India's NTPC signed an accord with state-run oil explorer Oil and Natural Gas Corporation to set up offshore wind power plants. Reuters
India's NTPC signed an accord with state-run oil explorer Oil and Natural Gas Corporation to set up offshore wind power plants. Reuters
India's NTPC signed an accord with state-run oil explorer Oil and Natural Gas Corporation to set up offshore wind power plants. Reuters
India's NTPC signed an accord with state-run oil explorer Oil and Natural Gas Corporation to set up offshore wind power plants. Reuters

India’s NTPC plans to take its renewables unit public


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State-run NTPC, India’s largest power generator, aims to take its renewables unit public to help fund a 2.5 trillion rupees ($34 billion) clean energy expansion, according to a company official with knowledge of the plans.

The New Delhi-based producer wants to list its NTPC Renewable Energy unit in the next fiscal year, which begins in April 2022, the official said, requesting anonymity as the discussions are private.

It’s intended to enable a dramatic transformation over the next decade for a company that relies on coal to produce the vast majority of its electricity. NTPC is aiming to double generation capacity to 130 gigawatts by 2032 and slash the share of fossil fuels in that energy mix to about half from 92 per cent currently.

NTPC rose as much as 1.5 per cent in early trading Friday, before paring the gain to 0.5 per cent as of 11:12 am in Mumbai. The stock has climbed 26 per cent over the past year, compared with a 46 per cent gain in the benchmark S&P BSE Sensex. The company did not immediately respond to an email seeking comment sent outside usual office hours in India.

India’s biggest fossil-fuel tycoons and companies plan to expand in renewable energy with investor pressure mounting on businesses to reduce carbon emissions and as Prime Minister Narendra Modi’s government debates aggressive climate targets. Mukesh Ambani, Asia’s richest man, last month said Reliance Industries will invest about $10bn over three years on sectors including solar, hydrogen and batteries.

NTPC plans to build large renewable energy parks and has secured land for a 5 gigawatt facility in the western state of Gujarat, the official said. It has also signed an accord with state-run oil explorer Oil and Natural Gas Corporation to set up offshore wind power plants, he said.

In addition to the renewables unit IPO, the company will seek to issue bonds and add loans from domestic and overseas banks to fund its clean energy plans, according to the official. NTPC will also consider selling some assets to raise funds.

The company has been raising the scale of its ambition in renewables, recently flagging it had almost doubled its clean energy target and would help develop 60 gigawatts of capacity by 2032. A target to reduce the share of fossil fuels in its generation fleet to 50 per cent compares to an earlier goal of 70 per cent.

Continuing government policy support and tumbling costs of renewables are also offering additional impetus to India’s utilities and fuel producers. It’s now cheaper to build new utility-scale solar capacity in India than to run most existing coal and gas power stations, according to BloombergNEF.

New coal-fired plants are also becoming more expensive amid requirements to add equipment to curb the country’s air pollution.

Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

AWARDS
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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

The Greatest Royal Rumble card

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Rusev

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v Kalisto

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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BMW%20M4%20Competition
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'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

Australia men's Test cricket fixtures 2021/22

One-off Test v Afghanistan:
Nov 27-Dec 1: Blundstone Arena, Hobart

The Ashes v England:
Dec 8-12: 1st Test, Gabba, Brisbane
Dec 16-20: 2nd Test, Adelaide Oval, Adelaide (day/night)
Dec 26-30: 3rd Test, Melbourne Cricket Ground, Melbourne
Jan 5-9, 2022: 4th Test, Sydney Cricket Ground, Sydney
Jan 14-18: 5th Test, Optus Stadium, Perth

The flights: South African Airways flies from Dubai International Airport with a stop in Johannesburg, with prices starting from around Dh4,000 return. Emirates can get you there with a stop in Lusaka from around Dh4,600 return.
The details: Visas are available for 247 Zambian kwacha or US$20 (Dh73) per person on arrival at Livingstone Airport. Single entry into Victoria Falls for international visitors costs 371 kwacha or $30 (Dh110). Microlight flights are available through Batoka Sky, with 15-minute flights costing 2,265 kwacha (Dh680).
Accommodation: The Royal Livingstone Victoria Falls Hotel by Anantara is an ideal place to stay, within walking distance of the falls and right on the Zambezi River. Rooms here start from 6,635 kwacha (Dh2,398) per night, including breakfast, taxes and Wi-Fi. Water arrivals cost from 587 kwacha (Dh212) per person.

LIVERPOOL%20TOP%20SCORERS
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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The years Ramadan fell in May

1987

1954

1921

1888

The biog

Mission to Seafarers is one of the largest port-based welfare operators in the world.

It provided services to around 200 ports across 50 countries.

They also provide port chaplains to help them deliver professional welfare services.

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
SPECS
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South and West: From a Notebook
Joan Didion
Fourth Estate 

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UAE currency: the story behind the money in your pockets
Updated: July 03, 2021, 5:00 AM