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JSW wins 1,500 MW pumped hydro storage contract from MSEDCL
JSW Neo Energy, a subsidiary of JSW Energy, has received a letter of intent (LoI) from Maharashtra State Electricity Distribution (MSEDCL) to provide 1,500 MW/12,000 MWh of pumped hydro energy storage. The Bhavali pumped hydro project, located across Nashik and Thane districts, will feature an eight-hour discharge capacity with a maximum of five continuous hours of discharge. The energy storage capacity will be provided for 40 years. With this order, JSW Neo Energy’s total locked-in…
Pakistan to retire costly power plants to reduce electricity prices
Federal Minister for Energy Owais Leghari has announced plans to retire expensive power plants to reduce electricity prices across Pakistan. Speaking in Islamabad after a meeting with MQM National Assembly members, he highlighted the government’s commitment to lowering energy costs and detailed progress in rescheduling energy sector debt with China. Leghari attributed the rise in capacity payments to the devaluation of the rupee and increased interest rates. He also emphasized the government’s ongoing efforts to…
US DOE announces $2.2 billion investment for grid modernization, $63 million for battery recycling
The US Department of Energy (DOE) has unveiled a $2.2 billion initiative to modernize the nation’s power grid, supported by the Bipartisan Infrastructure Law’s Grid Resilience and Innovation Partnerships (GRIP) programme. This investment will fund eight key projects across 18 states, aiming to enhance grid resilience against extreme weather, reduce community energy costs, and expand capacity for manufacturing and data centres. The comprehensive upgrade is expected to boost the grid’s capacity by 13GW, including 4,800MW…
SECI’s latest solar tender shakes up market with Rs 4.98 tariff for 630 MW
The Solar Energy Corporation of India’s (SECI) recent renewable energy tender has stirred the solar market, setting a tariff rate of Rs 4.98-4.99 per unit for 630 megawatts (MW) of solar power. This power will be supplied to BSES Rajdhani Power, BSES Yamuna Power, and Gift City in Gandhinagar. Vena Energy, Hero Future Energies, Hexa Climate, JSW Energy, and Serentica Renewables secured the bids, with JSW Energy winning 230 MW at Rs 4.98 per unit,…
NTPC Green and MAHAPREIT form JV for 10 GW renewable energy projects
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.
E.ON Hydrogen appoints ANDRITZ for green hydrogen electrolyzer plant study in Essen
E.ON Hydrogen has selected ANDRITZ to conduct an engineering study for a 20 MW green hydrogen electrolyzer plant in Essen, Germany. This marks ANDRITZ’s second green hydrogen project in Germany within a year. The plant is expected to produce 2,300 tonnes of green hydrogen annually, which will be used by local transportation companies and industries in the Essen Harbour area. The contract includes feasibility and safety studies for hydrogen production, compression, storage, and trailer loading…