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SPV incorporated for Bhadla-Bikaner complex ISTS scheme

PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of...

MNRE increases solar module capacity under ALMM by 2.09 GW

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,094 MW of solar module capacity, bringing the total capacity to 58,422 MW.  Major additions include SAEL Solar P6 with 2,065...

PFCCL signs MoU with CEA to collaborate on power sector projects

On October 14, 2024, PFC Consulting Ltd (PFCCL), a wholly-owned subsidiary of Power Finance Corporation, signed a memorandum of understanding (MoU) with the Central Electricity Authority (CEA) to collaborate on generation, transmission, and...

MoP unveils National Electricity Plan for transmission

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...

PFCCL transfers four SPVs to PGCIL and Adani Energy

On October 15, 2024, PFC Consulting Ltd (PFCCL) transferred four special purpose vehicles (SPVs) for interstate transmission system (ISTS) projects to their winning developers, selected through tariff-based competitive bidding (TBCB). The projects...

PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme

On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route.  PGCIL will...

JSW Renew, NTPC sign PPA for 700 MW solar project

JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project...

India surpasses 200 GW renewable energy milestone

India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of...

Saatvik Green wins 200 MW solar module contract from MAHAGENCO

Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2...

Adani Energy adds 2,000 ckm to transmission portfolio

Adani Energy Solutions Ltd (AESL) has added over 2,000 circuit kilometers (ckm) to its under-construction power transmission portfolio with three new project wins in Q2 FY25. These projects, totalling 2,059 ckm of transmission lines and 13,500 MVA of...

Centre explores PLI scheme for localising power transmission supply chain

The Indian government is considering various incentive options, including a production-linked incentive (PLI) scheme, to localise equipment for the power transmission sector, according to Union Power Secretary Pankaj Agarwal. Speaking at a Central...

Delhi Metro’s Blue Line awarded carbon-neutral certification

Delhi Metro’s Blue Line, connecting Yamuna Bank with Vaishali in Ghaziabad, has received carbon-neutral certification, marking a significant milestone for the Delhi Metro Rail Corporation (DMRC). Officials highlighted this achievement as part of...

Himachal Pradesh unveils plan for 100% electric public transport by 2025

Himachal Pradesh is set to fully electrify its public transport system, with Chief Minister Sukhvinder Sukhu announcing a plan to convert the Himachal Road Transport Corporation (HRTC) fleet to 100% electric by March 2025.  The transition to electric...

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...

MNRE launches ‘Innovative Projects’ scheme under PM-Surya Ghar

The Ministry of New and Renewable Energy (MNRE) has introduced Scheme Guidelines for ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana, as notified on October 8, 2024. This initiative aims to foster advancements in rooftop...

Sterling and Wilson reports record Rs 1,050 billion order book

Sterling and Wilson Renewable Energy Ltd (SWREL) has reported its highest-ever outstanding order book, exceeding Rs 1,050 billion as of October 14, 2024.   In Q2 FY25 (July to September), SWREL recorded an order inflow of approximately Rs 205...

Oriano Clean Energy secures 184 MWp solar contract in Madhya Pradesh

Oriano Clean Energy, a leading solar development and EPC company in India, has been awarded a contract to build 184 MWp of solar PV projects in Agar, Malwa, Madhya Pradesh, by Blueleaf Energy, a prominent pan-Asian renewable energy platform. This...

Gautam Solar to expand solar module manufacturing to 5 GW by 2025

Gautam Solar plans to increase its solar module manufacturing capacity to 5 GW by 2025, with the first phase of expansion to be completed in November 2024, followed by phases in January and April 2025. The Rs 100 billion project will be funded...

Union Minister inaugurates 150-KW rooftop solar plant at GSI Hyderaba

Union Minister for Coal and Mines, Shri G. Kishan Reddy, inaugurated a 150-kilowatt rooftop solar power plant at the Geological Survey of India Training Institute (GSITI) in Hyderabad.  The solar plant is expected to meet 75% of GSITI’s energy...

Eaton inaugurates expanded electrical manufacturing facility in Puducherry

Eaton’s newly expanded 120,000 sqft electrical manufacturing facility in Puducherry was inaugurated on October 11, 2024, by Chairman and CEO Craig Arnold. The facility includes a 100,000 sqft shop floor for power distribution products and 20,000 sqft...

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IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand

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