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Rajesh Power Services files DRHP for IPO on BSE SME
Rajesh Power Services Ltd (RPSL) has filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO). The IPO includes a fresh issue of 2.79 million equity shares, each with a face value of Rs 10, and an offer for sale of up to 2 million equity shares, also with a face value of Rs 10, through the book-building route. The selling shareholders include Beena Panchal, Krunal Panchal, Nehal Panchal,…
Plenitude begins construction of 220 MW solar plant in Salamanca, Spain
Plenitude, an Eni-controlled energy company, has commenced construction of a 220 MW solar plant in Villarino de los Aires, Salamanca, Spain. The facility, spanning 286 hectares, will be among the largest in the Castilla y Leon region and will connect to Spain’s national grid via a 3.2 km underground medium-voltage line. The plant will feature 365,300 bifacial modules and is expected to generate over 400 GWh of electricity annually, with completion targeted for 2025. Sterling…
Oxford scientists develop groundbreaking perovskite solar technology
A team of scientists at Oxford University has made a significant breakthrough in solar technology with the development of an ultra-thin, light-absorbing material made from perovskite. This new technology could transform everyday objects into power-generating surfaces, offering a sustainable solution to the growing demand for renewable energy. Perovskite coatings are far more efficient at absorbing solar energy compared to traditional silicon-based panels. These coatings are over a micron thick, making them 150 times thinner than…
Private sector boosts ISTS transmission line additions in September 2024
In September 2024, private sector developers Sterlite Power and Renew Transmission Ventures contributed 410 ckm of transmission lines to India’s Inter-State Transmission System (ISTS), marking their first addition to the ISTS network in FY25, according to the Central Electricity Authority (CEA). Sterlite Power commissioned 223 ckm of lines, including the 400kV double-circuit Padghe-Kharghar line (140 ckm) in Maharashtra, as part of its ISTS-TBCB project under “Mumbai Urja Marg Ltd.” Similarly, Renew Transmission Ventures added a…
India’s industrial sector sees surge in natural gas consumption: IEEFA
India’s natural gas consumption has rebounded significantly from the post-COVID-19 slump, with small-to-medium scale industries leading the charge. According to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA), sectors such as tea plantations, manufacturing, liquefied petroleum gas (LPG) shrinkage, and sponge iron have driven this resurgence. Although the power sector has seen an increase in gas use for peak demand over the past two fiscal years, it has not yet…
Thermax, UK firm partner for green hydrogen manufacturing
Thermax has partnered with Ceres Power to manufacture large-scale Solid Oxide Electrolysis Cells (SOEC), crucial for green hydrogen production. Leveraging its expertise in heat integration and waste heat recovery, Thermax will develop and produce pressurised stack array modules (SAM) and SAM balance of modules (SBM), essential for multi-megawatt SOEC electrolyser systems. Under a global license agreement, Thermax will manufacture, sell, and service these systems based on Ceres’ advanced SOEC technology. The collaboration aims to deliver…