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Mahindra, Volkswagen set to form joint venture for EVs

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Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), a subsidiary of the Volkswagen Group, are reportedly finalizing a 50:50 joint venture to share costs, technology, and vehicle platforms for future product development. This partnership will primarily focus on developing battery-powered SUVs for both Indian and international markets, though it will also include fossil fuel-based models. According to The Economic Times, an official announcement is expected by the end of the year. The collaboration…

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DERC issues draft regulations for intrastate transmission projects under TBCB

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The Delhi Electricity Regulatory Commission (DERC) has released draft regulations to establish the threshold size for intrastate transmission system (InSTS) schemes developed under the tariff-based competitive bidding (TBCB) mechanism. The regulations, titled “Draft Delhi Electricity Regulatory Commission (Threshold Limit for the Development of Intra-State Transmission Projects under the Tariff Based Competitive Bidding) Regulations, 2024,” are open for public comments and suggestions. A key aspect of the draft regulations is setting a Rs 1.5 billion threshold…

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Khavda IV A project boosts Adani Energy Solutions’ transmission portfolio

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Adani Energy Solutions Ltd (AESL) has expanded its transmission portfolio to 21,783 ckm and its transformation capacity to 61,686 MVA with the acquisition of the Khavda IV A transmission project. This project, acquired from RECPDCL under the tariff-based competitive bidding (TBCB) route, will be developed as an interstate transmission system (ISTS) under the build, own, operate & transfer (BOOT) model for 35 years. The Khavda IV A line will evacuate 7 GW of renewable energy,…

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CyanConnode lands contract for 6.5 million communication modules

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CyanConnode Pvt Ltd has been awarded a major contract to supply 6.5 million communication modules for India’s smart metering initiative, marking the company’s largest order to date. The agreement includes the supply of Omnimesh modules, advanced metering infrastructure, standards-based hardware, Omnimesh head-end software, a perpetual license, and a comprehensive support and maintenance package. These smart metering projects will be implemented across various locations in India, with the supply of modules starting in the second half…

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SECI announces winners for 1.5 GW electrolyser manufacturing auction

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The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

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Vedanta plans Rs 1,000 billion investment in Rajasthan

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Mining and metals conglomerate Vedanta plans to invest nearly Rs 1,000 billion in Rajasthan, with a significant portion earmarked for renewable power projects.  Vedanta’s major businesses, including Hindustan Zinc and Cairn India, are based in Rajasthan. The company has already invested over Rs 1,000 billion in the state in recent years to create opportunities, strengthen industries, and empower communities. Looking ahead, Vedanta aims to invest an additional Rs 1,000 billion, with a focus on large-scale…

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NTPC invites bids for 1,200 MW wind-solar hybrid project

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NTPC has issued a tender for the supply of 1.2 GW of power from inter-state transmission system (ISTS) connected wind-solar hybrid projects in India, with a greenshoe option for an additional 600 MW capacity. The project will be executed on a build, own, operate basis. Interested bidders must submit their bids by October 8, 2024, and a reverse auction will determine the final supplier. According to the tender guidelines, all bidders must pay Rs 22,500…

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RESCO receives board approval to raise Rs 3.5 million in equity capital

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Resco Global Wind Services Private Limited (RESCO), a wholly-owned subsidiary of Inox Wind Limited, has received board approval to raise up to Rs 3.5 million in equity capital. The funds will be raised by issuing equity shares on a preferential basis through private placement to non-promoter investors. This move is subject to shareholder approval and adherence to applicable laws and regulations.

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GameChange to supply solar trackers to SWERL for Khavda solar park

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GameChange Solar has signed an agreement with Sterling and Wilson Renewable Energy Limited (SWERL) to supply its Genius TrackerTM solar trackers for a 750 MWp solar photovoltaic plant at the Khavda solar park in Gujarat. This project marks one of GameChange Solar’s largest tracker installations outside the US. Earlier in April 2024, GameChange Solar secured a deal to supply its Genius Tracker solar trackers for four solar projects in Southern Africa, totalling over 500 MW….

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Genus Power establishes subsidiary for advanced metering infrastructure project

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Genus Power Infrastructure Limited has established a wholly-owned subsidiary named Genus Dhundar Smart Metering SPV Private Limited. This new entity, with an authorized and subscribed capital of Rs 0.1 million, has been created to execute an advanced metering infrastructure service provider (AMISP) contract. The subsidiary will operate within the power infrastructure and distribution sector, focusing on advanced metering solutions.