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Equinix partners with CleanMax for renewable energy project in Maharashtra

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Equinix, Inc. has entered into its first power purchase agreement (PPA) in India with CleanMax to develop a 33 MW captive power plant in Maharashtra.  The facility will comprise 26.4 MWp of solar and 6.6 MW of wind capacity, with phased operations commencing in 2025.  This initiative aligns with Equinix’s sustainability strategy, aiming to meet the increasing energy demands of its International Business Exchange (IBX) data centers in Mumbai, driven by the rise in data…

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IndiGrid, BII, and Norfund launch $300 million platform

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IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India.  Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next several years. Once operational, IndiGrid will acquire these projects at a pre-agreed enterprise value. IndiGrid’s Q2 FY25 investor presentation highlighted…

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Coal India reports 22% decline in Q2 net profit

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Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.  The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.

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MoP urges states to identify sites for nuclear power projects

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Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources.  The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032.  The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’ conference on 12 November 2024,…

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India signs MoU with IEA for critical minerals cooperation

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The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals.  This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and…

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Tata Power commissions 126 MW floating solar project in Madhya Pradesh

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Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh.  The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL).  Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s renewable energy sector. With this…

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Power ministry to launch Rs 10 billion scheme for MSME energy efficiency

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The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies.  Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises. Technologies covered include automation systems for resource…

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NHPC to commission Parbati-II hydroelectric project by March 2025

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NHPC has announced that all four units of the Parbati-II Hydroelectric Project (800 MW) in Himachal Pradesh are expected to be operational by March 2025.  This run-of-the-river project is designed to harness the hydro potential of the lower reaches of the Parbati River. With a cost estimate of Rs 39.2 billion, it will feature four Pelton turbines, each with a 200 MW capacity, supplied by Bharat Heavy Electricals.

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PFCCL establishes SPV for Wahipora and Sallar Transmission project

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PFC Consulting Limited (PFCCL) has established Wahipora and Sallar Transmission Limited for the transmission project involving the construction of grid substations at Wahipora and Sallar in Kashmir.  The project encompasses the downstream transmission network from the upcoming 400/220 kV Grid Sub-Station at Siot, Rajouri, as well as a new 220 kV grid substation at Bhagthali, Kathua, including a 220 kV line and Line-In Line-Out (LILO) tapping from the existing 220 kV Saran-Hiranagar line. In February…