NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL).
The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.
Directorate General of Trade Remedies (DGTR), investigative arm of the Ministry of Commerce and Industry, has recommended imposing an anti-dumping duty on aluminium frames for solar panels imported from China. The aluminium frames were exported to India below the normal value, resulting in dumping. The proposed duty, which could reach up to USD 577 per tonne, is intended to protect the domestic industry from the adverse effects of cheaper imports being sold at unfairly low…
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business as a finance company in IFSC GIFT City, Gujarat. PIFIL will be the first finance company in the IFSC dedicated to power and infrastructure lending, providing financing in foreign currency for both government and private entities in India and abroad. The company will focus on…
Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’ conference on 12 November 2024,…
The European Union has allocated up to €36 million to thyssenkrupp nucera’s advanced Solid Oxide Electrolyzer Cell (SOEC) project, supporting the construction of a 300 MW green hydrogen production plant. Utilizing SOEC technology licensed by Fraunhofer IKTS, the project leverages high-temperature electrolysis to produce green hydrogen and synthesis gas with enhanced efficiency and cost advantages for various industrial applications. This funding aligns with the EU’s climate objectives to promote energy efficiency, renewable energy, and technological…
EliTe Solar has announced plans to invest over $150 million in building an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility, spanning 78,000 square meters, will focus on producing high-efficiency solar cells and assembling modules, with a significant portion of the output intended for export to key markets, including the US. The project will be completed in two phases, with the initial phase establishing a 2 GW solar cell production…
The Scottish Government has approved the construction and operation of the 228 MW Smeaton Battery Energy Storage System (BESS) near Dalkeith, East Lothian. This project is part of Kona Energy’s collaboration with the Electricity System Operator (ESO) and National Grid to address energy constraints and enhance network stability. Kona Energy, in partnership with Zenobē, Eku, and Field, co-authored a proposal to use batteries to reduce public costs associated with energy constraints. With advisory support from…
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