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DVC awards EPC contract for Koderma TPS Phase II to BHEL

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Damodar Valley Corporation (DVC) has awarded Bharat Heavy Electricals Limited (BHEL) the engineering, procurement, and construction (EPC) contract for the 2×800 MW Koderma Thermal Power Station (TPS) Phase II in Jharkhand.  The project will add 1,600 MW to DVC’s generation capacity, addressing growing regional energy demands and promoting socio-economic development. The Koderma TPS Phase II project aligns with DVC’s mission to provide reliable and sustainable power while bolstering the region’s energy infrastructure. The partnership with…

Power Sector News Roundup for November 6, 2024

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Global: Westbridge sells 75% stake in Alberta’s Sunnynook solar project to METLEN Emeren and Arpinge partner on 300MW battery storage portfolio in Italy EDF Renewables signs 20-year energy storage PPA with APS for 250 MW Beehive BESS UAE’s Nakheel and DEWA partner on 132 kV substation in Palm Jebel Ali Canada proposes 35% emissions cap on oil and gas sector by 2030 ACCIONA Energía acquires 300 MW of wind capacity in Texas FTC Solar to…

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CERC amends Indian Electricity Grid Code, tightening regulations for renewable and storage projects

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The Central Electricity Regulatory Commission (CERC) has released the CERC (Indian Electricity Grid Code) (First Amendment) Regulations, 2024, introducing several critical changes aimed at improving grid efficiency and flexibility.  Key amendments include reducing the permissible period for renewable energy and energy storage systems to inject infirm power from one year to 45 days. Extensions of up to three months can be requested from regional load despatch centres, with additional extensions requiring CERC approval. For hydropower…

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DVC highest bidder for Hiranmaye Energy assets

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Damodar Valley Corporation (DVC) has emerged as the highest bidder in the auction for Hiranmaye Energy’s assets, offering Rs 15 billion, surpassing the reserve price of Rs 13 billion.  This marks DVC’s first acquisition, adding to its total installed capacity of around 6,700 MW, including greenfield and brownfield expansions.  Hiranmaye Energy operates a 300 MW thermal power plant in Haldia, West Bengal, with two units of 150 MW each. The company holds a 25-year power…

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MUNPL pays first dividend of Rs 510 million each to NTPC and UPRVUNL

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Meja Urja Nigam Pvt Ltd (MUNPL), a 50:50 joint venture between NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), has paid its first-ever dividend of Rs 510 million each to its parent companies. MUNPL’s Chairman K. Shanmugha Sundaram, CEO Kamlesh Soni, and CFO Amit Rautela presented the dividend cheque to NTPC CMD Gurdeep Singh in the national capital. A similar cheque will be presented to UPRVUNL management next week. MUNPL reported a…

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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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BHEL wins Rs 61 billion order from NTPC for Sipat thermal power project

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Bharat Heavy Electricals Ltd (BHEL) has announced a major order worth over Rs 61 billion from NTPC Ltd for an EPC package at the 1×800 MW Sipat supercritical thermal power project (Stage III) in Bilaspur district, Chhattisgarh. The order includes the supply of equipment such as boilers and turbine generators, along with erection, commissioning, and civil works. The contract was awarded through international competitive bidding. The project is scheduled for completion by September 20, 2028,…

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Share of thermal power in India’s energy mix to decline by FY26 as renewables rise

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The share of thermal power in India’s overall power generation is projected to decline to 67% by the fiscal year 2025-26, down from 73% in FY24, according to Crisil Ratings. While thermal power has met growing electricity demand over the past five years, the upcoming surge in renewable capacity—over 50 gigawatts (GW) by FY26—will outpace thermal power generation growth. This marks the first time incremental RE generation growth, at 20%, will surpass overall power demand…