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MoEFCC eases compliance for renewable energy projects

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The Ministry of Environment, Forests, and Climate Change (MoEFCC) has simplified compliance requirements for renewable energy projects. Solar module manufacturing units, solar and wind power projects, and mini hydel projects under 25 MW are now exempt from obtaining Environmental Clearance (EC) and Consent to Establish (CTE). Additionally, projects with an EC will no longer require a separate CTE or Consent to Operate, reducing duplication in the process. A standard operating procedure will integrate CTE considerations…

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OPGC invites bids for IB Thermal Power Project Stage-III expansion

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Odisha Power Generation Corporation (OPGC) has issued a Notice Inviting Tender (NIT) for the engineering, procurement, and construction (EPC) package for the Stage-III expansion of the IB Thermal Power Project.  The project will add two supercritical units, each with a capacity of 600 MW, at Banaharpalli village in Jharsuguda district, Odisha. The total investment for the project is estimated at Rs 127.17 billion, with the last date for bid submission set as December 7, 2024. …

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Viviana Power Tech secures Rs 1.06 billion contracts for Gujarat SI schemes

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Viviana Power Tech Limited has won two contracts: Rs 323.43 million from Madhya Gujarat Vij Company Limited (MGVCL) and Rs 741.29 million from Paschim Gujarat Vij Company Limited (PGVCL) and Dakshin Gujarat Vij Company Limited (DGVCL) under the System Improvement (SI) Scheme.  The awards are part of SI schemes estimated at Rs 1.09 billion for MGVCL, Rs 2.61 billion for PGVCL, and Rs 1.18 billion for DGVCL. The SI scheme aims to ensure quality and…

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Tata Power acquires SPV for ERES-XXXIX project

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REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has transferred the special purpose vehicle (SPV), ERES-XXXIX Power Transmission Limited, to Tata Power Company Limited through a tariff-based competitive bidding process. The project involves establishing a 765/400 kV, 2×1500 MVA gas-insulated switchgear substation at Gopalpur in Odisha, along with 199 km of 765 kV transmission lines and 25 km of 400 kV lines, including associated works.  The project will be…

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DVC signs PPAs with GUVNL to supply 559 MW of power

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Damodar Valley Corporation (DVC) has entered into power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) to supply a total of 559 MW of electricity.  This includes 359 MW from the 800 MW Durgapur Thermal Power Expansion Project in West Bengal and 200 MW from the 2×800 MW Koderma Thermal Power Expansion Project in Jharkhand. The Durgapur project, situated in Bardhaman district, is an expansion of the retired Durgapur Steel Thermal Power Project. …

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Adani Group to invest USD 35 billion in renewable energy over five years

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The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.  The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…

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AMPIN Energy and CIP to invest USD 300 million in India’s renewable projects

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AMPIN Energy Transition has partnered with Copenhagen Infrastructure Partners (CIP) to invest USD 300 million in renewable energy projects across India.  This joint effort aims to establish a renewable energy asset base valued between USD 2.7 billion and USD 3 billion. Building on a USD 200 million joint equity commitment made in 2021, the collaboration highlights their focus on accelerating India’s green transformation and fostering innovation within the energy sector. AMPIN Energy Transition currently manages…

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NTPC targets Rs 5 trillion investment in green energy by 2030

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NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL).  To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and energy storage. The company aims to add 60 GW of renewable energy capacity by 2032, with solar power accounting for…

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Torrent Power to invest Rs 1.1 trillion capex plan on renewables and storage

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Torrent Power has unveiled a capital expenditure plan of Rs 1.1 trillion over the next eight years, emphasizing renewable energy and energy storage initiatives.  More than 63% of this investment is earmarked for the renewable energy sector, underscoring the company’s dedication to India’s clean energy transition. Vice President Jinal Mehta detailed these plans during a panel discussion at the State Bank of India’s banking conclave. He highlighted Torrent Power’s strategy to expand its renewable energy…

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Sterlite Power completes the 400 kV GTTPL GIS in Goa

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Sterlite Power has announced the commissioning of three vital components of its interstate transmission system (ISTS) project in Goa, managed by the special purpose vehicle “Goa Tamnar Transmission Ltd.”  Goa’s first 400kV Gas Insulated Substation (GIS) at Dharbandora is now operational. The final project element, the Xeldem-Narendra transmission line, is slated for commissioning soon. The Dharbandora GIS enables South Goa to receive a 400kV power supply for the first time, ensuring greater stability, fewer outages,…