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Taihan Cable secures contract for Singapore’s 400 kV power grid
Taihan Cable & Solution Company has won a USD 630 million contract from Singapore Powergrid to supply and install a 400 kV ultra-high voltage power grid. The project involves building an underground 400 kV grid, the highest voltage used in Singapore, to meet rising power demands fueled by the growth of AI and data centres. Taihan Cable will take a full turnkey approach, managing all phases from design and production to installation, connection, and testing…
HPL Electric reports robust order book and growth in smart metering segment
HPL Electric & Power Ltd announced that its outstanding order book as of July 30, 2024, stands at over Rs. 37 billion. This substantial order book indicates a strong pipeline, ensuring sustained revenue generation and growth opportunities for the company. The company has bolstered its leadership in the smart metering sector, reporting a 35.67% year-on-year increase in revenue from its Metering, Systems & Services segment. This growth is attributed to a steady flow of orders…
Locus, Ingrid to boost Sweden’s energy grid with 13 battery storage systems
Locus Energy and Ingrid are partnering to enhance Sweden’s energy infrastructure by building 13 large-scale battery storage systems in the southern regions, adding 196 MW of flexible capacity to the national grid in the SE3 and SE4 price areas. These battery systems are expected to be operational within 12 months and will help address power shortages in 13 communities. Locus Energy, a joint venture between Locus Infra and SEB Investment Management AB (SEB IM), specializes…
IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024
The Indian Energy Exchange (IEX) recorded a total trading volume of 11,370 million units (MU) in September 2024, a 24% year-on-year increase. The electricity volume, including green electricity, rose by 21% year-on-year to 10,332 MU. Trading volume in renewable energy certificates (REC) doubled to 1,031 MU compared to the previous year. On September 25, 2024, the REC market saw an all-time low price of Rs 110 per certificate, offering obligated entities like discoms and captive…
Sunkind Energy secures 27 MW of new solar power projects
Clean energy company Sunkind Energy has announced that it has secured new solar power projects totalling around 27 MW. These contracts have been awarded by Nahar Group and Jindal Group, according to a company statement. For Nahar Group, Sunkind Energy will set up a 7.3 MW capacity in Ludhiana, Punjab, for captive purposes, and a 19.6 MW captive solar project for Jindal Group in Nashik, Maharashtra. Both projects will be executed in engineering, procurement, and…
ONGC, JSW Neo Energy, Sembcorp shortlisted for majority stake in Ayana Renewable
Oil and Natural Gas Corporation (ONGC), JSW Group’s Neo Energy, and Singapore’s Sembcorp Industries Ltd have been shortlisted to submit binding bids for a significant majority stake in Ayana Renewable Power Pvt Ltd, according to a report by Mint. The stake, valued at approximately $800 million, is part of a sale process that could become one of the largest transactions in India’s green energy sector. The three companies are currently in the due diligence phase…