The Government of India has applied for a USD 186 million loan from the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project Phase II.
The initiative aims to strengthen Assam’s electricity transmission system by constructing new transmission sub-stations, upgrading existing ones, and installing optical power ground wire (OPGW) in the state.
Ocean Winds (OW) has submitted its first planning consent application for onshore works to Aberdeenshire Council for the 2 GW Caledonia offshore wind project in Scotland. This follows the completion of the project’s environmental impact assessment (EIA), which includes detailed studies of both onshore and offshore infrastructure. The onshore component of the Caledonia project includes a substation and underground cables to transmit power generated by the offshore facility. Aberdeenshire Council has opened a formal public…
The Union Cabinet has approved the BioE3 (Biotechnology for Economy, Environment, and Employment) Policy, proposed by the Department of Biotechnology, aimed at fostering high-performance biomanufacturing in India. The BioE3 policy focuses on innovation-driven support for research and development (R&D) and entrepreneurship across various thematic sectors. It aims to accelerate technology development and commercialization by establishing biomanufacturing and Bio-AI hubs, as well as biofoundries. This policy will further reinforce government initiatives such as achieving a ‘Net…
The Central Electricity Authority (CEA) has proposed draft regulations titled “Draft Central Electricity Authority (Cybersecurity in Power Sector) Regulations 2024” to enhance cybersecurity across India’s power sector. The CEA is currently seeking public comments on these draft regulations. Key Proposals: Creation of CSRIT-Power: The draft regulations propose the establishment of a “Computer Security Incident Response Team (CSRIT) – Power” under the CEA. This entity will be responsible for collecting traffic data from all “responsible entities”…
The US Bureau of Ocean Energy Management (BOEM) has completed an environmental review for six wind lease areas in the New York Bight, potentially generating up to 7GW of offshore wind energy. This development supports the Biden-Harris administration’s goal of deploying 30GW of offshore wind capacity by 2030. The lease areas span 488,000 acres off the coasts of New York and New Jersey, with the potential to supply power to two million homes. BOEM’s review,…
NLC India Limited has posted a net profit of Rs 9.82 billion for the quarter ending September 2024, marking a 9.58% decrease from the Rs 10.86 billion reported in the same period last year. However, the company’s total income rose by approximately 35%, reaching Rs 43.70 billion for the quarter, compared to Rs 32.34 billion in the corresponding period of the previous year.
Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan. The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.