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JSW Renew, NTPC sign PPA for 700 MW solar project

India, News

JSW Renew Energy Thirteen Limited, a subsidiary of JSW Energy, has signed a Power Purchase Agreement (PPA) with NTPC Limited for a 700 MW solar project. The 25-year agreement sets a tariff of Rs 2.59 per kilowatt-hour (KWh) and connects the project to both the Inter-State Transmission System (ISTS) and State Transmission Utility (STU). The project is expected to be commissioned by June 2026. This agreement increases JSW Energy’s solar capacity pipeline to 3.2 GW,…

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Adani Energy adds 2,000 ckm to transmission portfolio

India, News

Adani Energy Solutions Ltd (AESL) has added over 2,000 circuit kilometers (ckm) to its under-construction power transmission portfolio with three new project wins in Q2 FY25. These projects, totalling 2,059 ckm of transmission lines and 13,500 MVA of substation capacity, bring AESL’s total under-construction portfolio to 5,155 ckm of lines and 35,071 MVA. All three projects are part of interstate transmission system (ISTS) schemes awarded under the tariff-based competitive bidding (TBCB) route, with a combined…

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PGCIL wins Barmer I Transmission in Rajasthan

India, News

Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder for the interstate transmission system (ISTS) project under “Barmer I Transmission Ltd” through tariff-based competitive bidding (TBCB). This project, known as “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-2: 5.5 GW),” includes the establishment of a new 765/400/220kV Barmer-I pooling substation and transmission lines, with interconnectivity to the upcoming Sirohi Pooling Station. The project, valued at Rs 27.35 billion,…

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Hero, Zelestra, Juniper, ReNew, Avaada declared winners of SJVN’s 1.2 GW FDRE II Auction

India, News

Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada have emerged as winners in SJVN’s auction for supplying 1,200 MW of firm and dispatchable power. The power will come from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems, under the FDRE II competitive bidding. Juniper, ReNew, Zelestra, and Hero secured 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at Rs 4.25 per kWh. Avaada was awarded 590…

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Saatvik Solar to supply PV modules to L&T for Bihar BESS project

India, News

Saatvik Solar has secured a contract to supply 213 MW of solar photovoltaic (PV) modules to Larsen & Toubro (L&T) for its 245 MW battery energy storage system (BESS) project in Bihar. The project consists of 185 MW for a grid-connected solar power plant and 45.4 MW for a 4-hour battery storage system in Kajra district. As part of the agreement, Saatvik Solar will provide 545 Wp mono bifacial modules, featuring advanced glass-to-back sheet technology…

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Green hydrogen projects to get 19,500 MW transmission capacity by FY30

India, News

The “Interim ISTS Rolling Plan 2029-30,” released by Central Transmission Utility of India Ltd (CTUIL), outlines plans to build a 19,500 MW interstate transmission system (ISTS) network to supply renewable energy to upcoming green hydrogen plants by FY30. The entire 19,500 MW is expected to come online by FY28, benefiting green hydrogen and ammonia manufacturing plants in Gujarat, Tamil Nadu, and Andhra Pradesh. This transmission infrastructure, estimated to cost Rs 15.63 billion, will be implemented…

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Juniper, ACME, Sembcorp win SECI’s 600 MW Wind-Solar Auction

India, News

Juniper Green Energy, ACME Solar Holdings, and Sembcorp Green Infra have won Solar Energy Corporation of India’s (SECI) auction to develop 600 MW of interstate transmission system (ISTS)-connected wind-solar hybrid projects (Tranche IX). ACME secured 300 MW at a tariff of Rs 3.25 per kWh, while Juniper and Sembcorp were awarded 150 MW each, with Sembcorp’s tariff at Rs 3.26 per kWh. The tender, originally floated for 400 MW, was expanded to 600 MW. According…

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Tata Power among four bidders shortlisted for ERES-XXXIX

India, News

Tata Power has qualified as one of the four bidders for the Eastern Region Expansion Scheme – XXXIX (ERES-XXXIX), a key interstate transmission system (ISTS) project in Odisha. Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) shortlisted Tata Power, Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) under the tariff-based competitive bidding (TBCB) mechanism. The selected bidders will have their initial price bids opened, followed by…

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Powergrid Ananthpur Kurnool gets licence for RTM project

India, News

The Central Electricity Regulatory Commission (CERC) has awarded a transmission licence to Powergrid Ananthpuram Kurnool Transmission Ltd (PAKTL) for an interstate transmission system (ISTS) project, to be executed under the regulatory tariff mechanism (RTM) mode. The project, estimated to cost Rs 456.4 million, is set for completion by March 31, 2026, and involves the establishment of three 400kV line bays at the upcoming Ananthpuram Pooling Station in Andhra Pradesh. Two of the line bays will…

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REC forms eight SPVs for interstate transmission projects

India, News

The board of REC Ltd has approved the establishment of eight special purpose vehicles (SPVs) for the development of interstate transmission system (ISTS) schemes. In a stock exchange filing, REC stated that the board, during a meeting on September 30, 2024, authorized the formation of these SPVs as wholly-owned subsidiaries of REC Power Development & Consultancy Ltd (RECPDCL), which is itself a wholly-owned subsidiary of REC Ltd. These SPVs will serve as shell companies for…