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CCEA approves Rs 57.92 billion for SJVN’s 669 MW Lower Arun HEP

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The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 57.92 billion for SJVN Limited’s 669 MW Lower Arun hydroelectric project (HEP) in Nepal’s Sankhuwasabha district, with a tariff set at Rs 4.99 per unit. The CCEA also granted retroactive approval for the creation of a special purpose vehicle (SPV) and approved an equity investment of Rs 17.37 billion in SJVN Lower Arun Power Development Company Private Limited. The project will utilize…

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SECI Tranche XVI auction results: 500 MW of solar projects awarded

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The Solar Energy Corporation of India Limited (SECI) has announced the results of its Tranche XVI auction to develop 1.2 GW of inter-state transmission system (ISTS) connected solar projects across India. The auction, which was issued in May 2024, awarded a total of 500 MW of capacity. Sustainable and Affordable Energy for Life (SAEL) Industries Limited and NTPC Limited secured 250 MW and 200 MW respectively, both at a tariff of Rs 2.48 per kWh….

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Grasim acquires stakes in SPVs for solar power development at Karnataka and Tamil Nadu plants

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Grasim Industries Limited has acquired 26% equity stakes in two special purpose vehicles (SPVs), AMPIN Energy C&I Three Private Limited and AMPIN Energy C&I One Private Limited, to develop solar power facilities at its plants in Chamarajanagar, Karnataka, and Cheyyar, Tamil Nadu. Grasim Industries will invest up to Rs 12 million for the Chamarajanagar plant and Rs 12.6 million for the Cheyyar plant. Each SPV will develop a captive solar power generation facility with a…

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Thirteen companies shortlisted for subsidies under SIGHT scheme for green hydrogen electrolysers

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Thirteen companies, including Adani Enterprises, Waaree Energies, Ohmium Operations, and Avaada Electrolysers, have been shortlisted to receive subsidies under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. This scheme, part of the National Green Hydrogen Mission, aims to promote the manufacturing of electrolysers in India. The SIGHT scheme has a total outlay of Rs 174.9 billion, with Rs 22 billion allocated for this second tranche. The Solar Energy Corporation of…

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Genus Power secures Rs 29.25 billion contracts for Advanced Metering Infrastructure

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Genus Power Infrastructures, through its wholly-owned subsidiary, has secured three Letters of Award (LoAs) totalling Rs 29.25 billion. The contracts are for the provision of Advanced Metering Infrastructure (AMI) on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis. The scope of work includes designing an AMI system, along with the supply, installation, and commissioning of approximately 3.75 million Smart Prepaid Meters and system meters, including Distribution Transformer (DT) meters. The project also includes…

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TVS Motor targets global expansion of electric two-wheelers, sees India as key export hub

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TVS Motor Company plans to boost sales of its electric vehicles in both developed and developing markets, betting on India’s potential to become a major export hub for electric two-wheelers. The company aims to leverage its facility in Indonesia to serve nearby ASEAN markets, where it began selling its electric scooter, the TVS iQube, last year. In the first quarter of the current fiscal year, TVS sold 52,000 electric two-wheelers, up from 39,000 units in…

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Adani in talks to acquire 600 MW Butibori thermal project from Reliance 

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Adani Power Ltd is in advanced discussions to acquire the 600 MW Butibori thermal power project in Nagpur, previously owned by the now-insolvent Reliance Power Ltd, according to a report by Mint. The deal is expected to be valued between Rs 24 billion and Rs 30 billion, which translates to approximately Rs 4 crore to Rs 5 crore per MW. The Butibori project, operated by Vidarbha Industries Power Ltd, a subsidiary of Reliance Power, has…

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UP government approves Rs 18 billion solar power project along Bundelkhand Expressway

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The Uttar Pradesh government has approved a Rs 18 billion plan to install 450 MW solar power plants along both sides of the 296-km Bundelkhand Expressway. The Global Energy Alliance for People and Planet (GEAPP) conducted the study, estimating the project cost and projecting electricity rates at Rs 4 to Rs 4.50 per unit. GEAPP’s detailed project report has been approved by the state, and the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) will soon…

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Solar energy transforms brick kilns in Uttar Pradesh 

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In western Uttar Pradesh, brick kilns in villages like Kodiaganj, Pilakhana, and Akrabad are increasingly adopting solar energy, marking a shift from coal to cleaner power sources. Eight brick kilns in Aligarh district have already installed solar panels to meet their electricity needs, a small but significant step in the district’s 555 kilns. Brick kiln owner Om Prakash Sharma, who invested Rs 0.7 million in 16 solar panels, reports monthly savings of Rs 50,000. The…

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MSEDCL to solarize villages across Maharashtra 

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The Maharashtra State Electricity Distribution Company (MSEDCL) has unveiled an ambitious plan to provide up to 100% solar-powered electricity to two villages in each district within the next two months.   Manyachiwadi in Patan Taluka, Satara district, will be the first village to benefit, becoming a ‘solar village’ with maximum solar-powered electricity. Over 70 other villages across Maharashtra will follow, with a focus on rooftop solar power generation. The government will offer subsidies to help residents…