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Himachal Pradesh installs 2 MW solar power plant in Kaza

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Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region.  The plant will be fully operational soon, with the addition of a 1 MWh battery storage system.  The state is focusing on increasing solar energy use to become a “green state.”  In addition, 18 MW of solar plants are planned on vacant land near electricity board offices,…

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Telangana to add 20,000 MW renewable energy capacity by 2030

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Telangana aims to add 20,000 MW to its existing renewable energy generation and storage capacity by 2030, Deputy Chief Minister Mallu Bhatti Vikramarka announced.  The state will focus on Standalone Renewable Energy Projects, floating solar, Waste to Energy, and Green Hydrogen to achieve this goal. The current renewable energy capacity stands at 11,399 MW, including 7,889 MW from solar energy.  With major infra projects underway, peak electricity demand is expected to rise significantly, from 15,623…

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100 per cent renewable energy generation in Andaman-Nicobar and Lakshadweep: Amit Shah

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Union Home Minister and Minister of Cooperation, Shri Amit Shah, chaired the 7th meeting of the Island Development Agency (IDA) in New Delhi.  The meeting focused on the progress of development initiatives in the Andaman and Nicobar Islands and Lakshadweep. Shri Shah emphasized the importance of solar and wind energy projects in the islands, aiming for 100% renewable energy generation.  He directed the Ministry of New and Renewable Energy (MNRE) to implement the ‘PM Surya…

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FAME Scheme: Rs 88.44 billion spent on electric vehicle incentives

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The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024.  This includes Rs 65.77 billion in subsidies, Rs 22.44 billion for capital assets, and Rs 230 million for other expenses.  Under FAME-II, launched in 2019 with an outlay of Rs 115 billion, 1.6 million electric vehicles (EVs) have been incentivized, including 1.4 million electric two-wheelers (e-2Ws),…

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Waaree Energies explores land for solar manufacturing unit in Nagpur

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Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit.  The company recently inspected potential sites in the Additional Butibori industrial estate of the Maharashtra Industrial Development Corporation (MIDC).  If finalized, this project will contribute to Nagpur’s growing renewable energy equipment manufacturing sector. Total proposed investments in the city’s renewable energy equipment…

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PGCIL wins two ISTS projects in Gujarat and Karnataka

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Power Grid Corporation of India Limited (PGCIL) received the Letter of Intent (LoI) for two Interstate Transmission System (ISTS) projects under the Tariff Based Competitive Bidding (TBCB) route on January 6, 2025.  These projects are on a Build, Own, Operate, and Transfer (BOOT) basis: Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme): The project comprises augmentation works at under-construction substations in the State of Gujarat. The…

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IEX records monthly electricity traded volume of 11,132 MU

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Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in traded volume, with 30,464 MU and a 31% rise in…

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Sterlite Grid 32 refinances Mumbai Urja Transmission Project

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Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore.  The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and India Infrastructure Finance Company Ltd (IIFCL). The MUML project, won in June 2020 under tariff-based competitive bidding, will strengthen the…

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Sasan Power repays USD 150 million to IIFCL

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Sasan Power Limited, a subsidiary of Reliance Power, has repaid USD 150 million to India Infrastructure Finance (UK) Company Limited (IIFCL), improving its debt coverage metrics, liquidity, and credit rating. Sasan Power operates the 3,960 MW ultra-mega power plant in Madhya Pradesh, the world’s largest integrated coal-based power plant.  It includes a 20 million tonne per annum captive coal mining capacity and supplies electricity to 14 distribution companies across seven states at a tariff of…

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Sahaj Solar secures Rs 364.2 million solarisation project in Tripura

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Sahaj Solar has won a contract from the Tripura Renewable Energy Development Agency (TREDA) to solarise 2 HP grid-connected agricultural pumps under the PM-KUSUM scheme’s Component C. The project involves designing, surveying, manufacturing, supplying, and commissioning 3 kWp grid-connected power plants with interfacing devices for the pumps.  It also includes a five-year warranty, annual maintenance contract, and insurance coverage on a turnkey basis.