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MAHAGENCO-NTPC consortium top bidder for Sinnar Thermal Power plant
A consortium of Maharashtra’s state-owned MAHAGENCO and NTPC has emerged as the top bidder to acquire the 1,350 MW Sinnar Thermal Power plant near Nashik, with a bid of Rs 38 billion, surpassing Adani Power in the initial bidding round. The consortium could potentially leverage its existing 2,190 MW Koradi power plant near Nagpur to supply coal and operate the Sinnar facility. The plant, originally developed by Indiabulls Power and currently a subsidiary of RattanIndia…
RMC Green Energy to establish 50 MW Renewable Energy Park in Rajasthan
RMC Green Energy, a subsidiary of RMC Switchgears, has received approval from the Rajasthan Renewable Energy Corporation to set up a 50 MW Renewable Energy Park in Rajasthan. This milestone marks the parent company’s entry into the solar park business as a renewable independent power producer (IPP) under the Rajasthan Renewable Energy Policy 2023. RMC is targeting over 600 MWp in additional projects to reach its goal of securing 1 GWp in EPC contracts over…
WSP to acquire Power Engineers in $1.78 billion deal
Global professional services firm WSP has announced its acquisition of Power Engineers, a prominent US-based consultancy in the power and energy sector, for $1.78 billion. This strategic move aligns with WSP’s vision to expand its services and enhance its position in the energy transition market. Power Engineers, which employs 4,000 people, including 900 shareholders, has been a key player in serving North American power utilities. The acquisition has been unanimously approved by the boards of…
Alpex Solar plans to double solar module capacity to 2.4 GW by FY26
Solar solutions provider Alpex Solar is set to double its photovoltaic solar module capacity to 2.4 GW by FY26. The company is developing a greenfield project with 1.2 GW capacity at Kosi Kotwan, Mathura in Uttar Pradesh. Alongside this, Alpex Solar is exploring entry into solar cell manufacturing at gigawatt scale to meet rising domestic and global demand. The company recently completed the expansion of its solar PV module capacity to 900 MW, with the…
CM solar self-employment scheme takes off in Uttarakhand
The Chief Minister Solar Self-Employment Scheme in Uttarakhand has enabled hundreds of locals to set up small solar plants, generating self-employment while bolstering the rural economy. Chief Minister Pushkar Singh Dhami highlighted Uttarakhand’s favourable solar conditions, with ample sunshine even during winter, making it ideal for solar power generation. Eligible residents can install solar plants ranging from 20 to 200 kW capacity, with the Uttarakhand Power Corporation Limited (UPCL) purchasing all generated electricity. Loans are…
India to launch CCUS mission with incentives to achieve net-zero targets
The government is developing a policy framework to implement Carbon Capture, Utilisation, and Storage (CCUS) technology, aiming to help the country meet its net-zero targets by 2070. The forthcoming CCUS mission will focus on capturing carbon dioxide from large-point sources, particularly fossil fuel power generation units. The mission is expected to include financial incentives, such as viability gap funding, carbon pricing mechanisms, carbon trading, and production-linked incentives (PLI) to attract private sector investment. The mission…