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Karnataka simplifies transfer of Gruha Jyoti scheme benefits to new homes
The Energy Department in Karnataka has announced that residents can now delink their old Revenue Register (RR) number and link a new one to continue enjoying the benefits of the Gruha Jyoti scheme, which offers free electricity up to 200 units for domestic users. This update, marking the scheme’s first anniversary, ensures uninterrupted support for beneficiaries, even when they move to a new home. The Gruha Jyoti scheme is one of the five key promises…
India adds 3.6 GW solar open access capacity in first half of 2024, a 153% surge
India added 3.6 GW of solar open access capacity in the first half of 2024, marking a 153% increase from the 1.4 GW installed during the same period in 2023, according to a report by Mercom India. This addition surpasses the total annual installations of all previous years. In Q2 2024 alone, the country added 1.8 GW of solar open access capacity, representing a 152% year-over-year increase compared to 712.8 MW in Q2 2023. Adani…
ReNew Energy posts sevenfold rise in Q4 net profit to Rs 610 million
Renewable energy company ReNew Energy Global reported a net profit of Rs 610 million in Q4 FY24, a sevenfold increase from the corresponding quarter of the previous fiscal. This surge was driven by higher finance income and lower expenses. Despite the profit jump, Q4 revenue fell by 4.4% to Rs 24.78 billion from Rs 25.92 billion in the same quarter last fiscal, due to lower earnings from transmission projects. For FY24, ReNew reported a net…
NKT secures order from Elia Transmission Belgium for 545 km high-voltage cables
Danish cable manufacturer NKT has secured an order from Belgian transmission system operator Elia Transmission Belgium (ETB) to supply 545 km of high-voltage cables for grid upgrades. This order falls under an existing framework agreement between NKT and ETB, building on a recent 72km cable supply deal. ETB, part of the Elia Group, manages Belgium’s high-voltage transmission grid, which includes 9,000km of overhead lines and underground cables crucial for the country’s electricity distribution. The power…
Key Power Sector News Roundup for September 24, 2024
India Finalizes National Electricity Plan for 2032 with Rs 9 Trillion Outlay India’s National Electricity Plan (2023-2032), announced by Union power minister Manohar Lal, targets a Rs 9 trillion investment to meet a 458 GW peak demand by 2032. The plan includes expanding transmission networks to 0.65 million ckm, adding 33.25 GW HVDC systems, and boosting interregional transfer capacity. Renewable energy evacuation and pumped storage projects also receive major focus. Power Minister Launches CSIRT-Power to…
Pupuk Indonesia to procure green hydrogen from PLN and ACWA
PT Pupuk Indonesia (Persero) has signed a Head of Key Terms (HoT) agreement with ACWA Power, PLN Energi Primer Indonesia, and PLN Indonesia Power to secure green hydrogen for scaling up its green ammonia production. This collaboration, which began last year, aims to ensure a steady supply of green hydrogen, the key raw material for producing green ammonia, which Pupuk Indonesia will use to manufacture urea and NPK fertilizers. A joint venture between ACWA Power…