Power Sector News Roundup for February 19, 2025

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Global: GreenGo Energy to develop green hydrogen project in Mauritania South Sudan-Uganda Power Interconnection Project secures AfDB, EU funding India: POWERGRID wins LoI for two inter-state transmission projects TKIL emerges as L1 bidder for stacker cum reclaimer package at Koderma Karnataka signs MoU with Paschim Renewables for 30 MW solar project Assam Cabinet approves Clean Energy Policy AHAsolar secures NEEPCO contract for floating solar project studies N. K. Enterprises wins consultancy bid for Maharashtra transmission…

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South Sudan-Uganda Power Interconnection Project secures AfDB, EU funding

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The governments of South Sudan and Uganda, in collaboration with the Nile Basin Initiative, have secured major funding from the African Development Fund (AfDB) and the European Union (EU) for the South Sudan-Uganda Power Interconnection Project. AfDB has committed USD 155 million in loans and grants, while the EU will provide an additional USD 27.1 million grant. The project, which faced delays due to financial and logistical issues, is now set for completion in 2028….

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GreenGo Energy to develop green hydrogen project in Mauritania

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GreenGo Energy has signed an agreement to develop the Megaton Moon Green Hydrogen Project in Mauritania. The agreement grants GreenGo Energy access to over 100,000 hectares of land near Nouakchott for the project’s development. With this, the company has entered the development phase, which includes detailed site and geotechnical surveys, meteorological data collection, and feasibility studies. The full project capacity will feature 6 GW of electrolysis, 6.8 GW of onshore wind, and 6.3 GWp of…

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Alpex Solar secures Rs 450 million order for solar water pumps

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Alpex Solar has won a Rs 450 million order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 2,000 solar-powered water pumps under the Magel Tyala Saur Krushi Pump scheme.  The pumps will be manufactured at Alpex Solar’s facility in Greater Noida, which has recently expanded to a 1,200 MW capacity. Founded in 1993, Alpex initially specialized in the international trade of synthetic yarns and knitting machinery components before shifting to renewable energy. The…

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Dynolt Technologies and Credit Fair secure funding to drive clean energy

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Dynolt Technologies has raised $1.7 million in a seed funding round led by Transition VC, with additional investment from angel investor Yashowardhan Shah.  The funding will be used to expand its high-power charger product line using wide bandgap semiconductors for fast charging stations. Additionally, the company plans to enter the solar and hydrogen sectors with high-frequency inverters and DC-DC converters.  Dynolt, founded in 2022 and headquartered in Bengaluru, develops power electronics solutions for e-mobility, battery…

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Shakti Pumps invests Rs 390 million in EV mobility subsidiary

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Shakti Pumps Limited has invested Rs 390 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 4 million equity shares of face value Rs 10 each.  The subsidiary will focus on manufacturing, processing, trading, and distributing EV motors and charger controllers. Shakti EV Mobility, incorporated in December 2021, aims to drive innovation and meet the growing demand for EV components, as automakers focus on battery technology advancements to…

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MHI signs agreement with Reliance for 10 GWh ACC capacity

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The Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC).  Signed on February 17, 2025, the agreement grants Reliance a 10 GWh ACC manufacturing capacity, making it eligible for incentives under the Rs 181 billion scheme. With this allocation, the total awarded capacity under the PLI ACC scheme has reached…

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MoP issues draft guidelines for Renewable Energy Implementing Agencies designation

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The Ministry of Power (MoP) has released draft guidelines for designating companies as Renewable Energy Implementing Agencies (REIA) to accelerate renewable energy development under the tariff-based competitive bidding (TBCB) framework. REIAs will act as market makers, responsible for conducting renewable energy project bidding, signing power sale agreements with developers, and ensuring payment security for renewable energy generators. The guidelines require companies to hold a valid Category-I electricity trading license, have a net worth exceeding Rs…

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N. K. Enterprises wins consultancy bid for Maharashtra transmission expansion projects

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N. K. Enterprises has been awarded contracts for survey and report preparation as a technical consultant for three transmission expansion projects in Maharashtra.  The first project, “Network Expansion Scheme in Maharashtra for Evacuation of Renewable Energy Power from Dharashiv, Beed District,” involves the development of 400 kV, 220 kV, and 132 kV transmission lines and substations to integrate renewable energy into the grid.  The second project, “Network Expansion Scheme in Maharashtra for Providing Supply to…

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AHAsolar secures NEEPCO contract for floating solar project studies

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AHAsolar Technologies Limited has won a contract worth Rs 2.95 million from North Eastern Electric Power Corporation Limited (NEEPCO) for preparing pre-feasibility reports (PFRs) and detailed project reports (DPRs) for five floating solar projects across three states. NEEPCO had invited bids for the contract in May 2024, and the award was announced on February 17, 2025. The floating solar power projects will be developed on the Dhadraul reservoir in Sonbhadra, the Moosakhand reservoir in Chandauli,…