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Home2024

Year: 2024

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International News

Kenya’s KETRACO publishes 2023-27 strategic plan worth USD2.7 billion

January 8, 2024

The state-owned Kenya Electricity Transmission Company Limited (KETRACO) has unveiled its 2023-27 Strategic Plan, revealing ambitious initiatives to construct 4,600 km of high voltage transmission lines and 36 high voltage substations nationwide. Since its establishment […]

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Central Sector

RHPCL secures 40 year PPA with Rajasthan Urja Vikas and IT Services

January 8, 2024

Ratle Hydro Electric Power Corporation Limited (RHPCL), a joint venture of NHPC Limited and Jammu and Kashmir State Power Development Corporation (JKSPDC), has entered into a power purchase agreement (PPA) with Rajasthan Urja Vikas and […]

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Central Sector

REC and BoB joins hands to finance power, infrastructure and logistics projects

January 8, 2024

REC Limited has entered into a memorandum of understanding (MoU) with Bank of Baroda (BoB), aiming to collaboratively sanction loans for power, infrastructure, and logistics projects across the country over the next three years. Recognising […]

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State Sector

RECPDCL signs MoU with Gujarat govternment for smart metering project

January 8, 2024

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has signed a memorandum of understanding (MoU) with the Gujarat government amounting to Rs 20.94 billion for the implementation of the […]

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Central Sector

NHPC inks MoU with GPCL for investment in 750 MW Kuppa pumped hydro storage project

January 8, 2024

NHPC Limited has entered into a memorandum of understanding (MoU) with Gujarat Power Corporation Limited (GPCL) for a substantial investment in the proposed 750 MW Kuppa pumped hydro storage project. NHPC commits an estimated Rs […]

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Central Sector

India and Nepal sign pact for 10,000 MW electricity export

January 8, 2024

In a significant development, India and Nepal have signed a long-term agreement for the export of 10,000 MW of power to India over the next decade. The agreement, signed during the seventh meeting of the […]

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Power Data

Power Generation: Total power generation in October 2023

January 5, 2024

Total power generation stood at 148.4 BUs in October 2023. At around 49.7 BUs and 42.77 BUs, the central and private sectors respectively accounted for the major shares in conventional power generation. Meanwhile, renewable energy […]

Power Data

Project Update: Recently commissioned and under-construction projects

January 5, 2024
Power Trading

Power Trading: At the Indian Energy Exchange, Power Exchange India Limited and Hindustan Power Exchange in November 2023

January 5, 2024

The electricity traded in the day-ahead market in November 2023 was 5,196.15 MUs at the IEX, 3.12 MUs at PXIL and 2.15 MUs at the HPX. The average market clearing price range was Rs 2.70 […]

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Private Sector

Torrent Power incorporates wholly-owned subsidiary Torrent Green Hydrogen

January 5, 2024

Torrent Power Limited has incorporated a wholly-owned subsidiary, Torrent Green Hydrogen Private Limited (TGHPL). TGHPL has been incorporated to engage in various activities related to hydrogen and its derivatives. These activities include manufacturing, assembling, purchasing, […]

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Private Sector

KP Energy wins contract for setting up 86.1 MW wind power projects in Gujarat

January 5, 2024

KP Energy Limited won a contract from ABREL EPC Limited, an Aditya Birla group company for balance of plant package for installation of 2X model wind turbine generators for setting up 86.1 MW wind power […]

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International News

JERA initiates operations of Yokosuka coal-fired power station

January 5, 2024

JERA Co., Inc. (JERA) has started the operational activities of Unit 2 at the Yokosuka thermal power station, a coal-fired facility located in Kurihama, Kanagawa Prefecture. The power station underwent an upgrade led by JERA […]

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Private Sector

Gensol secures contract from SEML for 33 MW AC solar installation in Chhattisgarh

January 5, 2024

Gensol Engineering Limited has been awarded a contract for a 33 MW AC solar power project by Sarda Energy and Minerals Limited (SEML). The order value of this project is pegged at Rs 1.39 billion […]

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Private Sector

Kundan Green Energy to develop Sikkim’s Myong Chu projects

January 5, 2024

Kundan Green Energy Limited has received approval from the Government of Sikkim to initiate the establishment of two run-of-the-river hydropower projects at Upper Myong Chu and Lower Myong Chu. The project involve a total investment […]

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Private Sector

Torrent Power signs four MoUs worth Rs 473.5 billion with GEDA

January 5, 2024

Torrent Power Limited has signed four non-binding memorandums of understanding (MoUs) with the Government of Gujarat under the 10th edition of Vibrant Gujarat Global Summit. The MoUs were signed between Torrent Power and Gujarat Energy […]

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State Sector

PFC signs MoU with Gujarat government for various power projects worth Rs 250 billion

January 5, 2024

Power Finance Corporation Limited (PFC) has signed an memorandum of understanding (MoU) with the Government of Gujarat to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects. The MoU marks a significant […]

Specials

COP28 Takeaways: Global Stocktake outlines strategies to close implementation gaps by 2030

January 4, 2024

The 28th Conference of Parties (COP28), held in Dubai, UAE, from November 30, 2023 to December 12, 2023, had a couple of firsts to its credit. The first-ever Global Stocktake (GST), wh­i­ch was conducted at […]

Renewables

Analysing Grid Events: Report on transmission system faults leading to renewable energy loss

January 4, 2024

The increasing integration of wind and solar power into the Indian electricity grid poses challenges for reliable operations. Grid events broadly caused by transmission system faults external to or within a renewable energy plant, transmission […]

Specials

Carbon Credit Trading: Guidelines for an integrated market compliance mechanism

January 4, 2024

The Ministry of Power has initiated the development of the “Indian Carbon Market” (ICM) under the purview of the Energy Conservation Act (2001) and the Environment (Protec­ti­on) Act, 1986, to further its achievement of Nationally […]

Specials

EU Grid Action Plan: Connecting missing links in the clean energy transition

January 4, 2024

Europe is pursuing one of the world’s most ambitious climate and energy goals. To help deliver the objectives of the European Commission’s (EC) European Green Deal of carbon neutrality by 2050; REPowerEU Plan to end […]

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