Search Results for: ISTS

REC Power Development & Consultancy Ltd (RECPDCL) has established a project special purpose vehicle (SPV) named “Rajasthan IV 4A Power Transmission Ltd” for the development of an interstate transmission system (ISTS) scheme associated with renewable energy evacuation in Rajasthan. The SPV was incorporated on August 6, 2024, as a wholly-owned subsidiary of RECPDCL, which is serving as the bid process coordinator (BPC) for the project. The developer for the scheme will be selected through a…

Two major interstate transmission system (ISTS) schemes are under deliberation to support the upcoming green hydrogen and ammonia capacities in Gujarat’s Kandla and Mundra regions. The National Committee on Transmission (NCT) is set to discuss these schemes, which have already been reviewed by the Western Region Power Committee (WRPC) earlier this year. These schemes aim to facilitate the transfer of nearly 12 GW of green energy, with an estimated cost of around Rs 92 billion….

Fourth Partner Energy Ltd (FPEL) has raised $275 million from the International Financial Corporation (IFC), Asian Development Bank (ADB), and German Investment Corporation (DEG) to support its goal of 3.5 GW renewable energy capacity by 2026. The funding breakdown includes $125 million from IFC, $100 million from ADB, and $50 million from DEG. This investment will bolster FPEL’s current 1.5 GW portfolio and help commission a 575 MW wind-solar hybrid project in Karnataka later this…

Blueleaf Energy has secured financing for its 200-MW wind and solar hybrid power project in Madhya Pradesh. Axis Bank will provide around USD 170 million to support the Pachora Hybrid project, Blueleaf’s first utility-scale venture in India, set to commence commercial operations in 2025. The project, located at the Pachora Inter State Transmission System (ISTS) substation, will generate over 600 GWh annually, powering approximately 110,000 households. Blueleaf has secured buyers for International Renewable Energy Certificates…