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MNRE extends ALMM framework to include solar wafers
The Ministry of New & Renewable Energy (MNRE) has amended the Approved Models and Manufacturers (ALMM) Order to expand domestic sourcing requirements to silicon wafers. The amendment introduces a new compliance layer under ALMM, aimed at strengthening India’s end-to-end solar manufacturing ecosystem. The requirement will take effect from June 1, 2028. Expanded ALMM compliance chain…
Ministry of Coal introduces incentives to boost underground coal mining
The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete…
SECI and KSEB partner for 125 MW battery storage project
The Solar Energy Corporation of India (SECI) has signed an agreement with Kerala State Electricity Board (KSEB) to set up a 125 MW/500 MWh battery storage system in Kasaragod. The project, to be completed by mid-2025, will help manage peak power demand and stabilize Kerala’s electricity grid. JSW Energy won the contract through a competitive…
Ministry of Mines launches dashboard to track auctioned mineral blocks
The Ministry of Mines (MoM) has launched a mining dashboard, a centralised digital platform to monitor the operational status of auctioned mineral blocks and track statutory clearances nationwide. According to the ministry, the dashboard will improve transparency, efficiency, and accountability in the mineral sector. So far, 500 mineral blocks have been auctioned across 16 states,…
Gemstar secures Rs 2,600 crore financing for Rajasthan smart meter projects
Gemstar Infra Pte. Ltd. has secured Rs 2,600 crore in financing from a consortium led by the International Finance Corporation (IFC) to support the deployment and operation of 13.6 million smart meters across 28 districts of Rajasthan. The financing will be provided to the company’s Special Purpose Vehicles (SPVs) and forms part of a broader…
SECI auction discovers lowest tariff for 2 GW solar with 1 GW/4 GWh storage
The Solar Energy Corporation of India Ltd (SECI) has concluded a tender for 2 GW of solar PV projects paired with a 1 GW/4 GWh energy storage system (ESS), discovering a lowest tariff of Rs 2.86/kWh. Falling battery costs and competitive bidding, including participation from new entrants, contributed to the record low price. Shivalaya Construction…
