Author: Power Peak Digest Team Pub Date: October 25, 2024
Similar Posts
MoP unveils National Electricity Plan for transmission
Author: Power Peak Digest Team Pub Date: October 16, 2024 The Ministry of Power (MoP) has launched the National Electricity Plan for transmission, targeting the transmission of 500 GW of renewable energy by 2030 and over 600 GW by 2032. The plan also addresses the need for 47 GW of battery energy storage systems and 31 GW of pumped storage plants. From 2022-23 to 2031-32, the plan aims to add over 191,000 circuit km of…
MoEFCC eases compliance for renewable energy projects
Author: Power Peak Digest Team Pub Date: November 21, 2024 The Ministry of Environment, Forests, and Climate Change (MoEFCC) has simplified compliance requirements for renewable energy projects. Solar module manufacturing units, solar and wind power projects, and mini hydel projects under 25 MW are now exempt from obtaining Environmental Clearance (EC) and Consent to Establish (CTE). Additionally, projects with an EC will no longer require a separate CTE or Consent to Operate, reducing duplication in…
Gensol Engineering’s Q3 net profit rises by 29% to Rs 228.9 million
Author: Power Peak Digest Team Pub Date: October 29, 2024 Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year. The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
RECPDCL forms two SPVs for ISTS projects in Karnataka and Tamil Nadu
Author: Power Peak Digest Team Pub Date: November 6, 2024 REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity…
Waaree Energies explores land for solar manufacturing unit in Nagpur
Author: Power Peak Digest Team Pub Date: January 6, 2025 Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit. The company recently inspected potential sites in the Additional Butibori industrial estate of the Maharashtra Industrial Development Corporation (MIDC). If finalized, this project will contribute to Nagpur’s growing renewable energy equipment manufacturing…
TPREL and Canara Bank partner to promote rooftop solar systems
Author: Power Peak Digest Team Pub Date: December 23, 2024 Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans…