The Ministry of Power (MoP) has revised the provision of budgetary support for hydroelectric and Pumped Storage Projects (PSPs), allocating Rs 124.6 billion from FY 2024–25 to 2031–32 to support 31 GW of hydroelectric capacity, including 15 GW from PSPs. The support is capped at Rs 10 million/MW for projects up to 200 MW, and Rs 2 billion plus Rs 7.5 million/MW for projects exceeding 200 MW, with an increase to Rs 15 million/MW for…
The Indian Council of Medical Research (ICMR) has signed a Memorandum of Understanding (MoU) with NTPC Vidyut Vyapar Nigam (NVVN) to harness solar power for its institutes across India. This initiative aligns with the Prime Minister’s “Atmanirbhar Bharat” vision and supports India’s renewable energy goals. NVVN will install, test, and maintain rooftop solar panels at 15 ICMR institutes, with a total capacity of 4,559 KW. The project includes a 25-year Power Purchase Agreement (PPA) offering…
SolarfiX India has signed an agreement with Japan-based Kanemasa to develop 10 GW of solar module capacity in India by 2030. The capacity will be rolled out in phases across states such as Uttar Pradesh, Maharashtra, Tamil Nadu, and Rajasthan. Kanemasa will act as the technology partner, providing advanced solar tracker systems to optimize energy generation. The memorandum of understanding was signed at the Renewable Energy India (REI) Expo 2024. SolarfiX CEO Anket Kapoor highlighted…
Meja Urja Nigam Pvt Ltd (MUNPL), a 50:50 joint venture between NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), has paid its first-ever dividend of Rs 510 million each to its parent companies. MUNPL’s Chairman K. Shanmugha Sundaram, CEO Kamlesh Soni, and CFO Amit Rautela presented the dividend cheque to NTPC CMD Gurdeep Singh in the national capital. A similar cheque will be presented to UPRVUNL management next week. MUNPL reported a…
Greenzo Energy, India’s indigenous alkaline electrolyzer manufacturer, has signed a Memorandum of Understanding (MoU) with RBM Infracon Limited to establish green hydrogen facilities with a combined capacity of 15 MW across Jamnagar, Kutch, and Bhuj in Gujarat. The project will see an investment of Rs 2 billion and will begin in the fourth quarter of FY 2024-25, rolling out in phases over 18 months. Greenzo Energy will manage the design, engineering, and commissioning of the…
The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan to scale green finance and develop the blue finance market in India. The funds will be used for projects such as offshore renewable energy and water waste management, as well as to enhance financing for climate projects, with a focus on green buildings aimed at mitigating climate change and generating employment. In June 2024, IFC also committed $105 million…
The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. According to the draft, the charges for injecting infirm power will be zero, unless scheduled after a trial run as per the Grid Code. In such cases, deviation charges will apply to general or WS sellers. Additionally, if the system frequency exceeds 50.05Hz, any deviation of scheduled infirm power by over-injection will incur zero…
The Ministry of Power (MoP) has established a price benchmark of Rs 2.32 per 1000 kcal for biomass pellets, effective from September 1, 2023, to encourage biomass use in thermal power generation within the National Capital Region (NCR). This move supports India’s environmental and energy diversification goals. The pricing applies to non-torrefied biomass pellets with moisture content below 14% and a gross calorific value of 2800-3400 kcal per kg, as determined by the Price Benchmarking…
The Ministry of Power (MoP) has released guidelines for the installation and operation of battery swapping and charging stations. These guidelines apply to swappable battery providers and operators of battery charging and swapping stations. The primary objectives are to promote battery swapping as an alternative to electric vehicle (EV) charging, encourage battery-as-a-service models, and develop a strong battery-swapping ecosystem. Operators can use existing electricity connections for charging swappable batteries, with or without increasing the connected…
The Centrally-funded “Comprehensive Scheme for Transmission and Distribution (T&D) System in Arunachal Pradesh & Sikkim” is set to be fully commissioned by March 2025, with 62% of the project completed as of August 31, 2024. The project involves 294 elements, including transmission lines and substations. While Sikkim has completed 41 of 55 elements, Arunachal Pradesh has commissioned 141 of 239 elements. Challenges remain in transmission line construction, with only 1,029 ckm of the planned 4,241…
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