Power Sector News Roundup for November 18, 2024

Power Bytes

Global: Green Nation unveils plans for 750 MW Whitestone Solar Farm in the UK. B&W secures a $246 million coal-to-natural gas conversion project for AES Indiana. Alcazar Energy signs an MoU for a 2 GW onshore wind farm in Egypt. India: Trilateral power flow from Nepal to Bangladesh via India begins. NTPC and ONGC establish a joint venture for renewable energy projects. RECPDCL invites bids for transmission system development in Madhya Pradesh. Chubu Electric increases…

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Power ministry to launch Rs 10 billion scheme for MSME energy efficiency

India, News

The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies.  Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises. Technologies covered include automation systems for resource…

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…

Power Sector News Roundup for November 11, 2024

Power Bytes

Global: COP29: IEEFA urges banks to reorient lending for renewables; $400 billion annual funding shortfall identified Tongyeong Eco Power’s 1GW LNG plant begins operations in South Korea Oklo secures environmental permit for fission power plant in the United States India: Battery storage critical for India’s shift from coal; renewable capacity lags behind TERI unveils policy brief outlining India’s green hydrogen roadmap towards decarbonization India’s climate policies poised to cut 4 billion tonnes of CO₂ by…

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Solar Industries secures Rs 8.87 billion order from Singareni Collieries

India, News

Solar Industries India has received an order worth Rs 8.87 billion from Singareni Collieries Company (SCCL) to supply SME explosives, LDC explosives, and initiating systems for overburden blasting over two years.  This contract bolsters Solar Industries’ position in the mining explosives market and adds to its order book for the coming two years.  SCCL, one of India’s largest coal producers, is a government-owned mining corporation under the Department of Energy, Government of Telangana.

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MAHAGENCO-NTPC consortium top bidder for Sinnar Thermal Power plant

India, News

A consortium of Maharashtra’s state-owned MAHAGENCO and NTPC has emerged as the top bidder to acquire the 1,350 MW Sinnar Thermal Power plant near Nashik, with a bid of Rs 38 billion, surpassing Adani Power in the initial bidding round.  The consortium could potentially leverage its existing 2,190 MW Koradi power plant near Nagpur to supply coal and operate the Sinnar facility. The plant, originally developed by Indiabulls Power and currently a subsidiary of RattanIndia…

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EAC recommends environmental clearance for Raipur and Anuppur thermal projects

India, News

The Expert Appraisal Committee (EAC) under India’s Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) and Terms of Reference (ToR) for two ultra super-critical thermal power projects by Adani Power Limited (APL): the 1,600 MW Raipur (Raikheda) Thermal Expansion Project and the 3,200 MW Anuppur Thermal Power Plant.   1,600 MW Raipur (Raikheda) Ultra Super-Critical Expansion:This expansion project will add 1,600 MW (2×800 MW) to the existing 1,370 MW coal-based thermal…

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World Nuclear Performance 2024

Analysis, Features

In a world grappling with the urgency of climate goals and clean energy transitions, the World Nuclear Performance Report 2024, produced by the World Nuclear Association, presents a compelling narrative on the global nuclear industry’s role in reducing emissions and enhancing energy security. Through facts, case studies, and country-specific insights, the report highlights nuclear energy’s capacity to deliver dependable, carbon-free power and keep pace with rising global electricity demands. Nuclear’s Vital Statistics: Performance on a…

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NTPC Q2 FY 2025 net profit rises 14% to Rs 53.8 billion, revenue slightly declines

India, News

State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period last year. Revenue from operations in the September quarter stood at Rs 446.96 billion, a slight decline from Rs 449.83 billion reported in the corresponding quarter of the previous fiscal year. As India’s largest integrated power utility, NTPC contributes 25% of…

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Union government sanctions three pilot projects for hydrogen use in steel production

India, News

As part of the National Green Hydrogen Mission, the Indian government has approved three pilot projects aimed at utilizing hydrogen in steel production.  The projects include a 50 ton-per-day (tpd) plant by Matrix Gas and Renewables Ltd (in collaboration with Gensol Engineering Ltd, IIT Bhubaneswar, and Metsol AB, Sweden), a 40 tpd plant by Simplex Castings Ltd (partnered with BSBK, Ten Eight Investment, and IIT Bhilai), and a 3,200 tpd plant by Steel Authority of…