|

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…

|

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…

|

JSW Energy wins bid for KSK Mahanadi Power with Rs 159.85 billion offer

India, News

JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors, outbidding Adani Power, which had made a final offer of Rs 158.85 billion in the 10th round before opting out. JSW’s proposal includes a 26% equity stake for lenders and an additional Rs 1 billion for operational creditors. This acquisition marks another significant move…

|

PGCIL wins mega ISTS project for renewable energy evacuation in Gujarat

India, News

Power Grid Corporation of India Ltd (PGCIL) has been named the successful bidder for developing a mega Inter-State Transmission System (ISTS) project utilizing HVDC technology.  The project, known as the “Evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8 GW): Part A,” will be established on a build, own, operate, and transfer (BOOT) basis. The letter of intent (LoI) was received on October 28, 2024. The project, housed…

|

PGCIL secures LoIs for two ISTS schemes in Rajasthan

India, News

Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two schemes are: Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]: Part A-…

|

PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme

India, News

On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route.  PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with associated reactors. The project aims for completion within 24 months….

|

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,…

|

Diamond Power wins Rs 1.09 billion contract for power cable supply

India, News

Diamond Power Infrastructure has received a letter of intent (LoI) from Swastika Infra for the supply of power cables, securing a contract worth Rs 1.09 billion. The contract involves supplying 11 kV 240 sq. mm XLPE Al 3 core cable for a robust project under the Madhya Gujarat Vij Company (MGVCL) schemes. The order will be fulfilled on a kilometre rate basis for Swastika Infra, a contractor of MGVCL. This contract further strengthens Diamond Power’s…

|

AESL incorporates subsidiary to explore international transmission projects

India, News

Adani Energy Solutions Limited (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Global Limited (AESGL), with an initial share capital of USD 27,000, divided into 27,000 shares at USD 1 per share.  AESL holds 100% ownership of AESGL, which aims to explore new business opportunities in transmission projects outside India.

|

Four qualify for twin Bikaner ISTS-TBCB schemes in Rajasthan

India, News

Four companies—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and Tata Power—have qualified to submit initial price bids for two independent transmission schemes aimed at evacuating renewable energy (RE) from Rajasthan’s Bikaner Complex. These bids are part of the tariff-based competitive bidding (TBCB) process coordinated by REC Power Development & Consultancy Ltd (RECPDCL). The two schemes, under the overarching Rajasthan REZ Phase-IV project, are being bid out separately and…