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Sterling and Wilson Renewable Energy wins Rs 5.12 billion orders
Sterling and Wilson Renewable Energy (SWREL) has secured two new domestic orders from private independent power producers (IPPs), valued at Rs 5.12 billion. The company will provide engineering, procurement, and construction (EPC) services for a 200 MW AC/250 MWp DC solar PV project in Gujarat and a 50 MW AC/65 MWp DC solar PV plant in Maharashtra. The company, a global end-to-end renewable EPC provider, is active in utility-scale solar, floating solar, and hybrid energy…
CEA releases draft amendment to update business procedures
The Central Electricity Authority (CEA) has issued the draft CEA (Procedure for Transaction of Business) (First Amendment) Regulations, 2024, aiming to revise the 2006 regulations on conducting business. A key update to Regulation 12(1) sets the quorum for meetings as half of the appointed members, including the chairperson, with a minimum of three members. If there is a fractional number, it will be rounded up. In the chairperson’s absence, members will select a full-time member…
India’s engineering goods exports rise 3.66% in July on strong US, UAE demand
India’s engineering goods exports increased by 3.66% in July, reaching $9.04 billion, up from $8.72 billion in the same month last year, according to the Engineering Export Promotion Council (EEPC) of India. This growth was driven by increased shipments to key markets such as the US, UAE, Saudi Arabia, and Singapore. The rise was attributed to higher exports of electrical machinery, automobiles and auto components, and construction machinery including cranes, lifts, and winches. For the…
NCLT approves Sarda Energy’s Rs 22 billion acquisition of SKS Power
The National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt SKS Power Generation by Sarda Energy & Minerals for Rs 22 billion. This acquisition allows Indian banks, which have an exposure of Rs 18.9 billion, to recover their entire amount from the electricity generation firm. SKS Power Generation owns a 600-MW power plant in Chhattisgarh, currently operated by NTPC. The committee of creditors, led by State Bank of India (SBI) and Bank of…
PowerChina hands over 500 kV Thung Song substation to Thailand’s EGAT
Power Construction Corporation of China (PowerChina) has officially transferred the 500 kV Thung Song substation project to Thailand’s Electricity Generating Authority of Thailand (EGAT) after successful site acceptance tests. Located in Nakhon Si Thammarat, southern Thailand, the project is crucial for enhancing grid transmission capacity and ensuring stable power operations in the region. The project involved renovating and expanding an existing 230 kV air-insulated switchgear substation and constructing a new 500 kV gas-insulated switchgear substation.
Tata Electronics begins construction of Rs 270 billion chip assembly plant in Assam
Tata Electronics has commenced the construction of a Rs 270 billion chip assembly plant in Assam. The facility, located in Jagiroad, Morigaon district, is expected to be operational by next year. The plant will produce 4,830 million chips daily using indigenously developed technologies. The construction began within five months of approval. The chips produced will be used in vehicles, including electric vehicles, 5G technology, and network infrastructure. India Semiconductor Mission aims to develop 85,000 talents,…