Gensol Engineering has been declared the lowest bidder (L1) for a green hydrogen project in Uttar Pradesh, with a bid value of Rs 1.64 billion. The tender, floated by NTPC, involves the generation of green hydrogen using plasma gasification technology from municipal solid waste (MSW) and refuse-derived fuel (RDF) or agricultural waste. The project will be executed at NTPC’s Netra facility in Greater Noida.
Patel Engineering has entered into a memorandum of understanding (MoU) with Rail Vikas Nigam Limited (RVNL) to form a partnership to execute hydro and other infrastructure projects in India and internationally. The MoU allows Patel Engineering and RVNL to explore opportunities to work together in various capacities, with the flexibility to participate in tenders and project bids jointly or separately. When bidding together, both entities will coordinate on bidding strategies, structures, and terms to ensure…
Indian High Commissioner Santosh Jha has handed over the first payment for hybrid power projects on the Sri Lankan islands of Delft, Nainativu, and Analaitivu, located off the northern coast of Jaffna. These projects, funded by an $11 million Indian grant, aim to install a hybrid renewable energy system to meet the energy needs of these islands, which are not connected to Sri Lanka’s national grid. The projects are being carried out in collaboration with…
NTPC Limited is planning an expansion into nuclear energy by establishing NTPC Nuclear Power Company, a 100% subsidiary. The company is exploring sites in multiple states for new nuclear units as part of its strategy to achieve a carbon-neutral economy, integrating renewables, nuclear power, green hydrogen, green mobility, energy storage, and waste-to-energy, with low-emission thermal power at its core. NTPC’s first nuclear project, in collaboration with Nuclear Power Corporation of India Limited (NPCIL), will be…
JSW Energy’s subsidiary, JSW Neo Energy, has received a Letter of Award for an additional 400 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). This capacity was secured through a greenshoe option, bringing JSW Neo’s total capacity under MSEDCL’s Phase-III auction to 600 MW. JSW Energy now has a total locked-in generation capacity of 17.6 GW, which includes 7.5 GW of operational projects and 2.3 GW of under-construction projects across…
The Indian Renewable Energy Development Agency Limited (IREDA) has received in-principle approval from its Board of Directors to raise up to Rs 45 billion in equity capital. The funds will be raised in one or more tranches through methods such as Further Public Offer (FPO), Qualified Institutional Placement (QIP), Rights Issue, or Preferential Issue. The exact number of securities to be issued will be determined later, pending approval from the Government of India and other…
The Indian Renewable Energy Development Agency (IREDA) has received an international credit rating from S&P Global Ratings Limited, achieving a ‘BBB-’ long-term and ‘A-3’ short-term issuer credit rating. The outlook for IREDA has been designated as ‘Stable’. This rating will facilitate IREDA’s access to funding and support its expansion into international markets. In July 2024, IREDA announced plans to invest approximately Rs 2.9 billion in a 900 MW hydroelectric power project in Nepal. Earlier, in…
State-owned NTPC has announced the commissioning of 160 MW capacity of the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan. With this commissioning, NTPC’s total installed and commercial capacity has increased to 76,294 MW. NTPC REL, a step-down subsidiary of NTPC Ltd through its wholly owned subsidiary NTPC Green Energy Ltd, has commenced commercial operations of the new capacity, effective from August 28, according to a regulatory filing by the company.
India added 1.1 GW of rooftop solar capacity from January to June 2024, a 26% increase from the 873 MW added in the same period last year, according to a report by US-based research firm Mercom Capital. The report, titled “India Rooftop Solar Market,” highlighted that 731 MW of rooftop solar was installed in the second quarter of 2024, representing an 89% increase from 388 MW year-on-year. As of June, India’s total rooftop solar capacity…
India Grid Trust (IndiGrid) has launched a preferential share issue priced at Rs 136.43 per share, aiming to raise approximately Rs 6.95 billion. This move comes after the completion of an offer-for-sale (OFS) by its sponsor, KKR, which saw strong demand from both existing and new long-term investors. The OFS, designed to reduce KKR’s stake from 21.17% to 3.85%, was nearly two times oversubscribed. The offering attracted participation from major institutional investors, including L&T, HSBC…
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