Tata Power to invest 10 billion in clean energy; FY25
Tata Power has budgeted a 66% increase in capital expenditure, totaling Rs 200 billion for the current fiscal year, with a primary focus on energy transition initiatives and India's net-zero emission goal by 2070. During the fiscal year ended March 2024, the company's capital expenditure was approximately Rs 12 billion. CEO
Praveer Sinha, CEO, Tata Power, stated, "We aim to spend around Rs 200 billion this year," with about half of the investment allocated to renewable energy projects and the remainder distributed among transmission, distribution, and conventional projects, financed th..
Juniper Green Energy, Tata Power Collaborate on Maharashtra Hybrid Project
Juniper Green Energy and Tata Power have joined forces to establish an 85MW hybrid project in Maharashtra, marking a significant milestone in India's renewable energy sector. The project, which combines solar and wind power generation, is poised to make a substantial contribution to the nation's clean energy goals.
This collaboration underscores the growing importance of renewable energy in India's energy landscape. With increasing emphasis on sustainability and environmental responsibility, projects like these play a crucial role in reducing carbon emissions and mitigating climate cha..
Tata Power Partners with Indian Bank
Tata Power Solar Systems, a leading solar energy company in India, has joined forces with Indian Bank to accelerate the adoption of solar rooftop systems among residential customers. This strategic partnership aims to promote sustainable energy solutions and enhance accessibility to clean power across the country.
With the increasing emphasis on renewable energy and the pressing need to mitigate climate change, the collaboration between Tata Power Solar Systems and Indian Bank comes as a significant step towards advancing solar energy adoption in India. Through this partnership, both e..
Vikram Solar Wins 397.7 MW Module Supply Contract for NTPC's Gujarat Solar Project
Vikram Solar has been awarded a significant contract to supply 397.7 megawatts (MW) of solar modules for an upcoming project by NTPC in Gujarat. This agreement underscores Vikram Solar's pivotal role in supporting India's renewable energy ambitions, particularly in expanding solar power generation capacity.
The project, spearheaded by NTPC, one of India's largest power generation companies, aims to enhance Gujarat's renewable energy infrastructure. It aligns with India's national goals of achieving substantial renewable energy penetration and reducing carbon emissions.
Vikram Sol..
TCC seeks bids from developers for a 22 MW renewable energy project
Travancore Cochin Chemicals (TCC) is seeking bids from developers for a 22 MW renewable energy project to be implemented under a group captive model. The deadline for bid submissions is June 19, 2024.
Interested bidders are required to pay a tender fee of Rs 1,000 and an earnest money deposit (EMD) of Rs 500,000. The successful bidder will need to furnish a security deposit equivalent to 10% of the annual energy bill value to ensure contract performance, with the EMD being adjusted against this deposit.
The contract duration will span 20 years from the delivery date. Power can be..