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PFCCL establishes SPV for ISTS scheme development in Karnataka
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections. PFCCL has commenced the bidding…
Gujarat leads India in wind power generation: Minister
Gujarat ranks first in India for wind power generation, producing 12,132 MW, according to state climate change minister Mulu Bera. As of July 31, the state has installed wind power projects with a total capacity of 47,075 MW, contributing 25.8% of India’s total wind energy production. The Gujarat government has set a target to generate 100 GW of power from conventional and renewable sources and is implementing various initiatives to achieve this goal. In recognition…
Skipper achieves record-high order book of Rs 65.9 billion
Skipper Ltd announced its highest-ever closing order book of Rs 65.9 billion, with 85% from domestic orders and 15% from exports. The company recorded an order inflow of Rs 16.6 billion in Q2 FY25 (July to September 2024), with key domestic contracts from Power Grid Corporation of India Ltd (PGCIL) and state electricity boards. Export orders primarily came from North and South America. Year-to-date order inflows from April 1 to October 28, 2024, totaled Rs…
Andhra Pradesh launches projects worth Rs 36.83 billion in Sri City
On August 19, 2024, Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone, inaugurated, and inked deals for projects in Sri City valued at Rs 36.83 billion, potentially generating 15,280 employment opportunities. Fifteen industrial projects worth Rs 15.7 billion were inaugurated, expected to create 8,480 jobs. The foundation was laid for seven projects with an investment of Rs 9 billion, likely to generate 2,740 jobs. Additionally, five agreements were signed involving an investment…
Surge in renewables turns electricity prices negative
The surge in solar panels and wind turbines is leading to an increase in negative wholesale electricity prices. This phenomenon, occurring in regions such as southern Australia, southern California, France, and Switzerland, happens when production exceeds demand. For example, in southern Australia, negative prices have been recorded about 20 per cent of the time since last year. Southern California saw negative prices over 20 per cent of the time in the first half of 2024,…
ISTS scheme for green hydrogen units in Tuticorin approved
The National Committee on Transmission (NCT) has approved a Rs 26.17 billion interstate transmission system (ISTS) to support upcoming green hydrogen and green ammonia projects in the Tuticorin area of Tamil Nadu. The project, titled “Transmission system for proposed green hydrogen/green ammonia projects in Tuticorin area,” will be implemented under tariff-based competitive bidding (TBCB) with REC Power Development & Consultancy Ltd (RECPDCL) serving as the bid process coordinator. The project will be completed within 30…