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Home2023August

Month: August 2023

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International News

Sungrow to supply BESS for Australian HIVE battery project

August 9, 2023

China’s Sungrow Power Supply Company Limited, a global inverter and energy storage system solution supplier, has teamed up with Australia-based Clean Energy Transfer Fund (CETF) to energise HIVE – an innovative, distributed battery energy storage […]

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Private Sector

Hartek group wins e-house power substation mandate worth Rs 250 million

August 9, 2023

Hartek Power Private Limited, a unit of Hartek group focused on power systems and transmission and distribution business, has partnered with TP Western Odisha Distribution Limited (TPWODL) to build two new 33/11 kV e-house power […]

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Private Sector

Genus Power’s subsidiary secures contract worth Rs 22.10 billion

August 9, 2023

Genus Power Infrastructures Limited’s subsidiary has secured a contract worth Rs 22.10 billion for the supply and installation of 2.18 million smart pre-paid electricity meters. The contract covers the entire scope, including advanced metering infrastructure […]

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Private Sector

Tata Power signs MoU with the Government of Maharashtra for development of 2,800 MW of pumped hydro storage projects

August 9, 2023

Tata Power and the Government of Maharashtra have signed a memorandum of understanding (MoU) to develop two large pumped hydro storage projects (PSP) with a combined capacity of 2,800 MW in the state. These projects […]

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Central Sector

NTPC REL secures contract for 80 MW floating solar project at Omkareshwar reservoir in Madhya Pradesh

August 9, 2023

NTPC Renewable Energy Limited (NTPC REL) has been declared as the successful bidder for 80 MW floating solar capacity to be developed at Omkareshwar reservoir, Khandwa, Madhya Pradesh. The bidding was conducted by Rewa Ultra […]

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Reforms and Regulations

MoP issues amendment in the SBDs for procurement of ISTS through TBCB process to include provisions for HVDC systems

August 9, 2023

The Ministry of Power (MoP) has issued amendment in the standard bidding documents (SBDs) for procurement of inter-state transmission system (ISTS) through tariff based competitive bidding (TBCB) process to include provisions for technical qualification requirement […]

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International News

Hyundai E&C secures USD145 million HVDC line order in Saudi Arabia

August 8, 2023

South Korean Hyundai Engineering & Construction Company (Hyundai E&C) has won a USD145 million order from Saudi Electricity Company (SEC) for construction of the 525 kV Neom–Yanbu high voltage direct current (HVDC) transmission line in […]

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Private Sector

KEC International reports profit of Rs 423.3 million during quarter ended June 2023

August 8, 2023

KEC International Limited has recorded a net profit of Rs 423.3 million during quarter ended June 2023, recording an increase of 36.46 per cent as compared to the net profit of Rs 310.2 million recorded […]

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Private Sector

KEC International secures orders worth Rs 10.65 billion

August 8, 2023

KEC International Limited has secured new orders worth Rs 10.65 billion across its various businesses. The transmission and distribution (T&D) business has secured orders for T&D projects in India, Africa and Americas. These include 400 […]

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Private Sector

Adani Energy Solutions secures $1 billion financing for green HVDC link project in Mumbai

August 8, 2023

Adani Energy Solutions Limited (AESL) has announced successful financial closure for its $1 billion green high voltage direct current (HVDC) link project, which will enable further greening of the Mumbai grid by supplying more renewable […]

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Private Sector

Apraava Energy secures funding from REC and PFC for its wind, transmission, and advanced metering projects

August 8, 2023

Apraava Energy has signed memoranda of understanding (MoUs) with REC Limited and Power Finance Corporation Limited (PFC) for financial assistance worth Rs 91.20 billion. The funding will be used to develop Apraava’s wind, transmission and […]

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International News

KEGOC to reinforce transmission system in South Kazakhstan

August 7, 2023

Kazakhstan’s grid developer, JSC Kazakhstan Electricity Grid Management Company (KEGOC), has launched the South Kazakhstan Electricity Transmission Reinforcement Project to strengthen the grid and accommodate the planned increase in renewable energy capacity in the southern […]

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Private Sector

SWREL secures orders worth Rs 8.26 billion in the first four months of 2023-24

August 7, 2023

Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has won orders worth Rs 8.26 billion in the first four months of 2023-24. The orders aggregate to around 1 GWp and include projects […]

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Central Sector

SJVN signs MoU for power trading with Sikkim Urja Limited

August 7, 2023

SJVN Limited has inked a memorandum of understanding (MOU) with Sikkim Urja Limited (SUL) to trade 180 MW hydro power from SUL’s 1,200 MW Teesta-III hydro electric project in Sikkim to distribution licensees and open […]

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Private Sector

Torrent to supply green power for Shapoorji Pallonji’s desalination plants

August 7, 2023

Torrent Power Limited, through its subsidiary Torrent Urja 8 Private Limited, has entered into power transfer agreement with subsidiaries of Shapoorji Pallonji and Company Private Limited (SPCPL) for supply of 132 MW solar power for […]

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Reforms and Regulations

CERC notifies date of operation of various regulations

August 7, 2023

The Central Electricity Regulatory Commission (CERC) has notified the date of operation of various regulations. Notably, the CERC (Indian Electricity Grid Code) Regulations, 2023; the CERC (Sharing of Inter-State Transmission Charges and Losses) (First Amendment) […]

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Central Sector

Coal Ministry completes seventh tranche of coal block auctions

August 7, 2023

The Ministry of Coal has auctioned 6 coal mines for commercial mining under the seventh round and second attempt of sixth round. Among the mines auctioned, two coal mines are fully explored while four are […]

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International News

Development partners to mobilise funds for Mauritania–Mali line

August 7, 2023

The African Development Bank (AfDB) Group has announced that the development partners have committed to mobilise funding for a multinational power transmission line connecting Mauritania and Mali, with an investment of USD900 million. Mauritania’s state-owned […]

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Reforms and Regulations

MoP notifies Electricity (Second Amendment) Rules, 2023

August 7, 2023

The Ministry of Power (MoP) has notified Electricity (Second Amendment) Rules, 2023. As per the rules, the accounting of subsidy payable under section 65 of the Act shall be done by the distribution licensee in […]

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Central Sector

Powergrid’s board approves Rs 5.55 billion investment proposal for 85 MW solar project

August 7, 2023

Power Grid Corporation of India Limited’s (Powergrid) board has approved an investment proposal of Rs 5.55 billion for an 85 MW solar power project at Nagda in Madhya Pradesh. The project’s implementation has been scheduled […]

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