ELECTRICITY TRANSMISSION
Budget 2024: What are power sector's expectations from FM Nirmala Sitharaman?
Budget 2024: With anticipated economic growth and a focus on energy transition, India’s power sector is a top priority for the government. The nation is targeting 500 GW of renewable energy by FY30 and an additional 85 GW of thermal capacities by FY32. ET examines the challenges faced by the sector and its budgetary wishlist.
Transforming India's power grid: Highlights from the Transmission & Distribution Conclave 2024
The conclave that took place at KSH Infra Park in Pune, Maharashtra on June 13, brought together industry leaders, experts, and enthusiasts to explore the transformative possibilities within the transmission and distribution industry.
World's largest solar plant has five million PV panels. Where is it located and how much electricity will it produce? Know in detail
China's state-controlled firm China Green Electricity Investment of Tianjin has built the world's largest solar plant in Urumqi of its Xinxiang province. It has more than five million PV panels.
India powers up energy network for its hotspots
The govt is taking steps to ensure power projects, including renewable energy sources like wind turbines and solar panels, can operate effectively in the face of intense heatwaves in India. Actions involve enhancing heat tolerance levels, addressing peak power demand, upgrading transmission equipment, and implementing measures like proper ventilation in substations and transformer yards.
BSES has a new plan to keep Delhi's lights on, debuts India's largest battery storage system
BSES, a major power distribution company in Delhi, has inaugurated India's first utility-scale Battery Energy Storage System (BESS). This innovative system ensures uninterrupted power supply to residential areas, even during technical faults or grid failures. The project, located at BSES Rajdhani's Kilokari substation, aims to enhance grid stability, reduce power procurement costs, and integrate renewable energy sources. The BESS, utilizing advanced Lithium Iron Phosphate (LFP) technology, sets a benchmark for future energy storage projects in India.
Musashi India begins mass production of e-Axles for EV two-wheelers
Musashi Auto Parts India, a subsidiary of Musashi Seimitsu Industries, has started mass production of e-Axles for electric two-wheelers in India with a Rs 160 crore investment in EV business.
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BIS introduces new safety standards for EVs in India
Bureau of Indian Standards (BIS) introduces safety guidelines for electric vehicles in India, focusing on powertrain components. New rules, IS 18590: 2024 and IS 18606: 2024, aim to enhance safety in L, M, and N vehicle categories.
Govt approves transmission projects worth Rs 13,595 cr
The government approved two interstate transmission system projects costing ₹13,595 crore on Saturday to facilitate the evacuation of 9 GW of renewable energy from Rajasthan and Karnataka. These projects, part of the target to achieve 500 GW of renewable energy capacity by 2030, will be implemented through tariff-based competitive bidding.
Multiple-tripping incidents reported in northern region as power demand shoots up to 89.4 GW
Loads were gradually restored considering low voltages and high loading on 765 KV Agra-Gwalior lines. System load was restored to near normal level by 14.30 hours. All the transmission elements which tripped were restored by 16:00 hours.
India likely to add 30-35 GW renewable capacity in FY25
India is set to add 30-35 GW of renewable energy capacity this financial year, surpassing last year's 18.4 GW addition. Renewable sources contributed 71% to the 26 GW power generation capacity added in FY24.
EV component maker Indigrid Technology raises $5 million in funding from Cactus Partners
Indigrid Technology raises $5 million in funding from Cactus Partners for electric vehicle components.
Power Minister Manohar Lal takes stock of capacity addition
Newly appointed union power minister Manohar Lal took stock of capacity addition in transmission, generation, and battery energy storage. He reviewed the power supply situation and discussed the rising electricity demand.
Adani to invest over $1 bn in Sri Lankan wind projects
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka through Adani Green Energy Ltd. The projects include two wind farms in Sri Lanka's Mannar town and Pooneryn village with a total capacity of 484 megawatts.
Green energy to drive power sector investment, coal to remain significant: Moody's
India’s power sector investments will be driven by renewable energy and transmission projects which will require an investment of $340-385 billion to meet the government's target and associated incremental transmission and storage system, Moody’s Ratings said on Thursday.
India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
India needs $385 billion for 500 GW renewable energy by 2030. Coal remains key for next decade. Adani Group plans to generate 45 GW of renewable power by 2030 to support India's transition to net-zero by 2070.
