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Adani in talks to acquire 600 MW Butibori thermal project from Reliance 

India, News

Adani Power Ltd is in advanced discussions to acquire the 600 MW Butibori thermal power project in Nagpur, previously owned by the now-insolvent Reliance Power Ltd, according to a report by Mint. The deal is expected to be valued between Rs 24 billion and Rs 30 billion, which translates to approximately Rs 4 crore to Rs 5 crore per MW. The Butibori project, operated by Vidarbha Industries Power Ltd, a subsidiary of Reliance Power, has…

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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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Adani Power to build 1600 MW ultra-supercritical thermal power plant in Mirzapur

India, News

Adani Power is set to construct a 1600 MW (2×800 MW) greenfield ultra-supercritical thermal power plant in Mirzapur, Uttar Pradesh. This project is estimated to cost around Rs 140 billion.  The company is expanding its thermal portfolio from 15.25 GW to 16.85 GW. The new unit will be built by Adani Power’s subsidiary, Mirzapur Thermal Energy (UP) Ltd. (MTEUPL), which Adani Power acquired from Adani Infra (India) in June. The contract for manufacturing and supplying…

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Sri Lanka to hear petitions against Adani Wind Power Project on Oct 14

India, News

Sri Lanka’s Supreme Court has scheduled a hearing for October 14 on five fundamental rights petitions against the Adani Group’s wind power plant in Mannar. The respondents are required to file objections by September 13. Environmental NGOs, led by the Wildlife and Nature Protection Society, argue that the project endangers biodiversity and threatens migratory birds. The petitions challenge the legality of the Cabinet’s decision to treat the Adani project as a Sri Lanka-India government-to-government venture,…

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Hydropower: Achieving Global Renewable Energy Targets

Analysis, Features

At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai, global governments pledged to triple renewable generation capacity from 3.8 TW in 2022 to 11.2 TW by 2030. This increase in variable renewables poses grid security and flexibility challenges. Hydropower, among low-carbon options, is the most versatile and cost-effective solution for grid stability. Its key strengths are flexibility and resilience, complementing variable renewables with services ranging…

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Power Grid acquires Khavda V-A transmission project

India, News

Power Grid Corporation of India Ltd (PGCIL) acquired “Khavda V-A Power Transmission Ltd” from REC Power Development & Consultancy Ltd (RECPDCL) on November 19, 2024. This project, valued at Rs 250 billion, is the largest interstate transmission system (ISTS) scheme awarded under the tariff-based competitive bidding (TBCB) mechanism. The project is India’s first TBCB-awarded transmission scheme employing HVDC technology, a departure from the earlier regulated tariff mechanism (RTM) for most HVDC projects. PGCIL will earn…

Power Sector News Roundup for November 12, 2024

Power Bytes

Global: ACCA report warns of inadequate climate preparedness among businesses. EnBW to install a 100 MW battery storage system in Marbach, Germany. ScottishPower signs £1 billion deal with Siemens Gamesa for East Anglia 2 offshore wind farm. Entrion Wind secures US patent for FRP monopile technology. SPPC awards 7.2 GW power project contracts under Saudi Vision 2030. Energy Vault to build a 57 MW battery storage project in Texas. Nexans to sell AmerCable to Mattr…

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AESL acquires Progressive Grid Networks in Kenya

India, News

Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.  PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.

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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…