NTPC Limited has signed a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly own and operate the Chhabra thermal power plant. The 2,320 MW plant, currently managed by RVUNL, comprises four 250 MW units (Stage 1) and two 660 MW units (Stage 2). Under this 50:50 partnership, the joint venture aims to manage the plant’s operations and explore capacity expansion opportunities.
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
NTPC‘s board has approved investment proposals totalling approximately Rs 800 billion for thermal power projects with a combined capacity of 6,400 MW. The approved projects include: Telangana Super Thermal Power Project, Phase-II: 3×800 MW units at an estimated cost of Rs 293.44 billion. Gadarwara Super Thermal Power Project, Stage-II: 2×800 MW units at an estimated cost of Rs 204.45 billion. Nabinagar Super Thermal Power Project, Stage II: 3×800 MW units at an estimated cost of…
Apollo Green Energy is set to establish a 500 MW solar module plant within the next two to three years, aligning with India’s target to reach 500 GW of renewable capacity by 2030, up from the current 154 GW. The company, specializing in renewable projects, has an order book of Rs 35 billion (USD 416 million) and aims to expand it to Rs 100 billion within this financial year. The site for the plant is…
Solar Industries India has received an order worth Rs 8.87 billion from Singareni Collieries Company (SCCL) to supply SME explosives, LDC explosives, and initiating systems for overburden blasting over two years. This contract bolsters Solar Industries’ position in the mining explosives market and adds to its order book for the coming two years. SCCL, one of India’s largest coal producers, is a government-owned mining corporation under the Department of Energy, Government of Telangana.
The Indian Energy Exchange (IEX) reported a traded electricity volume of 9,642 million units (MU) in October 2024, marking a 4% year-on-year growth. IEX also traded 4.44 lakh renewable energy certificates (RECs) in October, a notable 105% increase from the previous year. India’s energy consumption for October reached 140.4 billion units (BUs), a 1% increase from the previous year, according to government data. The Market Clearing Price in the Day-Ahead Market (DAM) fell 39% year-on-year…
REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity with 3×500 MVA, 400/220kV and 1×1500 MVA, 765/400kV ICTs at…
India is overhauling its electricity demand forecasting approach to better align generation capacity with actual needs and support grid stability amid growing clean energy volumes. The Central Electricity Authority (CEA) is collaborating with weather agencies for enhanced environmental data and plans to increase forecast frequency, transitioning from assessments every five years to a two-year and eventually annual schedule, according to Chairperson Ghanshyam Prasad. Rising usage of intermittent solar and wind energy, combined with changing power…
The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore wind energy projects along the…
Airox Nigen has launched a 1 MW green hydrogen system in Russia, marking a significant step in its global expansion and commitment to environmental sustainability. This system, designed to produce hydrogen without greenhouse gas emissions, aligns with Airox Nigen’s strategy to strengthen its international presence and contribute to the global shift towards renewable energy. Through these installations, the company aims to reduce carbon footprints and support climate change mitigation efforts across diverse markets.