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Nagaland to receive Rs 6.67 billion to upgrade power distribution

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The Union Government has sanctioned Rs 6.67 billion under the Revamped Distribution Sector Scheme (RDSS) to improve Nagaland’s power distribution infrastructure.  Nagaland has one of the highest Aggregate Technical and Commercial (AT&C) losses in India, standing at 45.8% in FY23. Under RDSS, the government is focusing on reducing these losses by upgrading substations, replacing bare conductors with covered conductors, and installing smart prepaid meters.  Launched in July 2021, RDSS is a nationwide initiative to modernize…

Power Sector News Roundup for March 10, 2025

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Global: Australia accelerates renewable energy projects amid rising energy demand India: India’s renewable energy sector faces challenges despite record 73 GW tenders in 2024 Inox Wind secures 153 MW wind turbine supply contract in Tamil Nadu Three firms secure bids for solar projects under GUVNL Phase XXVI TSGENCO invites bids for feasibility reports on 35 pumped storage projects Jindal Power to acquire Bhadreshwar Vidyut for Rs 5 billion POWERGRID secures Rs 28.86 billion transmission project…

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Australia accelerates renewable energy projects amid rising energy demand

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The Australian government has introduced a National Renewable Energy Priority List to expedite approvals for key renewable energy generation, storage, and transmission projects. The initiative, led by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), aims to streamline regulatory processes while ensuring environmental compliance under the Environment Protection and Biodiversity Conservation (EPBC) Act. The first Priority List includes 32 renewable energy projects exceeding 30 MW, featuring solar, wind, battery, and pumped hydro…

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India’s renewable energy sector faces challenges despite record 73 GW tenders in 2024

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India’s renewable energy sector is grappling with execution challenges despite issuing a record 73 GW of utility-scale renewable energy tenders in 2024. According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, weak demand for tenders, project cancellations, and delays in power sale agreements (PSAs) could slow progress toward India’s goal of 500 GW of non-fossil power capacity by 2030. While India exceeded the Ministry of…

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Inox Wind secures 153 MW wind turbine supply contract in Tamil Nadu

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Inox Wind Limited has won a contract to supply Wind Turbine Generators (WTGs) with a rated capacity of 3 MW each for a 153 MW wind power project in Tamil Nadu. The contract was awarded on March 7, 2025. As part of the deal, Inox will provide limited engineering, procurement, and construction (EPC) services, along with multi-year operations and maintenance (O&M) services after the project is commissioned. Inox Wind reported a net profit of Rs…

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Three firms secure bids for solar projects under GUVNL Phase XXVI

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Three firms have won bids to develop a cumulative 250 MW grid-connected solar photovoltaic (PV) power projects without energy storage system (ESS) anywhere in India. The bids were awarded under Phase XXVI of Gujarat Urja Vikas Nigam Limited (GUVNL) on March 6, 2025. Avaada Energy Private Limited (Avaada Power Private Limited) secured a 100 MW capacity at a tariff of Rs 2.6 per kWh. Welspun New Energy Limited, a wholly-owned subsidiary of Welspun Energy Limited…

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TSGENCO invites bids for feasibility reports on 35 pumped storage projects

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Telangana State Power Generation Corporation Limited (TSGENCO) has invited bids for the preparation of Techno-Commercial Feasibility Reports (TCFR) for setting up pumped storage projects (PSPs) at 35 tentatively identified locations in the state. The last date for bid submission is March 17, 2025. The first eight locations have been identified near Kaleshwaram Lift Irrigation Schemes (LIS) and Palamuru Ranga Reddy Lift Irrigation Schemes (LIS). These include reservoirs such as Mid Manair & Anantagiri, Anantagiri &…

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Jindal Power to acquire Bhadreshwar Vidyut for Rs 5 billion

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Jindal Power Limited (JPL) has received a Letter of Intent (LoI) to acquire Bhadreshwar Vidyut Private Limited for Rs 5 billion. The Gujarat-based thermal power company operates the Kutch Coal-Based Power Project and was undergoing a corporate insolvency resolution process (CIRP). Bhadreshwar Vidyut, formerly known as OPG Power Gujarat Private Limited (OPGL), is a subsidiary of OPG Power Ventures Plc. The company set up a coal-based thermal power station in Mundra, Kutch district, Gujarat. The…

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POWERGRID secures Rs 28.86 billion transmission project for Kurnool-III PS

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Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for the “Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects.”  The project, awarded through Tariff-Based Competitive Bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on March 6, 2025. The Special Purpose Vehicle (SPV) for the project is Kurnool-III PS RE Transmission. The project, with…

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Kalpataru Projects secures Rs 23.06 billion in new orders

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Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 23.06 billion.  The contracts include transmission and distribution (T&D) projects in overseas markets and building projects in India. With these latest deals, KPIL’s total order intake for 2024-2025 has reached approximately Rs 225 billion.   KPIL reported a net profit of Rs 1.4 billion for Q3 FY25, reflecting a 2.78 percent decline from Rs 1.44 billion in the same period last…