+
Renew, Tata Power Among Winners in SJVN’s 1.2 GW FDRE Auction
POWER & RENEWABLE ENERGY

Renew, Tata Power Among Winners in SJVN’s 1.2 GW FDRE Auction

Renew Solar Power, EG Energy Development (Enfinity Global), Dineshchandra R Agrawal Infracon, Serentica Renewables India, and Tata Power Renewable Energy have secured SJVN’s auction for 1,200 MW ISTS-connected firm and dispatchable renewable energy projects. 
Of the total 448 MW awarded, Renew Solar won 100 MW at a tariff of Rs 4.82/kWh, EG Energy 60 MW at Rs 4.83/kWh, Dineshchandra 100 MW at Rs 4.86/kWh, Serentica 100 MW at Rs 4.89/kWh, and Tata Power 88 MW at Rs 4.91/kWh. 
The tender, floated in July 2024, also offered a greenshoe capacity of up to 1,200 MW, with bid sizes ranging from 50 MW to 600 MW. Projects will use established, operational technologies to minimise risk and ensure timely commissioning, following government guidelines for wind turbines, solar modules, and balance of systems. The annual capacity utilization factor must be at least 75%. 
In November 2024, Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s FDRE II auction for 1,200 MW of renewable energy with storage, offering tariffs of Rs 4.25/kWh and Rs 4.26/kWh. 
(Mercom)    

Renew Solar Power, EG Energy Development (Enfinity Global), Dineshchandra R Agrawal Infracon, Serentica Renewables India, and Tata Power Renewable Energy have secured SJVN’s auction for 1,200 MW ISTS-connected firm and dispatchable renewable energy projects. Of the total 448 MW awarded, Renew Solar won 100 MW at a tariff of Rs 4.82/kWh, EG Energy 60 MW at Rs 4.83/kWh, Dineshchandra 100 MW at Rs 4.86/kWh, Serentica 100 MW at Rs 4.89/kWh, and Tata Power 88 MW at Rs 4.91/kWh. The tender, floated in July 2024, also offered a greenshoe capacity of up to 1,200 MW, with bid sizes ranging from 50 MW to 600 MW. Projects will use established, operational technologies to minimise risk and ensure timely commissioning, following government guidelines for wind turbines, solar modules, and balance of systems. The annual capacity utilization factor must be at least 75%. In November 2024, Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s FDRE II auction for 1,200 MW of renewable energy with storage, offering tariffs of Rs 4.25/kWh and Rs 4.26/kWh. (Mercom)    

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?