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Tata Power to acquire Paradeep Transmission from PFC
Tata Power has announced that it has received a Letter of Intent (LoI) from PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation, to acquire Paradeep Transmission Ltd, a project-specific special purpose vehicle (SPV). In an exchange filing, Tata Power stated that the SPV would be developed on a build, own, operate, and transfer (BOOT) basis to provide transmission services for 35 years from the scheduled date of commercial operation. The commercial operation date is…
BHEL wins Rs 61 billion order from NTPC for Sipat thermal power project
Bharat Heavy Electricals Ltd (BHEL) has announced a major order worth over Rs 61 billion from NTPC Ltd for an EPC package at the 1×800 MW Sipat supercritical thermal power project (Stage III) in Bilaspur district, Chhattisgarh. The order includes the supply of equipment such as boilers and turbine generators, along with erection, commissioning, and civil works. The contract was awarded through international competitive bidding. The project is scheduled for completion by September 20, 2028,…
Trump names Chris Wright as energy secretary
President-elect Donald Trump has appointed Chris Wright, a veteran of the US energy sector and CEO of Liberty Energy, as the next energy secretary. Wright is recognised as a pioneer of the American shale revolution, having played a crucial role in advancing hydraulic fracturing technologies that reshaped the global energy landscape. Wright brings decades of experience to the role. He founded and currently serves as the CEO of Liberty Energy, a Denver-based company specializing in…
Massive potential in electrification transition to reduce energy use and costs: IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report highlighting the significant benefits of transitioning to efficient electrification. The report outlines how adopting efficient electric appliances could drastically reduce energy consumption, cut costs for households, and support broader energy security and emissions reduction goals. The report reveals that many households still use inefficient appliances, leading to higher energy consumption and expenses. By switching to efficient electric appliances, electricity demand in many…
esVolta secures $110m tax equity investment for 300MWh energy storage facility
esVolta has obtained a $110 million tax equity investment from Greenprint Capital Management to fund its 300 MWh Hummingbird battery energy storage project in San Jose, California. Set for completion in 2025, the project will provide Pacific Gas & Electric with resource adequacy capacity under a long-term contract and deliver fast-response energy and ancillary services to the California Independent System Operator (CAISO) market. These services are essential for alleviating grid congestion and strengthening the power…
Shilchar Technologies expands transformer manufacturing capacity
Shilchar Technologies has completed a capacity expansion at its transformer manufacturing facility in Gavasad, Vadodara district, Gujarat. The facility’s capacity grew by 3,500 MVA in August 2024, reaching a total of 7,500 MVA annually, effective from October 1, 2024 (H2FY25). Senior management highlighted that the company is fully prepared to maximize this expanded capacity. Shilchar’s order book currently stands at approximately Rs 4.5 billion, expected to be executed over the coming nine months. Demand remains…