Power Sector News Roundup for January 9, 2025

By

Global: Grenergy secures $324 million for Oasis de Atacama battery project Poland approves funding for first nuclear power plant India: CCI approves Tata Electronics’ acquisition of stake in Pegatron India Odisha approves Rs 447.93 billion investments Hartek Group secures Rs 1.17 bn power project from PGCIL in Gujarat CG Power wins reactor package contract from PGCIL MNRE updates ALMM, adds 1,541 MW solar capacity Mahindra unveils new EV and battery assembly facility in Chakan NTPC…

|

Poland approves funding for first nuclear power plant

By

Poland has approved up to 60.2bn zlotys ($14.7bn) in funding for its first nuclear power plant, pending European Union approval, reported Bloomberg.  On 7 January 2025, the cabinet led by Donald Tusk adopted a draft bill enabling the state-owned utility PEJ to construct 3.75GW reactors along the Baltic coast. The plant is expected to be completed by 2036, replacing ageing coal-fired plants and ensuring a stable electricity supply while advancing cleaner energy. The funding will…

|

Grenergy secures $324 million for Oasis de Atacama battery project

By

Grenergy has obtained $324 million in financing for phase four of its Oasis de Atacama project, named Gabriela. This phase includes 269 MW of solar capacity and 1.1 GWh of storage.  Financing was provided by BNP Paribas, Natixis Corporate & Investment Banking, Société Générale, Bank of Nova Scotia, and SMBC. The same institutions also financed the first three phases of the project, with a total investment of $643 million. The syndication of the first phase…

|

NTPC REL partners with Deendayal Port Authority for green hydrogen project

By

NTPC Renewable Energy Limited (NTPC REL) has signed a memorandum of understanding (MoU) with Deendayal Port Authority to establish a green hydrogen fueling station and deploy 11 hydrogen-powered buses at Kandla Port, Gujarat. This initiative seeks to replace fossil fuel-based buses at the port, advancing clean energy adoption while supporting decarbonisation and energy security.

|

Mahindra unveils new EV and battery assembly facility in Chakan

By

Mahindra has opened a new manufacturing and battery assembly facility at its Chakan plant, dedicated to producing Electric Origin SUVs. The facility, powered entirely by renewable energy, operates as a water-positive unit within Mahindra’s Chakan manufacturing hub. This development is part of Mahindra’s Rs 45 billion investment from its Rs 160 billion FY22–FY27 investment cycle, which includes powertrain development, new product platforms, and expanded manufacturing capacity. The facility spans 88,000 square metres and features advanced…

|

MNRE updates ALMM, adds 1,541 MW solar capacity

By

The Ministry of New and Renewable Energy (MNRE) has updated its approved list of models and manufacturers (ALMM), increasing India’s total solar module manufacturing capacity under the list to 64.56 GW. The latest update includes two new manufacturers: Indosolar Limited, with an approved capacity of 1,525 MW, and Visaka Industries Limited, with 16 MW. Indosolar will produce bifacial mono-passivated emitter and rear contact (PERC) and bifacial tunnel oxide passivated contact solar modules. Telangana-based Visaka Industries…

|

CG Power wins reactor package contract from PGCIL

By

CG Power and Industrial Solutions Limited has secured a Rs 583 million contract from Power Grid Corporation of India Limited (PGCIL).  The contract covers the supply of 400kV Shunt Reactors, including 2X125MVAR, 2X80MVAR, and 2X50MVAR reactors, under the Bulk Procurement of 765kV and 400kV class transformers and reactors.  Other bidders included Bharat Heavy Electricals Limited and GE T&D India Limited.

|

Hartek Group secures Rs 1.17 bn power project from PGCIL in Gujarat

By

Hartek Group’s Power System business unit has secured a Rs 1.17 billion project in Gujarat from Power Grid Corporation of India Limited (PGCIL).  The project involves the extension of a 765kV AIS substation and 400/220kV substation work. Simarpreet Singh, Group Executive Director & CEO, highlighted the significance of the project in reinforcing Hartek’s leadership in the Extra High Voltage (EHV) segment and its role in India’s grid expansion. In July 2024, Hartek secured a 765…

|

Odisha approves Rs 447.93 billion investments

By

The Odisha government has approved five industrial projects worth Rs 447.93 billion. This includes: Indian Strategic Petroleum Reserves Limited (Rs 87.43 billion) Project: Crude Oil Storage facilities Jobs: 5,130 Location: Jajpur Inox Solar Limited (Rs 40 billion) Project: Manufacturing facility of solar modules & photovoltaic cells Jobs: 3,400 Location: Dhenkanal ACME Cleantech Solutions Pvt. Ltd. (Rs 40.5 billion) Project: Integrated manufacturing plant for Mushroom Root Fermentative Protein Jobs: 3,475 Location: Cuttack Tata Steel Limited (Rs…

|

CCI approves Tata Electronics’ acquisition of stake in Pegatron India

By

The Competition Commission of India (CCI) has approved Tata Electronics (TEPL) to acquire a 60 per cent stake in Pegatron India, the Indian arm of Taiwan’s Pegatron Corporation.  The acquisition, which will occur in two phases, is part of Tata Electronics’ strategy to expand its presence in high-precision manufacturing and electronics services. Pegatron India, located in Chennai, employs about 10,000 people and manufactures five million iPhones annually for export to North America, Asia, and Europe….