NHPC Limited is developing the 240 MW (2 x 120 MW) Uri-I Stage II Hydro Electric Project (HEP) on the River Jhelum in Uri tehsil, Baramulla district, Jammu & Kashmir. The project, with an investment of Rs 25.26 billion, will operate on a build, own, operate, and transfer (BOOT) basis for 40 years. Uri-I Stage II is an extension of the existing 480 MW Uri-I HEP, which was commissioned in 1997. The new project…
Global: Renewable energy cannibalization lowers solar market revenues in Europe India: Greenko’s new pumped storage projects in Assam, MP, Odisha Adani Green wins 1,250 MW pumped storage project in Uttar Pradesh Waaree and Bhagyanagar secure solar contracts Madhya Pradesh secures MoUs for RE projects at Global Investors Summit Adani Green and Madhav Infra commission solar projects in Gujarat KP Energy fully commissions 28.6 MW wind power project in Gujarat Shakti Pumps invests Rs 600 million…
Three companies have clinched major awards this week, strengthening their foothold in India’s power transmission and distribution (T&D) sector. Toshiba Transmission & Distribution Systems (India) Private Limited (TOSHIBA) secured a contract worth Rs 2.66 billion for the 400kV Transformer Package 4TR06BULK under Power Grid Corporation of India Ltd’s (PGCIL) bulk procurement of 765kV and 400kV transformers and reactors. The company outbid Bharat Heavy Electricals Limited (BHEL) and Transformers & Rectifiers India Limited (T&R), the latter…
JSW Energy has won a 125 MW/500 MWh standalone battery energy storage system (BESS) auction in Kerala. The project, awarded by the Solar Energy Corporation of India (SECI), will be connected to the Mylatti 220 kV substation in Kasaragod. JSW Energy secured the project at a tariff of Rs 441,000 per MW per month and qualifies for viability gap funding of Rs 2.7 million per MWh or 30 per cent of the capital cost, whichever…
Borosil Renewables Limited has completed its investment of Rs 178.2 million in Clean Max Prithvi Private Limited (CMPPL) in two tranches. The investment follows Borosil Renewables’ initial acquisition of a 49 per cent stake in CMPPL for Rs 49,000, announced in September 2024. The company later invested Rs 35.6 million and Rs 142.6 million, receiving 31,058 and 1,22,797 equity shares, respectively, at a face value of Rs 10 each. Despite the fresh investment, Borosil Renewables…