|

Just Climate to invest Rs 12.56 billion in Continuum Green Energy for wind-solar hybrid projects in India

By

Continuum Green Energy, a leading renewable energy group in India focused on commercial and industrial consumers, has entered into a definitive agreement with Just Climate, a specialist investment firm. Just Climate will invest Rs 12.56 billion (approximately USD 150 million) in new equity to support Continuum’s deployment of wind-solar hybrid energy generation and storage projects across India. This investment is part of Just Climate’s Climate Asset Fund I, which targets industrial climate solutions in the…

|

Andhra Pradesh launches projects worth Rs 36.83 billion in Sri City

By

On August 19, 2024, Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone, inaugurated, and inked deals for projects in Sri City valued at Rs 36.83 billion, potentially generating 15,280 employment opportunities. Fifteen industrial projects worth Rs 15.7 billion were inaugurated, expected to create 8,480 jobs. The foundation was laid for seven projects with an investment of Rs 9 billion, likely to generate 2,740 jobs. Additionally, five agreements were signed involving an investment…

|

Kaynes Technology to inaugurate advanced electronics unit in Telangana

By

Kaynes Technology, an electronics manufacturing services firm, will inaugurate an advanced electronics unit at Kongara Kalan, Telangana, on August 23, 2024. Following a memorandum of understanding (MoU) signed with the Telangana government in October 2023, the company has invested Rs 28.5 billion in the project. The unit will focus on services such as printed circuit board (PCB) manufacturing and other components. Additionally, Kaynes Technology is planning to establish a sophisticated OSAT (Outsourced Semiconductor Assembly and…

|

BTL EPC secures Rs 4.13 billion contracts from BHEL and SAIL 

By

Kolkata-based EPC and engineering firm BTL EPC has secured new contracts worth Rs 4.13 billion from public sector giants BHEL and SAIL. The company won a Rs 2.67 billion contract from BHEL for NTPC’s Lara TPS Stage-II (2×800 MW) project in Pussore, Chhattisgarh, where it will provide turnkey solutions for conveyor systems and electromechanical equipment for handling coal, limestone, gypsum, and biomass. Additionally, BTL EPC received a Rs 960 million contract from SAIL-Bhilai for replacing…

|

JUSNL terminates contract with BGR Energy Systems over delays

By

State transmission utility Jharkhand Urja Sanchar Nigam Ltd (JUSNL) has terminated its contract with BGR Energy Systems Ltd, citing delays in completing the agreed scope of work. The contract, signed on September 9, 2020, involved the supply, installation, testing, and commissioning of 132/33kV GIS substations at Sarath, Sundernagar, and Chattarpur in Jharkhand. BGR Energy Systems disclosed in a stock exchange filing that the termination, communicated via a letter dated August 14, 2024, and received on…

|

PGCIL, Sterlite Power, Adani qualify for initial price bids in Navinal ISTS-TBCB project

By

Three developers—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL)—have qualified for the opening of initial price bids for the ISTS-TBCB scheme under “Navinal Transmission Ltd.” The bidding process, coordinated by PFC Consulting Ltd (PFCCL), began in May 2024 and will soon move to the e-reverse auction (e-RA) phase. The project, officially termed the “Network expansion scheme in Navinal (Mundra) area of Gujarat for drawl of power in the…

|

Siemens launches industrial control cabinets made from 100% recycled metal

By

Siemens Smart Infrastructure, through its German subsidiary Alpha Verteilertechnik, has introduced the SIVACON 8MF1 industrial control cabinet series, made entirely from scrap metal sourced from reputable European suppliers. These cabinets are manufactured using wind power, aligning with Siemens’ sustainability goals under its DEGREE framework, which targets decarbonization and resource efficiency in line with a 1.5°C science-based target. The production process of the SIVACON 8MF1 cabinets reduces CO2 emissions by 70% compared to conventional steel production,…

|

PGCIL acquires two ISTS-TBCB projects in Rajasthan

By

On August 19, 2024, REC Power Development & Consultancy Ltd (RECPDCL) officially transferred two special purpose vehicles (SPVs) related to ISTS-TBCB schemes to Power Grid Corporation of India Ltd (PGCIL). The SPVs—Rajasthan IV C Power Transmission Ltd and Rajasthan IV E Power Transmission Ltd—are linked to the transmission system for evacuating power from Rajasthan REZ Phase-IV (5.5 GW) in the Jaisalmer/Barmer Complex. PGCIL received the letter of intent for these projects on April 16, 2024,…

|

RECPDCL annuls Rs 127 billion Rajasthan HVDC project tender 

By

REC Power Development & Consultancy Ltd (RECPDCL) has cancelled the tendering process for a Rs 127 billion Inter-State Transmission System (ISTS) – Tariff Based Competitive Bidding (TBCB) scheme in Rajasthan involving High Voltage Direct Current (HVDC) infrastructure. This decision comes after Power Grid Corporation of India Ltd (PGCIL) emerged as the lowest bidder (L1). RECPDCL has now issued new tender documents, with the deadline for submitting responses set for September 17, 2024. The reasons for…

|

New transmission scheme planned for renewable energy evacuation in Rajasthan’s Sirohi, Nagaur complexes

By

A new transmission scheme is being developed to facilitate the evacuation of power from upcoming renewable energy zones (REZ) in the Sirohi and Nagaur complexes in Rajasthan. This initiative marks the fifth phase in a series of evacuation schemes from Rajasthan’s REZs, supplementing ongoing projects from earlier phases that include regions like Bhadla, Bikaner, Jaisalmer, Barmer, Fatehgarh, and Beawar. The scheme, termed “Transmission system for evacuation of power from Rajasthan REZ Ph-V (Part-1: 4 GW)…