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India’s renewable energy goals may increase dependence on solar imports, GTRI warns

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India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI).  The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15 GW of solar capacity in…

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India seeks critical minerals agreement with the US to counter China

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India and the US are working together to bolster their critical minerals supply chains, aiming to reduce dependency on China.  As part of this effort, the two countries plan to jointly explore third-country sources for securing critical minerals, with India seeking to transform the current Memorandum of Understanding (MoU) into a more comprehensive partnership agreement. Commerce and Industry Minister Piyush Goyal expressed hope that this move could pave the way for a future free trade…

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Integrum Energy Infrastructure files DRHP for IPO

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Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO).  The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares.  The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.

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NTPC announces winners of 1.2 GW ISTS-connected solar auction; allocates 976 MW

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NTPC has released the results of its 1.2 GW ISTS-connected solar projects auction. The winning companies include SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar, and Illuminate Hybren (Mahindra Susten).  SAEL secured 300 MW, Rays Power 100 MW, and Refex Green 100 MW, all at a tariff of Rs 2.50 per kWh. ReNew Solar and Illuminate Hybren were awarded 300 MW and 176 MW at a tariff of Rs 2.51 per kWh. Although the…

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RECPDCL floats tender for power evacuation from hydro PSPs

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REC Power Development and Consultancy (RECPDCL), a subsidiary of REC Limited, has issued a tender to select a transmission service provider for establishing an inter-state transmission system (ISTS) as part of a network expansion program in the western region.  The project will support pumped hydro storage projects (PSP) near Talegaon, Pune, Maharashtra, through a tariff-based competitive bidding process. The bid submission deadline is December 20, 2024. The project aims to evacuate 1.5 GW of power…

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Iskraemeco to establish new development centre in India

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Switzerland-based Iskraemeco Group, after selling its smart meter manufacturing unit in India to Kaynes Technology India Ltd, has announced plans to set up a new software development centre in India. The centre will focus on electricity metering and data processing, reinforcing Iskraemeco’s ongoing presence in the country. The sale of Iskraemeco India aligns with the group’s strategy to emphasize digital energy and water management solutions using platforms like Symbiot Head-End Systems (HES) and Symbiot Meter…

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Bidding process underway for ISTS schemes to power green hydrogen

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The National Committee on Transmission (NCT) has approved three Interstate Transmission System (ISTS) schemes to support upcoming green hydrogen and ammonia manufacturing units in Gujarat (Kandla and Mundra) and Tamil Nadu (Tuticorin). These schemes, with an estimated total outlay of Rs 82 billion, are now open for bids, with technical bids expected to open by December 2024. Gujarat Schemes: Kandla Scheme: This project, designed to meet a projected demand of 1,690 MW by FY28 from…

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BSPGCL issues tender for solar project in Patna

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Bihar State Power Generation Company (BSPGCL) has issued a tender for procuring solar power from grid-connected solar PV projects ranging from 2 MW to 20 MW in Patna.  The project, designed as a ground-mounted installation with a raised structure over ponds, will be constructed under the RESCO mode for a total capacity of 20 MW. The contract is valued at Rs 1 billion, and the deadline for bid submission is 12 November 2024.

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Union government sanctions three pilot projects for hydrogen use in steel production

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As part of the National Green Hydrogen Mission, the Indian government has approved three pilot projects aimed at utilizing hydrogen in steel production.  The projects include a 50 ton-per-day (tpd) plant by Matrix Gas and Renewables Ltd (in collaboration with Gensol Engineering Ltd, IIT Bhubaneswar, and Metsol AB, Sweden), a 40 tpd plant by Simplex Castings Ltd (partnered with BSBK, Ten Eight Investment, and IIT Bhilai), and a 3,200 tpd plant by Steel Authority of…

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ACME Solar signs PPA with SECI for 150 MW hybrid solar project

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ACME Solar Holdings’ special purpose vehicle, ACME Platinum Urja, has signed a Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for a 150 MW hybrid solar project.  This is part of the 350 MW capacity awarded to ACME Solar by SECI. The project will include energy storage solutions (ESS) and will be connected to the inter-state transmission system via Tumkur-II substation in Karnataka. ACME Solar Holdings has also filed a draft red…