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NITI Aayog floats model PPP concession agreement for electric buses

The government's think-tank NITI Aayog has unveiled a Model Concession Agreement (MCA) for introducing electric buses for public transportation on PPP mode on operational expenditure (per km basis) model. The Aayog stated that the model document has been developed based on international best practices to provide cleaner, more efficient, and affordable public transportation.

Cabinet approves Measures to promote Hydro Power Sector

In order to boost hydro power generation, the government has approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions. With the government's decision, hydro projects above 25 MW will be considered as renewables and eligible for various incentives like financial assistance and cheaper credit (as per existing practice, only hydropower projects less than 25MW are categorized as Renewable Energy).

Government approved National Mission on Transformative Mobility and Battery Storage

Government has approved the proposal for setting up a national mission on transformative mobility and battery storage, to drive clean, connected, shared, sustainable and holistic mobility initiatives. Apart from this, government has also approved creation of Phased Manufacturing Program (PMP) for 5 years till 2024 to support setting up of a few large-scale, export-competitive integrated batteries and cell-manufacturing Giga plants in India.