JSERC Approves Bokaro Steel’s 100 MW Solar Power Deal

13 Mar 2025 CW Team

The Jharkhand State Electricity Regulatory Commission (JSERC) has approved a power sale agreement (PSA) between Bokaro Steel (BSL), a Steel Authority of India (SAIL) company, and Solar Energy Corporation of India (SECI) for the purchase of 100 MW of solar power.

The Commission sanctioned the agreement with a solar power tariff of Rs 2.85/kWh, comprising Rs 2.50/kWh as the solar power developer’s rate, Rs 0.07/kWh as SECI’s trading margin, and Rs 0.28/kWh for the estimated financial impact of basic customs duty (BCD) and GST. The purchase will also remain exempt from interstate transmission system (ISTS) charges if the project is commissioned by June 30, 2025, under CERC Regulation 2023.

Bokaro Steel’s move to procure solar power aligns with its renewable purchase obligations and offers cost stability compared to its current power supply from the Damodar Valley Corporation (DVC), priced at Rs 4.05/kWh. The long-term solar power deal is expected to reduce costs and provide financial relief by securing a fixed tariff over 25 years.

In June 2024, JSERC had recognised Bokaro Steel’s cogeneration plants as fulfilling renewable purchase obligations, citing their environmental benefits, including reduced emissions and fossil fuel conservation.

(pib)

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..