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Hero, Zelestra, Juniper, ReNew, Avaada declared winners of SJVN’s 1.2 GW FDRE II Auction
Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada have emerged as winners in SJVN’s auction for supplying 1,200 MW of firm and dispatchable power. The power will come from inter-state transmission system (ISTS)-connected renewable energy projects with energy storage systems, under the FDRE II competitive bidding. Juniper, ReNew, Zelestra, and Hero secured 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at Rs 4.25 per kWh. Avaada was awarded 590…
Power Grid wins Khavda transmission project amid competitive bidding
Power Grid Corporation of India Ltd (PGCIL) has secured the letter of intent (LoI) for the project, titled “Provision of Dynamic Reactive Compensation at Khavda Pooling Station 1 (KPS1) and Khavda Pooling Station 3 (KPS3),” in Gujarat through tariff-based competitive bidding, marking its fourth ISTS-TBCB win in September 2024. The project involves the installation of STATCOMs at KPS1 and KPS3 to manage high voltage fluctuations caused by intermittent renewable energy in the region. The estimated…
Power T&D dominates order inflows for Kalpataru Projects in FY25
Kalpataru Projects International Ltd (KPIL) reported cumulative order inflows of Rs 118.65 billion for FY25, covering the period from April 1 to October 28, 2024. The power transmission and distribution (T&D) segment led the inflows, contributing over 50%, or Rs 59.86 billion. As of September 30, 2024, KPIL’s outstanding order book totalled Rs 606.31 billion, with the power T&D segment accounting for 36.7% (Rs 222.69 billion). KPIL holds a leading position (L1) for additional orders…
NTPC targets Rs 5 trillion investment in green energy by 2030
NTPC has outlined an ambitious plan to invest Rs 5 trillion in green energy by 2030, led by its renewable energy subsidiary, NTPC Green Energy Ltd. (NGEL). To support its projects, NGEL is set to launch an initial public offering (IPO) worth Rs 100 billion, focusing on renewable energy generation, green hydrogen, sustainable fuels, and energy storage. The company aims to add 60 GW of renewable energy capacity by 2032, with solar power accounting for…
GE Vernova completes FEED studies to cut emissions in Saudi plants
Electric services company GE Vernova, in collaboration with Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo), has completed three front-end engineering design (FEED) studies to reduce net carbon emissions at three cogeneration plants in Saudi Arabia. These plants, equipped with GE Vernova’s 7E and 7F gas turbines, collectively generate up to 920 MW of power and 1,400 tonnes per hour of steam, providing energy for around 920,000 homes. The FEED studies explored pre-combustion and…
PFCCL establishes SPV for ISTS scheme development in Karnataka
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections. PFCCL has commenced the bidding…