Taihan Cable & Solution Company has won a USD 630 million contract from Singapore Powergrid to supply and install a 400 kV ultra-high voltage power grid. The project involves building an underground 400 kV grid, the highest voltage used in Singapore, to meet rising power demands fueled by the growth of AI and data centres.
Taihan Cable will take a full turnkey approach, managing all phases from design and production to installation, connection, and testing of the power grid.
South Africa’s Trade, Industry, and Competition Minister, Parks Tau, highlighted the country’s commitment to enhancing bilateral trade with India, particularly in the energy sector. Speaking at the launch of the India-SA Chamber of Commerce (ISACC), Tau emphasized the growth in trade between the two nations, which has increased from USD 8 billion to USD 13 billion over the past five years, with coal being a significant export to India. Tau stressed the need to diversify…
The Andhra Pradesh government has announced plans to set up Renewable Energy Zones (REZs) and a dedicated university for green energy and circular economy as part of its Integrated Clean Energy Policy (ICEP). These initiatives aim to attract large-scale investments and foster clean energy production within the state. The state will provide Viability Gap Funding (VGF) to support ultra-modern green energy power plants and has set a 20% capital subsidy (up to Rs 50 million…
The Ministry of New and Renewable Energy has issued guidelines for implementing the ‘Model Solar Village’ component under the PM-Surya Ghar: Muft Bijli Yojana as of 9th August 2024. The scheme aims to establish one Model Solar Village in each district across India, promoting solar energy adoption and enabling villages to become self-reliant in their energy needs. A financial outlay of Rs 8 billion has been allocated for this initiative, with Rs 10 million designated…
REC Limited has raised $500 million through green dollar bonds as part of its $10 billion global medium-term programme. This 5-year bond has a coupon rate of 4.75% per annum, with semi-annual payments, and is set to mature on September 27, 2029. It marks the first US dollar bond issuance by an Indian public sector enterprise in 2024. The funds raised under REC’s Green Finance Framework will be allocated to eligible green projects in line…
The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2024. Key changes include the introduction of definitions for “Tariff Regulations, 2024” and “Terminal Bay.” Amendments to regulation 12 focus on handling transmission deviations for generating stations with dual connectivity to both inter-state and intra-state transmission systems. Regulation 13 proposes waivers for transmission charges for hydro pumped storage projects (PSP), energy storage systems (ESS),…
Canadian Solar’s subsidiary Recurrent Energy has signed two 20-year tolling agreements with Arizona Public Service Company (APS), set to boost Arizona’s renewable energy capacity by 2026. The agreements cover the Desert Bloom Storage (600MWh) and Papago Solar (150MWac) projects, both located in Maricopa County, with construction starting in 2025 and operations slated for 2026. These projects join last year’s 20-year tolling agreement for the 1,200MWh Papago Storage project, which will become Arizona’s largest standalone energy…
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