Power Sector News Roundup for November 8, 2024

Power Bytes

Global: European clean energy stocks fall amid Trump’s victory and policy concerns Global energy efficiency improvements lag behind COP28 targets: IEA Nigeria calls for bids to develop 4 GW gas-fired power plants Ireland’s EirGrid awards contracts for renewables integration technologies RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm EDF in talks to source nuclear power for 1 GW data centre projects in France Ireland releases geophysical data ahead of 900 MW offshore…

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Three bidders qualify for Rajasthan REZ Phase IV transmission project

India, News

Three developers—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL)—have pre-qualified to open initial price bids for a key ISTS-TBCB project for renewable energy evacuation from Rajasthan.  The project, titled “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part A,” is coordinated by REC Power Development & Consultancy Ltd (RECPDCL), which expects to issue the letter of intent to the winning bidder post…

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Four developers shortlisted for Rajasthan HVDC-based ISTS scheme re-tender

India, News

Four developers, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and India Grid Trust (IndiGrid), have been shortlisted for the development of an interstate transmission system (ISTS) scheme in Rajasthan.  The scheme, “Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part I,” involves high-voltage direct current (HVDC) infrastructure and was re-tendered in August following the annulment of the original bidding process. Housed under…

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PGCIL wins mega ISTS project for renewable energy evacuation in Gujarat

India, News

Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology.  The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build, own, operate, and transfer (BOOT) basis. The letter of intent (LoI) was received on October 28, 2024. The project, housed…

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PGCIL secures LoIs for two ISTS schemes in Rajasthan

India, News

Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…

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PFCCL establishes SPV for ISTS scheme development in Karnataka

India, News

PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka.  The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections. PFCCL has commenced the bidding…

Power Sector News Roundup for October 21, 2024

Power Bytes

Global: Top European Union economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen Energy reports Neart na Gaoithe offshore wind farm generates first power for UK grid Hellenic Cables secures contract for Leading Light Wind project in the US deveritec GmbH and Wirepas launch new NIC for Wirepas 5G Mesh in Europe Lhyfe partners with KEYOU for hydrogen mobility in…

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PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme

India, News

On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route.  PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with associated reactors. The project aims for completion within 24 months….

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Four qualify for twin Bikaner ISTS-TBCB schemes in Rajasthan

India, News

Four companies—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and Tata Power—have qualified to submit initial price bids for two independent transmission schemes aimed at evacuating renewable energy (RE) from Rajasthan’s Bikaner Complex. These bids are part of the tariff-based competitive bidding (TBCB) process coordinated by REC Power Development & Consultancy Ltd (RECPDCL). The two schemes, under the overarching Rajasthan REZ Phase-IV project, are being bid out separately and…

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Tata Power among four bidders shortlisted for ERES-XXXIX

India, News

Tata Power has qualified as one of the four bidders for the Eastern Region Expansion Scheme – XXXIX (ERES-XXXIX), a key interstate transmission system (ISTS) project in Odisha. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) shortlisted Tata Power, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) under the tariff-based competitive bidding (TBCB) mechanism. The selected bidders will have their initial price bids opened, followed by…