Latest news with #PPA


Time of India
9 hours ago
- Business
- Time of India
Jodhpur Discom Powers Rajasthan's Green Future: 841 MW Solar & Farmer Empowerment
Jodhpur Vidyut Vitran Nigam Limited ( Jodhpur Discom ) has successfully established 432 solar power plants with a cumulative generation capacity of 841 megawatts (MW) under the Prime Minister's Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. This marks a step in Rajasthan's journey to become a renewable energy hub while addressing the dual objectives of energy security and agricultural resilience. Speaking to The ET Government, Dr. Bhanwarlal, Managing Director of Jodhpur Discom , emphasized the transformative impact of the initiative. Through effective implementation of the PM-KUSUM scheme, our farmers are not only accessing clean and sustainable energy but also gaining new sources of income, he said. 841 MW Solar Capacity Already Commissioned,Target of 6,000 MW by March 2026 As of May 2025, 432 decentralized solar power plants have been commissioned within the Jodhpur Discom area, generating 841 MW of electricity. These installations are now supplying power to approximately 75,000 agricultural consumers, marking a significant milestone in the government's mission to transform India's rural energy infrastructure. The solar plants have provided a sustainable solution to farmers' energy woes, Dr. Bhanwarlal noted. More importantly, they have become a stable and long-term source of income for them. Looking ahead, Jodhpur Discom has laid out an ambitious roadmap to scale its solar energy capacity to 6,000 MW by March 2026. This expansion aims to benefit nearly 4.95 lakh farmers across the region, significantly reducing reliance on conventional grid electricity and diesel-powered irrigation. This projected capacity expansion will cement Rajasthan's position as a leader in renewable energy generation,' Dr. Bhanwarlal said. 'It will also enable thousands of farmers to become energy producers, not just consumers. The expansion aligns with the Government of India's broader goals to increase the share of non-fossil fuels in the power mix and meet its climate commitments under international accords. Power Purchase Agreements (PPA) Ensure Steady Farmer Incomes One of the key attractions of the PM-KUSUM scheme is the provision for farmers to establish solar plants on their land and enter into long-term Power Purchase Agreements (PPA) with Discoms. These PPAs ensure that farmers have a reliable and consistent source of income by selling electricity back to the grid. This system not only enables productive utilization of agricultural land but also ensures financial empowerment of farmers, Dr. Bhanwarlal explained. It's a win-win for energy security, environmental sustainability, and economic development. With predictable earnings from electricity sales, farmers can diversify their income, reduce debt dependency, and reinvest in their agricultural activities. For many, this has become a pathway to financial stability. Driving Energy Independence Through Policy Backing Dr. Bhanwarlal credited both central and state governments for their proactive policy support, which has been instrumental in enabling the implementation of the PM-KUSUM scheme. The initiative is a decisive step towards an energy-resilient and environmentally stable future. The supportive policy framework has encouraged Discoms to actively participate in decentralized solar energy deployment,he said. He also emphasized that the scheme supports India's commitments to the Paris Climate Agreement and aligns with the goals of achieving Net Zero emissions by 2070. Rajasthan's proactive role, particularly through the Jodhpur Discom, showcases how regional initiatives can have a significant national impact. By reducing dependence on diesel and fossil-fuel-based electricity, solar installations under PM-KUSUM are significantly lowering carbon emissions in agricultural operations. The move toward clean energy not only mitigates climate change risks but also helps preserve natural ecosystems. The Jodhpur Discom's efforts contribute to a cleaner, greener environment,' Dr. Bhanwarlal said. 