Power Sector News Roundup for December 30, 2024

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Global: Vistra connects solar projects in Illinois India: JSW Neo Energy to acquire 4,696 MW renewable platform from O2 Power Hero Future Energies commissions 29 MW solar project in Karnataka NTPC begins 37.5 MW operations at Gujarat solar project NGT issues notice on safe disposal of solar panel waste Trichy inaugurates its first solar power plant Gensol secures Rs 8.97 billion solar EPC contract from NTPC Jakson Group and OMC Power partner for solar rooftop…

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Vistra connects solar projects in Illinois

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Vistra has connected two new utility-scale solar projects in Illinois to the grid as part of efforts to amend the retirement schedule for its 1,185 MW Baldwin Power Plant.  Originally set to retire in 2025, the plant will now operate until 2027, complying with federal Environmental Protection Agency retirement and pond closure requirements. The Baldwin site recently saw the addition of a 68 MW utility-scale solar facility and a 2 MW/8 MWh energy storage system,…

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CCI conducts market study on renewable energy across BRICS nations

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The Competition Commission of India (CCI) is conducting a market study to assess competition issues within the renewable energy sector across BRICS nations.  The study, led by CCI Chairperson Ravneet Kaur, is part of the broader BRICS framework, which originally included Brazil, Russia, India, China, and South Africa, with other countries later joining the bloc. In addition to this study, the CCI is also examining competition-related issues in Artificial Intelligence (AI). Kaur noted that the…

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Government cancels auction of 11 critical mineral blocks

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The government has annulled the auction of 11 critical mineral blocks in the fourth round due to a weak response from bidders.  Four blocks, including tungsten and glauconite located in Chhattisgarh and Arunachal Pradesh, attracted no bids, while the remaining seven received fewer than three technically qualified bidders, leading to the cancellation of the auction process for all blocks. This follows a pattern seen in previous rounds, where several critical mineral blocks were also scrapped…

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EAC recommends ToR for Indirasagar-Omkareshwar Pumped Storage Projects

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The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of Terms of Reference (ToR) for the Indirasagar-Omkareshwar on-stream Pumped Storage Project (640 MW) by NHDC Limited in Madhya Pradesh.  Located in Khandwa district, the project will require 198 hectares of forest land and an estimated investment of Rs. 47.56 billion. NHDC plans to develop the project on the right bank of the existing Indira Sagar…

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PFC Consulting invites bids for transmission project in J&K

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PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation Limited, has invited bids for a transmission project “Execution of System Strengthening/Upgradation Works and Intra-State Transmission System projects by Creation/Augmentation of Grid Stations and Laying of Transmission Lines in the state of J&K.” The last date for seeking clarifications is 15 January 2025, while responses to the Request for Proposal (RFP) have to be submitted by 28 February 2025.

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KEC International transfers cables business to subsidiary

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KEC International Ltd has transferred its cables business to KEC Asian Cables Ltd (KACL), a subsidiary, via a slump sale on a going-concern basis. A business transfer agreement (BTA) was executed on December 30, 2024. KACL will pay Rs 1.25 billion to KEC International for the slump sale. KEC International holds a 95% equity stake in KACL, with the remaining 5% owned by KEC Power India Pvt Ltd (KPIPL), a wholly owned subsidiary of KEC…

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Adani Green establishes new subsidiary AGE68L

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Adani Green Energy Limited (AGEL) has formed a wholly owned subsidiary, Adani Green Energy Sixty Eight Limited (AGE68L), under its subsidiary Adani Renewable Energy Holding Nine Limited.  AGE68L will focus on power generation, development, distribution, and supply from wind, solar, and other renewable energy sources. Incorporated in Ahmedabad, Gujarat, AGE68L has an authorised and paid-up capital of Rs 100,000, with Adani Renewable Energy Holding Nine Limited holding 100% of its share capital. The subsidiary has…

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Jakson Group and OMC Power partner for solar rooftop project in Uttar Pradesh

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Jakson Group and OMC Power have partnered to implement a 50 MW solar rooftop project valued at Rs 2 billion.  This initiative will offset 62,500 tonnes of carbon emissions annually, equal to planting 2.5 million trees.  Jakson Group will deploy rooftop systems across all 75 districts of Uttar Pradesh, supporting the state’s clean energy transition.

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Gensol secures Rs 8.97 billion solar EPC contract from NTPC

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Gensol Engineering Limited has won a Rs 8.97 billion contract from NTPC Renewable Energy Limited to develop a 225 MW grid-connected solar project.  The project will be executed on an engineering, procurement, and construction (EPC) basis at the Gujarat State Electricity Corporation Limited Solar Park (Stage-III) in Khavda, Rann of Kutch, Gujarat. The contract includes project development and operations and maintenance services for three years.