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NTPC and ONGC establish JV for renewable energy projects

India, News

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, and ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), have formed a 50:50 joint venture named ONGC NTPC Green Private Limited (ONGPL).  The Ministry of Power approved the formation of this joint venture, which has an authorised capital of Rs 1 million. ONGPL will focus on renewable energy projects, including greenfield developments and acquisitions of existing assets, with a particular…

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NTPC and ONGC partner to drive renewable energy expansion in India

India, News

NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy.  A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy assets.  It is also eyeing…

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ONGC Green to acquire 288.8 MW of wind power assets from PTC India

India, News

ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), has signed a share purchase agreement (SPA) with PTC India Limited to acquire its 288.8 MW operational wind power projects. The projects, consisting of 157 wind turbine generators, are located across Andhra Pradesh, Madhya Pradesh, and Karnataka.

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ONGC, JSW Neo Energy, Sembcorp shortlisted for majority stake in Ayana Renewable 

India, News

Oil and Natural Gas Corporation (ONGC), JSW Group’s Neo Energy, and Singapore’s Sembcorp Industries Ltd have been shortlisted to submit binding bids for a significant majority stake in Ayana Renewable Power Pvt Ltd, according to a report by Mint. The stake, valued at approximately $800 million, is part of a sale process that could become one of the largest transactions in India’s green energy sector. The three companies are currently in the due diligence phase…

Power Sector News Roundup for November 18, 2024

Power Bytes

Global: Green Nation unveils plans for 750 MW Whitestone Solar Farm in the UK. B&W secures a $246 million coal-to-natural gas conversion project for AES Indiana. Alcazar Energy signs an MoU for a 2 GW onshore wind farm in Egypt. India: Trilateral power flow from Nepal to Bangladesh via India begins. NTPC and ONGC establish a joint venture for renewable energy projects. RECPDCL invites bids for transmission system development in Madhya Pradesh. Chubu Electric increases…

Power Sector News Roundup for November 5, 2024

Power Bytes

Global: ACWA Power secures $240 million IFC loan for Uzbekistan’s RE projects HydroWing and PLN to develop Indonesia’s first tidal energy plant Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project Avantus sells Catclaw Solar and Energy Storage Project to DESRI India: Premier Energies’ subsidiaries receive orders worth Rs 5.6 billion Gensol Engineering secures Rs 7.8 billion solar EPC order in Maharashtra NTPC and ONGC partner to drive…

Institutional Infrastructure of Energy in India

Power 101

India’s energy sector is supported by a vast and multi-tiered institutional infrastructure that includes ministries, regulatory bodies, public sector undertakings (PSUs), and research institutions. These entities work together to manage, regulate, and oversee energy production, distribution, and policy implementation. Below is an overview of the key institutions involved in India’s energy landscape. Ministries Ministry of Power (MoP): The Ministry of Power is responsible for developing and managing the country’s power sector. It oversees electricity generation,…

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KEPCO announces compensation details for East-5 section of 500 kV HVDC East Coast─Singapyeong transmission line

Global, News

South Korea’s Korea Electric Power Corporation (KEPCO) has outlined the compensation agreement for the East-5 section of its 500 kV HVDC East Coast─Singapyeong transmission line. This major project will enable the evacuation of 6.8 GW of power from various thermal plants, including Samcheok. The project involves constructing 225 km of transmission lines, divided into 11 sections, and includes building 440 transmission towers. The western section spans approximately 85 km, covering areas from Hoengseong to Hongcheon,…