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RECPDCL forms two SPVs for ISTS projects in Karnataka and Tamil Nadu

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REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity with 3×500 MVA, 400/220kV and 1×1500 MVA, 765/400kV ICTs at…

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PFCCL establishes SPV for ISTS scheme development in Karnataka

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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…

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ITC commissions second offsite solar plant in Karnataka

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ITC has commissioned a 9.45 MW offsite solar plant in Davangere district, Karnataka, marking its second such facility in the state and fourth in the country, alongside others in Tamil Nadu, Uttar Pradesh, and Karnataka. The plant is designed to generate around 15 million units of green energy annually, supplying power to ITC’s hotels, the ITC Life Sciences and Technology Centre (LSTC), food manufacturing units in Mysore and Malur, and the ITC Green Centre in…

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Avaada Energy secures Rs 5.97 billion refinancing for solar projects

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Avaada Energy, part of Avaada Group, has secured approximately Rs 5.97 billion in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra.  The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), a debt fund focused on operational infrastructure projects. Avaada’s solar projects supply power to major corporations such as Bharti Airtel, Motherson, Bharat Forge, STT, Nxtra Data, and Lumax, supporting their energy transition initiatives. The refinancing deal allows Avaada…

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Private sector boosts ISTS transmission line additions in September 2024

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In September 2024, private sector developers Sterlite Power and Renew Transmission Ventures contributed 410 ckm of transmission lines to India’s Inter-State Transmission System (ISTS), marking their first addition to the ISTS network in FY25, according to the Central Electricity Authority (CEA). Sterlite Power commissioned 223 ckm of lines, including the 400kV double-circuit Padghe-Kharghar line (140 ckm) in Maharashtra, as part of its ISTS-TBCB project under “Mumbai Urja Marg Ltd.” Similarly, Renew Transmission Ventures added a…

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Suzlon to supply wind turbine generators to Jindal Renewables

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Suzlon Group has signed an agreement with Jindal Renewables, the renewable energy division of Jindal Group, to supply wind turbine generators (WTGs) totalling 400 MW. The order, placed by JSP Green Wind 1 Pvt Ltd, a special purpose vehicle (SPV) of Jindal Renewables Power Pvt Ltd, raises Suzlon’s total order book to nearly 5.4 GW. Suzlon will deliver 127 WTGs, each with a capacity of 3.15 MW, featuring hybrid lattice tubular (HLT) towers. These turbines…