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West Bengal Cabinet approves 660-MW supercritical plant

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On 30 September 2024, the West Bengal Cabinet approved establishing a 660-MW supercritical power plant at Sagardighi in Murshidabad district. Power Minister Arup Biswas announced that 95% of the work on the plant has been completed, with plans to finish by March 2025. 

The Cabinet also approved the construction of five additional power plants and a new 1,600 MW plant, which will follow a PPP model with a global tender. Additionally, the Cabinet allowed 32.43 acres and 40.17 acres of land in Paschim Bardhaman to be converted for a new steel and power plant project.

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India eyes pipeline network for cost-effective green hydrogen transport, study underway

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The Indian government has launched a study to assess the costs and reliability of transporting green hydrogen through pipelines from renewable energy regions to ports, for both domestic consumption and export. The study, led by a team including GAIL, Indian Oil Corporation (IoCL), the Central Electricity Authority (CEA), and NTPC, will explore the feasibility of transporting green hydrogen either via power transmission lines or pipelines. Ghanshyam Prasad, Chairperson of the CEA, noted the challenges of…

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Surana Solar acquires Surana Technologies

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Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, making it a wholly-owned subsidiary.  Surana Technologies, with an authorized, subscribed, and paid-up capital of Rs 100,000, operates in the solar energy sector, specializing in trading, distribution, supply, generation, transmission, and manufacturing of solar products.  This acquisition aligns with Surana Solar’s strategy to enhance its execution capacity for solar projects.

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Matrix Renewables secures EUR 50 million EIB loan for solar projects in Spain

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Matrix Renewables has obtained a EUR 50 million (USD 54.6 million) green loan from the European Investment Bank (EIB) to finance new solar projects in Spain. The funds will support the design, construction, and operation of five solar farms with a total capacity of 240 MW in Castile and Leon and Extremadura, regions with lower-than-average EU per-capita income. The solar farms are expected to be operational by the end of 2025. This loan aligns with…

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JSW wins 1,500 MW pumped hydro storage contract from MSEDCL

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JSW Neo Energy, a subsidiary of JSW Energy, has received a letter of intent (LoI) from Maharashtra State Electricity Distribution (MSEDCL) to provide 1,500 MW/12,000 MWh of pumped hydro energy storage. The Bhavali pumped hydro project, located across Nashik and Thane districts, will feature an eight-hour discharge capacity with a maximum of five continuous hours of discharge. The energy storage capacity will be provided for 40 years. With this order, JSW Neo Energy’s total locked-in…

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Coal India reports 22% decline in Q2 net profit

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Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year.  The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding period of the previous year.

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CERC issues draft amendment on Deviation Settlement Mechanism for 2024

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The Central Electricity Regulatory Commission (CERC) has released the draft CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024. According to the draft, the charges for injecting infirm power will be zero, unless scheduled after a trial run as per the Grid Code. In such cases, deviation charges will apply to general or WS sellers. Additionally, if the system frequency exceeds 50.05Hz, any deviation of scheduled infirm power by over-injection will incur zero…

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