logo
SJVN to supply 200 MW power to DVC from hydro project in Nepal

SJVN to supply 200 MW power to DVC from hydro project in Nepal

Time of India23-05-2025

(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
State-owned SJVN will supply 200 MW power to Damodar Valley Corporation (DVC) from its 900 MW Arun-III Hydro Electric Project in Nepal . The Power Sale Agreement with DVC was signed on Friday in the presence of SJVN CMD Bhupender Gupta and DVC Executive Director Sanjeev Srivastava, SJVN said in a statement .The 900 MW Arun-III Hydro Electric Project is being developed by SJVN in Sankhuwasabha district of Nepal through its fully-owned subsidiary SJVN Arun-3 Power Development Company ( SAPDC ).On commissioning, the project will generate 900 MW of clean energy and is expected to play a vital role in meeting the nation's growing power demands.The project is expected to be commissioned by FY 2027-28.SAPDC is a significant collaboration between India and Nepal which aims to enhance regional energy security and boost economic development through sustainable hydro power generation in Arun River Basin.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India has set $1 billion turmeric export target by 2030: Union Minister Amit Shah
India has set $1 billion turmeric export target by 2030: Union Minister Amit Shah

Time of India

time2 hours ago

  • Time of India

India has set $1 billion turmeric export target by 2030: Union Minister Amit Shah

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Union Home Minister Amit Shah on Sunday said the Centre has set a target of achieving USD one billion in turmeric exports by a gathering after the inauguration of the National Headquarters of Turmeric Board in Nizamabad, he said the board would focus on packing, branding, marketing and export of the turmeric board would work towards ensuring remunerative prices for farmers, export of their produce, besides research and development, he said."You will be surprised to know that the Indian government has set the goal of exporting USD one billion worth of turmeric by 2030. And, we have also made full preparations to achieve the goal of exporting USD one billion to international markets. The (Turmeric) board that will be formed will work to ensure that the highest price of turmeric reaches the farmers," he further said, during the 2023 assembly elections, Prime Minister Narendra Modi had promised to establish a Turmeric board in Telangana, and orders in this regard were issued Union Coal and Mines Minister G Kishan Reddy and other leaders received Amit Shah when he arrived at Hyderabad's Begumpet to X, BJP's Telangana unit earlier on Sunday said Prime Minister Narendra Modi who had earlier announced the establishment of the turmeric board has now fulfilled the dream of farmers as per the word given to Modi has allocated Rs 200 crores to improve the quality of turmeric crop, carry out research and to improve farmers' income, it establishment of the Turmeric Board has been a major demand of the turmeric farmers in Nizamabad and it was also a key election Lok Sabha member from Nizamabad D Arvind, who had promised to set up the turmeric board, had defeated BRS MLC and then Chief Minister K Chandrasekhar Rao's daughter K Kavitha in the 2019 Lok Sabha elections. He was re-elected in 2024.

NATO's 5% pledge: Rearming the West or rebalancing the world
NATO's 5% pledge: Rearming the West or rebalancing the world

