DISCOM to purchase 1,070 MW of wind-solar hybrid electricity in Gujarat

30 Mar 2023 CW Team

The petition of distribution licensee MPSEZ Utilities (MUL) to purchase 1,070 MW of ISTS-connected wind-solar hybrid power from Solar Energy Corporation of India (SECI) at a tariff of 2.60 ($0.031)/kWh, including a trading margin of 0.07 ($0.00085)/kWh for 25 years, has been approved by the Gujarat Electricity Regulatory Commission (GERC).

Power distribution business MPSEZ Utilities, which provides electricity to residents of the state's Mundra region, has submitted a petition in order to get the power supply agreement (PSA) signed with SECI approved.

The petitioner anticipates a sharp rise in demand from current and potential customers. For the first half of the fiscal year 2023–2024, MUL predicted demand. The highest demand is anticipated to be 447 MVA in the first half of 2023–24 and 701 MVA in the second.

The highest demand for the fiscal year 2024–2025 is anticipated to be 1090 MVA in the first half and 2830 MVA in the second.

In the first half of the fiscal year 2025–26, the maximum anticipated demand is 2887 MVA, and in the second half, it is 2891 MVA.

Also read:
Ahmednagar to soon have its first solar agri-feeder
SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..