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Home2024January

Month: January 2024

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Central Sector

PFCCL incorporates subsidiary named Pune -III Transmission

January 18, 2024

PFC Consulting Limited (PFCCL) has incorporated a special purpose vehicle  (SPV)  company as a wholly owned subsidiary, Pune- III Transmission Limited. The SPV has been incorporated for the development of “Transmission System for Evacuation of […]

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International News

ENDE invests BOB2,081 million in electrical projects in Bolivia in 2023

January 17, 2024

Bolivia’s state-owned power utility company, Empresa Nacional de Electricidad Corporation (ENDE), announced that it had executed a budget of BOB2,081 million, representing 83.5 per cent utilisation for projects in electrical energy generation, transmission, and distribution. […]

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Central Sector

SBI raises $250 million via green bonds

January 17, 2024

The State Bank of India (SBI) has completed the placement of $250 million senior unsecured green floating rate notes. The notes are set to mature on December 29, 2028, and have been listed on the […]

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Private Sector

HPL Electric secures a smart meters contract worth Rs 2.40 billion

January 17, 2024

HPL Electric and Power Limited (HPL) has secured a order worth Rs 2.40 billion for smart meters from advanced metering infrastructure service provider. This achievement further strengthens HPL’s prominent position in the rapidly evolving smart […]

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Central Sector

SECI declares winners of its 1.5 GW electrolyser manufacturing auction

January 17, 2024

Results for the Solar Energy Corporation of India Limited’s (SECI) auction to develop 1,500 MW electrolyser manufacturing capacity as part of Ministry of New and Renewable Energy’s strategic interventions for green hydrogen transition (SIGHT) scheme, […]

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Private Sector

JSW commissions Unit-1 (350 MW) of Ind-Barath thermal power plant

January 17, 2024

JSW Energy Limited has commissioned Unit-1, with a capacity of 350 MW, at the Ind-Barath 700 MW thermal power plant in Odisha. This will help the company to further diversify its fuel mix, geographical spread […]

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International News

Terra solar project to be operational by 2027

January 16, 2024

SP New Energy Corporation (SPNEC) is planning to complete works on the PHP200 billion Terra solar projects in Nueva Ecija and Bulacan in the Philippines by 2027. The project will consist of 3,500 MW of […]

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Central Sector

BHEL receives order for 2,400 MW thermal power project in Odisha

January 16, 2024

Bharat Heavy Electricals Limited (BHEL) has received a letter of award (LoA) of engineering, procurement, and construction (EPC) package for 2,400 MW (3×800) MW NLC Talabira thermal power project, Jharsuguda district, Odisha from NLC India […]

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Private Sector

Avaada Group to develop 6 GW hybrid wind-solar projects in Gujarat

January 16, 2024

Avaada Group has signed a memorandum of understanding with the Gujarat government to set up hybrid wind-solar projects with an aggregate 6 GW capacity in the state with an investment of about Rs 400 billion. […]

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Central Sector

REC raises about Rs 35 billion via yen-denominated green bonds

January 16, 2024

REC Limited has raised JPY61.1 billion (about Rs 35 billion) by issuing green bonds under its USD 10 billion Global Medium Term Notes Programme. Proceeds from the issue of the bonds will be applied to […]

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Central Sector

NTPC Green Energy signs two MoU for green hydrogen projects in Gujarat

January 16, 2024

NTPC Green Energy Limited has signed the memorandum of understandings (MoUs) with Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat Pipavav Port Limited (GPPL) for the development of green hydrogen projects in Gujarat. The MoU […]

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Private Sector

TPREL signs MoU with Gujarat government to develop 10 GW renewable energy projects

January 15, 2024

Tata Power Renewable Energy Limited (TPREL) has signed a memorandum of understanding (MoU) with the Gujarat  government to develop 10,000 MW of renewable energy power projects across multiple sites in Gujarat. This collaboration will support […]

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International News

Kenya Parliament calls for settlement of KES43 billion owed by power utilities

January 15, 2024

Kenyan Members of Parliament (MPs) have asked the Treasury and Ministry of Energy to settle outstanding payments totalling KES43 billion owed by various power utilities in Kenya. The National Assembly’s Committee on Energy presented these […]

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Private Sector

Grew Energy to establish solar component unit worth Rs 38 billion in Gujarat’s Dholera

January 15, 2024

Grew Energy Private Limited has signed a memorandum of understanding (MoU) worth Rs 38 billion during the Vibrant Gujarat Global Summit. The company’s plans to set up a solar component manufacturing unit in Dholera, boasting […]

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Private Sector

First Solar inagurates 3.3 GW manufacturing facility in Tamil Nadu

January 15, 2024

First Solar has inaugurated the country’s first fully vertically integrated solar manufacturing facility in Tamil Nadu. The facility has an annual capacity of 3.3 GW and produces First Solar’s Series 7 photovoltaic solar modules. At […]

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Private Sector

UltraTech Cement to invest Rs 490 million for acquiring 26 per cent stake in Amplus Agesp of Form

January 15, 2024

UltraTech Cement has entered into share subscription and shareholders agreement to acquire 26 per cent equity shares of Amplus Ages Private Limited. The acquisition is for the purposes of meeting the company’s green energy needs, […]

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Private Sector

ENGIE and Gujarat government signs MoU to advance decarbonisation and renewable energy initiatives

January 15, 2024

ENGIE India and the Gujarat government have signed a memorandum of understanding (MoU) to invest Rs 172 billion for the development of 2.5 GW of renewable energy projects in Gujarat at the 10th edition of […]

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Private Sector

TPREL signs MoU with Tamil Nadu government to invest Rs 708 billion for renewable energy projects

January 15, 2024

Tata Power Renewable Energy Limited (TPREL) plans to invest Rs 708 billion for renewable energy projects in Tamil Nadu. The company has signed two memorandum of understanding (MoUs) with the Tamil Nadu government. Under the […]

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Private Sector

Apraava Energy secures 250 MW solar power project in Rajasthan from NHPC

January 15, 2024

Apraava Energy has been awarded a 250 MW interstate transmission system (ISTS) connected solar energy project, by NHPC Limited in Rajasthan. The project, won through the e-reverse auction mechanism at a tariff of Rs 2.53 […]

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Reforms and Regulations

MoP notifies Electricity (Amendment) Rules, 2024

January 15, 2024

The Ministry of Power (MoP) has notified Electricity (Amendment) Rules, 2024. As per the notification, resequencing of the existing Rule 21 to Rule 24 within the Electricity Rules of 2005 will be done. Furthe, the […]

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