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THDCIL to invest Rs 88 billion in 1,600 MW pumped storage projects in Rajasthan

India, News

State-owned THDC India Ltd (THDCIL) has signed an agreement with the Rajasthan government to develop two 800 MW pumped storage projects (PSPs) in Bundi and Tonk, with a total capacity of 1,600 MW. The projects, requiring an investment of Rs 88 billion, aim to bolster energy storage solutions and grid stability. The Bisanpura PSP will source water from the Gudha Dam, while the Rampura PSP will utilize water from the Bisalpur reservoir. THDCIL, which started…

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THDC begins draft tube installation at 444 MW Vishnugad Pipalkoti HEP

India, News

THDC India Limited has commenced the installation of the draft tube in Unit 1 of the 444 MW Vishnugad Pipalkoti hydroelectric project (HEP) on the Alaknanda River in Uttarakhand. The draft tube plays a key role in directing water that has passed through the turbine back into the river, maintaining pressure and enabling energy recovery, which is crucial for optimizing the efficiency of power generation. The project is situated near Helong village.

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THDCIL signs MoU with Maharashtra for 6,790 MW pumped hydro projects

India, News

On September 3, 2024, THDC India signed a memorandum of understanding (MoU) with the Department of Water Resources, Maharashtra, to develop six pumped hydro power storage projects totalling 6,790 MW, with an estimated investment of over Rs 336 billion. The six projects planned under this MoU are: Malshej Ghat Pumped Storage Project (700 MW) Aruna Pumped Storage Project (1,950 MW) Kharari Pumped Storage Project (1,250 MW) Humbarli Birmani Pumped Storage Project (1,000 MW) Aruna Kolamb…

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Insolation Energy secures Rs 5 billion contract for rooftop solar in Rajasthan

India, News

Insolation Energy Limited has won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan.  The project includes the design, supply, erection, testing, commissioning, and installation of rooftop solar photovoltaic (PV) systems on state government and government-owned buildings in Jaipur, Ajmer, and Kota districts. Under the contract, a 67 MW solar plant will be set up in Jaipur, while Kota…

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Uttar Pradesh targets 14,000 MW solar power

India, News

Uttar Pradesh is advancing its renewable energy goals by partnering with energy firms to establish floating solar power plants, aiming to reach 14,000 MW of solar power generation by 2027.  Under the ‘PM Surya Ghar Yojana’, the state targets connecting 2.5 million households to solar energy. Floating solar projects are planned for seven reservoirs, in collaboration with NTPC, Tehri Hydro Development Corporation (THDC), and Satluj Jal Vidyut Nigam (SJVN), according to a government official. The…

Power Sector News Roundup for October 3, 2024

Power Bytes

Global: Iran and Tajikistan are in discussions to enhance cooperation in electricity, water, and other key sectors. Masdar expands in US with 50 per cent acquisition of Terra-Gen Big Tech are spurring demand for SMRs and fusion reactors Brazilian mining giant Vale and European hydrogen company Green Energy Park (GEP) announce collaboration to build green hydrogen production facility in Brazil Newcleo secures €135m investment, plans further European expansion First nuclear plant recommissioned in US history…

Key Power Sector News Roundup for September 27, 2024

Power Bytes

Marsons Secures LoI for 150 MW Solar Plant in Rajasthan  Marsons has received an LoI from Nacof Oorja to develop a 150 MW solar PV plant in Rajasthan for Rajasthan Renewable Energy Corporation Limited under the KUSUM Scheme Megha Engineering to Invest Rs 210 Billion in Two Hydro Projects Megha Engineering & Infrastructures Ltd (MEIL) will invest Rs 210 billion in two pumped storage hydro projects in Maharashtra, totalling 4,000 MW. The Kamod and Ghosla…

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Maharashtra signs Rs 475 billion MoUs for renewable energy projects

India, News

The Maharashtra government has signed MoUs with four companies worth Rs 475 billion to develop renewable energy projects, in line with the state’s goal to achieve 50% renewable energy by 2030. These projects are expected to create 18,828 jobs, as announced by Deputy Chief Minister Devendra Fadnavis. The companies involved include SJVN, MahaGenco Renewable Energy Ltd, RECPDCL, THDC, and HPRGE-HPCL. Key projects under these agreements include: RECPDCL: A 500 MW hybrid project with an investment…

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Indian state-run companies to raise Rs 50 billion through long-term bonds amid falling yields

India, News

Indian state-run companies, including THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency, are set to raise around Rs 50 billion ($595.61 million) through long-term bonds in the next two weeks. This move takes advantage of falling government bond yields and limited state debt supply, creating strong investor demand. With India’s 10-year bond yield at around 6.85% and 15-year yield at 6.90%, insurance companies are keen to invest in highly rated, long-duration…