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RECPDCL floats tender for power evacuation from hydro PSPs
REC Power Development and Consultancy (RECPDCL), a subsidiary of REC Limited, has issued a tender to select a transmission service provider for establishing an inter-state transmission system (ISTS) as part of a network expansion program in the western region. The project will support pumped hydro storage projects (PSP) near Talegaon, Pune, Maharashtra, through a tariff-based competitive bidding process. The bid submission deadline is December 20, 2024. The project aims to evacuate 1.5 GW of power…
Adani Group signs pact for key electricity transmission lines in Kenya
Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by AESL. The Kenyan government will…
Nexans to sell AmerCable to Mattr for $280 million
Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million. Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification, positioning itself as a ‘Pure…
JNCASR, Hindustan Zinc partner to develop zinc-ion batteries for low-cost energy storage
The Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) and Hindustan Zinc Limited (HZL) have signed a Memorandum of Understanding (MoU) to develop and commercialize zinc-ion battery technologies. This collaboration aims to create new variants of zinc materials, offering a low-cost, domestically sourced alternative to expensive imported lithium-ion batteries. Zinc-ion batteries, utilizing abundant and inexpensive raw materials, hold great promise for large-scale energy storage due to their superior performance and safety. Recent advancements in zinc…
TP Parivart signs PDA with Tata Steel for 70 MW solar plant
TP Parivart has signed a Power Delivery Agreement (PDA) with Tata Steel for a 70 MW group captive solar power plant in Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 115,000 tonnes. TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL), itself a subsidiary of Tata Power.
NREL to award pooling station tender for 630 MW Barethi solar project by September
NTPC Renewable Energy Limited (NREL), a subsidiary of NTPC Limited, is developing a 630 MW solar project in Barethi, Chhatarpur district, in Khajuraho. The project, executed under the Engineering, Procurement & Construction (EPC) mode, has been sanctioned by the Ministry of New & Renewable Energy (MNRE) under the Solar Parks scheme. The land for the project has been transferred to NREL. Notice Inviting Tender (NIT) for the EPC Package and Pooling Substation Package have been…