India Finalizes National Electricity Plan for 2032 with Rs 9 Trillion Outlay
India’s National Electricity Plan (2023-2032), announced by Union power minister Manohar Lal, targets a Rs 9 trillion investment to meet a 458 GW peak demand by 2032. The plan includes expanding transmission networks to 0.65 million ckm, adding 33.25 GW HVDC systems, and boosting interregional transfer capacity. Renewable energy evacuation and pumped storage projects also receive major focus.
Power Minister Launches CSIRT-Power to Strengthen Cybersecurity in Energy Sector
Union power minister Manohar Lal inaugurated the CSIRT-Power facility in New Delhi on September 23, 2024, as part of the National Cyber Security Policy. The centre, developed with CERT-In, will enhance cybersecurity in the power sector by detecting threats, responding to incidents, and promoting resilience through capacity building and best practices.
Power Grid Secures Rs 5.01 Billion Khavda Project in Gujarat, Outbids Adani Energy
Power Grid Corporation of India Ltd (PGCIL) has secured the Rs 5.01 billion Khavda transmission project in Gujarat through competitive bidding, marking its fourth ISTS-TBCB win in September 2024. The project involves installing STATCOMs at Khavda Pooling Stations 1 and 3 to manage voltage fluctuations from renewable energy. PGCIL outbid Adani Energy Solutions Ltd, boosting its strong FY25 performance.
L&T Secures Power Transmission and Distribution Contracts Worth Up to Rs 150 Billion in Middle East
Larsen & Toubro’s Power Transmission & Distribution division won contracts in Saudi Arabia and UAE to enhance high-voltage grids, valued between Rs 100 billion and Rs 150 billion. The projects include establishing ±500kV HVDC links, 380kV and 400kV GIS substations, and integrating renewable energy into the grid to strengthen regional power resilience and capacity.
Cabinet Approves Two Green Hydrogen Units in Mumbai Metropolitan Region
The State Cabinet has approved two green hydrogen production units in the Mumbai Metropolitan Region, with capacities of 10-15 KTPA. These anchor projects align with the 2023 Government Resolution, promoting green hydrogen’s role in powering fuel cells, generating electricity, and producing chemicals. The move supports India’s renewable energy goals and sustainable growth initiatives.
GE Vernova Secures Five Onshore Wind Deals in Spain
GE Vernova signed five agreements to supply 6.1 MW turbines for wind projects across Spain, including 16 turbines for Castilla León wind farms and upgrades in Catalonia and Andalucía. Deliveries start in late 2024. With 4.3 GW of operational capacity in Spain, GE Vernova supports the country’s wind energy growth, aiming to surpass 50 GW by 2030.