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Home2024April

Month: April 2024

No Picture
Private Sector

Avaada Energy secures 250 MW solar-wind hybrid project

April 19, 2024

Avaada Energy has secured a 250 MW solar-wind hybrid power project in an auction by NTPC Limited. NTPC had issued a tender for the selection of hybrid power generators to supply 1,000 MW of power […]

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International News

Alternergy to connect its 100 MW wind project to the Philippines’ national grid

April 18, 2024

Alternergy Tanay Wind Corporation (ATWC), a subsidiary of Alternergy Holdings Corporation has signed an agreement with the National Grid Corporation of the Philippines (NGCP) to connect the 100 MW Tanay Wind Power Project in Rizal […]

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Private Sector

BII and FMO collaborate to provide $50 million financing for BECIS

April 18, 2024

British International Investment (BII), the UK’s development finance institution and impact investor, along with FMO, the Dutch entrepreneurial development bank, have revealed a shared commitment of $50 million in loans to BECIS for assisting renewable […]

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Private Sector

Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project

April 18, 2024

Juniper Green Energy Private Limited has commenced commercial operations on 25.2 MW capacity under the 70 MW Gujarat Grid-Connected Wind Power Project (Phase III). The project has been commissioned almost nine months before the scheduled […]

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Central Sector

Powergrid receives LoI for three transmission projects

April 18, 2024

Power Grid Corporation of India Limited (Powergrid) has received a letter of intent (LoI) for three transmission projects. REC Power Distribution Company Limited (REC PDCL) invited request for proposal bids for the same in October […]

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International News

Saudi EIC subsidiaries secure SAR158 million deal from SEC

April 17, 2024

Saudi Electricity Company (SEC) has signed agreements worth SAR158 million for the supply of equipment, with Electrical Industries Company’s (EIC) subsidiaries, Wahah Electric Supply Company of Saudi Arabia Limited (WESCOSA) and Saudi Transformers Company. Through […]

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Private Sector

ElectriFI reinforces support for Husk Power Systems with $4 million investment

April 17, 2024

Husk Power Systems, a prominent supplier of decentralised solar-hybrid minigrids, and ElectriFI, the EU-funded impact investment facility overseen by EDFI Management Company, have announced that Husk has secured an extra $4 million in debt funding […]

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Private Sector

Mahindra Susten plans Rs 12 billion investment for 150 MW hybrid project

April 17, 2024

Mahindra Group has revealed plans to create a hybrid renewable energy project combining solar and wind power, with a capacity of approximately 150 MW. The project is estimated to cost around Rs 12 billion. Mahindra […]

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Private Sector

Tata Power’s EV charging network achieves 100 million green kilometers milestone

April 17, 2024

Tata Power Limited has achieved a significant milestone in India’s electric mobility landscape by becoming the first electric vehicle (EV) charging solutions provider to power 100 million green kilometers across various segments nationwide. Tata Power […]

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International News

Partners launch Singapore’s largest solarisation project

April 16, 2024

Frasers Property has partnered with SP Group to commence Singapore’s largest solarisation project for retail malls, covering approximately 4,500 square meters of solar panels across seven properties. This partnership depicts Frasers Property’s commitment to achieving […]

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Private Sector

Oriana Power receives LoA for setting up 72.66 MW solar power projects in Rajasthan

April 16, 2024

Reportedly, Oriana Power Limited has received a letter of award (LoA) worth Rs 3.25 billion for setting up a cumulative 72.66 MW solar power projects Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) in Churu, Rajasthan. The […]

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Central Sector

Government boosts ALMM with 4.1 GW addition of solar module capacit

April 16, 2024

The Ministry of New and Renewable Energy has increased the Approved List of Models and Manufacturers (ALMM) by including an additional 4,104 MW of solar module capacity. This brings the total cumulative manufacturing capacity of […]

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Central Sector

MoP takes measures to operationalise gas-powered plants amidst summer electricity demand surge

April 16, 2024

The Ministry of Power (MoP) has initiated steps to operationalise gas-based power plants to address the escalating electricity demand during the summer months. Under Section 11 of the Electricity Act, 2003, directives have been issued […]

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Private Sector

JSW acquires 45 MW wind project from Reliance in Maharashtra

April 16, 2024

JSW Renewable Energy Limited, a subsidiary of JSW Neo Energy Limited, has acquired 45 MW wind based renewable energy project from Reliance Power Limited  located in Jath, Sangli District, Maharashtra. The business transfer agreement, as […]

EXPERT OPINION

Climate Action: Energy solutions for a greener tomorrow

April 15, 2024

In the pursuit of sustainability-linked growth, there is an emerging shift in the boardrooms and the strategy discussions of Indian companies, wherein energy cost is now being linked with the non-fossil component of energy being […]

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International News

Philippines’ National Grid Corporation completes CNP3 interconnection link

April 15, 2024

The National Grid Corporation of the Philippines  has completed the 230 kV Cebu–Negros–Panay Backbone Project Stage 3 (CNP3) interconnection project with the energisation of the second circuit of the overhead line (OHL). The PHP43.4 billion […]

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Central Sector

Coal imports in India surge by 13 per cent in February 2024

April 15, 2024

India’s coal imports has increased by 13 per cent  to 21.64 million tonnes (mt) in February 2024 from 19.15 mt in February 2023. This surge was attributed to certain buyers replenishing their stocks in anticipation […]

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Central Sector

NGEL selects four investment banks for Rs 100 billion IPOTop of Form

April 15, 2024

Reportedly, NTPC Green Energy Limited (NGEL) has finalised four investment banks to oversee its Rs 100 billion initial public offering (IPO). IDBI Capital Markets and Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management were […]

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Private Sector

ReNew crosses 10 GW gross renewable energy assets

April 15, 2024

ReNew has completed construction of 1.94 GW of renewable energy assets in 2024-25, taking the cumulative capacity set up by the company to over 10 GW. Accounting for assets sold, the company’s revenue generating capacity […]

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Reforms and Regulations

CERC notifies draft CERC (Fees and Charges of Regional Load Despatch Centre and other related matters) Regulations, 2024

April 15, 2024

The Central Electricity Regulatory Commission (CERC) has notified the CERC (Fees and Charges of Regional Load Despatch Centre and other related matters) Regulations, 2024. These regulations shall be applicable for determination of fees and charges […]

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