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NTPC, Sembcorp, Solarcraft , Hero Solar, Reliance Power win bids in SECI Tranche XVII auction

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Five firms have won bids for setting up 2,000 MW Inter-State Transmission System (ISTS) connected solar power projects and 1,000 MW energy storage systems (ESS) under Tranche-XVII of the Solar Energy Corporation of India (SECI), announced on December 9, 2024. The successful bidders and their respective capacities are as follows: Sembcorp Green Infra Private Limited (Sembcorp Energy India Limited) – 150 MW solar and 75 MW ESS at a tariff of Rs 3.52 per kWh…

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PFCCL appointed as BPC for Transmission system for proposed Green Hydrogen/Green Ammonia projects in Kakinada area (Phase-I)

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The National Committee on Transmission (NCT), in its 25th meeting, recommended the tariff-based competitive bidding (TBCB) route with PFC Consulting Limited (PFCCL) as the bid process coordinator (BPC) for the Transmission system for proposed Green Hydrogen / Green Ammonia projects in Kakinada area (Phase-I). The transmission scheme comprises the establishment of a 765/400 kV substation with 3×1500 MVA transformers and a 240 MVAr bus reactor. LILO (Line-In-Line-Out) of the existing 765 kV Srikakulam-Vemagiri D/C line…

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CCI approves acquisition of thyssenkrupp Electrical Steel by JSquare

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The Competition Commission of India (CCI) has recently approved the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (thyssenkrupp India) by Jsquare Electrical Steel Nashik Pvt Ltd (JSquare). JSquare, a newly-incorporated subsidiary of JSW JFE Electrical Steel Pvt Ltd (J2ES), is a 50:50 joint venture between JSW Steel Ltd and Japan’s JFE Steel Corporation.  Currently, J2ES has no commercial operations but plans to begin the manufacture and sale of grain-oriented electrical steel (GOES) in India…

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MERC and GEAPP partner to advance Maharashtra’s energy transition

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The Maharashtra Electricity Regulatory Commission (MERC) and Global Energy Alliance for People and Planet (GEAPP) have signed a Statement of Intent (SoI) to support Maharashtra’s energy transition through regulatory and policy innovations. The initiative will explore areas such as grid management, renewable energy integration, demand flexibility, energy efficiency, and tariff rationalization.  The collaboration builds on a prior partnership between GEAPP and NITI Aayog, aiming to enhance transformative actions at the state level.  MERC has recently…

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Lack of bidders shifts Bhadla/Bikaner transmission project from TBCB to RTM

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The National Committee on Transmission (NCT) has approved the implementation of “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner complex.” The scheme was initially approved under the TBCB route in the 19th meeting of NCT, but due to the lack of sufficient bidders, the scheme has been de-notified from the TBCB route and will now be executed by POWERGRID. The project, estimated at Rs 19.88 billion, is expected to be completed within 18…

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Waaree Renewable wins bid for 170 MW in Neemuch Solar Park Project

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Waaree Renewable Energy Technologies Limited has won bids to set up a 170 MW capacity under Unit-III of the Neemuch Solar Power Park Project in Madhya Pradesh.  The company quoted a tariff of Rs 2.15 per kWh for the project. The Rewa Ultra Mega Solar Limited (RUMSL), a joint venture of Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL), is developing three solar parks with a combined capacity of…

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Teerth Gopicon wins Rs 2.37 billion contract for solar projects in Rajasthan

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Teerth Gopicon Private Limited has received a Letter of Award (LoA) worth Rs 2.37 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to set up 37 MW of rooftop solar photovoltaic (PV) power projects on government buildings in Baran and Pali districts.  The contract, awarded on December 7, 2024, includes 11 MW in Baran and 26 MW in Pali. The scope of the project includes the design, supply, erection, testing, and commissioning of the solar…

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Continuum Green Energy files DRHP to raise Rs 36.5 billion through IPO

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Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited.  The net proceeds from the fresh issue will primarily be used to repay or…

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Japan eyes manufacturing and solar energy partnerships in Rajasthan

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Japan has identified manufacturing and renewable energy, particularly solar energy, as key sectors for collaboration with Rajasthan.  This focus was highlighted during the Japan Country Session titled “Versatility of Industries: Manufacturing and Beyond” at the Rising Rajasthan Global Investors Summit in Jaipur on December 9, 2024. The session emphasized leveraging Japan’s advanced technologies, sustainability initiatives, and digital expertise to bolster Rajasthan’s industrial base.  Discussions explored potential partnerships to drive growth in renewable energy and manufacturing,…