NTPC REL Secures Land for 900 MW Solar

NTPC REL seeks BoS package for 500 MW solar in Rajasthan

NTPC Renewable Energy (NTPC REL) announced that bids were being sought for the balance of the system package (excluding land and transmission system) of a 500 MW state transmission utility (STU)-connected solar power project in Bhadla, Rajasthan.

It was stated that the deadline for submitting bids was May 1, 2024, and bids would be opened on the same day.

The tasks to be performed encompassed design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading, storage, installation, testing, and commissioning of a solar photovoltaic project.

Ho..

Top developers secure 1,250 MW in PFC Consulting's Solar Power Auction

NTPC Renewable Energy (NTPC REL), ACME Cleantech Solutions, and Solarcraft Power India 12 (Blupine Energy) emerged victorious in the auction conducted by PFC Consulting for the development of 1,250 MW interstate transmission system (ISTS) connected solar power projects across India.

NTPC REL and ACME secured 900 MW and 300 MW capacities, respectively, quoting the lowest tariff at Rs 2.53 (~$0.0304)/kWh. Meanwhile, Solarcraft Power India 12 won 50 MW using the bucket-filling method, quoting Rs 2.54 (~$0.0305)/kWh.

The projects will follow a build-own-operate model, offering flex..

NTPC REL secures 80 MW floating solar project in MP

NTPC Renewable Energy Limited (NTPC REL) has emerged as the successful bidder for an 80 MW Floating Solar project situated at Omkareshwar Reservoir in Khandwa, Madhya Pradesh. The bidding process, held on August 8, 2023, was overseen by Rewa Ultra Mega Solar Limited (RUMSL), a joint venture between the Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Limited. The project will operate at a tariff of Rs 3.80/kWh, and the electricity generated will be harnessed by the power distribution companies (DISCOMs) in Madhya Pradesh. Once this venture is completed, NTPC's floating solar c..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..