Regulatory Developments in Power Transmission Sector: March 20, 2025

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  WBERC reviews APR order for WBSETCL, adjusts Rs 258.23 million recoverable amount The West Bengal Electricity Regulatory Commission (WBERC) has passed an order on the petition filed by West Bengal State Electricity Transmission Company Limited (WBSETCL) for the review of the Annual Performance Review (APR) order for FY 2019-20 in Case No. APR-85/21. The commission observed that in its APR order for FY 2014-15 (Case No. APR(R)-18/22-23), the consumer contribution of Rs 121.58 million,…

Power Sector News Roundup for March 20, 2025

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Global: Amazon and Google back plan to triple global nuclear energy capacity by 2050 Latest global energy deals: Major acquisitions, PPAs, and investments India: JSW Energy signs PPA for 1,600 MW project in West Bengal, revives Odisha plant Sillahalla hydel project faces opposition over ecological concerns in Nilgiris Four firms win bids for 1,200 MW ISTS-connected wind-solar hybrid project CCI approves JSW Neo Energy’s acquisition of 4,696 MW RE assets from O2 Power Assam signs…

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Latest global energy deals: Major acquisitions, PPAs, and investments

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The global energy sector continues to witness major acquisitions, power purchase agreements (PPAs), and strategic investments. Here are the latest key developments: Key deals and investments in the energy sector Engie acquires 157MW UK renewable portfolio Engie has acquired a 157MW renewable energy portfolio in the UK from MEAG, Munich Re’s asset management arm. The deal includes four solar photovoltaic farms and three onshore wind farms in England and Wales. FRV Australia and OMERS acquire…

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Amazon and Google back plan to triple global nuclear energy capacity by 2050

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Amazon and Google have pledged support for a global initiative to triple nuclear energy capacity by 2050, according to Reuters. The commitment, facilitated by the World Nuclear Association (WNA), has also gained backing from shale company Occidental and Japanese heavy equipment manufacturer IHI. More industry players, including those from maritime, aviation, and oil and gas, are expected to join. The pledge builds on a 2023 commitment by over 30 countries to achieve the same goal….

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PFCCL and REC PDCL invite bids for transmission projects in Madhya Pradesh and Maharashtra

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PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis for the Augmentation of transformation capacity & Implementation of line bays at Mandsaur S/s for RE Interconnection. The bidding process commenced on March 11, 2025, with the last date for submissions set for May 16, 2025. PFCCL has been…

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Insolation Green Energy wins Rs 7.33 bn contracts for solar PV module supply

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Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Limited, has secured contracts worth Rs 7,330.4 million from KPI Green Energy Limited for supplying N-type bifacial (G to G) solar photovoltaic (PV) modules. The modules will be used for solar power projects across India. The contracts include: Rs 5,131.3 million for supplying PV modules for a Gujarat Urja Vikas Nigam Limited (GUVNL) solar power project. Rs 2,199.1 million for supplying PV modules…

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Andhra Pradesh explores small nuclear power plants

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The Government of Andhra Pradesh (GoAP) has shown interest in setting up small nuclear power plants (NPPs) in the state. NTPC Limited has identified a potential site near Anakapalle and submitted a proposal to the state government. The government is also considering a joint venture (JV) with NTPC for the project. During a discussion in the State Assembly, Chief Minister N Chandrababu Naidu emphasized the state’s willingness to explore emerging technologies like small nuclear power…

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Assam signs MoU with Hedge5 for 5 MW RTC RE power project

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The Government of Assam (GoA) has signed a Memorandum of Understanding (MoU) with Hedge5 Manufacturing Solution Private Limited to develop a 5 MW Round-The-Clock (RTC) renewable energy project, integrating solar, wind, and battery energy storage systems (BESS).  The project is expected to be completed by December 2025. At the “Advantage Assam 2.0 Investment and Infrastructure Summit” on March 3, 2025, the government also signed an MoU with Hindustan Powerprojects Private Limited (HPPPL) for a 100…

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CCI approves JSW Neo Energy’s acquisition of 4,696 MW RE assets from O2 Power

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The Competition Commission of India (CCI) has approved JSW Neo Energy Private Limited’s acquisition of 4,696 MW renewable energy projects from O2 Power Private Limited. JSW Neo Energy is a wholly owned subsidiary of JSW Energy Limited (JSWEL). Under the deal, JSWEL will acquire the renewable energy platform of O2 Power Pooling Pte. Limited, including O2 Power Midco Holdings Pte. Limited and O2 Energy SG Pte. Limited, for an enterprise value of Rs 124.68 billion…

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Four firms win bids for 1,200 MW ISTS-connected hybrid project

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On March 18, 2025, four firms secured bids to develop the 1,200 MW Inter State Transmission System (ISTS)-connected wind-solar hybrid project (NTPC-03) across India. NLC India Limited won the largest share, securing 450 MW at a tariff of Rs 3.35 per kWh. EG Solwin Renewables Private Limited (Enfinity Global) won 300 MW at the same tariff. Welspun New Energy Limited (Welspun Energy Limited) secured 250 MW, also at Rs 3.35 per kWh. Adani Renewable Energy…