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Record tariff set for Khavda IV-C ISTS project

India, News

Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over Rs 120 billion, includes a…

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Transformation and transmission capacity overview for August 2024

Analysis, Data Insights

As of August 2024, the total transformation capacity in India reached 12,69,350 MVA. During the financial year 2024-25, up until August, a total of 18,270 MVA had been added to the country’s substations, with 3,650 MVA being added in August alone. The Central Sector contributed 6,330 MVA out of the planned 51,645 MVA during the first five months of FY 2024-25. Power Grid Corporation India Limited (PGCIL) added 6,015 MVA during this period. The progress…

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Maharashtra secures Rs 1,200 billion investments

India, News

The Maharashtra government has secured investments worth Rs 1,200 billion, reinforcing the state’s status as a leading industrial hub. A cabinet sub-committee, led by Chief Minister Eknath Shinde, has approved several key projects expected to generate thousands of jobs and foster technological advancements. Key Projects: Tower Semiconductor with Adani Group: A semiconductor fabrication unit in Panvel, Mumbai, with an investment of Rs 839.47 billion. This project, a joint venture between Adani Group and Israel’s Tower…

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India adds 3.6 GW solar open access capacity in first half of 2024, a 153% surge

India, News

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…

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SECI announces winners for 1.5 GW electrolyser manufacturing auction

India, News

The Solar Energy Corporation of India Limited (SECI) has announced the winners for tranche 2 (Envelope-2 opening) of its electrolyser manufacturing auction, totaling 1,500 MW in capacity. These projects will be developed under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, with awards divided across three different buckets. Bucket 1, the largest category, allocated 1,100 MW of electrolyser manufacturing capacity based on any stack technology. Waaree Energies secured the largest share with 300 MW,…

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Indian solar panels face US scrutiny for possible links to China forced labor

India, News

Since October, the US Customs and Border Protection (CBP) has detained nearly $43 million worth of electronics equipment shipments from India under the 2022 Uygur Forced Labor Prevention Act (UFLPA). This marks a new area of focus for the trade enforcement agency, which aims to prevent goods made with forced labor from entering the US market. While CBP has not specified the types of detained electronics, industry sources indicate that polysilicon, a key material in…

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Report: July 2024 transformation capacity update

Analysis, India, News

In July 2024, India’s power sector saw the addition of 4,360 MVA to its transformation capacity. This brought the total capacity added for the fiscal year 2024-25, up to July, to 14,620 MVA. As a result, the current total transformation capacity in India reached 12,65,700 MVA. The Central Sector added 4,815 MVA in July. Powergrid, a key player in this sector, contributed 2,815 MVA to this total. The State Sector added 9,805 MVA. Andhra Pradesh…

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India’s renewable capacity reaches 190.57 GW, solar leads the way

India, News

In FY 2024, India added 11.5 GW of new utility-scale solar capacity, an 18% increase from the previous year, according to a report by JMK Research. The rooftop solar sector also showed impressive growth, with 3 GW installed, a 34% year-on-year increase. Wind capacity additions reached 3.25 GW, a 42.9% rise compared to FY 2023. The momentum continued in Q1 2024, with approximately 7.5 GW of utility-scale solar capacity added, five times the amount installed…

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Thirteen companies shortlisted for subsidies under SIGHT scheme for green hydrogen electrolysers

India, News

Thirteen companies, including Adani Enterprises, Waaree Energies, Ohmium Operations, and Avaada Electrolysers, have been shortlisted to receive subsidies under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. This scheme, part of the National Green Hydrogen Mission, aims to promote the manufacturing of electrolysers in India. The SIGHT scheme has a total outlay of Rs 174.9 billion, with Rs 22 billion allocated for this second tranche. The Solar Energy Corporation of…

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G R Infraprojects likely to win bid for Rs 7.93 billion ISTS project in Karnataka

India, News

G R Infraprojects Ltd (GRIL) is likely to secure its third interstate transmission system (ISTS) project under the tariff-based competitive bidding (TBCB) route. GRIL emerged as the lowest bidder (L1) for the “Transmission scheme for integration of Tumkur‐II REZ in Karnataka” during the e-reverse auction conducted on August 6, 2024. The project, coordinated by REC Power Development & Consultancy Ltd (RECPDCL), involves the development of key infrastructure, including a 400/220kV, 4×500 MVA Pooling Station near…