Economic Times

time3 hours ago

  • Economic Times

NATO's 5% pledge: Rearming the West or rebalancing the world

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel In an era where geopolitical boundaries are blurred and warfare has morphed from trenches to tech, NATO 's recent commitment to invest 5% of GDP annually in defence by 2035 sends a thunderous signal—not just to adversaries, but to allies questioning the alliance's strategic relevance. The Hague Summit Declaration, adopted by 32 member states, marked a pivotal moment in transatlantic security thinking. The question now is whether this is a forward-looking strategy or a reactionary bulwark clinging to the past the core of the declaration lies an emphatic reaffirmation of Article 5—the principle that an attack on one NATO member is an attack on all NATO members. However, the real headline is the proposed ramp-up in defence and security-related spending: 3.5% of GDP earmarked for traditional defence infrastructure and capabilities, and an additional 1.5% for resilience, critical infrastructure protection, and innovation. This is a fundamental reset of NATO's budgetary posture, reflective of a world no longer anchored to the certainties of post-Cold War strategic rationale behind this move is evident in the literature. From Russia's protracted war in Ukraine to hybrid warfare tactics deployed through cyberattacks, misinformation campaigns, and economic coercion, the threats facing the Euro-Atlantic region are no longer just physical; they are systemic. However, the implications of NATO's new doctrine stretch far beyond including Ukraine's security under the umbrella of NATO's own, the alliance is signalling that Kyiv's stability is no longer peripheral—it is central to the European defence architecture. Although the declaration stops short of directly naming Russia as an aggressor, it unequivocally categorises it as a long-term threat. The political calculus here is clear: to maintain unity among diverse member states while advancing a credible deterrent pledging 5% of GDP—especially in times of economic uncertainty, rising public debt, and shrinking fiscal room—will not be without domestic blowback. For many European countries, where defence budgets have long played second fiddle to social spending, the pivot will require not only financial reallocation but also political will. The path to 2035 will be fraught with parliamentary debates, economic trade-offs, and inevitable scrutiny from taxpayers questioning the utility of militarisation during said, NATO's blueprint smartly distinguishes between "hard power" and 'soft shield' spending. By allocating up to 1.5% for cyber defense , critical infrastructure, industrial innovation, and civil preparedness, the alliance acknowledges the multidimensional nature of modern warfare. Drones, AI, satellite technologies, and quantum encryption will define future battles. This is NATO's attempt to future-proof compelling aspect of the declaration is its call to dismantle internal defence trade barriers and catalyse transatlantic industrial cooperation. The subtext? Europe's dependence on American defence systems must evolve into a mutual technological collaboration. With U.S. domestic politics becoming increasingly isolationist and polarised, especially in light of looming electoral uncertainties, Europe has no choice but to shoulder more of the strategic burden of timing of this declaration cannot be ignored. This occurs at a time when questions are being raised about the longevity of American leadership and the cohesion of Western alliances. Populist politics, migration crises, climate-induced conflicts, and digital disruptions are redrawing the map of security concerns. In this light, NATO's 5% commitment is as much about deterrence as it is about staying for all its ambition, the declaration raises a philosophical question: can militarised investment alone secure peace in a world where most battles are fought in cyberspace, legislatures, and courtrooms? While NATO shores up its arsenal, adversaries weaponize currency systems, manipulate public opinion through AI-generated propaganda, and infiltrate supply chains. In such a scenario, defence must be defined not only by missiles and manpower but also by legal resilience, technological agility, and economic its closing remarks, the summit's declaration looks ahead—to Türkiye in 2026 and Albania thereafter. Symbolically, this eastward shift in NATO meeting venues reflects a changing strategic frontier. The frontlines are no longer confined to the Fulda Gap but extend into the Black Sea, Indo-Pacific, and digital cloud networks connecting us NATO's 5% pledge is more than just a budgetary item. It is a test of collective resolve in a fractured global order. If implemented wisely—with strategic clarity, equitable burden-sharing, and an eye on emerging threats—it could become a blueprint for securing liberal democracies in a multipolar, volatile world. But if the focus remains confined to tanks and treaties while ignoring the algorithmic and institutional battlefields of the 21st century, NATO risks building a fortress for yesterday's warThe author is Department of Commerce, Assistant Professor and Research Supervisor, St. Thomas College (Autonomous), Thrissur, Kerala

Signature Global to invest Rs 2,200 cr on new housing project in Gurugram
Signature Global to invest Rs 2,200 cr on new housing project in Gurugram

Time of India

time4 hours ago

  • Time of India

Signature Global to invest Rs 2,200 cr on new housing project in Gurugram

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty firm Signature Global will invest around Rs 2,200 crore to develop a new housing project in Gurugram to expand business and achieve over 20 per cent growth in its pre-sales this fiscal company has recently launched a premium residential project, 'Cloverdale', comprising 770 apartments, on Southern Peripheral Road (SPR), Sector 71, Global emerged as the fifth largest listed real estate developer last fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 Gurugram-based company has given a guidance of posting Rs 12,500 crore worth pre-sales in the current fiscal."We have launched a new housing project in Gurugram. Housing demand continues to be strong in this city, especially for reputed builders," Signature Global Chairman Pradeep Kumar Aggarwal told company is selling homes in a price range of Rs 4 crore to Rs 7 crore in this project, which is spread over 8 acres and is part of an overall 22-acre project is scheduled to be completed by month, Aggarwal said the company will invest around Rs 4,000 crore this fiscal to acquire land parcels and carry out construction activities in its housing projects at Global had invested Rs 1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana."Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels," he had said the investment in construction activities would be around Rs 2,500 crore in 2025-26 against Rs 1,900 crore in the preceding week, Signature Global announced plans to raise Rs 875 crore through issue of non-convertible debentures to refinance debt and expand business."We have taken the approval of board to raise funds. We will also seek shareholders approvals," Aggarwal said the company will use Rs 450 crore to refinance its existing debt while the remaining amount will be for business said the company is targeting to raise funds by end of August, subject to shareholders' Global, one of the leading real estate developers in the country, started its business to develop affordable housing projects but shifted its focusing on mid-income, premium and luxury segments because of high land cost in posted a net profit of Rs 101.2 crore last fiscal, a sharp jump from Rs 16.32 crore in the preceding total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in inception, Signature Global has delivered 13.5 million square feet of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store