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India signs MoU with IEA for critical minerals cooperation

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The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals.  This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and…

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Tata Power commissions 126 MW floating solar project in Madhya Pradesh

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Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh.  The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL).  Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s renewable energy sector. With this…

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Power ministry to launch Rs 10 billion scheme for MSME energy efficiency

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The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies.  Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises. Technologies covered include automation systems for resource…

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NHPC to commission Parbati-II hydroelectric project by March 2025

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NHPC has announced that all four units of the Parbati-II Hydroelectric Project (800 MW) in Himachal Pradesh are expected to be operational by March 2025.  This run-of-the-river project is designed to harness the hydro potential of the lower reaches of the Parbati River. With a cost estimate of Rs 39.2 billion, it will feature four Pelton turbines, each with a 200 MW capacity, supplied by Bharat Heavy Electricals.

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PFCCL establishes SPV for Wahipora and Sallar Transmission project

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PFC Consulting Limited (PFCCL) has established Wahipora and Sallar Transmission Limited for the transmission project involving the construction of grid substations at Wahipora and Sallar in Kashmir.  The project encompasses the downstream transmission network from the upcoming 400/220 kV Grid Sub-Station at Siot, Rajouri, as well as a new 220 kV grid substation at Bhagthali, Kathua, including a 220 kV line and Line-In Line-Out (LILO) tapping from the existing 220 kV Saran-Hiranagar line. In February…

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NVVN invites proposals for 7.2 MW rooftop solar project for Assam Rifles

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NTPC Vidyut Vyapar Nigam (NVVN) has released a tender for the installation of 7.2 MW of grid-connected rooftop solar systems across 26 Assam Rifles buildings in Nagaland, Manipur, and Assam.  The bid submission deadline is December 2, 2024.  The project scope covers design, engineering, supply, civil construction, erection, testing, commissioning, and the inclusion of a solar module cleaning system, remote monitoring, and ten years of operation and maintenance.

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RRECL invites bids for 282 MW rooftop solar projects

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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.

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Surana Solar acquires Surana Technologies

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Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, making it a wholly-owned subsidiary.  Surana Technologies, with an authorized, subscribed, and paid-up capital of Rs 100,000, operates in the solar energy sector, specializing in trading, distribution, supply, generation, transmission, and manufacturing of solar products.  This acquisition aligns with Surana Solar’s strategy to enhance its execution capacity for solar projects.

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NHPC reports Rs 10.69 billion net profit for Q2 FY2024, down 36.86%

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NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year.  However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.