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IEE sees 35.8% YoY volume growth in August 2024
In August 2024, the Indian Energy Exchange (IEX) achieved a total trading volume of 12,040 MU, including certificates, marking a 35.8% year-over-year increase. The electricity volume alone was 9,914 MU, up 17.1% YoY, while renewable energy certificates (REC) reached 2,116 MU, showing a remarkable 737.4% increase from the previous year. REC prices hit an all-time low of Rs 115 per certificate during the August 28, 2024 trading session, offering obligated entities like DISCOMS and Captive…
ITI Limited secures Rs 3 billion order for 100,000 solar street lights in Bihar
ITI Limited has received an order worth Rs 3 billion from the Bihar Renewable Energy Development Authority (BREDA) to supply and install 100,000 solar street light systems under the Mukhyamantri Gramin Solar Street Light Yojana. The project will cover districts including Gopalganj, Siwan, Samastipur, Purnia, Araria, Gaya, Darbhanga, Patna, Katihar, and Khagaria. The Naini Plant of ITI Limited will manage the supply and installation, which will be supervised by BREDA. Key components of the system…
L&T secures major orders in Middle East and Africa
The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre. This transmission hub will play a key role in managing power flow, integrating…
NTPC REL invites bids for 300 MW ISTS-connected solar project in Rajasthan
NTPC Renewable Energy Limited (NTPC REL) has issued a bid invitation for the engineering, procurement, and construction (EPC) of a 300 MW ground-mounted solar power project linked to the interstate transmission system (ISTS) near NTPC Anta in Rajasthan. The bid submission deadline is December 12, 2024, with NTPC REL funding the project through its own resources or borrowings. The project scope includes land acquisition, comprehensive design and EPC services, manufacturing, supply, transportation, and installation of…
Thiruvananthapuram wins UN Habitat Global Award for Sustainable Development in Cities
Thiruvananthapuram Municipal Corporation has been awarded the prestigious Global Award for Sustainable Development in Cities, a recognition led by the United Nations Human Settlements Programme (UN Habitat) and the Shanghai Municipality. This award celebrates significant achievements by cities in implementing sustainable urban development under the new urban agenda. Thiruvananthapuram is the first Indian city to receive this honour, joining four other award-winning cities: Agadir (Morocco), Melbourne (Australia), Doha (Qatar), and Iztapalapa (Mexico). Mayor Arya Rajendran…
NGEAL invites bids for 25 MW/100 MWh BESS project in Assam
The New and Green Energy of Assam Limited (NGEAL) has floated a tender for the supply, installation, commissioning, operation, and maintenance of a 25 MW/100 MWh Battery Energy Storage System (BESS) at the 400 kV Kurkurmara (Mirza) grid substation in Kamrup district, Assam. The last date for bid submission is November 25, 2024. Bidders must submit a bid security of Rs 10 million and a document fee of Rs 23,600. The project must be completed…