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REC forms eight SPVs for interstate transmission projects

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The board of REC Ltd has approved the establishment of eight special purpose vehicles (SPVs) for the development of interstate transmission system (ISTS) schemes. In a stock exchange filing, REC stated that the board, during a meeting on September 30, 2024, authorized the formation of these SPVs as wholly-owned subsidiaries of REC Power Development & Consultancy Ltd (RECPDCL), which is itself a wholly-owned subsidiary of REC Ltd. These SPVs will serve as shell companies for…

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NLC commissions 10 MW solar power plant in Neyveli

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NLC India Limited (NLCIL) has commissioned a 10 MW solar photovoltaic (PV) power plant in Neyveli.  The company aims to achieve 10 GW of renewable energy capacity by 2030 and currently holds a total renewable energy capacity of 1,380 MW from solar and 51 MW from wind power. To support this goal, NLCIL has established two subsidiaries: NLC India Renewables Limited for asset monetization and NLC India Green Energy Limited for clean energy initiatives. With…

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HPCL invites bids for three floating solar projects in Rajasthan, Andhra Pradesh

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HPCL Renewable and Green Energy (HPRGE), a subsidiary of Hindustan Petroleum Corporation (HPCL), has issued a tender for the engineering, procurement, and construction (EPC) of three floating solar projects. The projects include a 9 MW solar installation in Jaisalmer, a 14 MW project in Balotra, both in Rajasthan and a 2 MW project in Visakhapatnam, Andhra Pradesh. The deadline for bid submissions is October 15, 2024. The selected contractor will manage the operation and maintenance…

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NHPC-APGENCO to set up JV for 1.8 GW Pumped Storage Projects

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NHPC and Andhra Pradesh Power Generation Corporation (APGENCO) have formed a joint venture to develop pumped hydro storage (PSP) projects and renewable energy initiatives. The venture will progress in phases to allow for future project identification and implementation. The first phase will focus on two PSPs: Yaganti PSP with a capacity of 1,000 MW and Rajupalem PSP with 800 MW. The JV will be equally owned by NHPC and APGENCO, starting with an initial paid-up…

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MNRE increases ALMM solar module capacity by 2 GW

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The Ministry of New and Renewable Energy (MNRE) has increased the solar module capacity on the Approved List of Models and Manufacturers (ALMM) by 2,084 MW, bringing the total to 56.5 GW.  New entrants include Junna Solar System (94 MW), Sun N Sand Exim (69 MW), and Powertrac Solar Projects (47 MW). Waaree Energies, RenewSys India, and Goldi Solar expanded their capacities by 1,144 MW, 495 MW, and 235 MW, respectively. Sunbond Energy, with a…

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NTPC Green signs MoU with Rajasthan for 25 GW RE project

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NTPC Green Energy (NGEL), a subsidiary of NTPC Ltd, has signed a memorandum of understanding (MoU) with the Rajasthan government for a 25 GW renewable energy project.  The MoU was signed on 30 September 2024 during the Rising Rajasthan Investor Meet in Delhi, in the presence of Rajasthan Chief Minister Bhajanlal Sharma. Senior officials from both the Government of Rajasthan and NGEL also attended the event.

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Greenzo gets hydrogen project from TANGEDCO

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Greenzo Energy has won a hydrogen project awarded by Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for the 2×660 MW Ennore SEZ Supercritical Thermal Power Plant.  The project involves establishing a hydrogen generation plant with a capacity of 20 normal cubic meters per hour, contributing to India’s Green Hydrogen Mission. Scheduled for completion within 18 months, the electrolysers will be designed and manufactured at Greenzo’s facility in Sanand, Gujarat.  With this order, Greenzo Energy’s total…

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Tata Power signs Rs 1.2 trillion pact with Rajasthan

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Tata Power has signed an MoU with the Rajasthan government, committing Rs 1.2 trillion to the state’s power sector, including Rs 750 billion in green energy.  The agreement, formalized at the ‘Rising Rajasthan’ Investor Meet on 30 September 2024, outlines a 10-year plan to transform Rajasthan into a power surplus state with 24/7 clean and reliable energy. The investment will focus on renewable energy, transmission, distribution, nuclear power, EV charging, and rooftop installations.  Key allocations…

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West Bengal Cabinet approves 660-MW supercritical plant

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On 30 September 2024, the West Bengal Cabinet approved establishing a 660-MW supercritical power plant at Sagardighi in Murshidabad district. Power Minister Arup Biswas announced that 95% of the work on the plant has been completed, with plans to finish by March 2025.  The Cabinet also approved the construction of five additional power plants and a new 1,600 MW plant, which will follow a PPP model with a global tender. Additionally, the Cabinet allowed 32.43…

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Solex Energy to invest Rs 80 billion in new solar cell facility by 2030

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Solex Energy plans to invest Rs 80 billion by 2030 to establish a new solar cell manufacturing facility with an initial capacity of 2 GW, scalable up to 5 GW. The company will also increase its module manufacturing capacity from 1.5 GW to 15 GW.  The facility will incorporate N-Type TOPcon technology with a rectangular cell design. Solex’s new Tapi-R series, optimized for large-scale solar projects in harsh environments, offers a bifacial rate of 80%…