December 31

India looking at $40 billion investment to boost battery manufacturing capacity

first_img FacebookTwitterLinkedInEmailPrint分享ET Energy World:The government is considering a plan to establish battery making capacity of 40 gigawatts (GW) to give a boost to its electrical vehicles and renewable energy initiatives, an official said. It will ask states to compete for the opportunity to set up internationally competitive facilities that will also service global markets. Domestic and global battery makers will be asked to bid for setting up plants in the selected states.The proposal is expected to entail investments of $40 billion in the next two-three years and is likely to garner interest from global battery manufacturing firms and renewable energy players such as SoftBank, Tesla and Panasonic, a government official said.The Centre is working on fiscal and non-fiscal measures to enable states to set up manufacturing units as competitive as those in China. Bids will be judged on the basis of land, incentives, power tariff discounts and regulatory and industrial support. Plants have to be competitive so that exports are commercially viable.The large-scale battery manufacturing proposal is aimed at making storage systems competitive in India so electric vehicle adoption becomes more viable. Batteries and battery cells are imported from the likes of China and the US. With plans to add 175 GW renewable energy generation capacity by 2022 and ensure that 30% of India’s vehicles are electrically powered by 2030, the demand for battery storage is pegged at 300 GW.“The Centre is exploring opportunities on how to make battery manufacturing at giga-scale happen quickly and in the shortest possible time because that is the crux of the entire growth, be it electric vehicles or new and renewable energy sources,” the government official said.“The industry needs to have confidence to come forward, as there is huge requirement of battery storage,” said another official. “Even for just the FAME-II targets of e-vehicles, we will require 70 GW batteries in the next three years. A company that starts making them here can become a global leader rather than looking up to countries such as Vietnam, Korea or China.” The official urged India to first make batteries before moving on to cells.More: Centre to invite bids for 40GW battery plants India looking at $40 billion investment to boost battery manufacturing capacitylast_img read more

December 16

NY Sen. Dean Skelos Denies Report He’s Under Federal Investigation

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York New York State Senate Majority Leader Dean Skelos (R-Rockville Centre) blasted a TV news report that said the longtime lawmaker is being investigated by the same federal prosecutors that recently charged his Democratic counterpart in the state Assembly.The NBC New York report, citing anonymous sources, said investigators are looking into Skelos’ income, along with his relationship with the real estate industry. Skelos’ spokeswoman released a statement Friday morning criticizing the report.“Last night’s thinly-sourced report by WNBC is irresponsible, and does not meet the standards of serious journalism,” the spokeswoman said. “Senator Skelos has not been contacted by anyone from the U.S. Attorney’s Office. As such, we won’t be commenting further.”Aside from his work in Albany, Skelos serves as counsel at the Uniondale-based corporate law firm Ruskin, Moscou & Faltischek. He regained leadership of the state Senate after Republicans won the majority in the November elections.The purported investigation comes just a week after the U.S. Attorney’s office for the Southern District of New York rocked Albany’s political circle to its core with the arrest of Assembly Speaker Sheldon Silver. Silver, who served as speaker for more than two decades, was accused of using his political power to pad his pockets. Silver is reportedly expected to be replaced Monday.Skelos is equally as powerful. Along with Silver and Gov. Andrew Cuomo, Skelos is part of the influential group known as the “three men in the room.” Together, the trio negotiates the legislative agenda.The U.S. Attorney’s office in Manhattan is believed to be conducting a wide-ranging investigation into Albany politics. The probe began after the now-defunct Moreland Commission was unceremoniously shut down by Cuomo last year. Federal prosecutors have reportedly picked up where the commission left off.Federal investigators have a policy of not confirming or denying the existence of investigations, but Preet Bharara, the U.S. Attorney in Manhattan leading the Albany probe, told reporters last week to “stay tuned” after Silver’s arrest.last_img read more

August 28

Suspected Gyan burglar captured on camera

first_imgCCTV footage has shown the man who stole Ghana captain Asamoah Gyan’s $10,000 and Sulley Muntari’s expensive wrist watch from their hotel rooms while they were playing in a World Cup qualifier in Lesotho last Sunday.The man could be seen emerging from the rooms with a bag containing what he stole from the two richest players in the Ghana squad in the video which was posted on Facebook.The pot-bellied man was wearing one of the Black Stars jerseys as he emerged from the room with his booty.However, it was not clear what the Maseru police intended to do with the footage even though they had promised an investigation into the case.last_img read more