Torrent Power and Lanco Group have emerged as the lowest bidder in an auction for supplying natural gas-fired power during peak electricity demand periods.Initiated by NTPC Limited in January 2024, the tender sought 4,000 MW of gas-fired power but only received bids totaling 1,307 MW. Torrent Power’s DGEN Power...
BluSmart, a prominent Indian electric mobility ride-hailing service and electric vehicle (EV) charging infrastructure network, has revealed a multi-year power purchase agreement (PPA) with Tata Power Trading Company Limited (TPTCL) to acquire renewable energy.TPTCL would source 30 MW of capacity under the PPA from the company’s 200 MW solar...
Clean Max Enviro Energy Solutions (CleanMax) and Bangalore International Airport Limited (BIAL) have entered into a 25-year long-term power purchase agreement for producing and delivering renewable energy from a 45.9 MW solar-wind captive power project through a special purpose vehicle named Clean Max BIAL Renewable Energy Private Limited. CleanMax...
Results for NHPC’s auction to develop 1,500 MW of firm and dispatchable renewable power from inter-state transmission system (ISTS) connected projects, together with energy storage systems have been announced. The tender was issued in October 2023. The projects will be set up anywhere in India. BN Hybrid Power (BrightNight)...
Pure EV has successfully raised $8 million in its latest funding round to support the expansion of its sales network in India, aiming to increase the number of dealers from 140 to 300 within the next six months.The funding round was spearheaded by Benett Coleman and Company, Hindustan Times...
Su-Kam Power Systems Limited (Su-Kam) organised a dynamic Business Dealers Meet in association with their partner firm Sims Nigeria Ltd in Abuja, the capital of Nigeria. The event brought together successful dealers and distributors of Su-Kam who had met the monthly and quarterly targets of the Dealer Scheme launched...
Greek Independent Power Transmission Operator (IPTO), Anexartitos Diacheiristis Metaforas Ilektrikis Energeias, and its Saudi counterpart, National Grid SA, have established a joint venture (JV) named Saudi Greek Interconnection, to conduct a feasibility study for the proposed electricity interconnection between the two nations.The joint venture, equally owned by IPTO and...
Vietnam’s Ministry of Industry and Trade (MoIT), in its recent submission to the prime minister on the national Power Development Plan (PDP) VIII, has estimated that Vietnam needs an additional 19,000 MW of electricity during the 2023-25 period to ensure supply.The predicted power capacity includes 6.1 GW of thermal...
Sterlite Power has successfully refinanced the loan for its Lakadia-Vadodara Transmission project within just 12 months of its full operationalization in January 2023.The new financing, provided by HDFC Bank Limited, India Infrastructure Finance Company Limited, and Bank of Baroda, facilitates the prepayment of the existing project loan totaling...
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has forged a power delivery agreement with Tata Communications Limited to establish an 18.75 MW AC group captive solar power plant in Aachegaon, Maharashtra.This collaboration involves an investment of approximately Rs 1.05 billion. Operated under the...