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RECPDCL establishes subsidiaries for ISTS projects in Gujarat, Rajasthan, and J&K
REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu & Kashmir. On October 25, 2024, RECPDCL incorporated Banaskantha Transco Ltd as a special purpose vehicle (SPV) to implement the “Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)” project in Gujarat. The bidder selection for this ISTS scheme will be carried out through the tariff-based competitive bidding (TBCB) mechanism. RECPDCL…
Hindustan Zinc to procure 530 MW of RE from Serentica Renewables
Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power. The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes two previous power delivery agreements,…
Scatec, Aeolus to develop 120 MW solar projects in Tunisia
Scatec ASA and Aeolus SA, part of Toyota Tsusho Group, have partnered to develop 120 MW of solar projects in Tunisia. Financial close has been achieved for the Sidi Bouzid and Tozeur projects, each 60 MW, with Scatec starting construction. Aeolus acquired a 49% stake, with Scatec holding 51%. The projects, selected by Japan’s Ministry of the Environment for the JCM Model Projects in FY2023, have a total cost of EUR 79 million. The financing…
ib vogt secures PPA for 50 MW solar farm in Bangladesh
German solar developer ib vogt GmbH has secured a power purchase agreement (PPA) for its 50-MWac/68-MWp solar farm project in Bangladesh. Sonagazi Solar Power Limited, sponsored by ib vogt, signed the agreement with the Bangladesh Power Development Board (BPDP) and Power Grid Bangladesh PLC. Under the PPA, Sonagazi Solar will receive a fixed tariff of USD 0.1094 (EUR 0.102) per kWh for 20 years. The solar farm will be built in the north of the…
MAHAPREIT invites bids for 3.2 MW distributed solar project in Maharashtra
Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) has issued a tender for 3.2 MW of distributed solar power, which will supply energy to Chandrapur Zilla Parishad in Maharashtra. The project, estimated at Rs 23.01 million, must be commissioned within 360 days from the work order date. Bids must be submitted by October 11, 2024. The scope of work includes design, engineering, supply, and commissioning with net metering, along with operation and maintenance for five…
Kundan Green commissions Luni hydropower plant
Kundan Green Energy has commissioned its hydropower plant at Luni in Dharamshala district, Himachal Pradesh, in a record 24 months. With this addition, the company’s operating hydropower capacity reaches 85 MW. Kundan Green Energy operates four hydro plants in Sikkim, with three larger projects under construction. Including its solar and wind projects, the total installed capacity now stands at 120.5 MW. The Luni project, awarded in 2022, was developed with an investment of approximately Rs…