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Energiekontor secures permits for 116 MW wind park projects in Germany

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German solar and wind park developer Energiekontor has obtained building permits for three wind park projects in Lower Saxony, Germany, with a combined generation capacity of approximately 116MW. Construction on these projects is set to begin shortly and they are expected to participate in the upcoming EEG (Renewable Energy Sources Act) tender by the Federal Network Agency in November 2024. In addition to these new projects, Energiekontor is preparing for the financial close of several…

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Poland commits $1.2 billion to kickstart first nuclear power plant project

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Poland has allocated 4.6 billion zloty ($1.2 billion) from its 2025 budget to begin developing the country’s first nuclear power plant, aiming to diversify its energy mix and lower electricity costs.   The initial funding marks the largest investment in Poland’s history, with the government projecting around 60 billion zloty needed for the 2025-2030 phase. The US will provide additional funding and technology for the project. The plant, expected to be located near the Baltic Sea,…

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KEPCO announces compensation details for East-5 section of 500 kV HVDC East Coast─Singapyeong transmission line

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South Korea’s Korea Electric Power Corporation (KEPCO) has outlined the compensation agreement for the East-5 section of its 500 kV HVDC East Coast─Singapyeong transmission line. This major project will enable the evacuation of 6.8 GW of power from various thermal plants, including Samcheok. The project involves constructing 225 km of transmission lines, divided into 11 sections, and includes building 440 transmission towers. The western section spans approximately 85 km, covering areas from Hoengseong to Hongcheon,…

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Explainer: Nepal transforms from electricity importer to exporter of India

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Nepal, once plagued by frequent blackouts, has transformed into a significant electricity exporter to India. The country is set to supply an additional 251 megawatts (MW) of power to India, mainly through Bihar, due to a medium-term sales agreement involving 12 hydropower projects. This will increase Nepal’s total power exports to India to 941 MW, enough to power nearly 190,000 homes for an entire year. This transformation was set in motion by the Power Trading…

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India’s industrial sector sees surge in natural gas consumption: IEEFA 

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India’s natural gas consumption has rebounded significantly from the post-COVID-19 slump, with small-to-medium scale industries leading the charge. According to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA), sectors such as tea plantations, manufacturing, liquefied petroleum gas (LPG) shrinkage, and sponge iron have driven this resurgence. Although the power sector has seen an increase in gas use for peak demand over the past two fiscal years, it has not yet…

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BHEL secures Rs 110 billion orders from Adani Power

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Bharat Heavy Electricals Ltd (BHEL) has secured three major orders from Adani Power Ltd and its subsidiary Mahan Energen Ltd to supply main plant equipment, including boilers, turbines, and generators, and oversee the erection and commissioning of three upcoming supercritical coal-based power projects. The total value of these orders exceeds Rs 110 billion, excluding GST. The projects awarded to BHEL are: Kawai (Phase-II), 2×800-MW, Rajasthan Kawai (Phase-III), 2×800-MW, Rajasthan Mahan (Phase-III), 2×800-MW, Madhya Pradesh The…

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UJVN invites bids for Rs 2.66 billion Tiuni Plasu hydroelectric project in Uttarakhand

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UJVN Ltd has invited bids for the construction of a barrage intake and related works, including river diversion, for the 72 MW Tiuni Plasu hydroelectric project (HEP) on the Tons River in Dehradun district, Uttarakhand. This contract is valued at Rs 1.34 billion. Additionally, bids are invited for the head race tunnel adits surge shaft excavation and penstock works for the HEP, valued at Rs 1.32 billion. The bid submission deadline for both contracts is…

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Mumbai Urja Marg to inaugrate 2,000 MW transmission line

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The Mumbai Urja Marg, an inter-state transmission system project initiated by the Ministry of Power, is ready for formal inauguration, aiming to deliver an additional 2,000 MW of power across the Mumbai Metropolitan Region. The 90-km Padgha-Kharghar transmission line, developed by Sterlite Power, is expected to significantly enhance the region’s power supply, supporting infrastructure growth and improving the quality of life. The project, discussed in various meetings since 2016 and awarded through tariff-based competitive bidding…

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Plan to deploy 40-50 small modular nuclear reactors

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India is planning to deploy 40-50 small modular nuclear reactors (SMRs) to replace captive thermal power plants as part of its strategy to achieve net-zero emissions by 2070. These 220-MWe Pressurised Heavy Water Reactors (PHWRs) are being redesigned using modern 3D design platforms to ensure high standardisation and ease of deployment, particularly in industries like steel, aluminium, copper, and cement. The Department of Atomic Energy, in collaboration with Tata Consulting Engineers, is spearheading the redesign…

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Hero Motors files for Rs 9 billion IPO 

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Hero Motors, part of the Hero Motors Company (HMC) Group, has filed with SEBI to raise Rs 9 billion through an IPO. The offer includes Rs 5 billion in new shares and Rs 4 billion through an offer-for-sale by promoters. Promoter O P Munjal Holdings will sell shares worth Rs 2.5 billion, and Bhagyoday Investments and Hero Cycles will each sell shares worth Rs 750 million. The company may also conduct a pre-IPO placement of…