Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power.
APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
At the Nuclear Industry Association’s annual conference, Nuclear 2024, UK Secretary of State for Energy and Climate Change, Ed Miliband, praised the nuclear industry for offering “well-paid, highly skilled, unionised jobs” that benefit local communities. He pointed to Hinkley Point C’s impact in Somerset, where its construction has contributed to a 25% increase in the number of young people in the region since 2011. Miliband emphasized that the nuclear sector serves as a model for…
Coal India Limited (CIL) is advancing 119 projects with a sanctioned capital of Rs 1.33 trillion to enhance coal production and meet the growing energy demand. The projects are in various stages of implementation and are expected to significantly augment CIL’s output. In the financial year 2023-24, CIL aims to achieve a production target of 780 million tonnes, an increase from the previous year’s 703 million tonnes. This target aligns with India’s objective of reducing…
Arctech has signed a major supply agreement with China Energy Engineering Group Co., Ltd. to provide 2.3 GW of its 1P single-axis solar tracker system, SkyLine II, for the PIF4-Haden project owned by ACWA Power. This project, supporting Saudi Vision 2030, is expected to reach commercial operations by early 2027. SkyLine II’s innovative synchronous multi-point drive mechanism enables it to operate effectively in the strong winds typical of the desert site. Its modular design allows…
Nepal, once plagued by frequent blackouts, has transformed into a significant electricity exporter to India. The country is set to supply an additional 251 megawatts (MW) of power to India, mainly through Bihar, due to a medium-term sales agreement involving 12 hydropower projects. This will increase Nepal’s total power exports to India to 941 MW, enough to power nearly 190,000 homes for an entire year. This transformation was set in motion by the Power Trading…
Vanda RE Private Limited, a joint venture led by Gurīn Energy, has received a conditional license from the Energy Market Authority to supply 300 MW of solar power to Singapore. The power will be sourced from the larger Vanda Solar & Battery Project, which will have a total capacity of 2,000 MW of solar power and 4,400 MWh of battery storage. Set to commence commercial operations by 2028, the project aims to provide clean energy…
The government has launched the PM E-DRIVE Scheme, allocating Rs 109 billion to accelerate the adoption of electric vehicles (EVs), develop charging infrastructure, and boost India’s EV manufacturing ecosystem. The scheme will run from October 1, 2024, to March 31, 2026, subsuming the ongoing EMPS-2024 scheme. The scheme offers subsidies for electric two-wheelers (e-2Ws) based on battery power, providing Rs 5,000 per kilowatt hour in the first year, capped at Rs 10,000. In the second…