Author: Power Peak Digest Team Pub Date: December 17, 2024
Similar Posts
MoP urges states to identify sites for nuclear power projects
Author: Power Peak Digest Team Pub Date: November 14, 2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose….
IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance
Author: Power Peak Digest Team Pub Date: November 4, 2024 The International Energy Agency’s (IEA) Energy Technology Perspectives 2024 report predicts rapid expansion in the clean energy market, with investments in solar PV, wind, electric vehicles, batteries, electrolysers, and heat pumps expected to triple by 2035, reaching over US$2 trillion. This anticipated growth could rival the economic scale of the global oil market, marking a pivotal shift towards a sustainable economy. IEA Executive Director Fatih…
WAPCOS to carry pumped storage project analysis in UP
Author: Power Peak Digest Team Pub Date: November 22, 2024 WAPCOS Limited has been awarded a Letter of Award (LoA) worth Rs 2.3 million for consultancy services to analyze potential pumped storage project (PSP) sites in Uttar Pradesh. The contract follows the Request for Proposal (RfP) issued by Invest UP (formerly Udyog Bandhu) in July 2024. The analysis will cover PSP sites in Chitrakoot Dham, Jhansi, Varanasi, and Vindhyachal divisions. Key parameters for evaluation include…
Mitsubishi Electric invests $86 million in US switchgear production
Author: Power Peak Digest Team Pub Date: October 30, 2024 Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities. MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas circuit breakers, with a focus on vacuum circuit breakers as…
Purvah Green Power secures LoA for 300 MW hybrid power project
Author: Power Peak Digest Team Pub Date: January 2, 2025 Purvah Green Power Private Limited, a subsidiary of CESC Limited, received a Letter of Award (LoA) from Noida Power Company Limited (NPCL) on December 30, 2024. The project involves developing 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India to supply power to NPCL. In November 2024, NPCL invited bids for power procurement under the Tariff-Based Competitive Bidding (TBCB) mode.
ACME Sun Power secures Rs 37.53 billion loan from REC
Author: Power Peak Digest Team Pub Date: November 18, 2024 ACME Sun Power, a subsidiary of ACME Solar Holdings, has secured a Rs 37.53 billion term loan from REC Limited to develop a 320 MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN. The project aims to provide round-the-clock power, assisting distribution companies in meeting renewable purchase and energy storage obligations. Solar capacity will be developed in Jaisalmer, Rajasthan, while wind sites…