|

Bangladesh’s Summit Group to renegotiate renewable power deals with India

By

Summit Group of Bangladesh plans to renegotiate deals to import renewable power from India following a recent policy change by New Delhi. The new rule allows power generators that previously exported all their electricity to sell locally. This change has prompted Summit to reconsider its investments, as Indian partners may now prefer selling power within India.

Summit had signed preliminary deals with Indian firms, including Tata Power Renewable Energy Ltd, to develop 1,000 MW of renewable energy projects. However, due to the policy shift, Summit is considering delaying investments and renegotiating terms to address increased risks.

Additionally, plans to import 700 MW of hydropower from Bhutan and Nepal are uncertain, and Summit is reviewing projects after the new Bangladesh government suspended a law allowing power contracts without tenders. Despite these challenges, Summit will continue investing in Bangladesh.

Similar Posts

|

ReNew plans to double its portfolio to 21 GW in five years

By

ReNew is set to double its aggregate portfolio to 21 GW over the next five years, Chairman Sumant Sinha announced. This statement came after the release of the company’s first Annual Integrated Report, highlighting its commitment to expanding capacity with environmental considerations. The company surpassed the 10 GW capacity mark in FY24.

|

RECPDCL establishes subsidiaries for ISTS projects in Gujarat, Rajasthan, and J&K

By

REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu & Kashmir. On October 25, 2024, RECPDCL incorporated Banaskantha Transco Ltd as a special purpose vehicle (SPV) to implement the “Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)” project in Gujarat. The bidder selection for this ISTS scheme will be carried out through the tariff-based competitive bidding (TBCB) mechanism. RECPDCL…

|

Gansu Energy Bureau approves 750 kV Wuwei North project in China

By

The Gansu Provincial Energy Bureau has approved the 750 kV Wuwei North (Oasis) transmission and transformation project, an essential component of the ‘Gong Electricity into Zhejiang’ initiative. The project, being developed by State Grid Wuwei Power Supply Company, a subsidiary of the State Grid Corporation of China (SGCC), involves constructing a new 750 kV substation with a transformation capacity of 4×2100 MVA and 232.5 km of 750 kV transmission lines. This marks the first 750…

|

SSEN Transmission open offshore hub in Inverness

By

SSEN Transmission has officially opened a new offshore hub in Inverness, Scotland, designed to accommodate up to 100 people and serve as a collaborative space for companies involved in regional energy projects. The hub, housed within SSEN’s existing building, offers desk space and meeting rooms named after iconic local bridges, such as Dornoch and Cromarty. The facility will support SSEN Transmission’s £20 billion ($26.12 billion) Pathway to 2030 programme, which aims to upgrade Scotland’s electricity…

|

BTL EPC secures Rs 4.13 billion contracts from BHEL and SAIL 

By

Kolkata-based EPC and engineering firm BTL EPC has secured new contracts worth Rs 4.13 billion from public sector giants BHEL and SAIL. The company won a Rs 2.67 billion contract from BHEL for NTPC’s Lara TPS Stage-II (2×800 MW) project in Pussore, Chhattisgarh, where it will provide turnkey solutions for conveyor systems and electromechanical equipment for handling coal, limestone, gypsum, and biomass. Additionally, BTL EPC received a Rs 960 million contract from SAIL-Bhilai for replacing…

|

Advait secures EPC contract for MVCC installation in Southern Gujarat

By

Advait Infratech has received a turnkey contract from Dakshin Gujarat Vij Company (DGVCL) to supply, install, and commission 11 kV 55mm² AAAC medium voltage covered conductor (MVCC) with accessories in the Southern Gujarat region. The contract is valued at Rs 203.2 million and is expected to be completed within 12 months.

Leave a Reply

Your email address will not be published. Required fields are marked *