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JSW bags 400 MW wind-solar hybrid project in Maha

India, News

JSW Energy’s subsidiary, JSW Neo Energy, has received a Letter of Award for an additional 400 MW wind-solar hybrid power project from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). This capacity was secured through a greenshoe option, bringing JSW Neo’s total capacity under MSEDCL’s Phase-III auction to 600 MW. JSW Energy now has a total locked-in generation capacity of 17.6 GW, which includes 7.5 GW of operational projects and 2.3 GW of under-construction projects across…

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IREDA secures international credit rating from S&P Global

India, News

The Indian Renewable Energy Development Agency (IREDA) has received an international credit rating from S&P Global Ratings Limited, achieving a ‘BBB-’ long-term and ‘A-3’ short-term issuer credit rating. The outlook for IREDA has been designated as ‘Stable’. This rating will facilitate IREDA’s access to funding and support its expansion into international markets. In July 2024, IREDA announced plans to invest approximately Rs 2.9 billion in a 900 MW hydroelectric power project in Nepal. Earlier, in…

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Polavaram Project set for completion by March 2027 

India, News

Andhra Pradesh Chief Minister N Chandrababu Naidu has announced that the Polavaram Project is scheduled for completion by March 2027. The Central government has approved an in-principle funding of Rs 121.57 billion for the project, with Rs 60 billion allocated for the 2024-25 fiscal year and another Rs 61.57 billion for FY26. The construction work on the spillway, gates, and connectivity is expected to be completed by May 2025. Located in Polavaram Mandalam of Eluru…

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AM Green Ammonia achieves final investment decision for Kakinada green ammonia project

India, News

AM Green Ammonia B.V. has reached a Final Investment Decision (FID) for its inaugural million-ton green ammonia project in Kakinada, Andhra Pradesh, India. The company aims to achieve a production capacity of 5 million tons per annum (MTPA) of green ammonia by 2030, equivalent to about 1 MTPA of green hydrogen. Alongside its founders, AM Green Ammonia counts Gentari and GIC as its shareholders. The project, which involves a green hydrogen generation unit and its…

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NCT approves six new projects worth Rs 96.7 billion

India, News

The National Committee on Transmission (NCT) recently recommended six interstate transmission system (ISTS) schemes with a total project outlay of nearly Rs 96.7 billion, to be implemented under the tariff-based competitive bidding (TBCB) mechanism. These schemes aim to enhance India’s power transmission infrastructure across various states. The first scheme focuses on developing a transmission system to supply power to green hydrogen and ammonia manufacturing in the Kandla area of Gujarat, with a planned capacity of…

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India-GCC trade hits $162 billion, growing ties in energy, defence, and tech

India, News

India’s trade with the Gulf Cooperation Council (GCC) reached USD 162 billion last year, accounting for 15% of India’s total trade. This milestone, highlighted by Aseem R Mahajan, Joint Secretary – Gulf, Ministry of External Affairs, was announced during the ‘India MENA Business Dialogue: Bridging Economics, Fostering Growth’ event organised by FICCI. The event emphasised the expanding partnership between India and the Gulf, covering crucial sectors such as energy, defence, security, and health. Despite fluctuations…

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Italian researchers develop novel method to recover silver from end-of-life solar cells

Global, News

Researchers from Italy’s University of Camerino have developed a new method to recover silver from end-of-life solar cells, achieving an impressive recovery efficiency of 98%. This novel approach combines hydrometallurgical and electrochemical processes, which use aqueous solutions and electric currents, respectively, to extract and recover metals. Traditional metal extraction, such as open-pit mining, can cause significant environmental damage. In contrast, metal recovery from industrial waste can reduce environmental impact and lower energy consumption, offering a…

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Report: July 2024 Power sector installed capacity overview

Analysis, India, News

As of July 31, 2024, India’s total installed capacity for power generation reached 448,381.44 MW, covering various energy sources across different sectors and regions. The breakdown includes thermal power, which accounts for 242,996.91 MW, primarily derived from coal, lignite, gas, and diesel sources. Hydropower contributes 8,180 MW, covering major hydroelectric plants across the nation. Renewable energy sources (RES), which include solar, wind, biomass, and small hydro projects, account for 47,928.17 MW. Nuclear power adds another…

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US-India Civil Nuclear Commerce meeting underscores deepening collaboration in science and clean energy

India, News

Union Minister Dr. Jitendra Singh chaired a crucial bilateral meeting on US-India Civil Nuclear Commerce at Prithvi Bhavan, focusing on the expanding partnership between the two countries in science, technology, and clean energy. During the meeting, Dr. Singh announced that an Indian astronaut from the Gaganyaan Mission would soon join the International Space Station, marking a significant milestone in Indo-US space collaboration. Dr. Singh emphasized the importance of the US-India partnership in securing global supply…

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Explainer: Nepal transforms from electricity importer to exporter of India

India, News

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…