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Home2024February

Month: February 2024

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Reforms and Regulations

CERC notifies draft CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2024

February 22, 2024

The Central Electricity Regulatory Commission (CERC) has notified draft CERC (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2024. As per the draft, CERC is responsible for annually determining the generic tariff […]

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International News

World Bank allocates $300 million For DRE projects in Eastern & Southern Africa

February 21, 2024

The World Bank has granted nearly $300 million to the Eastern and Southern African TradeĀ and Development Bank (TDB) to enhance distributed renewable energy (DRE) and clean cooking ventures within the private sector in nations eligible […]

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Private Sector

Ayana Renewables to add 4 GW solar, wind capacity by March 2025

February 21, 2024

Reportedly, Ayana Renewables has planned to set up around 4 GW of solar and wind power operational capacity by March 2025. Currently, the company has 1.6 GW operational capacity, and it is looking at over […]

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Private Sector

Sembcorp Industries acquires 228 MW wind assets in India

February 21, 2024

Sembcorp Industries has completed the acquisition of 100 per cent of the share capital in two special purpose vehicles (SPVs) belonging to Leap Green Energy Private Limited. This acquisition, carried out by Sembcorp’s wholly-owned subsidiary […]

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Private Sector

Tata Power plans to set up pumped hydro projects with Rs 150 billion outlay

February 21, 2024

Reportedly, Tata Power Company Limited is planning to establish pumped hydro storage projects with a cumulative capacity of 2,800 MW with an investment of Rs 150 billion by 2028-29. For this, the company will tie […]

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Central Sector

NTPC and NALCO sign MoU for supply of power for NALCO’s smelter plant

February 21, 2024

NTPC Limited has signed a non-binding memorandum of understanding (MoU) with National Aluminium Company Limited (NALCO) to explore various options such as thermal, solar photovoltaic, wind, any other renewable energy, energy storage or any combination […]

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Central Sector

IREDA and PNB collaborate to co-finance renewable energy projects

February 21, 2024

Indian Renewable Energy Development Agency Limited (IREDA)Ā and Punjab National Bank (PNB) have signed a memorandum of understanding (MoU) aimed at advancing renewable energy initiatives across the nation. The MoU comprises various provisions aimed at enhancing […]

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International News

IEA to set up a regional cooperation center in SingaporeĀ Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā 

February 20, 2024

The International Energy Agency (IEA) will be setting up a Regional Cooperation Centre in Singapore. This move marks the IEA’s first venture outside of France and signals a commitment to enhancing energy security and transition […]

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State Sector

Karnataka’s 2024 budget allocates Rs 11.74 billion for solar pumps

February 20, 2024

The Karnataka government during its budget announced plans to install 40,000 off-grid solar pump sets under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The estimated cost of this initiative […]

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Central Sector

PowergridĀ  board approves investments worth Rs 6.56 billion

February 20, 2024

The board of Power Grid Corporation of India Limited (Powergrid) has approved an investment totaling approximately Rs 6.56 billion for the execution of electricity transmission projects across the nation. The approved projects include the implementation […]

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Private Sector

Tata Power secures Rs 8.38 billion LoI for Jalpura Khurja power transmission project

February 20, 2024

Tata Power Company Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL) to develope the Jalpura Khurja Power Transmission Limited at an estimated cost of Rs 8.38 billion. […]

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Central Sector

Prime Minister dedicates power transmission projects worth Rs 21 billion

February 20, 2024

The Prime Minister has dedicated to the nation power transmission sector projects worth more than Rs 21 billion in Rajasthan. These projects are meant for evacuation of power from solar energy zones in Rajasthan so […]

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Central Sector

Prime Minister dedicates power transmission projects worth Rs 21 billion

February 20, 2024

The Prime Minister has dedicated to the nation power transmission sector projects worth more than Rs 21 billion in Rajasthan. These projects are meant for evacuation of power from solar energy zones in Rajasthan so […]

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Central Sector

Prime Minister lays foundation stone and dedicates to nation important solar projects worth around Rs 53 billion

February 20, 2024

The Prime Minister has laid the foundation stone and dedicated to the nation important solar projects worth around Rs 53 billion in Rajasthan. The Prime Minister laid the foundation stone of the NLC India Limited’s […]

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International News

TCN energises power transformers at Nigerian substations

February 19, 2024

The Transmission Company of Nigeria (TCN) has completed and energised two power transformers at its Benin substation and Ihovbor work centre. At the Benin substation, TCN accomplished the installation and energisation of a new 100 […]

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Private Sector

Godrej introduces Mumbai’s first 400 kV GIS substation

February 19, 2024

Reportedly, Godrej Electricals & Electronics, a division of Godrej and Boyce, has announced the completion of projects ranging from 132 kV to 765 kV, with its current order bank exceeding Rs 17 billion in the […]

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Private Sector

Gautam Solar delivers 60 MW of solar panels for PM-KUSUM scheme

February 19, 2024

Reportedly, Gautam Solar has supplied 60 MW of high-efficiency solar panels for the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. Additionally, the company is also in process to increase its capacity to […]

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Central Sector

BHEL secures order for Haryana’s first 800 MW USTPP to be set up in Yamunanagar

February 19, 2024

Bharat Heavy Electricals Limited (BHEL) has won an order for setting up a 800 MW ultra-supercritical thermal power plant (USTPP) on engineering, procurement and construction basis, at Yamunanagar, Haryana, from Haryana Power Generation Corporation Limited […]

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Central Sector

RECPDCL transfers Pachora Power Transmission SPV to GR Infraprojects

February 19, 2024

REC Power Development and Consultancy Limited (RECPDCL) has transferred a project-specific special purpose vehicle (SPV) to G R Infraprojects Private Limited. The SPV, named Pachora Power Transmission Limited, was created for the implementation of an […]

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Central Sector

Prime minister unveils PM Surya Ghar Muft Bijli Yojana

February 19, 2024

The prime minister has unveiled the PM Surya Ghar Muft Bijli Yojana programme, aimed at providing free electricity through residential rooftop solar installations. With an investment exceeding Rs 750 billion, this programme seeks to provide […]

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