Rayzon Solar has won a contract to supply 216 MW of high-efficiency photovoltaic (PV) modules to Larsen & Toubro (L&T) for three solar projects across India. The modules will be integral to L&T’s floating solar projects at Panchet and Ramagundam, as well as a ground-based solar project in Bihar.
Larsen & Toubro (L&T) has been declared the lowest bidder by NTPC for the main plant package of super thermal power plants (STPPs) at Gadarwara in Madhya Pradesh, Telangana, and Nabinagar in Bihar. L&T will undertake work for Gadarwara STPP Stage-II (2×800 MW), Telangana STPP Stage-II (3×800 MW), and Nabinagar STPP Stage-II (3×800 MW). The scope of work includes design, engineering, manufacture, supply, construction, erection, testing, and commissioning of the main plant package. The projects…
Peak Power Demand Northern Region: The Northern region saw a substantial peak demand, with Uttar Pradesh leading at 30,618 MW, followed by Rajasthan and Punjab. While the peak met rate was largely consistent with demand, regions like Jammu & Kashmir and Uttarakhand saw deficits. Jammu & Kashmir experienced a 12.4% shortfall in meeting the demand, which stood at 3,236 MW, while Uttarakhand faced a smaller gap of 2.9%. Western Region: Maharashtra recorded a high peak…
Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada have emerged as winners in SJVN’s auction for supplying 1,200 MW of firm and dispatchable power. The power will come from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems, under the FDRE II competitive bidding. Juniper, ReNew, Zelestra, and Hero secured 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at Rs 4.25 per kWh. Avaada was awarded 590…
Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in a phased manner, focusing on the development…
Power Grid Corporation of India Ltd (PGCIL) has been nominated to execute two interstate transmission system (ISTS) projects under the regulated tariff mechanism (RTM) route, with a total investment of Rs 4.2 billion. The National Committee on Transmission (NCT) approved these projects during its meeting on August 23, 2024. The first project, the Eastern Region Expansion Scheme – 43 (ERES-43), has a budget of Rs 3.10 billion and an implementation period of 18 months, with…
In July 2024, India’s energy requirement was 150,207 MU, and the energy supplied was 149,852 MU, resulting in a deficit of 355 MU. The Northern Region had the highest energy requirement at 54,849 MU, with a supply of 54,580 MU, leading to a shortfall of 269 MU. The Western Region required 41,066 MU and supplied 41,036 MU, facing a deficit of 30 MU. The Southern Region’s requirement was 33,352 MU, and it met almost all…
Nepal, once plagued by frequent blackouts, has transformed into a significant electricity exporter to India. The country is set to supply an additional 251 megawatts (MW) of power to India, mainly through Bihar, due to a medium-term sales agreement involving 12 hydropower projects. This will increase Nepal’s total power exports to India to 941 MW, enough to power nearly 190,000 homes for an entire year. This transformation was set in motion by the Power Trading…
The Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 57.92 billion for SJVN Limited’s 669 MW Lower Arun hydroelectric project (HEP) in Nepal’s Sankhuwasabha district, with a tariff set at Rs 4.99 per unit. The CCEA also granted retroactive approval for the creation of a special purpose vehicle (SPV) and approved an equity investment of Rs 17.37 billion in SJVN Lower Arun Power Development Company Private Limited. The project will utilize…
India’s power distribution sector remains under significant financial pressure due to persistently high aggregate technical and commercial (AT&C) losses and insufficient tariff hikes. A recent report by ICRA highlights that despite some progress, state-owned distribution companies (discoms) continue to struggle with balancing costs and revenues, particularly in states like Bihar, Jharkhand, Madhya Pradesh, Odisha, and Uttar Pradesh, where AT&C losses exceed 20%. Nationally, AT&C losses have seen a reduction, dropping from 23% in FY2021 to…
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