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Maharashtra allocates Rs 100 billion for Solar Agriculture Feeder Program 2.0

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The Maharashtra government has allocated Rs 100 billion to the Chief Minister’s Solar Agriculture Feeder Program 2.0, aiming to provide round-the-clock electricity to agricultural pumps and increase the state’s solar energy capacity to 16,000 MW by 2025. Of this capacity, 9,000 MW will be dedicated to solar projects, with the remaining allocated to decentralized solar capacity. The state will provide financial assistance of up to 30% for solar power generation capacity, alongside various incentives to…

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GUVNL issues tender for 400 MW battery energy storage system

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Gujarat Urja Vikas Nigam (GUVNL) has issued a tender for the establishment of a 400 MW/800 MWh standalone battery energy storage system (BESS), with an additional greenshoe option for the same capacity. The deadline for bid submissions is October 16, 2024. The tender scope includes the setup of the BESS and its interconnection with the state transmission network. The primary goal is to ensure that the energy storage facility can be charged and discharged by…

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Coal India invites bids for solar project at Khavda solar park

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Coal India Limited (CIL) has issued a tender inviting bids to develop a grid-connected ground-mounted solar project at the Khavda Solar Park in Gujarat. The last date for bid submission is September 23, 2024. The tender scope includes the design, engineering, procurement, supply of equipment and materials, erection, testing, and commissioning of the project. It also covers the supply, packaging, forwarding, and transportation of photovoltaic modules to the Khavda Solar Park. Bidders are required to…

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94% of Indian consumers equipped with electric meters, reports CEA

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As of 31st March 2024, 94.29% of India’s 341.8 million consumers are equipped with electric meters, according to a report by the Central Electricity Authority (CEA). Of these consumers, 273 million are domestic users, 30.8 million are commercial users, and 27.7 million are agricultural users. Urban consumer metering is at 97.73%, with 135 million urban consumers metered, while rural metering has reached 91.94%, covering 187 million rural consumers. The report details that 99.25% of the…

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Massive potential in electrification transition to reduce energy use and costs: IEEFA 

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The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report highlighting the significant benefits of transitioning to efficient electrification. The report outlines how adopting efficient electric appliances could drastically reduce energy consumption, cut costs for households, and support broader energy security and emissions reduction goals. The report reveals that many households still use inefficient appliances, leading to higher energy consumption and expenses. By switching to efficient electric appliances, electricity demand in many…

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PGCIL to implement two interstate transmission projects worth Rs 4.2 billion

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Power Grid Corporation of India Ltd (PGCIL) has been nominated to execute two interstate transmission system (ISTS) projects under the regulated tariff mechanism (RTM) route, with a total investment of Rs 4.2 billion. The National Committee on Transmission (NCT) approved these projects during its meeting on August 23, 2024. The first project, the Eastern Region Expansion Scheme – 43 (ERES-43), has a budget of Rs 3.10 billion and an implementation period of 18 months, with…

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Adani Green and TotalEnergies to form joint venture with $444 million investment

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India’s Adani Green Energy announced that its board has approved agreements for a TotalEnergies affiliate to invest $444 million in a new joint venture with the company. This follows a previous $300 million deal between Adani Green and the French oil major to expand renewable energy capacity in India, where coal remains the primary energy source. The joint venture will include Adani Green, Adani Renewable Energy Sixty Four, and TotalEnergies Renewables Singapore, with each company…

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India to lead global bio-manufacturing revolution, says Jitendra Singh

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Union Minister Jitendra Singh stated that bio-manufacturing will shape the future of the global economy, and India, with its abundant bio-resources, is well-positioned to lead this revolution. Singh emphasized that, while the West led the IT revolution, India has the potential to spearhead the next big shift in bio-manufacturing. Singh pointed out that bio-manufacturing offers solutions to global challenges such as climate change, resource depletion, waste generation, and pollution. It can help meet the increasing…

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Union Cabinet approves new semiconductor unit in Gujarat

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The Union Cabinet has approved the establishment of a new semiconductor unit by Kaynes Semicon Pvt Ltd in Sanand, Gujarat. This facility will be India’s fifth semiconductor plant. The planned investment for the unit is Rs 33 billion, and it will have the capacity to produce 6 million chips per day. These chips will serve various industries, including automotive, electric vehicles, consumer electronics, telecom, and mobile phones. This initiative aligns with the Programme for Development…

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IREDA Chairman calls for Green Taxonomy and lower borrowing costs

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Shri Pradip Kumar Das, Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), emphasized the agency’s commitment to reducing borrowing costs and improving the bankability of India’s renewable energy sector at the CII Financing 3.0 Summit in Mumbai. He stressed the importance of a Green Taxonomy in accelerating the growth of India’s green energy initiatives. During his address on “Green Financing, Climate Risks and Sustainable Taxonomy: Way Forward,” Shri Das highlighted…