KPI Green Engineering bags orders worth Rs 351 cr
KPI Green Engineering secures Rs 351.35 crore orders for railway track fencing crash barriers, solar projects, and electricity transmission line towers.
Powering ahead: How India made big electricity blackouts a thing of the past
The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern and eastern grids collapsed due to overload, leaving 620 million people without power for more than 13 hours. Since then, significant improvements have transformed India’s transmission network into the world's largest unified grid.
Chhattisgarh hikes power tariff by 8.35 per cent
Talking to PTI, CSERC secretary Sp Shukla said an average hike of 8.35 per cent in power tariff was applicable across all consumer categories. Power services are managed by three state-run companies for generation, transmission and distribution in the state.
Overheating electricity: How India can address supply shortages and renewable energy challenges
With temperatures soaring to record levels across India, the Government of India has taken steps to address the impending surge in electricity demand by instructing idling power plants to increase operations. This move comes as a response to the high demand for electricity not translating into adequate purchases by utilities, leading to shortages in power supply.
Porsche 911 Hybrid unveiled: Here are price, launch dates, performance, speed, and other details
Porsche 911 Hybrid (Google Trends): Porsche has globally unveiled the 2025 911 Facelift, featuring hybrid technology in the Carrera and GTS trims. These models, available for order, are expected in India by late 2024 or early 2025, with prices starting at Rs 1.86 crore. The 911 GTS hybrid boasts a 541 BHP powertrain, faster acceleration, and improved performance, aligning Porsche towards electrification.
Tata Power to target 20% share in PM Surya Ghar Muft Bijli Yojana: CEO
"The expectation is that in the next 4-5 years, about 25-30 GW of capacity will be added. We are looking to cover about 20% of this but it will be over five years. It will be flat in the initial years but possibly from the second or third year, we will see much more capacity getting added."
L&T's power transmission, distribution business bags multiple orders in India, overseas
Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work.
Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr
Adani Energy Solutions Ltd reported a 13.26% fall in net profit to Rs 381.29 crore in March 2024, with FY 24 income at Rs 17,218.31 crore. Growth attributed to robust energy demand and market opportunities.
Data centres, EVs and green hydrogen to create upside for long-term power demand growth: Nikhil Nigania
For solar, you have the likes of Waaree, etc. And for wind, you have the equipment suppliers again in the sense of Suzlon and Inox. So, these I would say are the broad spectrum of power equipment suppliers in the Indian landscape.
Adani makes metals debut as copper unit begins operations
Adani Enterprises has inaugurated its first unit of the copper refinery at Mundra, Gujarat, through its subsidiary Kutch Copper, marking its entry into the metals sector. The company will invest $1.2 billion in the first phase of the project, which will have an annual capacity of 500,000 tonnes. The second phase will add another 500,000 tonnes, making it the world's largest single-location custom copper smelter upon completion. This initiative aligns with India's push for sustainability and self-reliance, creating thousands of direct and indirect jobs while aiming for the lowest carbon footprint in its class.
Sterlite & GIC to set up $1 billion JV for power transmission
Vedanta Group's Sterlite Power Transmission Ltd (SPTL) and Singapore's sovereign wealth fund GIC are forming a $1 billion platform for India's power transmission sector. GIC will invest $500 million for a 49% stake, and Sterlite Power will match the amount for a 51% stake. The JV will initially include five under-construction projects, with plans to expand. Sterlite Power will transfer four operational assets worth about ₹7,500 crores into the JV. This investment aims to support India's goal of increasing renewable energy usage and upgrading the national transmission grid.
Clear the decks for safe nuclear power
India is considering allowing private investment in nuclear energy, a key component of its path to decarbonising the energy sector. The government aims to grow nuclear capacity from 7GW to 22GW by 2031-32, but private investment is crucial. Small-modular-reactor (SMR) technologies, with lower costs, land, and time requirements, are expected to become the mainstay of the nuclear energy sector post-2030.
Auto industry to invest $7 bn in 5 years to deepen parts localisation
The Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28.
Power Grid acquires two special purpose vehicles to build transmission projects
Both the SPVs shall be engaged in the business of transmission of power. Power Grid will have 100 per cent shareholding in both the firms.
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