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Andhra Pradesh to launch Integrated Renewable Energy Policy with major investments

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The Andhra Pradesh government will soon unveil an ‘Integrated Renewable Energy Policy,’ following Brookfield’s announcement to invest over Rs 500 billion in the state over the next three to five years. The policy will cover solar, wind, hybrid energy, energy storage, green hydrogen, biofuels, and electric vehicle charging infrastructure.

Brookfield’s joint venture with Axis Energy, Evren, plans to install a total of 8,873 MW of solar and wind capacity in Andhra Pradesh.

State Minister Nara Lokesh also met with Foxconn representatives, who are interested in setting up an electric vehicle manufacturing unit and other tech facilities in the state. Additionally, Naidu met with World Bank and ADB representatives to discuss the reconstruction of Amaravati, aiming to develop it into a futuristic capital city.

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Adani Power signs agreement to acquire Dahanu thermal power station

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Adani Power Limited (APL) has signed a business transfer agreement (BTA) with North Maharashtra Power Limited (NMPL) to acquire the Adani Dahanu thermal power station (ADTPS), which has a capacity of 2×250 MW (500 MW) in Dahanu, Maharashtra. With this acquisition, Adani Power’s total generation capacity will increase to 17,550 MW.

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UK Government warned of risks from extended windfall tax on energy companies

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The UK government faces warnings over its proposal to increase and extend the windfall tax on energy companies, which could threaten thousands of jobs and billions in investments. Offshore Energies UK (OEUK), supported by more than 40 organisations, expressed concerns in an open letter to Sarah Jones, UK Minister of State for Industry and Decarbonisation, regarding the recent approval of a 3% increase in the Energy Profits Levy (EPL), raising the rate to 78% and…

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Tata Power’s subsidiary begins solar cell production in Tamil Nadu

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TP Solar, a subsidiary of Tata Power Renewable Energy (TPREL), has commenced commercial production at its 2 GW solar cell manufacturing facility in Tirunelveli, Tamil Nadu, marking it as the largest single-location solar cell and module plant in India.   The plant currently has a 2 GW production capacity, which will expand by another 2 GW in the coming weeks. The Tirunelveli plant, with a total cell and module manufacturing capacity of 4.3 GW, has produced…

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L&T partners with US firm for global nuclear power deployment

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Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with US-based Clean Core Thorium Energy (CCTE) to provide efficient clean energy solutions globally.  The partnership focuses on deploying nuclear power, especially in developing countries needing substantial carbon-free electricity. The collaboration will utilize CCTE’s ANEEL (Advanced Nuclear Energy for Enriched Life) fuel, designed for pressurized heavy water reactors like CANDU. This fuel combines thorium and high assay low-enriched uranium, aiming to cut operating costs…

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NLC India reports Rs 9.82 billion net profit for Q2FY25

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NLC India Limited has posted a net profit of Rs 9.82 billion for the quarter ending September 2024, marking a 9.58% decrease from the Rs 10.86 billion reported in the same period last year.  However, the company’s total income rose by approximately 35%, reaching Rs 43.70 billion for the quarter, compared to Rs 32.34 billion in the corresponding period of the previous year.

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RECPDCL issues RFP for 4.5 GW renewable power transmission project

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REC Power Development and Consultancy Limited (RECPDCL) has issued a Request for Proposal (RFP) for an interstate transmission system (ISTS) project to evacuate 4.5 GW of renewable energy from the Kurnool-IV Renewable Energy Zone (REZ) Phase 1 in Andhra Pradesh. The bid submission deadline is set for December 30, 2024. This RFP follows a recent RECPDCL tender to establish an ISTS project for expanding the pumped hydro storage network near Talegaon, Pune, Maharashtra.

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