'In the long run, this will lead to improved air and soil quality, reduced groundwater depletion, and better climate resilience for rural communities. Building Infrastructure for a Renewable Future Implementing large-scale solar energy infrastructure in rural areas comes with its own set of challenges—land identification, transmission connectivity, regulatory approvals, and capacity building. However, Jodhpur Discom has overcome these hurdles through strategic planning, collaboration with local stakeholders, and transparent execution. The Discom is also working closely with local entrepreneurs and renewable energy developers to streamline installation and grid integration processes. This collaboration ensures that both technical and operational standards are maintained while also fostering employment generation in rural areas. The success of the PM-KUSUM implementation in the Jodhpur region is now being seen as a model for replication across India. With vast tracts of arid and semi-arid land, Rajasthan holds enormous potential for solar energy generation. Jodhpur Discom's pioneering work showcases how harnessing this potential can result in both economic and ecological dividends. The initiative sets a precedent not just for Rajasthan but for the entire country,' said Dr. Bhanwarlal. 'It demonstrates the tangible benefits of integrating renewable energy with rural development strategies. Farmers at the Core of the Solar Transition Perhaps the most transformative aspect of the PM-KUSUM initiative is the empowerment of farmers to become active participants in the energy transition. Traditionally seen as consumers at the end of the energy value chain, they are now becoming producers and stakeholders in India's clean energy journey. This isn't just about solar panels, said Dr. Bhanwarlal. It's about transforming lives, empowering farmers, and decentralizing our energy future. With the addition of solar infrastructure, farmers can now irrigate their fields with affordable and uninterrupted power, grow multiple crop cycles, and increase agricultural productivity—all while contributing to the national grid. With more solar plants on the horizon and nearly half a million farmers set to benefit in the coming years, the momentum is strong. Jodhpur Discom's leadership under the PM-KUSUM scheme is not just powering farms—it's energizing lives, communities, and the very fabric of sustainable development in India. Quick Facts: PM-KUSUM in Jodhpur Discom Region Total Solar Plants Commissioned (as of May 2025): 432Installed Capacity: 841 MWNumber of Farmers Benefited: ~75,000Target by March 2026: 6,000 MW additional solar capacityFuture Beneficiaries: ~4.95 lakh farmersIncome Mechanism: Long-term Power Purchase Agreements (PPA)
Business Times
a day ago
- Business
- Business Times
Sembcorp unit wins solar-energy project to supply 150 MW of power in India
[SINGAPORE] Sembcorp Industries' wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar-energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will develop, own and operate the project and supply 150 megawatts (MW) of solar power to SJVN over a 25-year period, subject to the execution of a power purchase agreement (PPA) to be signed with the Indian power company. Once the project is completed, it will support peak electricity demand for up to four hours daily through a 300 megawatt-hour (MWh) battery-energy storage system (Bess), the group said on Thursday (May 29). Commercial operations for the project are expected to start within 24 months of the date of the signing of the PPA, the group noted. The project is part of SJVN's 1.2 gigawatt (GW) tender for the Inter State Transmission system-connected solar projects with 600 MW/ 2.4 GWh of Bess capacity. As one of four renewable-energy implementing agencies in India, SJVN issues tenders for renewable energy companies in the country to bid for and build capacity for sale to the grid, Sembcorp said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The project will be funded through a blend of internal funds and debt. It is not expected to have a material impact on Sembcorp's earnings per share and net tangible assets per share for the financial year ending December 2025, the group said. As Sembcorp's second solar-energy storage hybrid project in India, the project raises the group's gross renewables capacity in the country to 6.3 GW. Globally, the group's total renewables portfolio stands at 17.7 GW, including acquisitions pending completion. It comes on the back of the group's first solar and Bess hybrid project in India, involving a 150 MW solar photovoltaic project with a 300 MWh Bess, announced in December 2024. Then, Sembcorp Green Infra was awarded a build-own-operate project by Indian public sector company, Solar Energy Corporation of India, to supply on-demand power to support four hours of peak electricity daily over a 25-year period. The counter ended on Wednesday 1 per cent or S$0.07 lower at S$6.64.


