|

Genus Power establishes two SPVs for smart metering under RDSS

By

Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS).

The projects will focus on strengthening, renovating, and augmenting existing distribution systems to improve efficiency and reliability in power distribution.

Similar Posts

|

Oklo finalizes agreement with DOE for nuclear reactor site inspections in Idaho

By

Nuclear power company Oklo has secured a memorandum of agreement (MOA) with the U.S. Department of Energy (DOE), allowing it to conduct site inspections for its planned advanced nuclear reactor in Idaho. This agreement enables Oklo to proceed with geotechnical assessments, environmental surveys, and infrastructure planning, crucial steps toward advancing the project to the construction phase. Oklo is the only advanced fission company with a DOE site use permit and has made significant regulatory progress,…

|

Swedish court approves Hydro Energi’s PPA settlement with Markbygden

By

Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett.  Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro Energi on February 6, 2023,…

|

Servotech reports Q1 FY25 results: revenue up 41 per cent, net profit grows 9 per cent

By

Servotech Power Systems Ltd., a leading manufacturer of Electric Vehicle (EV) chargers, solar solutions, and power-backup solutions, has announced its quarterly results. The company’s net profit after tax (PAT) in the first quarter of FY2024-25 was Rs 44.8 million, up from Rs 41.0 million in the same quarter last year. Key Highlights of the Quarterly Results: Consolidated Highlights Total Revenue: Grew by 41 per cent in Q1 FY25 to Rs 1.12 billion from Rs 798.1…

|

Vestas secures 134 MW wind turbine order from Invenergy in Japan

By

Danish wind turbine manufacturer Vestas has won a 134 MW order from Invenergy for Japan’s Inaniwa Wind Energy Center in Iwate prefecture. This marks Vestas’ largest order in Japan to date. The company will supply and install 32 of its V117-4.2 MW turbines, along with a 20-year Active Output Management 5000 (AOM 5000) service agreement. Deliveries are set to begin in the first half of 2027, with project commissioning expected in the first quarter of…

|

CIL to invest Rs 1.33 trillion in 119 projects to boost coal output

By

Coal India Limited (CIL) is advancing 119 projects with a sanctioned capital of Rs 1.33 trillion to enhance coal production and meet the growing energy demand.  The projects are in various stages of implementation and are expected to significantly augment CIL’s output. In the financial year 2023-24, CIL aims to achieve a production target of 780 million tonnes, an increase from the previous year’s 703 million tonnes. This target aligns with India’s objective of reducing…

|

Scatec signs PPA for 1 GW solar and 100 MW battery storage project in Egypt

By

Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks Egypt’s first hybrid solar and battery energy storage system. Scatec will manage the engineering, procurement, and construction, along with asset management, operations, and maintenance services. The company aims to secure concessional financing and expects construction to begin in the…

Leave a Reply

Your email address will not be published. Required fields are marked *