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India to establish first 800-MW AUSC thermal power plant in Korba

India, News

India’s first 800-MW advanced ultra-supercritical (AUSC) thermal power plant will be established in Korba, Chhattisgarh. The project is a collaboration between NTPC and BHEL, with support from the Indira Gandhi Centre for Atomic Research. In July 2024, Finance Minister Nirmala Sitharaman announced the joint effort by NTPC and BHEL to develop this innovative thermal power plant. The technology, indigenously developed through joint research and development, will be deployed in a full-scale 800 MW commercial plant,…

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AMPIN Energy and CIP to invest USD 300 million in India’s renewable projects

India, News

AMPIN Energy Transition has partnered with Copenhagen Infrastructure Partners (CIP) to invest USD 300 million in renewable energy projects across India.  This joint effort aims to establish a renewable energy asset base valued between USD 2.7 billion and USD 3 billion. Building on a USD 200 million joint equity commitment made in 2021, the collaboration highlights their focus on accelerating India’s green transformation and fostering innovation within the energy sector. AMPIN Energy Transition currently manages…

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India’s interregional electricity transfer grows 7.8% in H1FY25

India, News

The interregional electricity transfer in India grew 7.8% year-on-year in the first half (H1: April to September) of FY25, reaching 134,714 MU (million units), up from 123,918 MU in H1FY24, according to Grid Controller of India Ltd (GRID-INDIA). Key Highlights: WR-NR transfers: Exports from the Western Region (WR) to the Northern Region (NR) surged by 34.3%, totalling 54,099 MU in H1FY25, representing 40.2% of the total interregional transfers, up from 32.5% in H1FY24. Western Region…

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B&W secures $246m coal-to-natural gas conversion project for AES Indiana

Global, News

Babcock & Wilcox’s (B&W) Thermal segment has received full notice to proceed on a $246 million coal-to-natural gas conversion project at AES Indiana’s Petersburg Generating Station.   The project involves converting two coal-fired boilers at the 1.16 GW Petersburg plant to operate on natural gas, significantly lowering the facility’s carbon footprint. B&W Thermal will handle the design and installation of the new natural gas system, air systems, and associated equipment. B&W Construction (BWCC) will manage the…

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Trilateral power flow from Nepal to Bangladesh via India begins

India, News

Union Minister Manohar Lal Khattar and officials from Nepal and Bangladesh inaugurated the first trilateral power flow transaction on 15 November 2024.  The event marked the transmission of hydroelectric power from Nepal to Bangladesh, facilitated through India’s electricity grid. The power transaction stems from the Regional Cooperation for Power Purchase, Sale, Distribution, and Transmission agreement signed in June 2023 during Nepal Prime Minister Pushpa Kamal Dahal’s visit to India. Under the agreement, Nepal exports 40…

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Sterlite Power and Infravision partner to modernize India’s power transmission infrastructure

India, News

Sterlite Power has teamed up with Infravision to modernize India’s power transmission infrastructure using advanced, technology-driven construction methods.  India’s plan to build 50,000 ckm of transmission lines by 2030 underscores the need for efficient, scalable solutions, and Sterlite Power aims to be a key player in this transformation. Through this partnership, Infravision will provide its innovative transmission construction technology to support 100% of Sterlite Power’s stringing needs across high-voltage projects, ranging from 400 kV to…

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Coal India reports 22% decline in Q2 net profit

India, News

Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.  The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.

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India signs MoU with IEA for critical minerals cooperation

India, News

The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals.  This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and…

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Survey highlights cost and skill challenges in India’s solar energy adoption

India, News

A recent survey, “Solar Spectrum of New India,” by Luminous Power Technologies, reveals rising consumer interest in solar energy in India, yet highlights affordability and skilled labour as key barriers.  The survey indicates that 52% of respondents would consider solar power with better financing options, while 92% see installation costs as a primary deterrent. Despite 76% of participants noting easy access to solar technologies, high costs remain a hurdle, especially in price-sensitive areas. Regional insights…

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Mahanagar Gas to invest Rs 2.3 billion in battery gigafactory with IBC India

India, News

Mahanagar Gas Limited (MGL) has announced an investment of Rs 2.3 billion in International Battery Company (IBC) India to develop a gigafactory in Bengaluru, focused on producing prismatic NMC Li-ion cells for mobility and battery storage applications. This partnership aims to meet India’s demand for locally manufactured battery cells, which are currently imported. MGL has entered a share subscription and shareholding agreement with IBC US, forming a joint venture through IBC India with a 44:56…