Author: Power Peak Digest Team Pub Date: November 22, 2024
Similar Posts
Oil India to set up subsidiary for green energy foray
Author: Power Peak Digest Team Pub Date: December 26, 2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to diversify into renewable energy and decarbonisation technologies. The subsidiary will oversee initiatives in biofuels, green hydrogen, renewable energy, carbon capture utilization and storage (CCUS), methanol, and geothermal energy. OIL aims for…
Ramalingam Construction emerges as L1 bidder for Kerala distribution project
Author: Power Peak Digest Team Pub Date: September 27, 2024 Ramalingam Construction has been declared the lowest (L1) bidder for the development of distribution infrastructure in the Kozhikode and Palakkad districts of Kerala. The turnkey contract, awarded by Kerala State Electricity Board (KSEB), falls under the Northern Region Package-I as part of the revamped reforms-based and results-linked distribution sector scheme. The bid value for the project is Rs 2.14 billion.
Tivolt and Tata Power to develop EV charging infrastructure
Author: Power Peak Digest Team Pub Date: December 13, 2024 Tivolt Electric Vehicles Private Limited, a subsidiary of TI Clean Mobility, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an electric vehicle charging ecosystem. Under the agreement, TPREL will use its expertise to establish charging stations at Tivolt dealerships, customer locations, and high-traffic public spaces across the country.
Port of Açu and Yamna collaborate on green ammonia project
Author: Power Peak Digest Team Pub Date: January 10, 2025 Port of Açu Operações and Yamna Co Ltd have signed a land reservation agreement to develop a green ammonia project at the Port of Açu’s industrial complex in northeast Rio de Janeiro State. The agreement reserves two million square meters for green hydrogen initiatives, adding to the one million square meters already licensed at the port. The Port of Açu, owned by Prumo Logística and…
India’s interregional electricity transfer grows 7.8% in H1FY25
Author: Power Peak Digest Team Pub Date: November 20, 2024 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…
European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen reports
Author: Power Peak Digest Team Pub Date: October 21, 2024 According to LevelTen, a price tracking platform, European power purchase agreement (PPA) prices for green electricity dropped by 12.4% in Q3 2024 compared to the same period in 2023. This decrease is attributed to declining inflation and reduced market volatility following the COVID-19 pandemic and the 2022 energy crisis. LevelTen’s quarterly report suggests that current stable market conditions present an opportunity for buyers to secure…