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Home2024

Year: 2024

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Private Sector

AIIB invests USD58.4 million in India’s largest renewable energy InvIT

January 23, 2024

The Asian Infrastructure Investment Bank (AIIB) has invested around USD58.4 million in India’s largest renewable energy infrastructure investment trust (InvIT). The InvIT (Sustainable Energy Infra Trust or SEIT), has eight operating solar power generation assets […]

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Central Sector

Ministry of Power and New and Renewable Energy releases third edition of consumer service ratings of discoms

January 23, 2024

The Ministry of Power and New and Renewable Energy has released third edition of consumer service ratings of discoms covering performance of discoms for 2022-23. As per the Ratings, Noida Power Company Limited (Uttar Pradesh), […]

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Private Sector

Saatvik Solar bags 200 MW order for PV module supply

January 22, 2024

Saatvik Solar and Enrich Energy Private Limited have signed an memorandum of understanding (MoU) for the supply of 200 MW of photovoltaic modules. The modules, to be delivered in India, for upcoming projects of Enrich, […]

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International News

Japan and Uzbekistan collaborates for energy transition

January 22, 2024

The governments of Japan and Uzbekistan have entered into a memorandum of cooperation to collaborate on energy transitions. This includes joint efforts in developing a carbon neutrality roadmap and implementing a joint crediting mechanism. The […]

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Private Sector

AmpIn Energy signs PPA for Nagpur metro’s 6 MW solar project

January 22, 2024

In a recent development, AmpIn Energy Transition Privated Limited has signed a power purchase agreement (PPA) for a 6 MWp solar project with the Maharashtra Metro Rail Corporation Limited (MMRCL) for the Nagpur Metro Rail […]

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Private Sector

Solarpack signs 25-year PPA with SECI for 410 MW Gorbea solar project in Rajasthan

January 22, 2024

Solarpack Limited has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for 410 MW Gorbea solar project in Rajasthan. Under this collaboration, Solarpack will supply 755 GWh of […]

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State Sector

JSERC notifies draft JSERC (Terms and Conditions for Green Energy Open-access) Regulations, 2024

January 22, 2024

The Jharkhand State Electricity Regulatory Commission (JSERC) has notified draft  JSERC (Terms and Conditions for Green Energy Open-access) Regulations, 2024. As per the regulation, individuals identified as green energy open-access consumers (GEOA) are eligible to […]

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International News

Afghanistan to import 1.8 TWh of electricity from Turkmenistan in 2024

January 19, 2024

The state-owned Da Afghanistan Breshna Sherkat (DABS) has signed an agreement with Turkmenistan’s Turkmenenergo State ElectricPower Corporation to import 1.8 TWh of electricity in 2024. Power will be supplied through four lines between Andkhoy, Akina, […]

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Private Sector

Inox Wind bags 50 MW contract for its 2 MW wind turbine

January 19, 2024

Inox Wind Limited has secured a letter of intent from NLC India Limited for 50 MW inter-state transmission system-connected wind energy project. To be set up on turnkey basis, the company will be responsible for […]

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State Sector

IFSC, IGX, and GSPC sign MoU for global hydrogen trading mechanism

January 19, 2024

The International Financial Services Centre (IFSC) has signed memorandum of understanding (MoUs) with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) to develop a mechanism for global hydrogen trading at Gujarat International […]

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Private Sector

JSW to invest Rs 90 billion to set up 1,500 MW pump storage project in Telangana

January 19, 2024

JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has unveiled plans to set up pumped storage project with a capacity of 1,500 MW, involving an investment of Rs 90 billion in Telangana. A […]

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Central Sector

MNRE introduces new scheme to enhance green ammonia production in India

January 19, 2024

The Ministry of New and Renewable Energy (MNRE) has introduced a new initiative for procuring green ammonia under “Mode-2A” of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, part of the National Green Hydrogen […]

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Central Sector

Cabinet approves equity investments by SECL and MCL for new TPPs

January 19, 2024

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal for equity investment by two Coal India Limited (CIL) subsidiaries for setting up two pithead thermal power plants (TPPs) of 2,260 MW. The total […]

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International News

Trina Solar’s rooftop project to be connected to the grid in Vietnam

January 18, 2024

Trina Solar has announced that its 12.6 MW rooftop project’s cell and module factory in Thai Nguyen province will be connected to the power grid in Vietnam. The project will deploy double-glass bifacial modules with […]

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Private Sector

KPI secures new order of 2 MW solar power plant under CPP segment

January 18, 2024

KPIG Energia Private Limited, a wholly owned subsidiary of  KPI Green Energy Limited, has secured new order of 2 MW for executing solar power project under captive power producer (CPP) segment of the company. The […]

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Central Sector

IREDA signs MoU with IOB tp co-finance renewable enrgy projects

January 18, 2024

Indian Renewable Energy Development Agency Limited (IREDA) and Indian Overseas Bank (IOB) have signed of a memorandum of understanding (MoU) for collaborative efforts in co-lending and loan syndication for a diverse spectrum of renewable energy […]

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State Sector

Telangana government and Adani Group sign four MoUs worth Rs 124 billion

January 18, 2024

Reportedly, Telangana government has announced the signing of four memorandum of understanding (MoUs) with the Adani Group for over Rs 124 billion. Adani Enterprises Limited (AEL) is set to contribute over Rs 50 billion towards […]

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Central Sector

PFCCL incorporates subsidiary named Pune -III Transmission

January 18, 2024

PFC Consulting Limited (PFCCL) has incorporated a special purpose vehicle  (SPV)  company as a wholly owned subsidiary, Pune- III Transmission Limited. The SPV has been incorporated for the development of “Transmission System for Evacuation of […]

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International News

ENDE invests BOB2,081 million in electrical projects in Bolivia in 2023

January 17, 2024

Bolivia’s state-owned power utility company, Empresa Nacional de Electricidad Corporation (ENDE), announced that it had executed a budget of BOB2,081 million, representing 83.5 per cent utilisation for projects in electrical energy generation, transmission, and distribution. […]

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Central Sector

SBI raises $250 million via green bonds

January 17, 2024

The State Bank of India (SBI) has completed the placement of $250 million senior unsecured green floating rate notes. The notes are set to mature on December 29, 2028, and have been listed on the […]

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