Mormugao port to be 100% solar powered by mid-2024

18 Jan 2024 CW Team

Mormugao Port Authority (MPA) and Goa Energy Development Authority (GEDA) are in the process of setting up a 3MW solar energy plant at Sada. On completion, it will cater to the port?s complete electricity needs. The excess energy generated will be supplied to the state grid through net-metering.

The project, which is estimated to cost Rs 16.9 crore, has garnered interest from at least 10 companies. The MPA and GEDA-funded solar power plant will be set up on 7 acres of land within the port premises.

?There is a lot of focus on green initiatives at the port. The tender process for the 3MW solar plant is going on. With the installation and commissioning of the plant, MPA will be totally self-reliant in terms of green energy,? said port chairman N Vinodkumar.

The port currently requires 2.6MW of power to meet operational requirements. ?We expect the work of the plant to be completed by May or June,? said Vinodkumar.

The MPA had signed an MoU with GEDA to set up the power plant. Based on this, GEDA floated a tender for the design, engineering, construction and maintenance of the plant for 10 years.

The solar photovoltaic grid-connected power plant will be operated on a virtual net metering basis. As part of the project, around 2.5km of 11kW underground power cables will have to be laid, which will be connected to the Bogda substation.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..