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PGCIL completes acquisition of two ISTS schemes for power transmission
Power Grid Corporation of India Ltd (PGCIL) has finalized the acquisition of two interstate transmission system (ISTS) projects awarded through a tariff-based competitive bidding process. These projects were transferred from bid process coordinator PFC Consulting Ltd (PFCCL) on November 7, 2024. The projects will operate under the build, own, operate, and transfer model. The first project, Barmer I Transmission Ltd, is a transmission system intended for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase…
IREDA Chairman calls for Green Taxonomy and lower borrowing costs
Shri Pradip Kumar Das, Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), emphasized the agency’s commitment to reducing borrowing costs and improving the bankability of India’s renewable energy sector at the CII Financing 3.0 Summit in Mumbai. He stressed the importance of a Green Taxonomy in accelerating the growth of India’s green energy initiatives. During his address on “Green Financing, Climate Risks and Sustainable Taxonomy: Way Forward,” Shri Das highlighted…
Union Cabinet approves Rs 34.35 billion PM-eBus Sewa scheme for electric buses
The Union Cabinet has approved the “PM-eBus Sewa-Payment Security Mechanism (PSM) scheme” with an outlay of Rs 34.35 billion. The scheme aims to support the procurement and operation of over 38,000 electric buses (e-buses) from FY 2024-25 to FY 2028-29, with a 12-year operational period from deployment. Currently, most buses operated by Public Transport Authorities (PTAs) run on diesel or CNG, contributing to environmental pollution. E-buses, being eco-friendly and cost-efficient, are a more sustainable option….
US DOE finalizes $72.8 million loan guarantee for microgrid in California
The US Department of Energy (DOE) has approved a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, supported by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery. The Viejas Band of Kumeyaay Indians will secure electricity through a long-term power purchase agreement (PPA) with the project company, reducing energy…
Premier Energies’ subsidiaries receive orders worth Rs 5.6 bn
Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion. Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells. The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.
SJVN invites bids for 5.8 MW rooftop solar projects
SJVN has issued a tender for the installation of 5.8 MW grid-connected rooftop solar power systems on Union Government buildings across several states, including Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan. The project is part of the PM Surya Ghar: Muft Bijli Yojana and follows the Renewable Energy Service Company (RESCO) model. Bidders are required to submit Rs 5,900 as a document fee, Rs 5,000 plus 18% GST for bid processing, and…