ACWA Power has signed a power purchase agreement (PPA) with PT Perusahaan Listrik Negara (PLN) for the 60 MW Saguling floating solar photovoltaic (PV) project in Indonesia. This project is part of PLN’s strategy to increase the share of renewables to 23% by 2025. The Saguling project, along with the Singkarak floating solar PV project, represents a combined investment of USD 105 million.
The Millennium Challenges Account Nepal Development Committee (MCA-Nepal) has awarded a USD 38.89 million contract to India’s Techno Electric and Engineering Limited for constructing a 400KV substation at Damauli, Tanahun. The Damauli substation will facilitate electricity transmission from Ratmate, Lekhnath, and New Butwal, supported by the MCC-Nepal Compact to ensure power supply across a 314-km stretch from Kathmandu to Bardaghat Susta near the Indian border.
NTPC Limited has released its key performance highlights and unaudited financial results for the quarter ending June 30, 2024. Let’s have a look at the key performance highlights. Installed and Commercial Capacity As of June 30, 2024, NTPC’s installed capacity reached 76,048 megawatts (MW), an increase of 3,024 MW from June 2023. Similarly, NTPC’s standalone installed capacity rose to 59,168 MW, an uptick of 2,130 MW. The commercial capacity stood at 76,048 MW—an increase of…
Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while Latham & Watkins represented the…
NTPC has synthesised CO2 captured from flue gas with hydrogen produced from a PEM electrolyser to create methanol at its Vindhyachal plant. NTPC Chairman Gurdeep Singh, speaking at the company’s 50th Raising Day, highlighted that both the CO2 capture plant and the CO2-to-methanol plant are the first of their kind globally, a historic advancement in sustainable fuel production. NTPC is also progressing in areas like Gen-4 ethanol, green urea, and sustainable aviation fuel. The company…
Tata Power EV Charging Solutions Limited, a subsidiary of Tata Power Renewable Energy Limited, has signed a Memorandum of Understanding (MoU) with Tata Motors to establish 200 fast-charging stations for electric commercial vehicles across major metropolitan cities, including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata. As part of the initiative, Tata Motors and Tata Power will offer exclusive charging tariffs to Tata Motors’ electric commercial vehicle owners, reducing operational costs and enhancing profitability. The planned expansion…
Power Construction Corporation of China (PowerChina) has officially transferred the 500 kV Thung Song substation project to Thailand’s Electricity Generating Authority of Thailand (EGAT) after successful site acceptance tests. Located in Nakhon Si Thammarat, southern Thailand, the project is crucial for enhancing grid transmission capacity and ensuring stable power operations in the region. The project involved renovating and expanding an existing 230 kV air-insulated switchgear substation and constructing a new 500 kV gas-insulated switchgear substation.
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