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ADB and AIIB back Caspian green energy corridor project

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The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have signed a memorandum of understanding (MoU) with the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. The agreement supports the feasibility study for the Caspian Green Energy Corridor Project. This MoU outlines a joint effort to create the legal and institutional setup needed for cross-border electricity trade among the three Central Asian nations. The project aims to boost regional energy ties and promote…

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Sun Petrochemicals to invest in pumped storage hydro projects in Telangana

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Sun Petrochemicals has signed a memorandum of understanding (MoU) with the Telangana government to develop pumped storage hydro power projects in Nagarkurnool, Mancherial, and Mulugu districts.  The project involves an investment of Rs 450 billion and is expected to create 7,000 jobs. The initiative will integrate solar power plants with a capacity of 5,440 MW. The MoU was signed during the World Economic Forum in Davos. Sun Petrochemicals’ Managing Director, Dilip Shanghvi, praised Telangana’s growing…

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CtrlS Datacenters to set up 600 MW IT load capacity park in Hyderabad

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CtrlS Datacenters plans to establish a 600 MW IT load capacity datacentre park across 40 acres at Chandanvelly Industrial Park, Hyderabad.  The first phase has secured 250 MW of sanctioned power, with plans for a dedicated gas-insulated substation (GIS), expandable to 900 MW.  The facility will feature high-density, AI-ready interconnected data centres that can support up to 135 KW per rack and immersion cooling up to 300 KW per rack.  Advanced cooling systems, including free…

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Welsh Government grants £10m to 32 local green energy projects

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The Welsh Government has awarded £10m in grants to 32 local green energy projects as part of the Ynni Cymru (Energy Wales) scheme. The funding supports community-owned renewable energy and smart local energy systems (SLES), which integrate various energy assets to enhance efficiency. The selected projects include solar panels, battery storage, heat pumps, and electric vehicle charging points. The funding aims to promote smarter energy usage across schools, leisure centres, care homes, business parks, and…

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Himachal CM reviews ongoing energy projects

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Chief Minister Thakur Sukhvinder Singh Sukhu recently reviewed the progress of ongoing energy projects and emphasized the State Government’s focus on expanding green energy initiatives.  He highlighted the development of a one MW Green Hydrogen Project in Nalagarh, Solan district, and the commissioning of a 32 MW Solar Power Project in Pekhubela, Una district, in just six months. Additionally, two more solar projects are under construction in Una and will be dedicated soon. The Chief…

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BERC proposes draft regulations for green energy open access

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The Bihar Electricity Regulatory Commission (BERC) has released a consultative paper on the draft BERC (Terms and Conditions for Green Energy Open Access) Regulations, 2024. The draft policy enables voluntary procurement of green energy in increments of 25 per cent, up to 100 per cent.  Tariffs will include pooled renewable energy costs, cross-subsidy surcharges capped at 20 per cent of the average cost of supply, and service charges for distribution licensees.  Consumers must maintain consistent…

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Servotech Power Systems rebrands to Servotech Renewable Power System

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Servotech Power Systems has rebranded as Servotech Renewable Power System, signalling its shift to renewable energy.  The new name reflects the company’s focus on solar products, EV chargers, and sustainable energy solutions. Founder & Managing Director Raman Bhatia highlighted the company’s commitment to clean energy, stating, “Our future is in green energy.”

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IMFA partners with JSW Green Energy for 70 MW renewable energy supply

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Indian Metals & Ferro Alloys (IMFA) has formed a joint venture with JSW Green Energy to source 70 MW of renewable energy for its smelting operations.  IMFA has signed a binding term sheet with JSW Green Energy One and JSW Green Energy Seven, committing Rs 832.6 million to a wind-solar hybrid project, which includes 50 MW solar and 100 MW wind capacity. The company will also finalize a 25-year power purchase agreement as a captive…

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Ambuja Cements commissions 200 MW solar project in Gujarat

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Ambuja Cements has commissioned its 200 MW solar power project in Khavda, Gujarat, with transmission starting on December 12, 2024.  The remaining 806 MW capacity is under various commissioning stages and is expected to be operational between March and June 2025. This project is projected to reduce power costs by 70 per cent compared to current rates. The company has received standing clearance for the 200 MW from the Western Regional Load Dispatch Centre (WRLDC)….

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AM Green Ammonia signs PPA with Gentari for 650 MW RTC green power

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AM Green Ammonia India has entered into a binding power purchase agreement (PPA) with Gentari through its subsidiary, Gentari Renewables India Castor One.  Under this long-term agreement, Gentari will supply 650 MW of round-the-clock (RTC), carbon-free energy to power AMG Ammonia’s upcoming green ammonia facilities. Gentari will develop approximately 2400 MWp of renewable energy capacity, comprising solar and wind, across Andhra Pradesh and Karnataka. This will be integrated with 350 MW/2100 MWh of energy storage…