|

GAIL, AM Green sign MoU to develop 2.5 GW RE, eMethanol

By

GAIL (India) and AM Green BV (AMG) signed a memorandum of understanding (MoU) on October 4, 2024, to collaborate on advancing sustainable energy solutions. The partnership will focus on the supply of carbon dioxide (CO2) for eMethanol production and the development of hybrid renewable energy projects across India. As part of the MoU, the two companies will explore the long-term supply of around 350 KTA of CO2 from GAIL’s gas processing plants for the production…

|

Four qualify for twin Bikaner ISTS-TBCB schemes in Rajasthan

By

Four companies—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and Tata Power—have qualified to submit initial price bids for two independent transmission schemes aimed at evacuating renewable energy (RE) from Rajasthan’s Bikaner Complex. These bids are part of the tariff-based competitive bidding (TBCB) process coordinated by REC Power Development & Consultancy Ltd (RECPDCL). The two schemes, under the overarching Rajasthan REZ Phase-IV project, are being bid out separately and…

| | |

IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024

By

The Indian Energy Exchange (IEX) recorded a total trading volume of 11,370 million units (MU) in September 2024, a 24% year-on-year increase. The electricity volume, including green electricity, rose by 21% year-on-year to 10,332 MU. Trading volume in renewable energy certificates (REC) doubled to 1,031 MU compared to the previous year. On September 25, 2024, the REC market saw an all-time low price of Rs 110 per certificate, offering obligated entities like discoms and captive…

|

Tata Power among four bidders shortlisted for ERES-XXXIX

By

Tata Power has qualified as one of the four bidders for the Eastern Region Expansion Scheme – XXXIX (ERES-XXXIX), a key interstate transmission system (ISTS) project in Odisha. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) shortlisted Tata Power, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) under the tariff-based competitive bidding (TBCB) mechanism. The selected bidders will have their initial price bids opened, followed by…

|

Nepal, India, and Bangladesh sign deal for 40 MW electricity trade

By

Nepal, India, and Bangladesh have signed a landmark trilateral agreement to trade 40 MW of electricity, marking the first time Nepal will sell power to a third country. The deal, signed in Kathmandu, allows Nepal to export electricity to Bangladesh via India, as Nepal and Bangladesh are not geographically connected. Under the agreement, Bangladesh will import 40 MW of electricity from Nepal during the five months from mid-June to mid-November each year, with a total…

|

CSEP study warns green tariffs could strain India’s power distribution companies

By

A report by the Centre for Social and Economic Progress (CSEP) highlights potential financial challenges for India’s power discoms from the Ministry of Power’s plan to introduce green tariffs. The green tariffs aim to encourage renewable energy adoption, but CSEP warns that this shift could financially hurt discoms, especially if high-paying commercial and industrial consumers opt for cheaper green energy alternatives. According to the study, green tariffs could lead to a 15% financial loss of…

|

Cabinet approves India’s entry into elite global energy efficiency hub

By

The Union Cabinet has approved India’s participation in the International Energy Efficiency Hub, a global platform aimed at promoting energy efficiency through collaboration.   The Energy Efficiency Hub, established in 2020 as a successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), brings together governments, international organizations, and private sector entities to share expertise and best practices. Sixteen countries, including the US, UK, China, and Germany, have already joined the Hub. India’s Bureau of Energy…

|

Goldi Solar to reach 14-GW solar module mfg capacity by FY26

By

Indian solar manufacturer Goldi Solar has announced plans to significantly expand its production capacity over the next few years. The company aims to increase its solar module capacity from 3GW to 14GW by mid-FY2026 and build a new 4GW solar cell plant by FY2027. The new solar module plant will be located in Gujarat, where Goldi Solar already operates two assembly plants in Pipodara and Navsari with a combined 3GW capacity. This expansion is part…

|

Matrix Gas & Renewables aims to raise up to $143 million in IPO

By

Matrix Gas & Renewables, a subsidiary of Gensol Group, is preparing to raise Rs 10-12 billion ($119-$143 million) through an initial public offering (IPO) next year, according to CEO Chirag Kotecha. The funds will support the company’s ambitious plans to develop 1,000 MW of green hydrogen projects over the next three years. With India’s equity market seeing a surge in IPOs, Matrix Gas aims to capitalize on favourable market conditions. The company plans to allocate…

|

Adani Group eyes $900 million power line project in Tanzania

By

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…