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Shilchar Technologies expands transformer manufacturing capacity

India, News

Shilchar Technologies has completed a capacity expansion at its transformer manufacturing facility in Gavasad, Vadodara district, Gujarat. The facility’s capacity grew by 3,500 MVA in August 2024, reaching a total of 7,500 MVA annually, effective from October 1, 2024 (H2FY25). Senior management highlighted that the company is fully prepared to maximize this expanded capacity. Shilchar’s order book currently stands at approximately Rs 4.5 billion, expected to be executed over the coming nine months. Demand remains…

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IndiGrid reports Rs 651 billion bid pipeline, expands BESS portfolio with new projects

India, News

India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage system (BESS) market, primarily from projects in Gujarat and Uttar Pradesh. In Q2FY25, IndiGrid announced a partnership with British International…

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Insolation Green Energy secures solar PV module order for NTPC Khavada

India, News

Insolation Green Energy Private Limited has received a purchase order to supply solar photovoltaic (PV) modules for NTPC’s Khavada site in Gujarat.  The order, valued at Rs 2.08 billion, includes 150 MW of 550 Wp solar PV modules, with execution planned for the fiscal year 2024-25.

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IndiGrid, Kintech and H.G. Infra win NVVN’s BESS auction

India, News

IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support.  NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was awarded 185 MW at Rs 238,000/MW/month. According…

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Rajesh Power Services files DRHP for IPO on BSE SME

India, News

Rajesh Power Services Ltd (RPSL) has filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO).  The IPO includes a fresh issue of 2.79 million equity shares, each with a face value of Rs 10, and an offer for sale of up to 2 million equity shares, also with a face value of Rs 10, through the book-building route. The selling shareholders include Beena Panchal, Krunal Panchal, Nehal Panchal,…

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MNRE receives approval for revised solar power scheme under PM JANMAN and PM JUGA

India, News

The Ministry of New and Renewable Energy (MNRE) has received approval for a revised solar power scheme under PM JANMAN and Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PM JUGA).  The scheme aims to electrify 100,000 un-electrified households in tribal and particularly vulnerable tribal groups (PVTG) areas using off-grid solar systems, with a total budget allocation of Rs 9.15 billion. It targets 18 Indian states, including Andhra Pradesh, Gujarat, and West Bengal, where grid electrification is…

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Atul Greentech partners with Exide Energy Solutions for lithium-ion battery supply

India, News

Atul Greentech, a subsidiary of Atul Auto, has signed an agreement with Exide Energy Solutions (EESL) to source lithium-ion battery packs from EESL’s facility in Prantij, Gujarat. The agreement also includes sourcing lithium-ion cells once EESL begins production at its Bangalore facility. This partnership aims to enhance India’s self-reliance in the EV sector, integrating domestically manufactured lithium-ion cells to promote sustainable and innovative electric mobility solutions.  Atul Auto, known for its three-wheelers, operates in both…

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KEI Industries completes capacity expansion at Chinchpada and Pathredi plants

India, News

KEI Industries Ltd has completed brownfield capacity expansions at its Chinchpada (Silvassa, Dadra Nagar Haveli, and Daman & Diu) and Pathredi (Rajasthan) cable manufacturing units in the first half (H1) of FY25.  The expansions, fully commissioned between April and September 2024, have increased the company’s low-tension (LT) cable capacity to approximately Rs 9 billion annually. The company invested Rs 3.12 billion in H1 FY25, covering the brownfield projects and the greenfield plant at Sanand in…

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Work on installing 10 more nuclear reactors underway

India, News

According to information provided to the Parliamentary Standing Committee on Science and Technology, India is currently installing at least 10 new nuclear reactors.  The reactors, with a capacity of 700 MW each, are being developed in states including Gujarat, Rajasthan, and Haryana and are expected to become operational in the coming years. The committee was informed that two reactors—Kakrapar-3 and Kakrapar-4 in Gujarat—are fully synchronized with the grid and have begun commercial power generation.  These…

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…