Construction Infrastructure
IKEA to invest in renewable energy plants in India
Globally, the company plans to accelerate its investments in renewable energy by an additional EUR four billion to support the transition towards a renewable energy future.
The investment will support reducing the company’s climate footprint and a broader transition to a net-zero society. The investments will focus on adding wind and solar projects in new countries and the company will also consider new types of investments in areas such as energy storage, hydrogen fuel development and charging infrastructure.
The Ingka Group recently announced acquisition of 49 percent stake in eight solar PV parks in Russia. The energy capacity of the parks equals 160 MW, which will provide enough electricity to power all 17 IKEA stores in Russia plus part of the MEGA shopping centres based around the country. Presently, the Ingka Group owns and manages 547 wind turbines, 10 solar parks in 15 countries and 9,35,000 solar panels on the roofs of IKEA stores and warehouses, bringing its total installed renewable energy power to more than 1.7 GW.
Read More At : Ihtlive.com
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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