J&K Invites Bids for Rooftop Solar Systems

24 Jun 2024 CW Team

The Jammu and Kashmir Energy Development Agency (JAKEDA) has announced an invitation for bids to install rooftop solar systems across the Union Territory. This initiative is part of the government's efforts to promote renewable energy and reduce reliance on traditional power sources, aiming to harness the abundant solar potential in the region.

The project targets the installation of 200 MW of grid-connected rooftop solar photovoltaic (PV) systems on residential, institutional, social, and government buildings. This move is expected to significantly contribute to the region's energy security, reduce carbon emissions, and promote sustainable development.

Interested bidders are required to submit their proposals by July 20, 2024. The scope of work includes the design, supply, installation, testing, and commissioning of the solar systems, along with comprehensive maintenance for five years. JAKEDA will provide financial incentives and subsidies to encourage participation and ensure the affordability of these installations for end-users.

This initiative aligns with India's broader national goal of achieving 40 GW of rooftop solar capacity by 2022, as part of its commitment to renewable energy and climate action. By tapping into the solar energy potential, Jammu and Kashmir aim to mitigate the region's power shortages, enhance energy independence, and support economic growth through green energy jobs and infrastructure development.

The implementation of rooftop solar systems will not only provide a reliable and clean energy source but also empower local communities by reducing electricity bills and fostering energy self-sufficiency. JAKEDA's proactive approach reflects the region's commitment to a sustainable and resilient energy future.

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..