Latest news with #Inter-StateTransmissionSystem
Time of India
a day ago
- Business
- Time of India
Adani Energy Solutions bags ₹1,660 crore transmission project in Maharashtra
Ahmedabad: Adani Energy Solutions Ltd (AESL) on Friday said it has won a ₹1,660 crore inter-state transmission project in Maharashtra . The project scope includes the establishment of 3,000 megavolt-amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm (circuit kilometres) and 93,236 MVA of transformation capacity. AESL, India's largest private transmission and distribution company and part of the globally diversified Adani portfolio, said it is scheduled to commission the project by January 2028. The project, housed under the Special Purpose Vehicle (SPV), WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas. The project SPV has formally been transferred to AESL. AESL won this Inter-State Transmission System (ISTS) project under the tariff-based competitive bidding (TBCB) mechanism, and REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. With this order win, AESL's transmission orderbook now stands at ₹61,600 crore, informed the company. Adani Energy Solutions reported an impressive 103 per cent annual profit after tax (PAT) growth in FY25 at an all-time high of ₹2,427 crore, as the company posted 87 per cent PAT growth at ₹714 crore in Q4 (January-March). The Adani Group company also showed strong growth of 42 per cent (year-on-year) in its total income at ₹24,447 crore in FY25, which is the highest ever is driven by the contributions from the recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities and contribution from the smart metering business. During the March quarter, the company secured two new transmission projects -- Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd.
Hans India
a day ago
- Business
- Hans India
Adani Energy Solutions bags Rs 1,660 crore transmission project in Maharashtra
Ahmedabad: Adani Energy Solutions Ltd (AESL) on Friday said it has won a Rs 1,660 crore inter-state transmission project in Maharashtra. The project scope includes the establishment of 3,000 megavolt-amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm (circuit kilometres) and 93,236 MVA of transformation capacity. AESL, India's largest private transmission and distribution company and part of the globally diversified Adani portfolio, said it is scheduled to commission the project by January 2028. The project, housed under the Special Purpose Vehicle (SPV), WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas. The project SPV has formally been transferred to AESL. AESL won this Inter-State Transmission System (ISTS) project under the tariff-based competitive bidding (TBCB) mechanism, and REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. With this order win, AESL's transmission orderbook now stands at Rs 61,600 crore, informed the company. Adani Energy Solutions reported an impressive 103 per cent annual profit after tax (PAT) growth in FY25 at an all-time high of Rs 2,427 crore, as the company posted 87 per cent PAT growth at Rs 714 crore in Q4 (January-March). The Adani Group company also showed strong growth of 42 per cent (year-on-year) in its total income at Rs 24,447 crore in FY25, which is the highest ever is driven by the contributions from the recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities and contribution from the smart metering business. During the March quarter, the company secured two new transmission projects -- Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd.
Time of India
3 days ago
- Business
- Time of India
Sembcorp bags 150 MW solar project with 300 MWh storage capacity from SJVN
New Delhi: Sembcorp Industries , through its wholly-owned subsidiary Sembcorp Green Infra Private Limited (SGIPL), has secured a 150 MW solar power project integrated with a 300 MWh Battery Energy Storage System (BESS) from SJVN Limited . The Letter of Award issued by SJVN is part of its 1.2 GW tender for Inter-State Transmission System (ISTS)-connected solar projects with a total of 600 MW/2.4 GWh of battery storage capacity. The project will be implemented on a build-own-operate basis and is expected to commence commercial operations within 24 months from the signing of the 25-year Power Purchase Agreement (PPA). Upon completion, the project will supply solar power and support peak electricity demand for four hours daily through the BESS. Funding for the project will be sourced through a mix of internal funds and debt. This is Sembcorp's second solar-energy storage hybrid project in India. With this award, the company's gross renewables capacity in India has increased to 6.3 GW. Sembcorp's global renewables portfolio, including acquisitions pending completion, now stands at 17.7 GW.
