SECI Invites Bids for 500 MW Offshore Wind Project in Gujarat

19 Sep 2024 CW Team

The Solar Energy Corporation of India (SECI) has invited proposals for developing a 500 MW offshore wind power project in the Gulf of Khambhat, Gujarat. The project, spread across 202 sq km, will be awarded on a build-own-operate basis.

The selected developer will enter a 25-year power purchase agreement (PPA) with SECI, which will supply the power to Gujarat Urja Vikas Nigam. The project will also qualify for viability gap funding (VGF), with a maximum support of ?8.128 crore per MW. The VGF will be disbursed in four stages, based on project milestones.

The Ministry of New and Renewable Energy (MNRE) will lease the seabed for 35 years, with developers paying ?1 lakh per sq km annually. The project site will be awarded through an e-bidding and e-reverse auction process.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..