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NLC signs agreement for 200 MW solar power project in Telangana
NLC India (NLCIL) has signed a power usage agreement with Telangana distribution companies to supply 200 MW of solar power at a competitive price under the central public sector undertaking scheme for 25 years. The solar project will be developed under the ‘Make in India’ initiative, utilizing state-of-the-art equipment and technology, including single-axis trackers and domestically manufactured high-efficiency modules. The project is scheduled for commissioning by June 2025. Over its lifetime, NLCIL’s solar project is…
Tata Power-DDL receives 20-year patent for self-regenerating transformer breather
Tata Power Delhi Distribution Ltd (Tata Power-DDL) has been granted a 20-year patent for its innovative self-regenerating transformer breather, designed to protect transformers from moisture ingress and extend their operational lifespan. The patented technology reduces the need for frequent replacement of Silica gel in transformer breathers, a component crucial for preventing moisture damage. Traditionally, Silica gel in breathers must be replaced 4-6 times before the two-year maintenance schedule of a transformer, but with the new…
K.P. Energy secures 1,003.7 MW EPC orders from KPI Green
K.P. Energy, based in Gujarat, has secured engineering, procurement, and construction (EPC) contracts totalling 1,003.7 MW from its parent company, KPI Green Energy. The projects include an 86.8 MW hybrid plant (70 MW solar and 16.8 MW wind), a 641.9 MW hybrid plant (518 MW solar and 123.9 MW wind), and a 275 MW solar plant. These projects were awarded to KPI Green Energy through various tenders by Gujarat Urja Vikas Nigam Ltd (GUVNL). K.P….
JinkoSolar’s expansion into Saudi Arabia
JinkoSolar has formed a joint venture (JV) with a subsidiary of Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries Company (VI) to establish a new factory in NEOM’s Oxagon city. This USD1 billion investment aims to pioneer digitalization and sustainability by producing 10 GW of TOPCon solar cells and modules annually. Slated for completion in 2026, the facility will be powered entirely by green energy and is expected to set a benchmark with the…
Adani Energy’s $1 billion QIP oversubscribed six times, attracts top investors
Adani Energy Solutions’ $1 billion qualified institutional placement (QIP) was oversubscribed six times, drawing over Rs 500 billion in demand. Billionaire Stanley Druckenmiller’s Duquesne Family Office and two other US-based long-only funds, Driehaus Capital Management and Jennison Associates, made their maiden investment in the Adani Group’s power transmission business through this QIP. The $1 billion QIP attracted more than 120 investors interested in the power transmission, distribution, and smart metering sectors. Other top global investors…
Record tariff set for Khavda IV-C ISTS project
Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over Rs 120 billion, includes a…