SGEL seeks bids for 400 MW MSEDCL solar projects Maharashtra

IIFCL has sanctioned over 760 projects of about Rs 13.8 trillion

What are the top three sectors in IIFCL’s loan portfolio mix?
So far, IIFCL has sanctioned more than 760 projects with a total project outlay of ~Rs.13.8 trillion, the majority of which are PPP projects. As on 31 March 2024, IIFCL’s total sanctions and disbursements on a cumulative basis exceed Rs.2.5 trillion and Rs.1.25 trillion, respectively. The outstanding loan book stands at over Rs.500 billion as on 31 March 2024.

IIFCL provides finance to all subsectors in the harmonised infrastructure sector list, like power, ports, roads, airp..

HARTEK bags Rs.1.13 billion order from SJVN Green

Hartek Power has won an order from SJVN Green Energy. The project entails the development, implementation and maintenance of a 75 MW (AC) grid-connected solar PV power plant, along with a 132 kV sub-station in Jamui, Bihar. The scope is considered to include all equipment, materials and services necessary for the satisfactory operation of the solar project. Hartek Power will supply a 132 kV sub-station. The project, valued at Rs.1.13 billion, is a significant stride towards bolstering the renewable energy landscape in the region. The company has consistently demonstrated its capabilities in..

Gujarat assigns 500 MW solar projects in phase 12 auction

The Gujarat Urja Vikas Nigam (GUVNL) has declared the allocation of 500 MW grid-connected solar power projects in Phase XXII auction, utilising the greenshoe option at the lowest quoted tariff of Rs 2.63 (~$0.0316)/kWh.

The projects were granted to the successful bidders from the initial auction, with capacities remaining unchanged. SJVN Green Energy, a wholly owned subsidiary of SJVN, secured 100 MW through the greenshoe option.

Per information from Mercom sources, the remaining greenshoe option capacity was distributed to Hinduja Renewables Energy (140 MW), Avaada Energy (100..

EVs and Green Hydrogen for India's Net Zero

Experts predict that electric vehicles (EVs) and green hydrogen will play pivotal roles in India's journey towards achieving its net-zero emissions target by 2070. Embracing these sustainable technologies is seen as essential for India to address climate change and reduce its carbon footprint significantly.

The shift towards EVs and green hydrogen is expected to revolutionise India's transportation and energy sectors, promoting cleaner and more sustainable alternatives to traditional fossil fuels. EVs offer a clean mobility solution, reducing air pollution and dependence on fossil fuel..

78 MW wind-solar hybrid power project tender issues by HPCL

HPCL Renewables and Green Energy, a sub-unit of Hindustan Petroleum Corporation (HPCL), issued a proposal for a 78 MW wind-solar hybrid power project for engineering, procurement, and construction (EPC). The comprehensive operation and maintenance (O&M) will be done by the contractor for the stipulated 10 years. It is anticipated that the hybrid project would offer its Mumbai refinery continuous electricity to produce at least 50% green energy at 686 MU. The refinery's contracted load is 90 MW. By 2040, HPCL Renewables & Green Energy wants to have zero net carbon emissions and switch to renewa..