REC eyes up to INR 3 lakh crore lending for renewables by 2030
The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.
NLC seeks QCA services for 1.4 GW of solar and wind plants
NLC India Ltd is looking to engage a qualified coordinating agency (QCA) for its 1.4 GW of solar and wind power plants at various places in Tamil Nadu. The QCA will maintain the transmission of plant-level data and other required data to the state load dispatch center (SLDC), besides providing other services.
Govt panel outlines electricity market roadmap
A power ministry-constituted panel on electricity market development in India has proposed a market-based mechanism for secondary reserves, power purchase agreements (PPAs) of 12-15 years duration, and 5-minute metering, scheduling, dispatch, and settlement.
Godrej & Boyce bags $244 million orders in solar, power transmission, and railways electrification
Godrej & Boyce has secured a 20 MW ground-mounted solar project in West Bengal, substation orders in India and Nepal, and a railway electrification project from Indian Railways.
IndiGrid raises $138.84 million debt finance from IFC
International Finance Corp. (IFC) has subscribed to IndiGrid’s listed, non-convertible debentures aggregating to INR 1,140 crore (($138.84 million).
Sterling and Wilson wins INR 1,080 crore transmission infra projects
Sterling and Wilson has won rural electrification projects aggregating to INR 1,080 crore in the Indian states of Bihar and Chhattisgarh.
Tata Power Delhi discom signs $20.2 million financing deal with ADB
Tata Power will use the secured financing to enhance Delhi’s power distribution through grid enhancements and a battery energy storage system.
Larsen & Toubro wins substation package for renewable energy parks in Gujarat, Andhra Pradesh
The Indian multinational EPC solutions provider has secured substation packages for renewable energy parks at Khavda and Kurnool.
L&T wins transmission project backing solar power evacuation from Rajasthan
Larsen & Toubro (L&T) has secured EPC orders for transmission lines backing renewable energy (RE) projects in Gujarat and Rajasthan.
NTPC tenders land and transmission system package for 2 GW of ISTS solar projects
NTPC Renewable Energy Ltd (NTPC REL) has tendered the land and extra-high-voltage (EHV) transmission system package for up to 2 GW of solar PV projects in Rajasthan, connected to the inter-state transmission system.
