Power Projects

Tata Power soars 6% on starting solar cell production at Tamil Nadu plant

The Tata group company's solar cell production, currently at 2 GW capacity, will enhance Tata Power's ability to meet the growing demand for high-quality and domestically produced solar components.

JSW Neo Energy bags 192-MW power project from Gujarat Urja Vikas Nigam

JSW Energy on Monday said its arm JSW Neo Energy has secured a 192-MW hybrid power project, including an additional 96 MW under the greenshoe option from Gujarat Urja Vikas Nigam. The capacity is awarded against tariff-based competitive bids invited for setting up a 500 MW Grid connected Hybrid Power Projects (Phase II), along with a greenshoe option for additional capacity up to 500 MW, a company statement said. According to the statement, JSW Neo Energy -- a wholly owned subsidiary of JSW Energy (or the company) -- has received a Letter of Intent (or LoI) from Gujarat Urja Vikas Nigam Ltd (GUVNL), for setting up a 192 MW grid connected hybrid power project, including an additional 96 MW under the greenshoe option. Subsequent to this capacity award, the company's total locked-in generation capacity increases to 16.2 GW, including the total locked-in hybrid capacity of 2.1 GW, according to the statement. The company expects to have an installed generation capacity of 10 GW by FY25,

India's power demand may cross 400 GW mark by 2031-32: Power Secretary

India's peak power demand may surpass the projected 384 GW mark and cross even a new level of 400 gigawatt (GW) by 2031-32, Power Secretary Pankaj Agarwal said on Tuesday. Speaking at the CII-Smart Metering Conference, he said that peak power demand had already reached the 250 GW mark in May. "The way power demand has grown in some states in the last two years, the demand will touch 384 GW and may easily cross 400 GW by 2031-32. For this we must have an installed (power generation) capacity of 900 GW," Agarwal said. The government projection for this year's peak power demand was 260 GW. Later speaking to reporters, the secretary said the anticipated 260 GW peak demand is expected to reach by September. At the onset of the monsoon, the peak power demand has been showing a downward trend over the last few days. As per official data, the peak power demand was at 209 GW on Monday.

'Measures in place': Govt gears up to meet peak power demand in May, June

The government has taken adequate measures to meet the estimated 235 GW peak power demand in May and 240 GW in June, according to an official statement. "With various measures, we have been able to successfully meet the peak evening power demand of 224 GW during April 2024," the Ministry of Power on Friday. The power demand is projected to peak at 235 GW during the day-time and 225 GW during evening hours for May and 240 GW during day-time and 235 GW during evening hours for June 2024, it said in the statement. The power ministry has estimated around 260 GW of peak demand during this summer season. Elaborating on the measures, the ministry said section 11 directions have been issued to gas-based power plants besides coal-based units to make full capacity available for electricity generation. The optimisation of hydropower generation has made available an additional 4 GW for meeting the demand during May and June. Further, the shifting of planned maintenance and minimisation of pa

REC, Bank of Baroda sign MoU to finance power, infra and logistics projects

The collaboration aims to catalyse transformative projects that will positively impact communities and drive socio-economic progress

PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore

'The collaboration will not only focus on the expansion of power infrastructure, but also help create employment generation of up to 10,000 in Gujarat,' said the Ministry of Power

India, Nepal to ink key power deal during Jaishankar's trip: PM Prachanda

India and Nepal will ink a long-term power deal during the visit of Indian External Affairs Minister S Jaishankar in the first week of January, Prime Minister Pushpa Kamal Dahal Prachanda said on Friday. Speaking during the inauguration of the Inaruwa substation of Nepal Electricity Authority, Prachanda said that Nepal is doing extremely well in the sector of power generation. A long-term agreement between Nepal and India will be reached during the upcoming visit of Indian External Affairs Minister S. Jaishankar to Nepal in the first week of January, Prachanda said. The power deal, once signed between the two neighbouring nations, will come nearly six months after Prachanda's visit to India when the two countries agreed in principle that India would import 10,000 megawatts of hydroelectricity from Nepal in the next 10 years. However, a formal agreement to this effect is yet to be signed. Nepal has been focusing on its hydroelectricity generating capacity for some time and has read

