NCT recommends two ISTS projects in Madhya Pradesh for final approval
Author: PPD Team Date: November 28, 2024
Author: PPD Team Date: November 28, 2024
The National Committee on Transmission (NCT) has recommended two interstate transmission system (ISTS) projects to the Ministry of Power (MoP) for final clearance under the tariff-based competitive bidding (TBCB) mode.
The first project involves the transmission system for evacuating power from renewable energy projects in the Rajgarh Special Economic Zone (SEZ) in Madhya Pradesh, Phase III, with an estimated cost of Rs 10.79 billion. REC Power Distribution Company Limited (REC PDCL) has been appointed as the bid process coordinator (BPC) for this project.
The second project pertains to the transmission system for evacuating power from renewable energy projects in the Neemuch SEZ in Madhya Pradesh, Phase II, estimated at Rs 23.93 billion. PFC Consulting Limited (PFCCL) will serve as the BPC for this initiative.
Author: PPD Team Date: March 6, 2026 The Ministry of New and Renewable Energy (MNRE) has notified the Green Methanol Standard for India, defining green methanol as methanol produced using green hydrogen and setting a limit on well-to-product greenhouse gas emissions. The standard caps emissions at 0.44 kilogram of carbon dioxide equivalent (COâ‚‚e) per kilogram of methanol. According to an office memorandum issued on February 27, 2026, green methanol is defined as methanol (CH₃OH) produced…
Author: PPD Team Date: April 28, 2025 Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio…
Author: PPD Team Date: January 29, 2025 Suzlon Group’s net profit surged by 91% year-on-year, reaching Rs 3.88 billion. The company achieved its highest-ever quarterly deliveries, totalling 447 MW, bringing its nine-month total to 977 MW. Revenue for the quarter grew by 42% from the previous quarter and 94% from the same period last year, amounting to $2.97 billion. Suzlon’s EBITDA increased by 102%, reaching $500 million, while its order book hit a record 5,500…
Author: PPD Team Date: September 12, 2024 GE Vernova Inc. has launched the RESTORE DC Block, an advanced containerized solution for Battery Enabled Energy Storage (BESS) with a capacity of 5 MWh and an operational duration of 2-8 hours. Designed for utility-scale renewable and energy storage projects, the solution enhances grid reliability by storing excess energy during high-generation periods and releasing it when demand peaks. The RESTORE DC Block is part of GE Vernova’s FLEXRESERVOIR…
Author: PPD Team Date: June 5, 2025 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has incorporated a new entity—Adani Hydro Energy Ten Limited (AHE10L). The new company will support AGEL’s growing renewable energy portfolio across India. AHE10L has been set up to undertake the generation, development, transformation, distribution, transmission, and sale of power from renewable energy sources. These include wind, solar, and other non-fossil fuel-based technologies. The…
Author: PPD Team Date: January 19, 2026 KPI Green Energy Limited has secured orders for the Balance of System (BoS) package for a 534 MW solar power cluster at Khavda in Gujarat. The contracts, covering supply and onsite services, were awarded by Adani Green Energy Limited and Adani Green Energy Six Limited. In its regulatory filing, KPI Green Energy stated that the BoS scope is split into two distinct orders. The supply order includes manufacturing,…