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Home2024October

Month: October 2024

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Private Sector

Avaada launches solar manufacturing facility in Nagpur

October 10, 2024

Avaada Group has launched a new manufacturing facility at the Butibori Industrial Park in Nagpur. The facility built with an estimated budget of Rs 136.5 billion, will focus on the entire solar value chain, including […]

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Private Sector

Torrent Power signs SSSA with LMCL and TU17

October 10, 2024

Torrent Power Limited has signed a share subscription and shareholders agreement (SSSA) with Lakshmi Mills Company Limited (LMCL) and its subsidiary, Torrent Urja 17 Private Limited (TU17) to supply 8.5 MWp of solar power to […]

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Private Sector

Saatvik Solar secures 213 MW contract to supply PV modules for L&T’s BESS project

October 10, 2024

Saatvik Solar has secured a contract to supply 213 MW of solar photovoltaic (PV) modules to Larsen & Toubro (L&T) for its 245 MW battery energy storage system (BESS) project in Bihar. The project includes […]

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Private Sector

Premier Enegies International signs MSA with BN Hybrid Power

October 10, 2024

Premier Energies International Private Limited, a wholly owned subsidiary of Premier Energies Limited, has signed a module supply agreement (MSA) with BN Hybrid Power-1 Private Limited, a special purpose vehicle of BrightNight India. Under this […]

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International News

Vietnam’s EVNSPC begins construction on 25 grid projects, completes 18

October 10, 2024

Vietnam Electricity’s Southern Power Corporation (EVNSPC) initiated the construction of 25 power grid projects operating at 110 kV in the first nine months of 2024, out of which it has successfully completed 18. A notable […]

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Reforms and Regulations

MoP issues Guidelines for  Installation and Operation of Battery Swapping and Charging Stations

October 9, 2024

The Ministry of Power (MoP) has issued a Guidelines for  Installation and Operation of Battery Swapping and Charging Stations. These guidelines shall be applicable to swappable battery providers, and owners and operators of battery charging […]

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Reforms and Regulations

CERC issues draft CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024

October 9, 2024

The Central Electricity Regulatory Commission has issued draft CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. As per the draft, the charges for injection of infirm power shall be zero, provided that […]

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Reforms and Regulations

MoP sets new benchmark for biomass pellet pricing in NCR

October 9, 2024

The Ministry of Power (MoP) has set a price benchmark for biomass pellets at Rs 2.32 per 1000 kcal, effective from September 1, 2023, in an effort to encourage the use of biomass in thermal […]

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Private Sector

Juniper, ACME, Sembcorp win SECI’s 600 MW wind-solar auction

October 9, 2024

Juniper Green Energy, ACME Solar Holdings, and Sembcorp Green Infra have been selected as the winners in Solar Energy Corporation of India Limited’s (SECI) auction to develop 600 MW interstate transmission system- connected wind-solar hybrid […]

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Private Sector

Purvah Green to acquire Bhojraj Renewables

October 9, 2024

Purvah Green Power, a subsidiary of Calcutta Electric Supply Corporation (CESC), has signed a binding term sheet to acquire 100 per cent share of Bhojraj Renewables Energy. The acquisition is aimed at developing a 300 […]

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International News

Micro Electricity and Saigontel to develop a 300 MW solar power park in Vietnam

October 9, 2024

Micro Electricity has partnered with Saigontel to develop a 300 MW solar power park in southern Vietnam and create a green energy trading platform for industrial zones. The companies will invest USD225 million over three […]

EXPERT OPINION

Transmission Adequacy in India: Building a resilient and sustainable grid

October 9, 2024

 By S.K. Soonee, Former and Founder CEO, POSOCO; Dr Deb Chattopadhyay, Senior Energy Specialist, The World Bank; Debasis De, Former Executive Director, NLDC Grid-India, and K.V.N. Pawan Kumar, Deputy General Manager, and Abishek R.S., Manager, […]

TransTech India 2024

Powering the Energy Transition : Highlights from Day 2

October 9, 2024

EPC Perspective The panel on EPC Perspective featured a discussion among Ankit Bhardwaj, EVP and BD, Global Product and Services, Sterlite Power; Rajeev Dalela, President, Kalpataru Projects International; Venkat Muvvala, CEO-Infra and EPC Business, Jakson […]

TransTech India 2024

Future of Transmission: Highlights from Day 1

October 8, 2024

Inaugural Address R.K. Tyagi, Chairman and Managing Director, Power Grid Corporation of India, delivered the inaugural address at the Power Line TransTech India 2024 Conference and Exhibition. He began his address by highlighting the global […]

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Central Sector

PFC secures foreign currency term loan of USD1.26 billion

October 8, 2024

Power Finance Corporation Limited (PFC) has secured a foreign currency term loan of USD1.26 billion, making it the largest foreign currency loan ever raised by an Indian public sector undertaking. This loan was arranged through […]

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Central Sector

GAIL and AMG enter into a 2.5 GW renewable energy agreement

October 8, 2024

GAIL India Limited and AM Green (AMG) have signed a memorandum of understanding (MoU) to develop solar-wind hybrid renewable energy projects in India, with a capacity of up to 2.5 GW. This agreement also includes […]

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Private Sector

AESL incorporates wholly owned subsidiary for transmission projects

October 8, 2024

Adani Energy Solutions Limited (AESL) has incorporated a wholly owned subsidiary, Adani Energy Solutions Global Limited (AESGL). The new entity will have an initial share capital of USD27,000, divided into 27,000 shares with a nominal […]

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Central Sector

REC increases green financing with 37.3 per cent growth in renewable energy funding

October 8, 2024

REC Limited has disbursed loans worth Rs 909.55 billion for the half-year ending on September 30, 2024, marking a 20.10 per cent increase year-on-year. The company’s renewable energy loans grew significantly, rising by 92.68 per […]

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Private Sector

Kundan Green Energy to invest Rs 10 billion in RE projects by 2028

October 8, 2024

Reportedly, Kundan Green Energy is set to invest Rs 10 billion in renewable energy projects by 2028. The expansion strategy includes integrating advanced pumped storage systems into upcoming hydropower projects, which are crucial for stabilising […]

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International News

Singapore Powergrid awards USD 630 million contract to install ultra-high voltage power grid

October 8, 2024

Taihan Cable & Solution Company has secured a USD 630 million contract from Singapore Powergrid to supply and install a 400 kV ultra-high voltage power grid. The initiative involves constructing a 400 kV underground power […]

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