SJVN concludes first ever e-reverse auction for 1500 MW power projects

State-owned SJVN Ltd on Thursday announced concluding an e-reverse auction process for selecting renewable energy developers for its 1,500-MW power projects. This is the first ever such auction process conducted by SJVN, the company said in a statement. "SJVN successfully concludes the E-Reverse Auction for 1500 MW power projects with energy storage system. As a Renewable Energy Implementing Agency (REIA), SJVN has successfully concluded its first ever e-reverse auction (e-RA) for selection of RE power developers for supply of 1,500 MW power projects with energy storage system in India," SJVN CMD Nand Lal Sharma said in the statement. The auction to supply 1,500 MW power from interstate transmission system connected renewable projects with energy storage across India attracted nine companies. Seven of them got their quoted capacity at a tariff of around Rs 4.38 per unit. The successful bidders include ACME, JUNIPER & Tata Power, it said. Ministry of New and Renewable Energy has ...

India, Sri Lanka agree to boost ties via energy, power and port projects

The two countries also will soon restart negotiations on a more expansive trade deal known as the Economic and Technological Cooperation Agreement

Himachal CM asks officials to ensure timely completion of power projects

The Chief Minister said that the delays in the completion of the power projects are causing financial losses for the state's exchequer

Genus Power Infra zooms 15% on order win worth Rs 2,207 crore

The company said it has received a letter of award (LoA) of Rs 2,207.53 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP)

Torrent Power soars 9% on inking MoU with Maharashtra govt for 3 projects

The company has signed a MoU with the Maharashtra government for setting up three Pumped Storage Hydro Projects of 5,700 MW capacity in Maharashtra, would entail an investment of about Rs 27,000 crore

'Developers to face action for power project delay', says R K Singh

'65% of energy capacity to come from renewables by 2030'

Andhra Pradesh govt expects investors' meet to power green boom

Sitting on potential RE of 44 Gw of wind and 38 Gw of solar energy

India set to blacklist renewable power generation companies for delays

-India will blacklist renewable power companies for three-to-five years if they do not meet project completion deadlines, a government order seen by Reuters shows

Kalpataru international arms secures new orders worth Rs 1,247 crore

Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, we have further strengthened and consolidated our market position in India, Saarc and African markets. We expect T&D ordering momentum to remain robust given the thrust on renewables and upgradation of T&D infrastructure in India and International markets". KPTL's YTD (year-to-date) FY23 order inflows have crossed Rs 17,031 crore on a consolidated basis. The existing order book along with our diversified business mix provides good visibility for growth in coming quarters. It is one of the largest specialised EPC (engineering) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

Jindal Stainless ropes in ReNew Power for 300 MW hybrid power project

Leading stainless player Jindal Stainless Limited (JSL) has partnered with ReNew Power to develop its proposed 300 MW hybrid energy project, the company said on Monday. The project will generate 700 million units of green energy annually through a mix of solar and wind technologies, JSL said in a statement. Jindal Stainless has partnered with ReNew Power to setup 300 MW renewable energy project. "JSL has signed a contract with ReNew Power to develop a utility-scale captive renewable energy project for the supply of power to its facility in Jajpur, Odisha," the company said. JSL MD Abhyuday Jindal in an interview with PTI earlier had shared his company's plan of switching from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power in states like Odisha, Haryana and Rajasthan. The plan will be taken forward accordingly post discussions with the interested parties, Jindal had said in September 2022. On the company's partnership wi

Amazon to set up 300-Mw hybrid RE project in Madhya Pradesh, Karnataka

These projects are expected to generate 1,163,000 megawatt hours of clean energy, which is the equivalent amount of electricity needed to power 380,000 average-sized households in New Delhi each year

Reliance Infrastructure files Rs 13K-crore claim in Adani power deal

Reliance cited a breach of a December 2017 share purchase agreement relating to the transfer of its Mumbai power distribution business to Adani Transmission