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Apollo Green plans 500 MW solar module plant
Apollo Green Energy is set to establish a 500 MW solar module plant within the next two to three years, aligning with India’s target to reach 500 GW of renewable capacity by 2030, up from the current 154 GW. The company, specializing in renewable projects, has an order book of Rs 35 billion (USD 416 million) and aims to expand it to Rs 100 billion within this financial year. The site for the plant is…
RRECL invites bids for 282 MW rooftop solar projects
Rajasthan Renewable Energy Corporation Limited (RRECL) has issued a tender for the development of 282 MW of grid-connected rooftop solar photovoltaic (PV) projects on government buildings across Rajasthan. The bid submission deadline is November 26, 2024. The project scope covers design, supply, erection, testing, commissioning, and 25 years of operation and maintenance (O&M) from the commissioning date.
Kataria Industries acquires Ratlam Wires’ wire manufacturing business
Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million. The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires. Arun Kataria, Managing Director of…
L&T wins power transmission and distribution contracts in Middle East
The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has secured significant orders in the Middle East to expand and strengthen electricity grids at high voltage levels. While the exact value of these contracts was not disclosed, the aggregate worth is estimated between Rs 100 billion and Rs 150 billion. In Saudi Arabia, L&T will establish ±500kV HVDC transmission links to interconnect different regions within the national electricity network, improving system resilience…
Adani Group eyes $900 million power line project in Tanzania
The Tanzanian government is negotiating with the Adani Group for a $900 million public-private partnership to build high-voltage power lines. This project follows the group’s earlier success in securing a 30-year concession to operate the main container terminal at the port of Dar es Salaam. The investment is part of Tanzania’s broader push for infrastructural development and foreign investments. In parallel, Tanzania is also in discussions with UK firm Gridworks Development Partners for a $300…
Progress on Eurasian electric cable link between Cyprus and Greece
Cyprus and Greece have made strides in advancing the construction of the Great Sea Interconnector (GSI), a high-speed electric cable link connecting Greece, Cyprus, and Israel via the Mediterranean seabed. The project, valued at €2.4 billion ($2.67 billion), will be the world’s largest and deepest high-voltage direct current (HVDC) interconnector, spanning 1,240 km at a depth of 3,000 meters. Despite progress, the GSI has faced delays due to financing challenges and the need for transnational…