| | AUGUST 20249cutting-edge electrolysis technology to enhance the efficiency of hydrogen production using renewable energy.The BOP systems at the new factory will handle crucial tasks such as water supply, gas separation, and purification to support the electrolyzers, ensuring high performance and dependability.Anirudh Saraswat, Chief Business Officer of Oriana Power, commented on the project's importance: "The green hydrogen sector faces hurdles such as high initial costs and long timelines. However, Splitwaters' modular technology effectively tackles these challenges, allowing us to produce clean energy solutions at scale and reduce capital expenses by up to 30 percent compared to conventional methods".Oriana Power is also pursuing green hydrogen and e-fuels projects in the UK and Europe in partnership with Splitwaters. Saraswat anticipates that the green hydrogen and e-fuels segment will start contributing to revenue by the next fiscal year and will become a significant revenue source by FY2027 .DBS Bank India has introduced the 'DBS Golden Circle', a priority banking program tailored for senior citizens. This initiative is aimed at resident Indian citizens aged 60 and above, offering a suite of exclusive benefits and services designed to address the unique financial needs of the elderly.The DBS Golden Circle program provides senior citizens with attractive interest rates on savings accounts and fixed deposits, enhanced security features, and personalized financial services. According to the India Ageing Report 2023 by the United Nations Population Fund, income insecurity is a major concern for the elderly, which this program seeks to mitigate.Senior citizens enrolled in the DBS Golden Circle can earn up to 7 percent interest per annum on savings account balances between Rs 4 Lakhs and Rs 5 Lakhs. Additionally, they benefit from an enhanced interest rate of 0.50 percent per annum on fixed deposits with tenures ranging from 376 to 540 days."DBS Golden Circle is designed to make banking easier and more convenient for senior citizens, with a strong focus on trust, safety, and convenience", said Prashant Joshi, Managing Director and Head of Consumer Banking Group, DBS Bank India.To enhance security, the program includes cyber insurance coverage up to Rs 1,00,000. Fixed deposits with a tenure of over one year do not incur penalties for premature withdrawals, and flexible interest payout options are available, including monthly, quarterly, or cumulative payouts.Other benefits of the program include special overdraft rates against fixed deposits and loans on deposits, zero transaction fees for NEFT, RTGS, duplicate statements, unlimited free domestic ATM transactions, lifetime free debit cards, and discounts on locker rentals, providing a cost-effective and secure option for storing valuable items.Furthermore, the DBS Golden Circle program offers a range of products from leading life insurance companies and ecosystem partners. These include curated health and wellness benefits, discounts on healthcare services, pharmacy discounts, hospicash benefits, and comprehensive annual health check-ups. ORIANA POWER UNVEILS GIGAWATT-SCALE GREEN HYDROGEN AND E-FUELS FACTORYINDIA NEEDS DIGITAL TWIN POLICY FOR 33 PERCENT INFRA INVESTMENT BOOST, USD 40 TRILLION ECONOMY BY 2047IN FOCUSIN FOCUSOriana Power has unveiled plans to construct a gigawatt-scale facility in India for manufacturing alkaline electrolyzers and Balance of Plant (BOP) modules. The factory, which will be rolled out in two phases, is set to begin with a 500-megawatt (MW) production capacity for electrolyzers, with operations expected to start in 2026. This development is a key part of Oriana Power's strategy to advance green hydrogen and e-fuels technologies.The facility will be established in collaboration with Splitwaters, a US-based company known for its advanced electrolyzer and BOP technology. This partnership, announced last month, aims to harness Splitwaters'
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