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Jindal Steel, JRPL signs MoU for green hydrogen investment in steel manufacturing

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Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have signed a memorandum of understanding (MoU) for India’s largest green hydrogen initiative by a steel manufacturer. The MoU focuses on integrating green hydrogen into JSPL’s direct reduced iron (DRI) units at Angul, Odisha. In the first phase, JRPL will develop a green hydrogen generation capacity of up to 4,500 tonnes per annum (tpa) by December 2025, along with the supply of 36,000 tpa of…

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PM Modi inaugurates 30 MW solar system and BESS project in Kutch

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On September 16, 2024, Prime Minister Narendra Modi inaugurated key infrastructure projects in Gujarat, including a 30 MW solar system and a 35 MW Battery Energy Storage System (BESS) Solar PV Project at Kutch Lignite Thermal Power Station in Kutch. Additionally, he inaugurated 220 kV substations in Morbi and Rajkot. These projects form part of a broader development initiative, totaling over Rs 80 billion across multiple sectors.

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Torrent Power wins 1,500 MW pumped hydro storage project from MSEDCL

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Torrent Power has received a letter of intent (LoI) from Maharashtra State Electricity Distribution Company (MSEDCL) for 1,500 MW pumped hydro storage project (PSP) to supply power for 40 years. Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), Torrent Power will provide MSEDCL with 1,500 MW of contracted capacity, with scheduled discharge capabilities for eight hours, including a continuous maximum of five hours per day. Torrent Power, which operates across the entire power value…

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Government approves NPCIL-NTPC JV for nuclear plants in Rajasthan

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The Indian government has approved a joint venture (JV) between the Nuclear Power Corporation of India (NPCIL) and National Thermal Power Corporation (NTPC) to develop four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The JV, named Anushakti Vidyut Nigam (ASHVINI), has been authorized to build, own, and operate nuclear power plants in India. ASHVINI, a subsidiary of NPCIL with a 51% stake, will implement the 4×700 MW Pressurised Heavy Water Reactors (PHWR)…

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Avaada Group to invest Rs 50 billion in Madhya Pradesh’s renewable energy

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Avaada Group has proposed an investment of Rs 50 billion in Madhya Pradesh during a meeting with Chief Minister Mohan Yadav on September 16, 2024. This announcement was made during the Renewable Energy Investors Meet in Gandhinagar. Sembcorp Group expressed interest in the Morena and Neemuch solar projects, while Borosil Group plans to set up a solar panel glass production unit. The Wind Power Association requested the development of wind parks, and Torrent Power called…

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REC signs MoUs worth Rs 1.12 trillion at RE-Invest

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REC participated in the Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) in Gandhinagar, Gujarat, from September 16-18, 2024. The company signed non-binding memorandums of understanding (MoUs) with renewable energy developers, totalling approximately Rs 1,120 billion, to be implemented over the next five years. These MoUs encompass a wide range of projects, including solar and wind hybrid projects, round-the-clock (RTC) renewable power, firm and dispatchable renewable energy (FDRE), floating solar plants, hydroelectric power projects,…

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Torrent Power commits Rs 640 billion for green energy expansion

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Torrent Power has announced plans to invest more than Rs 640 billion in green energy capacities, with two major commitments made at the RE-Invest event in Gandhinagar, Gujarat, on September 16, 2024. The company pledged to achieve 10 GW of installed renewable energy capacity by 2030, requiring an investment of Rs 570 billion. This project is expected to generate employment for approximately 25,000 people. As part of this commitment, Torrent Power signed an MoU with…

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NCT defers decision on HVDC link for green hydrogen projects in Andhra Pradesh

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The National Committee on Transmission (NCT) has postponed the approval of a proposed ±800kV, 6000MW HVDC link between Kurnool and Visakhapatnam, which APTRANSCO requested to support upcoming green hydrogen and green ammonia units in Andhra Pradesh. While the state utility estimates a need for over 10 GW of renewable energy by 2030 for these projects, NCT concluded that the demand can be met using planned AC transmission systems. APTRANSCO’s proposal aimed to facilitate the delivery…

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Adani secures 6,600 MW energy supply deal with MSEDCL

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Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has issued a letter of intent to Adani Group for the long-term supply of 6,600 MW of thermal and green energy. The agreement includes 5,000 MW of solar power from Adani Green Energy Ltd (AGEL) and 1,600 MW of thermal power from Adani Power Ltd (APL). Adani Power and AGEL will sign formal 25-year power supply agreements with MSEDCL, following a competitive bidding process. The 5,000 MW solar…

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Kenya awards $1.3bn power concession to Adani Group and Africa50

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Kenya Electricity Transmission has entered into a $1.3 billion public-private partnership (PPP) with India’s Adani Group and Africa50, the infrastructure investment platform of the African Development Bank (ADB). The partnership aims to enhance Kenya’s power transmission infrastructure, with the concession awarded to build transmission lines confirmed by David Ndii, chief economic adviser to President William Ruto.