Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers. The project, awarded on November 5, 2024, is expected to be completed within 12 months.
Central Transmission Utility India Limited (CTUIL) has invited bids in six packages to appoint independent engineers for six major transmission projects. The projects include: Transmission System for Evacuation of Power from Renewable Energy zones in Khavda, Gujarat, under Phase-IV (7 GW capacity): Parts B and C. Transmission System for Power Evacuation from Rajasthan REZ Phase-IV (5.5 GW, Jaisalmer/Barmer Complex): Part H1. Network Expansion Scheme in Navinal (Mundra), Gujarat, for regional power drawal. Network Expansion Scheme…
The Ministry of New and Renewable Energy (MNRE) has introduced a Rs 2 billion programme, running through FY 2025-26, to accelerate green hydrogen production and application across sectors. Focus areas include decentralised hydrogen production through floating solar, biomass, and wastewater, with applications in off-grid energy, cooking, heating, and industrial processes. The initiative aligns with the National Green Hydrogen Mission (NGHM). Project implementation will be overseen by Scheme Implementing Agencies (SIAs) such as the National Institute…
The Haryana Renewable Energy Development Agency (HAREDA) has awarded contracts for the supply, installation, and commissioning of 17,458 solar water pumping systems under Component B of the PM KUSUM programme. Leading recipients include Shakti Pumps with 3,174 units, AVI Appliances with 2,811, and Oswal Pumps with 2,539. Other notable companies, such as Ethos Power, Rotomag Motors, Ecozen Solutions, and Alpex Solar, received contracts for over 1,000 pumps each. An additional 19 companies collectively received contracts…
Mahanagar Gas Limited (MGL) has announced an investment of Rs 2.3 billion in International Battery Company (IBC) India to develop a gigafactory in Bengaluru, focused on producing prismatic NMC Li-ion cells for mobility and battery storage applications. This partnership aims to meet India’s demand for locally manufactured battery cells, which are currently imported. MGL has entered a share subscription and shareholding agreement with IBC US, forming a joint venture through IBC India with a 44:56…
The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply. This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million. Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
The Ministry of Coal has introduced a Mine Opening Permission module on the Single Window Clearance System (SWCS) portal to streamline and expedite the approval process for initiating coal mining operations. This digital initiative enhances transparency and efficiency by enabling online applications and real-time tracking, thereby reducing reliance on manual paperwork and minimizing delays. The module is designed to encourage a more investment-friendly environment in the coal sector.
Sterlite Power announced new orders worth Rs 12 billion across its Global Products and Services (GPS) business in Q2FY25, bringing cumulative orders to Rs 27 billion for H1FY25. The GPS division focuses on high-performance, sustainable products and specialized EPC services. This quarter’s highlights included India’s first order for a 144-fiber count Optical Ground Wire (OPGW) cable from a state utility. In Q2FY25, Sterlite Power’s key order segments included: High-Performance Conductors & OPGW: New orders worth…
GE Vernova T&D India Ltd reported a significant rise in order inflows for Q2 FY25, reaching Rs 46.82 billion, over four times the Rs 10.82 billion recorded in Q2 FY24. For the first half of FY25 (April-September), orders grew by 173 per cent to Rs 57.11 billion from Rs 20.88 billion in H1 FY24, with domestic orders accounting for 53 per cent. As of September 30, 2024, GE Vernova’s order book stood at Rs 98.36…
PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited, has transferred two wholly owned subsidiaries, Khavda PSI and 3 Transmission Limited and Barmer I Transmission Limited, to Power Grid Corporation of India Limited (Powergrid) for a total of Rs 268.2 million. Khavda PSI and 3 Transmission Limited was transferred for Rs 79.2 million, and Barmer I Transmission Limited for Rs 189 million. Barmer I Transmission Limited focuses on establishing a new 765/400/220 kV…
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