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Home2024October

Month: October 2024

Perspective

Interview with Vishal Kapoor: “India’s energy efficiency market has seen remarkable growth”

October 18, 2024

In an interview with Power Line, Vishal Kapoor, Chief Executive Officer, Energy Efficiency Services Limited (EESL), spoke about the current state of the power sector, the progress in setting up electric vehicle (EV) charging infrastructure […]

Perspective

Interview with Pratik Agarwal: “The grid must evolve to handle increased electricity volumes”

October 18, 2024

In a recent interview with Power Line, Pratik Agarwal, Managing Director and Chairman, Sterlite Power Limited and Serentica Renewables, discussed the current state of the power sector, transmission challenges and future trends. He also shared […]

Perspective

Interview with N. Venu: “The country is on the cusp of an energy revolution”

October 18, 2024

In a recent interview with Power Line, N. Venu, Managing Director and Chief Executive Officer, India and South Asia, Hitachi Energy, shared his views on the performance of the power sector over the past year, […]

Perspective

Interview with Sandeep Zanzaria: “The sector has become more bankable”

October 18, 2024

In a recent interview with Power Line, Sandeep Zanzaria, Chief Executive Officer and Managing Director, GE T&D India Limited, discussed the new and emerging trends in the power transmission and distribution (T&D) segments and the […]

EXPERT OPINION

Integrating AI: The superpower in India’s energy transition toolkit

October 18, 2024

 Anish De, Global Head of Energy & Natural Resources, KPMG At CoP28, global leaders agreed on the goal of scaling clean energy rapidly in the near term. Specifically, the CoP28 declaration called for actions towards […]

No Picture
Private Sector

Tata Power receives LoI for acquisition of SPV from RECPDCL

October 18, 2024

Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire special purpose vehicle (SPV), ERES-XXXIX Power Transmission Limited (ERES-XXXIX). The […]

No Picture
Private Sector

Avaada Energy secures Rs 5.97 billion from NIIF IFL in refinancing for solar projects

October 18, 2024

These funds will be utilised for its commercial and industrial solar projects in Karnataka and Maharashtra. The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL). NIIF IFL is an infrastructure debt fund dedicated […]

No Picture
Private Sector

KPI Green signs two PPAs for 620 MW renewable energy projects with GUVNL

October 18, 2024

KPI Green Energy Limited has signed two power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a total of 620 MW renewable energy projects. The first PPA is for a 250 MW […]

No Picture
Private Sector

JSW Renew Energy Seventeen signs PPA for 192 MW wind-solar hybrid project with GUVNL

October 18, 2024

JSW Renew Energy Seventeen Limited, a wholly owned subsidiary of JSW Energy Limited, has signed its first power purchase agreement (PPA) for a 192 MW wind-solar hybrid project with Gujarat Urja Vikas Nigam Limited (GUVNL). […]

No Picture
Private Sector

Rayzon Solar secures 216 MW PV modules supply contract from L&T

October 18, 2024

Rayzon Solar has secured a contract to supply 216 MW of photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects in India. These high-efficiency solar modules will play a pivotal role in […]

No Picture
International News

Philippines’ DOE to commercialise three offshore wind projects

October 18, 2024

The Department of Energy (DOE) in the Philippines has revealed plans to commercialise three offshore wind power projects. These projects, with a combined capacity of 1,650 MW, received their certificates of confirmation of commerciality from […]

Power Trading

Power Trading: Day-ahead market and real-time market

October 17, 2024

The electricity traded in the day-ahead market in August 2024 was 4,727.13 MUs at the IEX. The average market clearing price range was Rs 1.96-Rs 6.64 per unit. The total volume traded in the real-time […]

Power Trading

Power Trading: Volumes and prices in the short-term market

October 17, 2024
Finance

Power Financing: Funding trends and developments in the sector

October 17, 2024

India’s power sector is undergoing a transformation, fuelled by rising electricity demand and the shift towards green energy. Foreign direct investment (FDI) in the sector also saw substantial growth, rising by 144 per cent to […]

Companies

Company Highlights: Key developments over the past 12 months

October 17, 2024

Over the past year, the Indian power sector demonstrated remarkable resilience and progress. Corporates across the sector made commitments to transition towards greener energy alternatives, with significant investments in green hydrogen, pumped storage technologies and […]

No Picture
Central Sector

Powergrid acquires two SPV’s from PFC Consulting and RECPDCL

October 17, 2024

Power Grid Corporation of India Limited (Powergrid) has acquired two project specific special purpose vehicles (SPV), South Olpad Transmission Limited for Rs 188.4 million from PFC Consulting Limited and Rajasthan IV H1 Power Transmission Limited […]

No Picture
Central Sector

RECPDCL transfers Rajasthan IV H1 Power Transmission to Powergrid

October 17, 2024

REC Power Development & Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC, has transferred the special purpose vehicle , Rajasthan IV H1 Power Transmission Limited to Power Grid Corporation of India Limited (Powergrid) through […]

No Picture
Central Sector

MNRE adds 2.09 GW of solar module capacity to ALMM

October 17, 2024

The Ministry of New and Renewable Energy (MNRE) has further increased the approved list of models and manufacturers (ALMM) by 2,094 MW of solar module capacity. The total module manufacturing capacity under ALMM now stands […]

No Picture
Private Sector

AESL signs SPA with PFC Consulting to acquire NTL and JTL

October 17, 2024

Adani Energy Solutions Limited (AESL) has signed share purchase agreements (SPA) with PFC Consulting Limited to acquire 100 per  cent equity shares in Navinal Transmission Limited (NTL) and Jamnagar Transmission Limited (JTL). NTL’s project involves […]

No Picture
Central Sector

EEX, IGX and GIZ partner to develop hydrogen trading market in India

October 17, 2024

The European Energy Exchange (EEX), the Indian Gas Exchange (IGX) and GIZ (Gesellschaft für Internationale Zusammenarbeit) have signed an agreement to develop a hydrogen trading market in India. This partnership is part of the International […]

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