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Foxconn, Stellantis JV sets up R&D centre for auto semiconductors design

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Foxconn-backed SiliconAuto, a joint venture between Netherlands-based Stellantis and Hon Hai Technology Group (Foxconn), has set up a research and development (R&D) centre in Bengaluru. The new centre will focus on designing semiconductor products and developing system-on-chip solutions for the automotive sector, targeting electric vehicles (EVs), autonomous driving, and connected car technologies. Foxconn is also in the process of establishing an EV manufacturing plant and exploring battery production for EVs, reinforcing SiliconAuto’s commitment to India’s…

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CIL inks JVA with RRVUNL to set up a thermal power project

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Coal India Limited (CIL) has entered into a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 2×800 MW brownfield thermal power project at RRVUNL’s existing Kalisindh thermal power station. Under the agreement, CIL will hold a 74% stake in the joint venture company (JVC), while RRVUNL will hold the remaining 26%. The JVC will be established as a private limited company with an initial paid-up capital of Rs…

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Cabinet approves two green hydrogen units in Mumbai Metropolitan Region

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The State Cabinet has approved the establishment of two green hydrogen production units in the Mumbai Metropolitan Region (MMR), with a production capacity ranging from 10 to 15 kilo tonne per annum (KTPA). These units will be selected as anchor projects, in line with the 2023 Government Resolution, which defines an anchor unit as one of the first three commissioned green hydrogen projects with a minimum capacity of 50 KTPA. Green hydrogen has versatile applications,…

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Sekura Energy acquires 350 MW solar assets from O2 Power for Rs 20 billion

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Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350 MW of operational solar assets from O2 Power in Madhya Pradesh for Rs 20 billion. These assets were developed under the Rewa Ultra Mega Solar (RUMSL) initiative, a joint venture between Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam (MPUVNL). Petronas-owned Gentari was also in contention for the acquisition. In 2021, Beempow Energy, a subsidiary of O2 Power, secured…

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KEC International wins new orders worth Rs 10.03 billion

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KEC International has won new orders worth Rs 10.03 billion across its railways, civil works, and cables segments. The company’s railways division secured a contract for a tunnel ventilation system and related works in India. Additionally, KEC received an order for civil and mechanical work at a steel plant in the country. The cables business also secured contracts for the supply of various types of cables, both domestically and internationally. 70% of this year’s order…

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Surana Solar wins 54 MW solar project in Maharashtra

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Surana Solar Limited has been awarded a letter of award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 54 MW solar photovoltaic project in Maharashtra. The project falls under the Mukhyamantri Saur Krushi Vahini Yojna 2.0, which aims to implement solar energy at the feeder level under Component C of the PM-KUSUM Scheme. The project will operate at a tariff rate of Rs 2.99 per kWh, with a subsidy of…

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NHPC issues tender for 1.2 GW ISTS-connected solar + energy storage system

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NHPC has launched a tender for 1.2 GW of Inter-State Transmission System (ISTS)-connected solar power projects, including a 600 MW/12,000 MWh energy storage system (ESS). The tender also includes a greenshoe option for an additional 1.2 GW capacity. The deadline for bid submissions is October 18, with the project expected to be completed within 24 to 30 months from the signing of the power purchase agreement (PPA). The project, to be developed on a build-own-operate…

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National Electricity Plan – 2032 finalized, outlay pegged at over Rs 9 trillion

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Union power minister Manohar Lal announced the finalization of the National Electricity Plan (NEP) for the period 2023 to 2032 at a press conference in New Delhi on September 23, 2024. The NEP aims to develop central and state transmission systems to meet the projected peak power demand of 458 GW by 2032, with a total project outlay of Rs 9 trillion. Key highlights of NEP 2032 include the expansion of the transmission network from…

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L&T wins power transmission and distribution contracts in Middle East

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The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has secured significant orders in the Middle East to expand and strengthen electricity grids at high voltage levels. While the exact value of these contracts was not disclosed, the aggregate worth is estimated between Rs 100 billion and Rs 150 billion. In Saudi Arabia, L&T will establish ±500kV HVDC transmission links to interconnect different regions within the national electricity network, improving system resilience…

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Power minister inaugurates CSIRT-Power facility for cybersecurity

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Union power minister Manohar Lal inaugurated the new Computer Security Incident Response Team – Power (CSIRT-Power) facility in New Delhi on September 23, 2024. The establishment of CSIRT-Power, a collaborative effort between the Ministry of Power and CERT-In, is part of the 100-day initiatives under the National Cyber Security Policy. Equipped with state-of-the-art tools and resources, the facility will act as a dedicated cybersecurity response team for the power sector, focusing on detecting and responding…