Latest news with #HydroelectricPowerPlant
Business Standard
04-08-2025
- Business
- Business Standard
JSW Energy edges higher after commissioning first unit of Himachal-based Kutehr Hydro Plant
JSW Energy advanced 3.68% to Rs 530.30 after the company announced the successful commissioning of the first 80 MW unit of its 240 MW (3 x 80 MW) Kutehr Hydroelectric Power Plant. The plant is situated in Chamba district of Himachal Pradesh. The project has commenced power dispatch to the Haryana Power Purchase Centre. The second 80 MW unit has already been synchronised with the grid and is undergoing trial run, while the last unit is expected to be synchronised soon. The Kutehr project is backed by a long-term power purchase agreement with Haryana Power Purchase Centre (HPPC) for the entire 240 MW at a levelized ceiling tariff of Rs 4.50 per kWh, valid for 35 years with provisions for extension. Power generated will supply Haryanas state distribution utilities Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam. With this capacity addition, the installed hydro capacity stands at 1,471 MW, solar at 2,157 MW, Wind at 3,562 MW, taking the share of renewables to 56%. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy We are proud to inform the commissioning of the Kutehr Hydroelectric Power Plant, one of the fastest built greenfield hydro project to be completed in India. The timing is especially opportune, coinciding with the peak monsoon season, enabling us to capitalise on high waterflow and reap the generation benefit in current fiscal. JSW Energy is one of the leading private sector power producers in India and part of JSW group. It has established its presence across the value chains of power sector with diversified assets in power generation, and transmission. The company's consolidated net profit jumped 42.43% to Rs 743.12 crore on 78.62% increase in revenue from operations to Rs 5,143.37 crore in Q1 FY26 over Q1 FY25.
Al-Ahram Weekly
27-06-2025
- Business
- Al-Ahram Weekly
Burundi and Egypt celebrate inauguration of JIJI hydroelectric power plant - Foreign Affairs
In a landmark event for regional development and energy access in East Africa, the Government of Burundi officially inaugurated the JIJI Hydroelectric Power Plant, a transformative project supported by Egypt through its leading private sector, ORASCOM Construction. Presiding over the inauguration ceremony, Burundi's President Évariste Ndayishimiye hailed the JIJI–Mulembwe hydroelectric project as a strategic milestone, underscoring its contribution to the country's National Development Plan 2040 and its vital role in expanding access to electricity. Before the project, only six percent of Burundi's population had access to energy. Representing the Arab Republic of Egypt, Ambassador Amira Abdelrahim Ali Mostapha reaffirmed Egypt's unwavering commitment to sustainable development across Africa through public-private partnerships. "The JIJI project, realized by ORASCOM, exemplifies Egypt's pledge to support Burundi's development agenda," she said. "It reflects our broader commitment to international, regional, and triangular cooperation." Ambassador Abdelrahim also announced that additional Egyptian companies are preparing to enter the Burundian market, particularly in infrastructure, water, and transport sectors — a move expected to bolster local economic resilience and human development. "I congratulate ORASCOM on their outstanding performance," she added. "As an Egyptian, I take pride in their professionalism and their reputation across Africa. Their projects consistently demonstrate environmental responsibility, social impact, and alignment with the goals of sustainable development." The JIJI–Mulembwe hydroelectric complex, developed with €320 million in financing from the World Bank, the African Development Bank (AfDB), the European Investment Bank (EIB), and the European Union, is expected to supply up to 235 GWh of electricity annually. The project is expected to benefit more than 15,000 households, 7,000 businesses, and 1,700 industrial facilities, significantly strengthening Burundi's energy security and economic output. Edward Claessen, the EIB's Head of Energy for the region, praised the project as "a major step towards Burundi's energy self-sufficiency," noting its alignment with global goals for clean, reliable, and inclusive energy. The JIJI–Mulembwe complex now stands as a model for South-South cooperation, demonstrating how African expertise and private-sector engagement, backed by multilateral finance, can deliver transformative infrastructure that uplifts communities and anchors sustainable growth. Follow us on: Facebook Instagram Whatsapp Short link:
