Author: Power Peak Digest Team Pub Date: January 2, 2025
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ACCA report warns of inadequate climate preparedness among businesses
Author: Power Peak Digest Team Pub Date: November 12, 2024 The ACCA’s latest report, Weathering the Storm: Building Resilience Against Climate Disruptions, reveals that most businesses and organizations are ill-prepared for climate-related disasters, with outdated continuity plans that fail to account for the rising frequency of such events. The report shows only 20% of surveyed organizations have identified climate risks across their operations, and just 17% regularly rehearse responses to major disruptions, while 25% lack…
India to launch Critical Mineral Mission in 2025
Author: Power Peak Digest Team Pub Date: December 24, 2024 India is set to launch its Critical Mineral Mission in 2025, an initiative to secure essential minerals for the country’s green energy transition and electric vehicle (EV) sector growth. This mission will bring together multiple ministries, industries, research institutions, and global think tanks to ensure a sustainable supply of critical minerals like lithium and cobalt. The demand for these minerals is expected to surge, particularly…
PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme
Author: Power Peak Digest Team Pub Date: October 16, 2024 On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route. PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with…
CCI approves acquisition of Fourth Partner Energy by IFC, ADB, and DEG
Author: Power Peak Digest Team Pub Date: January 2, 2025 The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG). The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and…
REC incorporates two subsidiaries for transmission projects in Madhya Pradesh and Andhra Pradesh
Author: Power Peak Digest Team Pub Date: November 21, 2024 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited. Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Kurnool-IV Transmission Limited will manage the Transmission…
AES Andes submits EIA for industrial-scale green hydrogen project in Chile
Author: Power Peak Digest Team Pub Date: January 2, 2025 AES Andes has submitted an Environmental Impact Assessment (EIA) to Chilean authorities for its proposed Inna green hydrogen project, which is aligned with Chile’s National Green Hydrogen Strategy. The project is in its early stages of development and focuses on producing green hydrogen for both export and domestic use. In addition, AES Andes has signed a memorandum of understanding (MOU) with Samsung C&T to jointly…