Similar Posts
Prostarm sets up SPV for 150 MW/300 MWh BESS project in Karnataka
Prostarm Info Systems Limited has incorporated a wholly owned subsidiary, Prostarm Karnataka BESS Private Limited, as a special purpose vehicle (SPV) to develop a 150 MW/300 MWh standalone battery energy storage system (BESS) at the 400 kV Doni substation in Karnataka. The project will be implemented under the tariff-based competitive bidding route on a build-own-operate…
India plans financial aid for struggling state power utilities
India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial panel has been set up to determine which states require urgent funding, develop a fiscal discipline framework to prevent further debt…
NCT approves TBCB route for Rs 100 billion interstate transmission projects
The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended the tariff-based competitive bidding (TBCB) route for four interstate transmission system (ISTS) schemes, with a total project outlay exceeding Rs 100 billion. These projects are aimed at strengthening India’s power transmission infrastructure, particularly for renewable energy zones and green hydrogen…
KEC International transfers cables business to subsidiary
KEC International Ltd has transferred its cables business to KEC Asian Cables Ltd (KACL), a subsidiary, via a slump sale on a going-concern basis. A business transfer agreement (BTA) was executed on December 30, 2024. KACL will pay Rs 1.25 billion to KEC International for the slump sale. KEC International holds a 95% equity stake…
SJVN releases Rs 2.7 billion for land compensation in Etalin hydro project
SJVN Limited has released Rs 2,699.7 million as land compensation for the Etalin Hydro Electric Power Project in Arunachal Pradesh. The 3,097 MW project is expected to cost Rs 328 billion and is targeted for commissioning in December 2033. The Etalin project involves the construction of two dams on the Dri and Talo (Tangon) rivers,…
Fidra Energy and Sungrow partner on 4.4GWh BESS projects in the UK
Sungrow announced that it has signed a strategic agreement with Fidra Energy to deliver 4.4 GWh of energy storage capacity. This is part of Fidra’s goal to establish a 10GW battery energy storage system (BESS) platform across the UK and Europe by 2030. Sungrow will supply its PowerTitan 2.0 liquid-cooled energy storage system and provide…
