Bhartiya Nabhikiya Vidyut Nigam Limited (BHAVINI) plans to begin commercial operations of the 500 MW Prototype Fast Breeder Reactor (PFBR) at the Madras Atomic Power Station in Kalpakkam, Tamil Nadu, by the end of 2025.
The Kalpakkam facility currently has two operational 220 MW Pressurised Heavy-Water Reactors (Units 1 and 2), a 500 MW PFBR (Unit 3) under construction, and two planned 600 MW Fast Breeder Reactors (Units 4 and 5).
Fitch Ratings reported that Indian wind and solar project-finance transactions performed better in the financial year ending March 2024 (FY24), even though overall power generation slightly missed the one-year P90 forecasts. Portfolio-level generation grew by 4% due to new asset additions, with solar generation rising by 2%, meeting the one-year P90 estimate. Wind generation increased by 8%, a recovery from the 5% shortfall in FY23, although it still fell slightly short of forecasts. Cash collection…
Avaada Group has proposed an investment of Rs 50 billion in Madhya Pradesh during a meeting with Chief Minister Mohan Yadav on September 16, 2024. This announcement was made during the Renewable Energy Investors Meet in Gandhinagar. Sembcorp Group expressed interest in the Morena and Neemuch solar projects, while Borosil Group plans to set up a solar panel glass production unit. The Wind Power Association requested the development of wind parks, and Torrent Power called…
Henkel Adhesives Technologies India Private Limited (Henkel India) has partnered with CleanMax to reduce absolute emissions through a captive solar Power Purchase Agreement (PPA). The solar power project, located in Maharashtra, will be owned and operated by CleanMax and will supply solar power to Henkel India’s Kurkumbh and Thane manufacturing sites. This partnership will lead to annual carbon savings of over 4,500 tonnes at these sites. Henkel India is also setting a Net-Zero pathway for…
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited. The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).” The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.
The first solar park under the MukhyaMantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0) has started generating daytime power for farmers in Dhondalgaon village, Chhatrapati Sambhaji Nagar district, Maharashtra. Led by the Maharashtra State Electricity Distribution Company (MSEDCL), the 3 MW solar project is part of the state’s larger goal of developing 9,200 MW of solar energy under MSKVY 2.0 to solarise 30% of feeders by 2025. The project, developed on 13 acres of public…
In his Independence Day speech on August 15, Prime Minister Narendra Modi emphasized the nation’s focus on promoting green growth and creating sustainable employment opportunities. Modi highlighted India’s ambition to lead in green hydrogen production and its dedication to generating jobs in environmental conservation and renewable energy sectors. The International Labour Organisation (ILO) projects that the circular economy, which includes reusing, recycling, and sustainable manufacturing, will create numerous green jobs. Since 2015, demand for green…