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Gujarat to host India’s first indigenous semiconductor plant 

India, News

Gujarat Chief Minister Bhupendra Patel has announced that the state will host India’s first indigenously developed semiconductor chip plant, a significant milestone in the electronics and semiconductor sector. Highlighting the state’s achievements, Patel noted that Gujarat has attracted Rs 1,000 billion in investments in this sector, crediting the success to the 10th edition of the Vibrant Gujarat Global Summit, which played a crucial role in drawing investments in emerging technologies like AI and semiconductors. In…

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India plans major transmission schemes for 12 GW of green energy in Gujarat

India, News

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….

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Rudra Global Infra to invest Rs 1.9 billion in 30 MW solar project in Gujarat

India, News

Steelmaker Rudra Global Infra Products plans to invest Rs 1.9 billion in a 30 MW captive solar project in Gujarat, scheduled to commence operations by January 2025. The solar plant will primarily power the company’s billet and TMT bar manufacturing operations, increasing the capacity utilization of its steel melting shop (SMS) division from 33% to 50%. The project aims to produce one lakh tonne of billets and 2.1 lakh tonne of TMT bars annually. The…

Power Sector News Roundup for November 21, 2024

Power Bytes

Global: Amazon invests in Greece’s largest wind energy project with three wind farms. China tightens solar PV investment guidelines to address overcapacity. SEC to build publicly owned renewable energy park in Horsham, Australia. Bekevar Wind Farm opens, providing 200 MW of renewable energy in Saskatchewan. Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects. TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro. Octopus Energy and Skyborn prequalified for French…

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Adani Energy acquires Pune-III Transmission for Khavda project

India, News

Adani Energy Solutions Limited (AESL) acquired Pune-III Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part D on November 19, 2024. PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for selection of transmission service provider (TSP) for establishment of the project through tariff based competitive bidding (TBCB) mode process on…

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DVC signs PPAs with GUVNL to supply 559 MW of power

India, News

Damodar Valley Corporation (DVC) has entered into power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) to supply a total of 559 MW of electricity.  This includes 359 MW from the 800 MW Durgapur Thermal Power Expansion Project in West Bengal and 200 MW from the 2×800 MW Koderma Thermal Power Expansion Project in Jharkhand. The Durgapur project, situated in Bardhaman district, is an expansion of the retired Durgapur Steel Thermal Power Project. …

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Adani Group to invest USD 35 billion in renewable energy over five years

India, News

The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.  The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…

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NTPC targets Rs 5 trillion investment in green energy by 2030

India, News

NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL).  To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and energy storage. The company aims to add 60 GW of renewable energy capacity by 2032, with solar power accounting for…

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REC Power incorporates SPVs for Talegaon and Khavda power transmission projects

India, News

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has established two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for developing interstate transmission system (ISTS) schemes under the tariff-based competitive bidding (TBCB) mechanism. According to a stock exchange filing by REC Ltd, the parent company of RECPDCL, the SPVs were incorporated on November 18, 2024: WRNES Talegaon Power Transmission Ltd: Focused on network expansion in Maharashtra for green energy supply to pumped…

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NVVN awards 66 MW solar projects to Kirloskar Solar and Oriana Power

India, News

NTPC Vidyut Vyapar Nigam (NVVN) has awarded contracts totalling 66 MW of solar capacity to Kirloskar Solar Technologies and Oriana Power. The projects, valued at Rs 2.91 billion, will be developed across multiple Indian states. Kirloskar Solar Technologies received contracts for 32.29 MW of ground-mounted solar projects and 14.74 MW of rooftop solar installations, amounting to Rs 2.08 billion. These projects will be set up in Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Kerala, Gujarat, and Assam….