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SBEC commissions 40.5 KWp solar project in Uttar Pradesh
SBEC Systems (India) has commissioned a 40.5 KWp solar power project at Kumkum Modi Public School in Baraut Rural, Baghpat, operational since 20 September 2024. This follows the company’s earlier commissioning of a 675 KWp solar project at Modi Arc Electrode Company, Modinagar, in July 2024. SBEC Systems, specializing in the sugar and power sectors, provides engineering and consultancy services, including project design, planning, fabrication, erection, and commissioning.
PGCIL emerges as L1 for Transmission system for evacuation of power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) under Phase-III Part I
Power Grid Corporation of India Limited (PGCIL) has emerged as the lowest bidder (L1) for the Transmission system for evacuation of power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) under Phase-III Part I. REC Power Development & Consultancy Limited (RECPDCL), its bid process coordinator, will transfer the special purpose vehicle (SPV) Rajasthan Part I Power Transmission Limited to PGCIL upon completion of formalities. The project is estimated at Rs 127 billion and will…
Asia to spend over USD 20bn on EVs: Report
Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years. Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global Ratings credit analyst Claire Yuan noted that…
BHEL sees 23% growth in order inflows in H1FY25
Bharat Heavy Electricals Ltd (BHEL) reported a 23% increase in order inflows in the first half of FY25, reaching Rs 41.09 billion, up from Rs 33.48 billion in H1FY24. The power sector led the order bookings, contributing 93% of the inflows. As of September 30, 2024, BHEL’s outstanding order book stood at Rs 1.60 trillion, with 78.5% from the power sector, 19.1% from the industry sector, and 2.3% from exports. BHEL’s power T&D offerings fall…
UNEZA commits $116bn annually to clean power and grid infrastructure
Members of the Utilities for Net Zero Alliance (UNEZA) have announced plans to invest over $116 billion per year in clean power generation and grid infrastructure globally in the coming years. Nearly 50% of this investment will focus on transmission and distribution infrastructure. UNEZA, launched at COP28 in 2023, includes 32 major energy companies like Adani Green Energy, Hitachi Energy, and TAQA. The alliance aims to modernise grid infrastructure and drive demand for equipment and…
Share of thermal power in India’s energy mix to decline by FY26 as renewables rise
The share of thermal power in India’s overall power generation is projected to decline to 67% by the fiscal year 2025-26, down from 73% in FY24, according to Crisil Ratings. While thermal power has met growing electricity demand over the past five years, the upcoming surge in renewable capacity—over 50 gigawatts (GW) by FY26—will outpace thermal power generation growth. This marks the first time incremental RE generation growth, at 20%, will surpass overall power demand…