Editorial
March 2024
As India’s electricity demand is expected to soar in the upcoming summer months, the country is gearing up to ensure reliable and outage-free power. Estimates suggest that peak demand could breach the 260 GW mark […]
Month: March 2024
Finance
Climate Finance: BNEF’s report on global energy transition investment trends
Financing clean energy initiatives is pivotal to advancing the shift towards sustainable and renewable energy sources. Effective financing strategies that support research and development efforts and facilitate the roll-out of renewable energy technologies are essential […]
International News
Mekong River electrification project gets USD120 million funding
The Government of Cambodia has received the first tranche of funding of USD120 million out of the USD600 million for the Mekong River systems electrification project from a multilateral bank. The second tranche of the […]
Private Sector
KP Energy commissions 16.8 MW wind power project at Sidhpur
KP Energy Limited has commissioned 16.8 MW (Phase-VIII) inter state transmission system (ISTS) connected wind power project comprising eight numbers of wind turbine generators (WTGs) of 2.1 MW each at Sidhpur site in Devbhoomi Dwarka. […]
Private Sector
Reliance Power’s subsidiaries settle Rs 10.23 billion debt
The subsidiaries of the Reliance Power Limited, namely Kalai Power Private Limited and Reliance Cleangen Limited, for the purpose of debt settlement has signed a debt settlement and discharge agreement with the wholly owned subsidiary […]
Private Sector
KPIL secures new orders worth Rs 20.71 billion
Kalpataru Projects International Limited (KPIL) has secured new orders/notification of awards worth Rs 20.71 billion. KPIL has secured orders in the transmission and distribution (T&D) business in overseas markets and order for design and construction […]
Private Sector
MEL signs PPA for 500 MW with RIL under the captive user policy
Mahan Energen Limited (MEL), wholly owned subsidiary of Adani Power Limited, has entered into a 20-year long-term power purchase agreement (PPA) for 500 MW with Reliance Industries Limited (RIL), under the captive user policy. One […]
Private Sector
Adani Power consolidates Rs 197 billion loans availed by six arms into single long-term debt
Adani Power Limited has restructured its financial arrangements, consolidating multiple short-term loan facilities totaling Rs 197 billion from six of its special purpose vehicles (SPVs) into a single long-term debt. This strategic move aims to […]
Central Sector
BHEL receives order from Adani Power for setting up of 2×800 MW Raigarh Phase-II TPP
Bharat Heavy Electricals Limited (BHEL) has received an order from Adani Power Limited for setting up the 2×800 MW Raigarh Phase-II thermal power plant (TPP) at Raigarh, Chhattisgarh. The scope of the project is supply […]
International News
National Assembly of South Africa passes ERA Bill to promote competition
The National Assembly of South Africa has passed the Electricity Regulation Amendment (ERA) Bill, with an aim to transform the structure of the electricity sector and boost competition. The Bill provides an open market platform […]
State Sector
Haryana declares winners for 24,484 solar water pumps under PM-KUSUM
Haryana Renewable Energy Development Agency (HAREDA) has granted contracts for the provision, installation, and commissioning of 24,484 solar water pumping systems as part of Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan […]
Private Sector
CCI approves 100 per cent acquisition of Lanco Amarkantak by Adani Power
The Competition Commission of India (CCI) has approved 100 per cent acquisition of Lanco Amarkantak Power Limited by Adani Power Limited. Adani Power is engaged in the business of thermal power generation in India. The […]
Private Sector
Adani Green commissions 180 MW solar power plant in Rajasthan
Adani Green Energy Limited has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement with the Solar Energy Corporation of India. The plant will […]
Central Sector
NTPC signs pact with JBIC for JPY30 billion funding
NTPC Limited has entered into foreign currency loan agreements with the Japan Bank for International Co-operation (JBIC), the Japanese Government policy-based financial institution, aggregating JPY30 billion i.e. JPY15 billion each for NTPC Limited and NTPC […]
International News
Vietnam’s EVNNPT launches 500 kV Quang Tri substation project
Vietnam Electricity National Power Transmission Corporation (EVNNPT), a subsidiary of the state-owned Vietnam Electricity (EVN), has launched the construction of the 500 kV Quang Tri substation and its Quang Tri–Vung Ang branch–Danang connection line project, […]
Private Sector
Jakson Group partners with Powernsun for solar energy distribution in India
Reportedly, Jakson Group has collaborated with Powernsun, headquartered in Dubai, for the exclusive distribution rights of solar products in Lucknow, Uttar Pradesh, and Maharashtra. Under this strategic partnership, Jakson Group will leverage its manufacturing facility […]
Central Sector
NTPC declares winners of its 3,000 MW FDRE auction
Results for NTPC Limited’s auction to develop 3,000 MW firm and dispatchable renewable power (FDRE) from inter-state transmission system (ISTS) connected projects, tranche II, have been announced. ABC Cleantech (Axis Energy) and ACME Cleantech Solutions […]
Central Sector
MNRE boosts ALMM with 3.5 GW addition of solar module capacity
The Ministry of New and Renewable Energy (MNRE) has increased the Approved List of Models and Manufacturers (ALMM) by including an additional 3,501 MW of solar module capacity. This brings the total cumulative manufacturing capacity […]
Central Sector
MoP issues VGF guidelines for BESS projects
The Ministry of Power (MoP) has released operational guidelines for a programme worth Rs 94 billion. This initiative aims to offer viability gap funding (VGF) of up to 40 per cent to facilitate the development […]
Company Release
New and enhanced Hitachi Energy SAM600 process interface unit accelerates the adoption of digital substations
Hitachi Energy has advanced its pioneering digital substation technology with the all-new SAM600 3.0, a process interface unit built to help transmission utilities accelerate the adoption of digital substations. The one-box, modular SAM600 consolidates three […]