New Delhi Current Affairs

First General Assembly of International Solar Alliance to be held on 2 October in Delhi

The inaugural General Assembly of International Solar Alliance (ISA) will be inaugurated on 2 October 2018 in New Delhi. It will be followed by ministerial level assembly of ISA following day which will be will be held in Greater Noida.

International Solar Alliance (ISA)

ISA was jointly launched by India and France in November 2015 at Paris on side lines of COP21 UN Climate Change Conference. Its Framework Agreement came into force in December 2017. It celebrated its founding day on 11th March, 2018. Its founding conference was held on 11 March 2018 in New Delhi.

ISA is action-oriented organization that aims brings together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating deployment of existing solar technologies at scale and promoting collaborative solar R&D and capacity building. It also aims at contributing to implementation of Paris Climate Agreement 2015 through the rapid and massive deployment of solar energy.

ISA is first international intergovernmental treaty based organization to be headquartered in India. It is headquartered at campus of National Institute of Solar Energy (NISE), Gurugram, Harayana. Till date, 47 countries have signed and 19 countries have ratified Framework Agreement of ISA. United Nations is Strategic Partner of ISA.

Objectives of ISA

  • Undertake joint efforts required to reduce the cost of finance and the cost of technology;
  • Mobilize around US $1000 billion of investments needed by 2030 for massive deployment of solar energy;
  • Pave way for future technologies adapted to needs of solar rich 121 countries lying fully or partially between Tropic of Cancer and Capricon.

ISA’s 4 ongoing programmes

  • Scaling Solar Mini Grids;
  • Affordable Finance at Scale.
  • Scaling Solar Applications for Agricultural Use.
  • Scaling Solar Rooftop catering to the needs of solar energy in specific areas.

Month: Categories: International Current Affairs 2018

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PM lays foundation stone of India International Convention and Expo Centre in New Delhi

Prime Minister Narendra Modi laid foundation stone of India International Convention and Expo Centre (IICC) in Sector 25, Dwarka, New Delhi. On completion, it will be biggest indoor exhibition space in India and also rank among the top 10 in the world.

India International Convention and Expo Centre (IICC)

IICC will be integrated complex with facilities like exhibition halls, convention centre, open exhibition spaces, mixed use commercial spaces like star hotels (5, 4 and 3 star), retail services and high-end offices. It will provide facilities on par with best in the world in size and quality.

It will offer setting for international and national events, meetings, conferences, exhibitions and trade shows. It will have capacity to accommodate 11,000 persons, 5 exhibition halls, 1-kilometre long foyer, multi-purpose arena with retractable roof.

The project is planned over area of 221.37 acre in Sector 25, Dwarka at an estimated cost of Rs 25,703 crore. It will be implemented by India International Convention and Exhibition Centre Ltd, a 100% government-owned company set up by Department of Industrial Policy and Promotion (DIPP).  It is expected to generate over 5 lakh employment opportunities.

Construction of IICC will be in line with green building principles and Indian Green Building Council (IGBC) Platinum rating standards. It will be developed in two phases. Phase-I and II will be completed by December 2019 and December 2024, respectively. It will have dedicated underground Metro station which will be extension of airport high speed metro corridor being constructed by Delhi Metro Rail Corporation.

Month: Categories: India Current Affairs 2018

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