Time of India
3 days ago
- Business
- Time of India
BC Jindal Group wins 150 MW RTC renewable energy project at Rs 5.07/unit under SECI auction
New Delhi: BC Jindal Group has secured a 150 MW Round-the-Clock (RTC) renewable energy project in a reverse auction conducted by Solar Energy Corporation of India Ltd (SECI), quoting a tariff of Rs 5.07 per unit. The project is part of SECI's 1,200 MW RTC renewable energy capacity tender floated in November 2023. As part of the bid conditions, BC Jindal Group will be responsible for setting up Inter-State Transmission System (ISTS)-connected renewable energy power projects. The scope includes developing transmission networks and establishing interconnection or delivery points with the ISTS network. The group is also tasked with land identification, project installation and ownership, obtaining necessary approvals, and ensuring interconnection for supplying power to DISCOMs tied up through SECI's Power Purchase Agreement (PPA). 'Securing the 150 MW-RTC project after competitive bidding is a reaffirmation of our unflinching commitment to delivering robust and reliable renewable energy solutions. This project win gives a big push to our goal of playing a key role in supporting India's transition to clean energy and assisting the country achieve its renewable energy target of 500 GW by 2030,' a company spokesperson said. Earlier, Jindal India Renewable Energy (JIRE), the group's renewable energy arm, won a 300 MW solar-plus-storage project from SJVN under its 1,200 MW ISTS-connected solar power tender, which includes 600 MW/2,400 MWh battery energy storage systems (BESS). JIRE also received a Letter of Acceptance (LoA) for another 300 MW solar-plus-storage project from NHPC under its 1,200 MW ISTS-connected solar initiative, including 600 MW/1,200 MWh BESS. 'These project wins highlight the Group's capabilities and expertise in implementing crucial projects across solar, wind, hybrid, RTC, and FDRE platforms,' the spokesperson added. The BC Jindal Group plans to invest $2.5 billion in the renewable energy sector by 2030. It is also setting up a solar cell and module manufacturing plant with an annual capacity of 2 GW in Maharashtra, expected to be operational by September 2026. The group is expanding its operational assets across India, with this expansion to be funded through internal accruals and debt.
Time of India
4 days ago
- Business
- Time of India
BC Jindal bags 150 MW round-the-clock project from SECI
The BC Jindal group on Wednesday announced that it has won a 150 MW round-the-clock ( RTC ) project in a reverse auction conducted by Solar Energy Corporation of India ( SECI ) at a tariff of Rs 5.07/kWh. The auction was part of SECI's 1200 MW RTC project. Under the terms of the agreements, the company would be setting up Inter-State Transmission System (ISTS)-connected renewable energy power projects. Additionally, the firm would be responsible for land identification, project installation and ownership, obtaining approvals, and connecting with the ISTS power generated will be supplied to DISCOMs under a Power Purchase Agreement (PPA) through SECI. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 아침마다 뒷목 땡긴다면 99% '이것' 때문 생활 건강 꿀팁 공유 더 알아보기 Undo 'This project win gives a big push to our goal of playing a key role in supporting India's transition to clean energy and assisting the country achieve its renewable energy target of 500 GW by 2030,' said a company spokesperson. Earlier, Jindal India Renewable Energy (JIRE) won two major 300 MW solar plus storage projects from state-owned SJVN and another from NHPC . Live Events To meet the ambitious target of achieving 500GW by 2030, the Centre is eyeing adding 50GW of renewable energy capacity addition per annum. India has logged threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching 232GW, including large hydro power plants, currently compared to 75.52GW capacity in March 2014, official sources told PTI. India has emerged as a global front runner in the renewable energy space as the tariff of the grid-connected solar power plants has gone down by 80 per cent to Rs 10.95 per unit (for 170MW at Neemuch). In March 2014, India's installed solar energy capacity was 2.82 GW, which has crossed 108GW now, recording multifold growth. Wind energy capacity has more than doubled to 51GW presently from 21GW in 2014.
