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Solarive Techno enters T&D sector
Solartive Techno Industries Private Limited, a manufacturer of solar pumps and an Engineering, Procurement, and Construction (EPC) contractor, has entered the power transmission and distribution (T&D) sector by securing a contract worth over Rs 2.3 billion from Jharkhand Bijli Vitaran Nigam Limited (JBVNL). The project involves electrifying 60,000 rural households in Chatra and Palamu under the Mukhyamantri Ujjawal Jharkhand Yojana, with completion set for two years. Survey work begins in August 2024, with execution starting…
Tata Power partners with IndusInd Bank to finance solar installations for MSEs
Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million. This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public and private lenders are increasingly collaborating with solar companies to offer financing for commercial and residential projects. Last week, Solex…
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 production areas. The first scheme focuses on the augmentation of transformation capacity at the Bidar pooling station in Karnataka, with…
Shanghai Electric completes equipment upgrade at Vietnam’s Ninh Binh power plant
Shanghai Electric has completed an equipment upgrade at Vietnam’s Ninh Binh power plant, revitalizing the facility after 45 years of operation. The upgrade, which introduced modern technology and advanced equipment, has increased the output of each of the plant’s four steam turbines from 25 MW to 27 MW, adding an estimated 30 years to the plant’s operational lifespan. The Ninh Binh power plant, a key energy generator in northern Vietnam, plays a crucial role in…
BPCL to establish joint ventures for renewable and biogas projects
Bharat Petroleum Corporation Ltd (BPCL) approved two joint ventures during its Board meeting on 12 September 2024. The first JV with Sembcorp Green Hydrogen India (SGHIPL) will focus on developing and operating renewable energy projects across India, including green hydrogen production. Both BPCL and SGHIPL will hold equal 50% stakes in the venture. The second JV with GPS Renewables will involve setting up compressed biogas (CBG) plants nationwide. These ventures are pending regulatory approvals from…
Texas grapples with power demand from data centres and cryptocurrency mining
Electricity consumption in Texas is rising faster than any other state, driven largely by computing facilities and cryptocurrency mining, according to the US Energy Information Administration (EIA). The Electric Reliability Council of Texas (ERCOT), which manages 90% of the state’s grid, is registering large flexible loads (LFL) — facilities with power demands exceeding 75MW that can adjust consumption rapidly — to prevent wholesale power prices from spiking. By 2025, LFL demand is expected to reach…