JULY 20239TOP STORYSJVN's proposal to install overhead transmission lines for its 1,000 MW solar power project in Bikaner, Rajasthan, has been granted by the Ministry of Power. On November 15, 2022, SJVN published a notice for the transmission programme in regional newspapers and the Weekly Gazette of India, requesting feedback or objections on the suggested transmission path within 60 days of the publication date.SJVN then declared that Juniper Green Cosmic only submitted one objection, which was eventually withdrawn. The approval from the Ministry of Power is valid for 25 years, and SJVN must get permission from the authorities before building the planned lines. SJVN must abide by the relevant commission's rules for transmission, operation & maintenance, and open access.The villages of Bandarewala, Deensar, Barala, Bhanipura, Sarah Barola, Gol Pratap Singh, Kawni, Mehrasar, Jaimalsar, Nokha Daiya, and Randhisar in the Bikaner district will be crossed by the overhead lines for the transmission programme. The applicant will only operate the lines with the electrical inspector or chief electrical inspector of the central government's approval.At the time of the electrical inspection, the company must present the necessary approvals to the Central Electricity Authority (CEA), having already obtained them from agencies like civil aviation and defence. SJVN had won the contract from the Indian Renewable Energy Development Agency (IREDA) for the development of a 1 GW grid-connected solar power project under the CPSU Phase-II (Tranche-III) programme under viability gap funding. Two days after the company and Foxconn ended their joint venture to produce semiconductors in the country, Vedanta chairman Anil Agarwal said the company plans to enter the semiconductor manufacturing business this year and has lined up partners for the initiative."We are partnering on a semiconductor project. Agarwal announced at the firm's annual general meeting on Wednesday that your company would start a historic foray into semiconductor fab and display fab this year, subject to government permissions. For the corporation, "this will open an entirely new avenue of rapid growth in a sector that is strategic for the country," he said.Currently, India imports $100 billion worth of electronics annually, of which $30 billion goes to semiconductors and display glass alone. In February 2022, Foxconn and Vedanta announced a $19.5 billion joint venture to produce semiconductors and display panels in India. This made them one of the first few companies to join the government's crucially important India Semiconductor Mission.The country's first company in the integrated semiconductor and display fab sector, Vedanta Group announced last week that it will purchase the semiconductor and display assets from sibling company Twin Star Technologies The fourth-largest producer of glass substrate in the world, AvanStrate, is also owned by the business. The company, which specialises in natural resources, is also active in the production of oil and gas, aluminium, zinc, copper, steel, and iron ore. "Our strong presence in the natural resources sector is expected to yield even stronger returns in the coming years," added Agarwal. MINISTRY APPROVES SJVN'S TO SET UP TRANSMISSION LINES FOR 1 GW SOLAR PROJECTVEDANTA PLANS TO JOIN THE SEMICONDUCTOR MANUFACTURING THIS YEARJULY 20239
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