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RMC Switchgears secures EPC contract for solarising agricultural feeders in Maharashtra
RMC Switchgears Limited has won an engineering, procurement, and construction (EPC) and operation and maintenance (O&M) contract worth Rs 2.01 billion to develop a solar power project aimed at solarising agricultural feeders in Maharashtra. The project was awarded through a competitive bidding process and an e-reverse auction, supporting efforts to enhance the state’s agricultural energy sustainability.
Havells India: Cables business grows 23 per cent in Q2FY25
Havells India reported a revenue increase of 22.8% year-on-year in its cables business for Q2 FY25 (July to September). Revenue reached Rs 18.05 billion, up from Rs 14.70 billion in Q2 FY24. Anil Rai Gupta, Chairman & Managing Director of Havells India, highlighted the growth across categories, driven by improving consumer demand and the festive season. However, he noted that margins were impacted due to commodity price volatility. Gupta expressed optimism about future demand, citing…
China pumped in over $100 billion overseas in cleantech since 2023
Chinese firms have invested over $100 billion in overseas clean energy projects since 2023, according to a report by Australian research group Climate Energy Finance (CEF). The investments, largely aimed at circumventing tariffs in the U.S. and other regions, reflect China’s global dominance in solar panels, lithium batteries, and electric vehicles. China leads the world in clean energy manufacturing, accounting for 78.1% of global solar panel production, 24.1% of lithium batteries, and 32.5% of electric…
Fadnavis announces scheme allowing farmers to sell surplus solar power to grid
Maharashtra’s Deputy Chief Minister Devendra Fadnavis announced a new scheme that will allow farmers to sell surplus electricity generated from their solar pump panels to the grid, offering them an additional source of income. He noted that before 2014, farmers faced difficulties in obtaining electricity connections, but the current administration has prioritised addressing this issue. Under the ‘Magel Tyala Solar Krushi Pump Scheme,’ farmers now receive solar pumps with a 90% subsidy, ensuring reliable daytime…
New substation proposed in Assam to strengthen NER-ER grid interconnection
A new 400kV substation has been proposed in Bornagar, Assam, as part of the interstate transmission system (ISTS) network, to provide an alternative interconnection between the northeastern region (NER) and eastern region (ER) grids. This initiative aims to address the risk of supply disruptions, as the current gateway to the NER grid, the Bongaigaon substation, is located in a flood-prone area. The Central Transmission Utility of India Ltd (CTUIL) has supported this proposal, initially recommended…
CEA recommends addition of 80 GW of coal-based capacity by 2031-32
The Central Electricity Authority (CEA) has recommended a coal and lignite-based installed capacity of 283 GW, up from the current 217.5 GW. Consequently, the Ministry of Power (MoP) is planning to establish an additional minimum of 80 GW of coal-based capacity by 2031-32. This expansion is expected to entail an expenditure of at least Rs. 6,672 billion by 2031-32. According to Intended Nationally Determined Contributions (INDCs), the country is committed to achieving approximately 50 per…