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NHPC floats tender for 1.2 GW ISTS-connected solar power projects

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NHPC Limited has issued a tender for setting up 1.2 GW of interstate transmission system (ISTS)-connected solar power projects across India, with an optional greenshoe capacity (Tranche-IX). The projects can be located anywhere in India, with a bid submission deadline of November 4, 2024. The maximum capacity a bidder can secure is 600 MW, extendable to 1200 MW with the greenshoe option. For projects in northeastern states and special category regions, the minimum capacity is…

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Olectra emerges lowest bidder for supply of 327 electric buses to HP govt

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The Himachal Road Transport Corporation (HRTC), which serves over 7 million citizens, invited bids for 327 electric buses, comprising 297 nine-meter buses and 30 twelve-meter buses. After technical evaluations, Olectra emerged as the lowest bidder. HRTC is expected to finalize the order soon, following its previous collaboration with Olectra in 2017, which saw the introduction of electric buses on the Kullu-Manali-Rohtang Pass route. The new Olectra buses will feature Advanced Driver Assistance Systems (ADAS), air…

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MoP modifies budgetary support for hydropower

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The Ministry of Power (MoP) has revised the provision of budgetary support for hydroelectric and Pumped Storage Projects (PSPs), allocating Rs 124.6 billion from FY 2024–25 to 2031–32 to support 31 GW of hydroelectric capacity, including 15 GW from PSPs. The support is capped at Rs 10 million/MW for projects up to 200 MW, and Rs 2 billion plus Rs 7.5 million/MW for projects exceeding 200 MW, with an increase to Rs 15 million/MW for…

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ICMR partners with NTPC Vidyut Vyapar Nigam to promote solar energy in healthcare research

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The Indian Council of Medical Research (ICMR) has signed a Memorandum of Understanding (MoU) with NTPC Vidyut Vyapar Nigam (NVVN) to harness solar power for its institutes across India. This initiative aligns with the Prime Minister’s “Atmanirbhar Bharat” vision and supports India’s renewable energy goals. NVVN will install, test, and maintain rooftop solar panels at 15 ICMR institutes, with a total capacity of 4,559 KW. The project includes a 25-year Power Purchase Agreement (PPA) offering…

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SolarfiX India ropes in Japan-based Kanemasa for solar module manufacturing in India

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SolarfiX India has signed an agreement with Japan-based Kanemasa to develop 10 GW of solar module capacity in India by 2030. The capacity will be rolled out in phases across states such as Uttar Pradesh, Maharashtra, Tamil Nadu, and Rajasthan. Kanemasa will act as the technology partner, providing advanced solar tracker systems to optimize energy generation. The memorandum of understanding was signed at the Renewable Energy India (REI) Expo 2024. SolarfiX CEO Anket Kapoor highlighted…

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Greenzo Energy and RBM Infracon partner for 15 MW green hydrogen projects in Gujarat

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Greenzo Energy, India’s indigenous alkaline electrolyzer manufacturer, has signed a Memorandum of Understanding (MoU) with RBM Infracon Limited to establish green hydrogen facilities with a combined capacity of 15 MW across Jamnagar, Kutch, and Bhuj in Gujarat. The project will see an investment of Rs 2 billion and will begin in the fourth quarter of FY 2024-25, rolling out in phases over 18 months. Greenzo Energy will manage the design, engineering, and commissioning of the…

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IFC provides Axis Bank $500 million loan for green and blue finance in India

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The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan to scale green finance and develop the blue finance market in India. The funds will be used for projects such as offshore renewable energy and water waste management, as well as to enhance financing for climate projects, with a focus on green buildings aimed at mitigating climate change and generating employment. In June 2024, IFC also committed $105 million…

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CERC issues draft amendment on Deviation Settlement Mechanism for 2024

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The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. According to the draft, the charges for injecting infirm power will be zero, unless scheduled after a trial run as per the Grid Code. In such cases, deviation charges will apply to general or WS sellers. Additionally, if the system frequency exceeds 50.05Hz, any deviation of scheduled infirm power by over-injection will incur zero…

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MoP sets price benchmark for biomass pellets in NCR

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The Ministry of Power (MoP) has established a price benchmark of Rs 2.32 per 1000 kcal for biomass pellets, effective from September 1, 2023, to encourage biomass use in thermal power generation within the National Capital Region (NCR). This move supports India’s environmental and energy diversification goals.  The pricing applies to non-torrefied biomass pellets with moisture content below 14% and a gross calorific value of 2800-3400 kcal per kg, as determined by the Price Benchmarking…

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Nepal, India, and Bangladesh sign deal for 40 MW electricity trade

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Nepal, India, and Bangladesh have signed a landmark trilateral agreement to trade 40 MW of electricity, marking the first time Nepal will sell power to a third country. The deal, signed in Kathmandu, allows Nepal to export electricity to Bangladesh via India, as Nepal and Bangladesh are not geographically connected. Under the agreement, Bangladesh will import 40 MW of electricity from Nepal during the five months from mid-June to mid-November each year, with a total…