Author: PPD Team Date: 23/12/2024

Lloyd Metals and Energy Limited plans to form two special purpose vehicles (SPVs) with Amplus Energy Solutions and Hinduja Renewables Energy for procuring 100 MW solar power for its captive use. 

The company will invest Rs 250 million and Rs 270 million to acquire a 26 per cent stake in the SPVs with Amplus Energy and Hinduja Renewables, respectively.

The SPVs will develop and operate captive solar plants, ensuring sustainability and cost efficiency. 

Lloyd Metals will procure at least 51 per cent of the solar power generated by each SPV for its consumption.

Similar Posts

|

NSW approves Mt Piper battery project

By

Author: PPD Team Date: 27/11/2024 The New South Wales (NSW) government has approved the A$1bn ($647m) Mt Piper Battery Energy Storage System (BESS) project by EnergyAustralia.  With a capacity of 500MW/2,000MWh, the facility will store surplus grid energy during low-demand periods and release it when demand is high.  EnergyAustralia will invest up to A$2m ($1.2m) in Lithgow City through a voluntary planning agreement. The project is expected to create 177 jobs during its construction and…

|

Eku Energy achieves financial close for Williamsdale BESS in Australia

By

Author: PPD Team Date: 07/11/2024 Eku Energy has reached a financial close on its 250MW/500MWh Williamsdale Battery Energy Storage System (BESS) project in Canberra, ACT, marking a significant advancement in the ACT government’s Big Canberra Battery initiative.  Powered by Tesla Energy’s megapacks, the system will help store renewable energy to meet one-third of Canberra’s electricity needs during peak demand. The Williamsdale BESS will connect to Evoenergy’s distribution network, bolstering Canberra’s energy security and supporting the…

|

GUVNL issues tender for 200 MW BESS in Gujarat

By

Author: PPD Team Date: 23/10/2024 The Gujarat Urja Vikas Nigam (GUVNL) has announced a tender to develop a 200 MW/1600 MWh standalone battery energy storage system (BESS) in Gujarat.  The developer selection will occur through a tariff-based competitive bidding process (Phase-V).  The BESS will have a daily capacity of 1600 MWh. It will draw power from the Gujarat Energy Transmission Corporation (GETCO) network for charging and inject power back into the network as directed by…

|

MoP unveils National Electricity Plan for transmission

By

Author: PPD Team Date: 16/10/2024 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 transmission lines and 1,270 GVA…

|

Azerbaijan awards first 100 MW solar project to Universal International

By

Author: PPD Team Date: 26/11/2024 Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings.  The company secured the contract with a winning bid of $0.0354 per kilowatt hour (kWh). The auction, opened in April 2024 by Azerbaijan’s Ministry of Energy, was supported by the European Bank for Reconstruction and Development (EBRD). The announcement coincided with the COP29 climate summit in…

|

NTPC and RVUNL form joint venture for Chhabra thermal power plant

By

Author: PPD Team Date: 06/11/2024 NTPC Limited has signed a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly own and operate the Chhabra thermal power plant.  The 2,320 MW plant, currently managed by RVUNL, comprises four 250 MW units (Stage 1) and two 660 MW units (Stage 2). Under this 50:50 partnership, the joint venture aims to manage the plant’s operations and explore capacity expansion opportunities.

Leave a Reply

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