REC Power Development & Consultancy Ltd (RECPDCL) has shortlisted Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) for setting up evacuation infrastructure for hydropower projects in Himachal Pradesh under the ISTS scheme. This project, housed under Shongtong Power Transmission Ltd, follows a tariff-based competitive bidding (TBCB) process.

The three developers have cleared the technical bid stage, and their initial price bids will soon be opened. The bidding will proceed to the e-reverse auction stage, with the final selection expected by October 14, 2024. The project will evacuate power from the 450 MW Shongtong Karcham and 150 MW Tidong hydropower projects.

Both plants are scheduled for commissioning by July 2026, with the transmission system to be completed in the same timeframe.

Additionally, RECPDCL is overseeing a similar process for SJVN’s 210-MW Luhri hydropower project, with bid submissions scheduled for October 2024.

Similar Posts

|

Purvah Green Power incorporates subsidiary for renewable power projects

By

Purvah Green Power Private Limited, a subsidiary of CESC Limited, has established a wholly-owned subsidiary, Redgaint Renewable Power Energy Private Limited (RRPEPL).  With a subscribed and paid-up capital of Rs 100,000, RRPEPL will explore new opportunities in the renewable energy sector, furthering CESC’s commitment to expanding its presence in sustainable power generation.

|

94% of Indian consumers equipped with electric meters, reports CEA

By

As of 31st March 2024, 94.29% of India’s 341.8 million consumers are equipped with electric meters, according to a report by the Central Electricity Authority (CEA). Of these consumers, 273 million are domestic users, 30.8 million are commercial users, and 27.7 million are agricultural users. Urban consumer metering is at 97.73%, with 135 million urban consumers metered, while rural metering has reached 91.94%, covering 187 million rural consumers. The report details that 99.25% of the…

|

MEIL and BESCOM ink 618 MW solar power agreement under PM KUSUM

By

MEIL Solar Energy, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has signed power purchase agreements (PPAs) with Bangalore Electricity Supply Company (BESCOM) to supply solar power from 76 projects with a cumulative capacity of 618.1 MW.  These projects will operate under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, following the renewable energy service company (RESCO) model. MEIL Solar Energy will construct the necessary 11 kV transmission…

|

Andhra Pradesh to become energy-efficient state, says CM Naidu

By

Chief Minister N Chandrababu Naidu has announced plans to transform Andhra Pradesh into the most energy-efficient state in India. In a meeting with Energy Efficiency Services Limited (EESL) CEO Vishal Kapoor and other officials at the State Secretariat, Naidu outlined several initiatives aimed at improving energy efficiency across various sectors. The discussions focused on distributing energy-efficient household appliances to homes under the Pradhan Mantri Awas Yojana (PMAY) and providing e-cycles and energy-efficient appliances to government…

|

EU grants EUR 998 million to boost green hydrogen production in Netherlands

By

The European Commission has granted EUR 998 million to a Dutch scheme to promote green hydrogen production, along with EUR 80 million to Djewels, a subsidiary of HyCC, to advance its green hydrogen technology. This funding supports the EU Hydrogen Strategy and the European Green Deal, which aim to develop green hydrogen, produced through the electrolysis of water using renewable energy. The funding will support the construction of at least 200 MW of electrolysis capacity,…

|

Wardwizard reports financial performance for Q1 FY25

By

Wardwizard Innovations & Mobility Limited reported its financial performance for Q1 FY25, ending in June 2024. The company’s revenue increased to Rs 489.68 million, a 29.23 per cent year-on-year growth. Standalone total revenues rose from Rs 378.93 million in the same quarter of the previous year, while EBITDA jumped 60.13 per cent to Rs 76.48 million, with an EBITDA margin of 15.62 per cent, up by 302 basis points. The profit after tax (PAT) was…

Leave a Reply

Your email address will not be published. Required fields are marked *