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JSW, Tata Power, Avaada, Juniper win MSEDCL’s 1,650 MW wind-solar auction

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Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of its 1,650 MW wind-solar hybrid auction. These companies will supply power on a long-term basis from grid-connected intrastate projects. JSW Neo secured 600 MW, including 400 MW under the greenshoe option, while Tata Power won 400 MW, with 200 MW under the greenshoe option. Avaada Energy was awarded…

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Tembo Global secures PPA for 124 MW solar project in Maharashtra

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Tembo Global Industries announced it has secured its first power purchase agreement (PPA) from the Maharashtra government for a 124 MW solar project.  The project, with an estimated cost of Rs 5.95 billion, is expected to be completed within 18 months, the company said in an exchange filing. This solar initiative will not only bolster the local energy supply but also create jobs and stimulate economic growth in the region. Tembo’s investment in solar energy…

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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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Saatvik Green wins 200 MW solar module contract from MAHAGENCO

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Saatvik Green Energy has secured a contract with Maharashtra State Power Generation Co. Ltd (MAHAGENCO) to supply 200 MW of n-type TOPCon 580 Wp modules to various locations across Maharashtra. The total value of the order is estimated at INR 30.2 billion. With a module manufacturing capacity of 3.8 GW as of FY24-25, Saatvik is strategically expanding and developing PV modules with advanced zero-busbar and 24-busbar technology. The company is also exploring investments in electrolyser…

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India’s smart meter presents $20 billion opportunity: Avener report

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A report by Avener Capital highlights that India’s rollout of 250 million smart meters, under the Revamped Distribution Sector Scheme (RDSS), represents a $20 billion opportunity, with Advanced Metering Infrastructure Service Providers (AMISP) project awards projected to grow at a compounded annual rate of 25%. State-wise, Maharashtra and Uttar Pradesh are nearing saturation in terms of project awards, but states like Tamil Nadu, Madhya Pradesh, and Gujarat offer promising opportunities due to the gap between…

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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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Bondada Engineering secures over Rs 110 billion solar EPC contracts

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Hyderabad-based Bondada Engineering Ltd, part of the Bondada Group, has secured two solar EPC mandates worth over Rs 110 billion. According to a stock exchange filing, the company won two orders valued at Rs 76.32 billion and Rs 36.91 billion, respectively, for ground-mounted solar PV projects in Maharashtra under the Mukhyamantri Saur Krishi Vahini Yojana 2.0 (MSKVY 2.0). MSKVY 2.0 is a Maharashtra government initiative aimed at achieving 30% solarization of agriculture feeders by 2025….

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JSW subsidiary signs pumped hydro storage deal with MSEDCL

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JSW Energy PSP Two, a subsidiary of JSW Energy, has signed an energy storage facility agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for 1,500 MW/12,000 MWh of pumped hydro energy storage. The agreement follows the letter of intent received on 01 October 2024. Under the ESFA, the company will supply energy storage capacity for 40 years and receive a fixed capacity charge of Rs 8.47 million per MW annually. The Bhavali pumped hydro…

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Torrent Power secures 2,000 MW energy storage order from MSEDCL

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Torrent Power has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution (MSEDCL) for 2,000 MW of energy storage capacity from its InSTS-connected pumped hydro storage plant in Maharashtra. This includes an additional 500 MW capacity, following the 1,500 MW awarded on 17 September 2024. The energy storage facility will allow scheduled discharge of up to eight hours, with a maximum of five continuous hours per day. MSEDCL will provide the input energy…

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MAHAPREIT invites bids for 3.2 MW distributed solar project in Maharashtra

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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…