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Hazoor Multi Projects to invest in solar project in Andhra Pradesh

Hazoor Multi Projects (HMPL) plans to invest Rs 25 billion in a 500 MW solar power project in Prakasam district, Andhra Pradesh.  The project will be developed on 2,000 acres, with support from the Andhra Pradesh government through the New & Renewable Energy Development Corporation (NREDCAP), which has requested a detailed project report (DPR) from the company for execution.

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RMC Switchgears and Ultracab secure orders for power distribution

RMC Switchgears has received a Rs 1.08 billion work order to develop distribution infrastructure in select districts of Gujarat. The project involves installing 11 kV underground cables and ring main unit (RMU) systems to strengthen the region’s power distribution network. In a separate development, Ultracab (India), a manufacturer of electric wires and cables, has secured an order worth Rs 510.6 million from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply of low-tension cross-linked polyethylene…

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Power Ministry plans 83.5 GW thermal power projects by 2032

The Ministry of Power is planning and implementing over 83.50 GW of thermal power projects worth approximately Rs 6.96 trillion to ensure India meets its base load electricity requirements by 2032.  According to generation planning studies by the Central Electricity Authority (CEA), India will need 283 GW of installed coal and lignite-based capacity by FY32 under a stressed scenario. To achieve this, the government aims to add 80 GW of coal-based power capacity by FY32….

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Tata Power eyes small modular reactors

Tata Power is exploring small modular nuclear reactors (SMRs) following the government’s decision to allow private investment in the sector. CEO Praveer Sinha said the company is awaiting clarity on liability, technology, foreign partnerships, and fuel sourcing. SMR projects require stringent approvals, taking about 24 months, with construction lasting four to five years. India aims to expand its nuclear capacity from 8 GW to 20 GW by 2032. Tata Power reported a 10 per cent…

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NTPC signs PPA with Indian Army for solar-hydrogen microgrid in Ladakh

NTPC Limited has signed a Power Purchase Agreement (PPA) with the Indian Army for the sale of 200 kW round-the-clock renewable energy from a solar-hydrogen-based microgrid in Chushul, Ladakh.  The 25-year agreement aims to enhance energy security in remote defence installations and reduce reliance on fuel transportation in challenging terrains. The solar-hydrogen microgrid will replace existing diesel gensets, cutting carbon emissions by 1,500 tonnes annually.  This initiative supports the decarbonisation and modernisation of defence infrastructure…

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Welspun New Energy to invest Rs 135 billion in Odisha’s energy projects

Welspun New Energy has signed a Memorandum of Understanding (MoU) with the Government of Odisha to invest Rs 135 billion in the state’s renewable energy sector. The investment includes plans for a 1,200 MW pumped hydro project and a 1,000 MW floating solar power project. These initiatives aim to boost Odisha’s energy storage capacity and support the integration of renewable energy into the grid, aligning with the state’s ‘Viksit Odisha 2036’ vision to become a…

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Budget 2024-25 allocates funds for key power projects

The Budget 2024-25 has allocated funds for various power projects, including thermal, transmission, and hydro. Rs 2.51 billion is set for the Power Sector Reform Program (Subprogram 1). The Kudankulam Nuclear Power Plant has received Rs 10.19 billion and Rs 8.77 billion for Units 3 and 4, and Rs 19.69 billion and Rs 26.28 billion for Units 5 and 6. Distribution and transmission projects include Rs 3.25 billion for Meghalaya, Tripura, and Assam, Rs 7.39…

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Art-PV secures MNRE grant for tandem solar cell manufacturing plant

Art-PV, incubated at IIT Bombay, has received a USD 10 million grant from the Ministry of New and Renewable Energy (MNRE) to establish a manufacturing plant for high-efficiency tandem solar cells. The company’s innovative tandem cell achieves 29.8 per cent sunlight-to-electricity conversion, surpassing the 23 per cent efficiency of conventional solar cells. This technology combines silicon with cadmium telluride (CdTe) and a perovskite-structured material to absorb a broader light spectrum, enhancing efficiency. Art-PV addresses the…

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CESC Group completes acquisition of power distribution in Chandigarh

Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) to acquire 100 per cent equity in a distribution company.  As a result, Chandigarh Power Distribution Ltd (CPDL) becomes a step-down subsidiary of CESC Ltd. The deal is valued at Rs 8.71 billion in cash. The acquisition was completed for approximately Rs 8.71 billion. Effective February 1, 2025, all electricity-related functions,…

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Indus Towers invests in 50 MW captive solar project

Indus Towers Limited (ITL) has signed an agreement with Amplus Energy Solutions Private Limited to set up a 50 MW captive solar photovoltaic (PV) power project in India.  As part of the agreement, ITL will invest Rs 270 million to acquire a 26 per cent equity stake in Amplus Tungabhadra Private Limited, the special purpose vehicle (SPV) for the project. The project is expected to be completed by February 2026. In another development, Sharika Enterprises…