PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited.
The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).”
The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.
INOXGFL Group has launched Inox Solar to venture into solar manufacturing, targeting an initial capacity of five GW for solar modules and 2.5 GW for solar cells by 2026. The promoters plan to invest Rs 15 billion in this initiative. The first solar module manufacturing plant, with a 1.2 GW capacity for TopCon modules, is being set up in Gujarat and is expected to become operational by March 2025. Through group company Inox Renewable Solutions,…
The Government of Telangana has inaugurated Unit 2 of the Damaracherla (Yadadri) Power Project. The project, being implemented by Telangana State Power Generation Corporation Limited (TSGENCO), is located at Damaracherla (Yadadri) mandal in Nalgonda district. With an investment of Rs 299.65 billion, the project will feature five units, each with a capacity of 800 MW.
The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India, has invited bids to develop a 5 MW grid-connected floating solar project at the quarry sump of Dalmia OCP in the Salanpur Area of West Bengal for Eastern Coalfields. The last date for bid submission is October 24, 2024. The project has an estimated tender value of Rs 310.14 million, with bidders required to submit an earnest money deposit of Rs 3.87…
Powerica Limited, a key player in the IPP and EPC segments of the wind industry with a 280 MW pan-India portfolio, has chosen to install 19 GE Vernova 2.7 MW-132 wind turbine generators (WTGs) for its 51.3 MW wind energy project at Devbhumi Dwarka, Gujarat. The project, part of SECI XVI tranche, will contribute to India’s renewable energy growth and benefit the local community. The WTGs, expected to generate around 160 million units annually, will…
Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as ENW is situated between the existing ScottishPower network regions in Scotland and areas in Merseyside and North Wales. The move…
REC Power Development & Consultancy Ltd (RECPDCL), the bid process coordinator, has transferred two interstate transmission system (ISTS) project special purpose vehicles (SPVs) to Adani Energy Solutions Ltd (AESL) and Sterlite Power, under the tariff-based competitive bidding (TBCB) mechanism. The first project SPV, Khavda IV A Power Transmission Ltd, has been awarded to Adani Energy Solutions Ltd. This project is part of the transmission system for Khavda Phase IV (7 GW) – Part A, located…