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NTPC and ONGC partner to drive renewable energy expansion in India

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NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy.  A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy assets.  It is also eyeing…

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Gensol Engineering secures Rs 7.8 billion solar EPC order in Maharashtra

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Gensol Engineering Limited has won a Rs 7.8 billion turnkey engineering, procurement, and construction (EPC) contract from a major public sector utility in Maharashtra for a 150 MW ground-mounted solar PV plant.  The project, slated for completion within 15 months, covers land acquisition, design, engineering, procurement, manufacturing, installation, testing, and commissioning, alongside infrastructure development to connect to the STU substation.  The contract also includes three years of operation and maintenance for the plant, covering switchyard…

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Premier Energies’ subsidiaries receive orders worth Rs 5.6 bn

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Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion.  Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells.  The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.

Power Sector News Roundup for November 4, 2024

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Global: IEA report forecasts US$2 trillion clean energy market growth, challenging oil industry dominance. Germany to bury nuclear waste, but toxic dispute remains unresolved. UK Government confirms rise in oil and gas headline tax alongside investment in clean energy. Asia to spend over USD 20 billion on EVs, according to a report. Moroccan government partners with Total Energies H2 for the ‘Chbika’ green hydrogen project. Blykalla and ABB partner to develop an SMR pilot facility…

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Moroccan government partners with Total Energies H2 for ‘Chbika’ green hydrogen project

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The Moroccan government, alongside Total Energies H2 and partners, has signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project. Total Energies H2—a joint venture between TotalEnergies and EREN Group—and partners, including CIP’s Energy Transition Fund and A.P. Møller Capital’s Emerging Markets Infrastructure Fund, will now proceed with pre-FEED studies. The ‘Chbika’ project aims to develop 1 GW of onshore solar and wind capacity to produce green hydrogen through seawater electrolysis, transforming it into…

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Amit Shah inaugurates Gujarat’s largest waste-to-energy plant in Ahmedabad

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Union Home Minister Amit Shah inaugurated Gujarat’s largest waste-to-energy plant in Ahmedabad on the eve of the Gujarati New Year.  The PPP-based plant, developed at Piplaj in partnership with Jindal Urban Waste Management Limited, will process 1,000 metric tons of waste daily, generating 15 megawatts of electricity per hour. Built at a cost of approximately Rs 3.75 billion, the plant uses RDF-based Martin Reverse Grate Firing Technology, where municipal solid waste is incinerated to produce…

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Thiruvananthapuram wins UN Habitat Global Award for Sustainable Development in Cities

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Thiruvananthapuram Municipal Corporation has been awarded the prestigious Global Award for Sustainable Development in Cities, a recognition led by the United Nations Human Settlements Programme (UN Habitat) and the Shanghai Municipality.  This award celebrates significant achievements by cities in implementing sustainable urban development under the new urban agenda. Thiruvananthapuram is the first Indian city to receive this honour, joining four other award-winning cities: Agadir (Morocco), Melbourne (Australia), Doha (Qatar), and Iztapalapa (Mexico). Mayor Arya Rajendran…

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Tata Power’s board approves Rs 56.66 bn to set up 1,000 MW PSP

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Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra.  The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity.  This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro projects play a crucial role in providing round-the-clock renewable energy solutions, aiding in the decarbonisation of industries that are challenging…

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Adani Group to supply 6,500 MW of power to MSEDCL

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Adani Power and Adani Renewable Energy Fifty Five, subsidiaries of the Adani Group, have entered into agreements to supply a combined 6,500 MW of power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL).  Adani Power has signed a 25-year Power Supply Agreement (PSA) to provide the state with approximately 1,500 MW of thermal power. Concurrently, Adani Renewable Energy Fifty Five, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has entered into a Power…