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Jakson Green to invest Rs 86.66 billion in renewable energy expansion

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Jakson Green plans to invest up to Rs 86.66 billion over the next four years to expand its renewable energy portfolio.  The investment will be financed through a mix of debt and equity as the company strengthens its position in the sector. Originally focused on diesel generator manufacturing, Jakson Green has diversified into renewable energy over the past two years. Its portfolio now includes distributed energy, solar modules and inverters, biofuels, and engineering, procurement, and…

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Amrut Energy raises Rs 1 billion to expand solar pump manufacturing

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Amrut Energy has secured Rs 1 billion in funding from private equity investors to enhance its manufacturing capabilities and expand operations in underserved regions. The Ahmedabad-based company specializes in solar-powered water pump systems, which help farmers access free and reliable electricity for irrigation. The investment will be used to strengthen research and development, improve production efficiency, and scale operations across new markets. Amrut Energy also plans to accelerate innovation in solar technology to make its…

Regulatory Developments in Power Transmission Sector: March 19, 2025

Regulatory Developments in Power Transmission Sector: March 19, 2025

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  CERC approves truing up of transmission tariff for Powergrid’s assets in Western region The Central Electricity Regulatory Commission (CERC) has approved Power Grid Corporation of India Limited’s (Powergrid) petition for truing up the transmission tariff for the 2019-24 period and determining the tariff for 2024-29 for the Combined Asset under the WRSS XI Scheme in the Western Region. The approved transmission charges for the Combined Asset for the 2024-29 period are as follows (Rs…

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UK and Odisha partner to boost clean energy and net-zero goals

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The UK Government and Odisha Energy Department are collaborating to accelerate Odisha’s transition to net zero.  The collaboration focuses on clean energy, industrial decarbonisation, and urban sustainability, with plans to add 10.9 GW of renewable energy by 2029-30. Odisha has also set intermediary energy transition targets for 2036 and 2047. Key initiatives include expanding renewable energy, modernising the grid, and introducing electric vehicles (EVs) and hydrogen buses for public transport. The state aims to ensure…

Regulatory Developments in Renewable Sector: March 19, 2025

Regulatory Developments in Renewable Sector: March 19, 2025

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  CERC approves NTPC’s tariff adoption for 1500 MW wind-solar hybrid projects The Central Electricity Regulatory Commission (CERC) has approved NTPC Limited’s petition for adopting tariffs for procuring 1500 MW from inter-state transmission system-connected wind-solar hybrid power projects. These projects were awarded through a competitive bidding process. CERC noted that NTPC selected the successful bidders through a transparent bidding process, in accordance with the Ministry of Power’s guidelines. Under Section 63 of the Electricity Act,…

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RMC Switchgears, GP Eco, and Insolation Energy win solar contracts

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Three major solar contracts have been awarded, adding new capacity across different segments. RMC Switchgears Limited and Insolation Energy Limited have secured rooftop solar projects in Rajasthan, while GP Eco Solutions India Limited has won an EPC contract for a large-scale solar project. RMC Switchgears’ Rs 3.2 billion rooftop solar project Rajasthan Renewable Energy Corporation Limited (RRECL) awarded RMC Switchgears a Rs 3.2 billion contract on March 15, 2025, for a 50 MW rooftop solar…

Regulatory Developments in Power Generation Sector: March 19, 2025

Regulatory Developments in Power Generation Sector: March 19, 2025

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  CERC approves Udupi Power’s petition for additional expenditure on ECS installation The Central Electricity Regulatory Commission (CERC) has approved the petition filed by Udupi Power Corporation Limited for additional expenditure on installing an emission control system (ECS) to comply with the Ministry of Environment, Forest and Climate Change (MoEFCC) notification. The commission noted that the petitioner has identified and proposed wet flue gas desulphurization (WFGD) systems to reduce SO₂ emissions. The selection of WFGD…

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India completes concept design of Bharat Small Modular Reactor

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India has completed the concept design of the Bharat Small Modular Reactor (BSMR), moving it closer to deployment. Following approval, the reactor is expected to be constructed within 72 months. BSMRs are modified versions of India’s 200 MWe pressurised heavy water reactors (PHWRs). They will use slightly enriched uranium as fuel and are being developed by a joint venture between the Bhabha Atomic Research Centre (BARC) and the Nuclear Power Corporation of India Limited (NPCIL)….

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Power Grid approves Rs 3.41 billion for two transmission projects

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The Committee of Directors (CoD) on investment of projects at Power Grid Corporation of India Limited (PGCIL) has approved two major transmission projects, with a total investment of Rs 3.41 billion. The approval was granted on March 13, 2025. The first project “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-B in Jammu & Kashmir” is divided into two parts: Part I: Estimated cost of Rs 1.77…