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Rajasthan floats tender for 500 MW/1,000 MWh BESS
Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) has issued a tender to establish a 500 MW/1,000 MWh battery energy storage system (BESS) with an additional greenshoe option of 500 MW/1,000 MWh. The deadline for bid submissions is December 16, 2024. The capacity will be distributed across multiple sites, including the Giral Lignite Power Project in Barmer, the Suratgarh Thermal Power Station, and substations in Sakatputa, Kota, and Jaipur.
Gensol secures 16 MW rooftop solar project in Madhya Pradesh
Gensol Engineering announced that it has secured a 16-megawatt rooftop solar project from a textile company in Madhya Pradesh, under the commercial and industrial (C&I) segment. The project will be executed on an engineering, procurement, and construction (EPC) basis. The company received a Letter of Award (LOA) for the turnkey EPC rooftop solar project, which will be completed in six months. The project will use high-efficiency bi-facial solar modules that absorb sunlight from both sides,…
REC to finance Rs 3 trillion for infrastructure projects in Rajasthan
REC Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan during the “Rising Rajasthan Investors Meet.” As part of the agreement, REC will increase its annual financing from Rs 200 billion to Rs 500 billion for power and non-power infrastructure projects in the state. The six-year MoU, running until 2030, is valued at Rs 3 trillion.
Union government sanctions three pilot projects for hydrogen use in steel production
As part of the National Green Hydrogen Mission, the Indian government has approved three pilot projects aimed at utilizing hydrogen in steel production. The projects include a 50 ton-per-day (tpd) plant by Matrix Gas and Renewables Ltd (in collaboration with Gensol Engineering Ltd, IIT Bhubaneswar, and Metsol AB, Sweden), a 40 tpd plant by Simplex Castings Ltd (partnered with BSBK, Ten Eight Investment, and IIT Bhilai), and a 3,200 tpd plant by Steel Authority of…
DVC highest bidder for Hiranmaye Energy assets
Damodar Valley Corporation (DVC) has emerged as the highest bidder in the auction for Hiranmaye Energy’s assets, offering Rs 15 billion, surpassing the reserve price of Rs 13 billion. This marks DVC’s first acquisition, adding to its total installed capacity of around 6,700 MW, including greenfield and brownfield expansions. Hiranmaye Energy operates a 300 MW thermal power plant in Haldia, West Bengal, with two units of 150 MW each. The company holds a 25-year power…
GTRI: local carbon tax won’t ease EU carbon border adjustment impact on Indian exports
The European Union’s (EU’s) suggestion that India impose a local carbon tax to avoid the EU’s Carbon Border Adjustment Mechanism (CBAM) will not significantly benefit Indian exporters, according to the Global Trade Research Initiative (GTRI). Even with a local tax, Indian firms would still owe the EU USD 51.3 per tonne of CO2 under CBAM, starting January 2026. While the global average carbon price is around USD 6 per tonne of CO2, India’s potential carbon…