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SECTOR | 11 Oct 2024

Adani Energy signs pact to operate electricity transmission lines in Kenya

Business Standard

Indian billionaire Gautam Adani-led conglomerate has signed a pact to build and operate key electricity transmission lines in Kenya for 30 years, the African nation's Cabinet Secretary for Energy Opiyo Wandayi said. Adani Energy Solutions Ltd signed a project agreement with the Kenya Electricity Transmission Company Ltd (Ketraco). "This agreement marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya," he said in a press statement. Kenya faces persistent power blackouts and the projects awarded to Adani are to upgrade the country's transmission infrastructure to ensure reliable power. "As part of this infrastructure development, the project company (AESL) will raise all the funding in the form of debt and equity that will be repaid over the 30-year period of the project agreement," he said. "The project cost, that is currently estimated at Kenyan shilling 95.68 billion (USD 736...

Energy and Power

SECTOR | 11 Oct 2024

JSW Energy Inks Agreement With Maharashtra Discom For 1,500-MW Hydro Energy Storage

NDTV Profit

The agreement between JSW Energy and the Maharashtra discom is for supply of energy storage capacity for 40 years.

IREDA gets DIPAM nod to set up subsidiary to handle retail, B2B business in Renewable Energy segment

Business Line | 11 Oct 2024

Energy and Power

SECTOR | 11 Oct 2024

Bangladesh likely to retain power purchase pact with Gautam Adani

Business Standard

One contract being scrutinised over price concerns is a 2017 deal to buy electricity for 25 years from Adani's $2-billion, 1,600-MW power plant in India's eastern state of Jharkhand that exclusively s

Energy and Power

SECTOR | 10 Oct 2024

Suzlon, Jindal Renewables partner for 400 MW wind power project to decarbonise steel production

Business Line

The deal involves the installation of 127 advanced wind turbine generators (WTGs) equipped with Hybrid Lattice Tubular towers, each with a capacity of 3.15 MW

Suzlon Group Secures 400 MW Wind Power Deal From Jindal Renewables

NDTV Profit | 10 Oct 2024 2 more

Energy and Power

SECTOR | 09 Oct 2024

Pralhad Joshi, German Vice-Chancellor discuss cooperation in RE sector

Business Standard

Union Minister for New and Renewable Energy Pralhad Joshi and Germany's Vice-Chancellor Robert Habeck have discussed opportunities and areas of cooperation in renewable energy, an official statement said on Wednesday. The minister met Habeck, who is also the Federal Minister for Economic Affairs and Climate Action, on the sidelines of the Hamburg Sustainability Conference (HSC) in Berlin, Germany, on Tuesday, the Ministry of New and Renewable Energy said. "Held a bilateral meeting with Dr Robert Habeck on the sidelines of HSC2024. Had a fruitful discussion on strengthening cooperation in renewable energy. Deliberation on opportunities in green hydrogen, offshore wind, biogas, and recycling of solar waste was also held during the meeting. We were happy to note that India and Germany's cooperation on energy transition is progressing well," Joshi said. India will emerge as a trusted source of green hydrogen for Germany in the coming years, he added.

Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson

Business Standard | 09 Oct 2024 2 more

Energy and Power

SECTOR | 09 Oct 2024

Premier Energies secures major solar module supply deal, stocks rally

Business Line

The deal with BN Hybrid Power-1 Private Limited involves the supply of 173.35 MWp of solar modules featuring Topcon technology for a 300 MW hybrid power project in Rajasthan

Torrent Power Share Price Hits Record High After 2,000-MW Energy Storage Order Win

NDTV Profit | 09 Oct 2024 3 more

Energy and Power

SECTOR | 08 Oct 2024

Skipper Share Price Jumps 10% As Nuvama Initiates 'Buy'

NDTV Profit

Skipper will benefit from the proposed National Electricity Plan, according to Nuvama.

Energy and Power

SECTOR | 07 Oct 2024

Power generation increases 86% to 360 bn units in 10 yrs: Minister Joshi

Business Standard

The country has registered an 86 per cent increase in power generation through renewable sources to 360 BU in the past 10 years, Union Minister Pralhad Joshi said noting India is the only G20 country to have met its climate targets ahead of schedule. The minister for new and renewable energy made the remarks while addressing the ongoing 'Hamburg Sustainability Conference' in Germany, an official statement said. India has witnessed a transformative increase in its renewable energy capacity since 2014, with a 175 per cent rise from 75 GW to over 208 GW today. Total RE increased from 193.5 billion units to 360 BU, marking an 86 per cent rise during this period, Joshi said. "India is the only G20 country to have met its climate targets ahead of schedule, despite having the lowest per capita emissions among G20 nations," he noted. The minister further said that India is also upgrading its port infrastructure to support green shipping fuels and vessels using hybrid models, with the goal

Maharashtra to source 50% of energy from non-traditional sources: Fadnavis

Business Standard | 07 Oct 2024

Energy and Power

SECTOR | 06 Oct 2024

NPCIL To Operate Small Nuclear Plants For Private Players

NDTV Profit

These 220 MW reactors will be known as 'Bharat Small Reactors' for which research is already in progress.

NPCIL to operate small nuclear plants for private players

Business Line | 06 Oct 2024

Energy and Power

SECTOR | 06 Oct 2024

REI Expo saw Rs 1,850 cr investments committed for biogas sector: IBA

Business Standard

Investments worth Rs 1,850 crore have been committed in the biogas sector during the Renewable Energy India (REI) Expo 2024, held from October 3-5 in Greater Noida, a top official of Indian Biogas Association (IBA) said. "The IBA has secured anticipated investment commitments totaling Rs 1,850 crore through joint ventures (JVs), MoUs, and letters of intent (LoIs) at the recently concluded Renewable Energy India (REI) Expo 2024, held from October 3 to 5 in Greater Noida," IBA Chairman Gaurav Kedia told PTI. Kedia said a total of 47 exhibitors representing 10 biogas producing nations took part in the REI Expo. These investments, set to be realised over 2-3 years, reflect strong international interest, particularly from countries such as Germany, Sweden, and the UK, he said. "We have signed MoUs (memorandum of understanding) worth over Rs 900 crore for joint ventures and received almost 50 LoIs (letter of intends) for establishing compressed biogas plants in India," Kedia said. Found