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Adani Group to supply 6,500 MW of power to MSEDCL
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…
Gensol-Matrix win Rs 4.5 billion PLI award for 237 MW hydrogen electrolyser project
Gensol Engineering Ltd and Matrix Gas & Renewables Ltd have secured a Rs 4.5 billion production-linked incentive (PLI) award to manufacture a 237 MW hydrogen electrolyser. The award is part of a competitive tender issued by the Solar Energy Corporation of India (SECI), with the consortium’s total secured capacity reaching 300 MW, including a previous 63 MW award under the first tranche.
Apraava Energy signs 300 MW solar PPA with NTPC for Rajasthan project
Apraava Energy has signed a power purchase agreement (PPA) with NTPC Ltd for a 300 MW interstate transmission system (ISTS)-connected solar energy project in Rajasthan. Secured through an e-reverse auction at a tariff of Rs 2.65 per kWh, the project is part of NTPC’s solar tender for setting up 1,500 MW of ISTS-connected solar PV power projects across India. The PPA, effective for 25 years from the scheduled commencement of supply, tasks Apraava Energy with…
BHEL reports strong order inflow of Rs 95 billion in Q1FY25
Bharat Heavy Electricals Ltd (BHEL) has reported an order inflow of nearly Rs. 9,500 crore in the first quarter of FY25 (April to June 2024), with a significant focus on power sector-related mandates. In an investor presentation, BHEL detailed that it received orders worth Rs. 94.88 billion during Q1FY25. The domestic power sector accounted for Rs. 85 billion, or nearly 90% of the total orders. The remaining Rs 9.88 billion came from the industry sector…
BMW announces plans to produce its first hydrogen car by 2028
German luxury automaker BMW has revealed plans to produce its first hydrogen-powered car by 2028. BMW is partnering with Toyota to create a new generation of fuel-cell powertrains, continuing a collaboration that previously resulted in the current-generation Toyota Supra. The partnership aims to overcome the challenges that have hindered the adoption of hydrogen technology, including high costs and limited infrastructure. BMW’s announcement comes with few specifics about the vehicle, but it is expected to be…
China’s coal stockpiles soar, signalling shift in energy landscape
China is experiencing a rapid buildup of coal stockpiles, with inventories reaching over 635 million tons by the end of June, up from below 90 million tons during the 2021 electricity supply crisis. This surge, fueled by increased domestic production and imports, may push coal prices lower during the typical autumn slowdown, affecting miners globally. The surge stems from China’s response to the 2021 energy crisis, where coal shortages led to power cuts. In response,…