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Adani Green repays USD 750 million Holdco Notes, avoiding refinancing

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Adani Green Energy Ltd announced it has fully repaid its $750 million Holdco Notes, using cash reserves and a fully funded redemption reserve, without the need for refinancing. The 4.38% Holdco Notes, issued in September 2021 to fund the company’s expansion, were redeemed ahead of their September 8 due date, according to a stock exchange filing on September 9. The bonds supported Adani Green’s growth over the past three years, during which the company tripled…

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Karnataka rooftop solar capacity crosses 600 MW

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Karnataka has seen a notable increase in rooftop solar installations over the last two years. According to data from Karnataka Renewable Energy Development Limited (KREDL), 172.14 MW of rooftop solar projects were installed between March 2023 and July 2024, pushing the state’s total capacity past 600 MW. From April to July 2024, more than 50 MW was installed. In 2023-24, 121.82 MW of capacity was added, nearly double the 79.57 MW installed in 2022-23, marking…

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India’s power sector to reach USD 280 billion by FY30: Jefferies

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According to a September report by Jefferies, India’s power generation and transmission sectors are expected to grow 2.2 times, reaching USD 280 billion between FY24 and FY30. This surge comes as the country enters a phase of capex-driven GDP growth, driving a rise in power demand. The report predicts a more than 7% annual growth in power consumption, with total generation capacity needing to increase from 442 GW in FY24 to 673 GW by FY30…

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Tata Power surpasses 1 lakh home EV charger installations across India

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Tata Power announced on September 9 that it has installed over 100,000 home EV chargers across the country, including in remote areas.   Tata Power has also deployed more than 1,100 EV bus charging points in major cities. The company continues to expand its EV charging network, now with over 5,600 RFID-enabled public and captive chargers located in strategic spots such as malls, hotels, hospitals, offices, residential societies, and highways.

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GE T&D India secures €150 million orders from global entities

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GE T&D India Ltd has announced securing two international orders totalling €150 million from its group entities. The first order, valued at €100 million, was placed by Grid Solutions SAS, France, and the second, worth €55 million, was awarded by Grid Solutions Middle East FZE, Dubai. Both orders involve the supply and supervision of high-voltage products, which will be part of larger projects executed by the respective group entities for their end customers. The projects…

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Reliance among four bidders for Jamnagar ISTS project

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Reliance Industries Ltd is one of four bidders shortlisted for the interstate transmission system (ISTS) project in Gujarat, managed by Jamnagar Transmission Ltd. This marks a potential entry for Reliance into interstate power transmission development. Competing alongside seasoned players Adani Energy Solutions Ltd, Power Grid Corporation of India Ltd, and Sterlite Power, the project is seen as a key development in Gujarat’s power infrastructure. The Jamnagar transmission scheme, known as the “Network expansion scheme in…

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MIGA and ISA launch Solar Facility to boost global energy access

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The Multilateral Investment Guarantee Agency (MIGA) and the International Solar Alliance (ISA), supported by the Indian government, have launched the MIGA-ISA Solar Facility, a multi-donor trust fund to expand global access to renewable energy. This facility will combine ISA’s technical expertise with MIGA’s financial mobilization capabilities, offering concessional financing and reinsurance to improve the viability of solar energy projects and reduce the cost of MIGA guarantees. Focusing initially on Sub-Saharan Africa, with plans for global…

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Hindustan Zinc’s top-quality zinc used in India’s heaviest power transmission steel pole

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Hindustan Zinc Ltd has announced that its premium zinc was used in the galvanization process for India’s heaviest power transmission steel pole. The 400kV dual pole structure, standing 57 meters tall, was galvanized using Hindustan Zinc’s special high-grade (SHG) zinc ingots and low-dross jumbo SHG zinc. This process provides essential protection against corrosion, air, water, heat, and pollution, enhancing the pole’s structural integrity. The structure, manufactured by Skipper Ltd, is part of the 400kV Quad…

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Vedanta Aluminium launches high-conductivity products

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Vedanta Aluminium unveiled two new products tailored for the power and transmission industry at PowerEdge 2024. The first, AL59 Ingot, offers superior electrical conductivity, ideal for remelting, while the second, an EC-grade Wire Rod, is designed for winding strip applications, providing a balance of strength, conductivity, and workability. Both products are precision-engineered for use in transformer and motor winding applications. With a wire rod production capacity of 650 kilotonnes, Vedanta Aluminium is the largest producer…

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Record tariff set for Khavda IV-C ISTS project

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Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over Rs 120 billion, includes a…