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Jakson Engineers to invest Rs 20 billion in solar manufacturing

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Jakson Engineers Ltd, a subsidiary of the Jakson Group, has announced a major expansion of its solar manufacturing business, planning to invest around Rs 20 billion to establish a 2,500 MW solar cell manufacturing facility in two phases. The location for this new facility will be finalized soon. In addition to the new solar cell plant, Jakson will also expand its existing solar module facility in Greater Noida, increasing its capacity from 1,200 MW to…

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RECPDCL hands over Tumkur-II REZ Transmission project to G R Infraprojects

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REC Power Development & Consultancy Ltd (RECPDCL), a subsidiary of REC Ltd, handed over the special purpose vehicle (SPV) “Tumkur-II REZ Power Transmission Ltd” to G R Infraprojects Ltd (GRIL) on September 3, 2024, in Gurugram. GRIL was selected as the transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process managed by RECPDCL for the development of this transmission project on a build, own, operate & transfer (BOOT) basis. The handover ceremony saw…

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IEE sees 35.8% YoY volume growth in August 2024

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In August 2024, the Indian Energy Exchange (IEX) achieved a total trading volume of 12,040 MU, including certificates, marking a 35.8% year-over-year increase. The electricity volume alone was 9,914 MU, up 17.1% YoY, while renewable energy certificates (REC) reached 2,116 MU, showing a remarkable 737.4% increase from the previous year. REC prices hit an all-time low of Rs 115 per certificate during the August 28, 2024 trading session, offering obligated entities like DISCOMS and Captive…

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ABB India launches new Smart Home automation system

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ABB India, a global leader in electrification and automation, has introduced ABB-free@home®, a Smart Home automation system in India designed to enhance comfort, security, and energy efficiency for residential users. This wireless solution allows users to integrate and control various devices, including white goods, third-party gadgets, and EV chargers, through a single interface. The ABB-free@home® system includes a Matter Bridge Add-on, enabling seamless integration with a variety of smart devices via the emerging open-source Matter…

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Adani Power to triple Kawai thermal plant capacity with Rs 180 billion investment

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Adani Power plans to triple the capacity of its Kawai thermal power plant in Rajasthan, increasing it from 1,320 MW to 4,520 MW, with an investment of up to Rs 180 billion. The expansion will be carried out in two phases, each adding 1,600 MW over the next few years. As part of its broader strategy to double its thermal power capacity, Adani Power is also setting up new plants and expanding existing ones across…

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Oriana Power secures Rs 2.48 billion solar project from BPCL

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Oriana Power has won a Rs 2.48 billion contract from Bharat Petroleum Corporation (BPCL) to execute a 52 MW ground-mounted solar power project on an EPC basis. The project scope includes securing CTU approval, establishing transmission lines, and providing complete operations and maintenance (O&M) support for five years. Currently, Oriana Power has more than 390 MW of cumulative capacity under execution and has delivered over 240 MW of projects to date. The company also has…

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Tata Chemicals partners with BAIF for sustainable agriculture initiatives

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Tata Chemicals Limited (TCL) has signed a memorandum of understanding (MoU) with BAIF Development Research Foundation to explore the production of Spineless Cactus and Hybrid Napier, reinforcing Tata Chemicals’ commitment to green sustainable solutions and rural development. This partnership aims to combine BAIF’s expertise in agricultural practices, agro-biodiversity conservation, climate-smart agriculture, and renewable energy with Tata Chemicals’ capabilities in nutrition biosciences, nanotechnology, agrochemistry, and rapid R&D translation for scalability. The collaboration will focus on developing…

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GE Power India settles dispute with Navayuga Engineering Company

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GE Power India has reached a settlement agreement with Navayuga Engineering Company (NECL) to resolve an ongoing arbitration related to the E&M Turnkey Contract. The dispute, ongoing since 2020, will be settled amicably. As part of the full and final settlement, NECL has agreed to pay GE Power India a sum of Rs 314.5 million. The payment will be made in quarterly instalments, with the final instalment due in 2026.

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Cygni Energy partners with XDLE Battery for energy storage solutions

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Cygni Energy Private Limited, a leading energy storage company based in Hyderabad, has partnered with XDLE Battery, a major manufacturer of long-life Lithium LFP Prismatic cells, to develop stationary energy storage solutions. Cygni, recognized under the ‘Make in India’ scheme, focuses on safety-first storage solutions, collaborating with IIT Madras and OEMs for tailored designs. Their state-of-the-art Hyderabad facility has a 1.2 GWh production capacity, featuring advanced automated prismatic battery pack production and testing. The partnership…

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BEE, NTH partner to enhance energy efficiency standards

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The Bureau of Energy Efficiency (BEE) and the National Test House (NTH) have signed an MoU to strengthen the Standards & Labeling (S&L) Program, which promotes energy efficiency across India. BEE Secretary Milind Deore and NTH Director General Alok Kumar Srivastava signed the MoU in the presence of Ministry of Power Secretary Pankaj Agarwal and Department of Consumer Affairs Secretary Nidhi Khare. This collaboration aims to improve the accuracy and reliability of energy performance standards,…