Al Etihad
a day ago
- Business
- Al Etihad
Mubadala, TAQA complete transaction for purchase of power plant in Uzbekistan
29 May 2025 12:39 ABU DHABI (WAM) Mubadala, the Abu Dhabi sovereign investor, and Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, have completed the acquisition of a gas-fired power generation plant at the Talimarjan Power Complex in and TAQA each hold a 40 per cent stake in the 875 MW TPP1 combined-cycle gas-fired plant through a newly established project company, Talimarjan Power Plant 1 LLC. Both TAQA and Mubadala also hold a 40% stake in the Talimarjan Operations & Maintenance LLC (O&M), which was established to operate the JSC 'Talimarjan Issiqlik Elektr Stansiyasi' (TIES) holds the remaining 20 per cent stakes in both the project company and the O&M transaction supports investments into the privatisation of Uzbekistan's power sector. It follows a strategic partnership between the Governments of Uzbekistan and the United Arab Emirates whereby Mubadala and TAQA will bring their global power sector expertise to the local power market in 875 MW TPP1 plant has a Power Purchase Agreement (PPA) with JSC 'Uzenergosotish' (UES) (successor power purchaser to JSC 'National Electric Grid of Uzbekistan') for 25 years and plays a critical part in meeting demand for electricity in Uzbekistan as the country continues to experience rapid population and economic Rahman, Head of Asia Pacific Infrastructure at Mubadala, said, 'Mubadala is committed to supporting countries across the world to meet their energy needs while reducing carbon emissions. Efficient natural gas-fired powered plants such as TPP1 will play an important part in enabling the transition to cleaner sources of is recording a significant growth in demand for power, and Mubadala looks forward to working with TAQA and our local partner TIES to ensure communities and businesses across the country have access to reliable, affordable and secure power supply that supports progress and socioeconomic development.'Frank Possmeier, Chief Investment Officer, Generation at TAQA, said, 'TAQA is pleased to collaborate with Mubadala and TIES in acquiring this vital asset that plays a crucial role in Uzbekistan's journey towards a privatised energy sector. As a low carbon power and water champion, TAQA will leverage its extensive experience and expertise to help Uzbekistan meet its growing energy needs while continuing to invest in this critical stake in TPP1 demonstrates progress in delivering on our 2030 targets which aim to grow our power generation capacity to 150 GW and strengthens our operation and maintenance capabilities which is also a pivotal element of our strategy. We are committed to enhancing efficiency and ensuring TPP1 runs as a world-class power plant as part of our expanding portfolio as we continue to provide power to the communities we serve.'The acquisition of the TPP1 project brings direct foreign investment into Uzbekistan's thriving energy sector and will also support local development of social infrastructure and knowledge sharing initiatives aimed at capacity building and sustainable community development. TAQA's Generation business is targeting 150 GW of gross power generation by 2030, with around 100 GW of that capacity coming from renewable power sources through its leading stake in Masdar's renewable energy operations.


The Star
2 days ago
- Business
- The Star
Samaiden inks Kelantan land deal for 99.99MWac solar project
From left: PKINK group chief executive officer Datuk Sr. Zamri Ismail, PKINK deputy group CEO - corporate affairs Ahmad Nazri Ismail, Kelantan Exco careers, infrastructure, water and rural development Datuk Dr Izani Husin, Samaiden group managing director Datuk Ir Chow Pui Hee and Samaiden Sdn Bhd project development director Ts. Makhzumi Ghazali. KUALA LUMPUR: Samaiden Group Bhd's wholly owned subsidiary, Samaiden Legasi Timur Sdn Bhd (SLTSB), has signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (PKINK) to develop a large-scale solar photovoltaic (LSS) power plant under Malaysia's LSS5 programme. In a statement, the renewable energy specialist said the 400-acre lease in Pasir Mas, Kelantan marks a key step in its renewable energy growth strategy. The land will be utilised to construct and operate a solar energy facility with a maximum export capacity of 99.99MWac, to supply clean electricity to Tenaga Nasional Bhd (TNB) under a power purchase agreement (PPA). The 23-year lease, which includes a two-year construction period, will begin once conditions such as the LSS5 project award by the Energy Commission and the signing of the PPA with TNB are met. 'Following our recent EPCC contract win under LSS5, this lease agreement with PKINK marks a major milestone in progressing our LSS5 solar project and aligns with Malaysia's national targets to achieve 70% renewable energy capacity by 2050 and reduce carbon intensity by 45% by 2030,' Samaiden group managing director Datuk Ir. Chow Pui Hee said. 'The site offers strategic advantages for solar development, and we deeply appreciate the strong support from the Kelantan state government in facilitating this initiative. We are grateful for the trust and collaboration extended by both the state government and PKINK in making this project possible. 'At Samaiden, we remain committed to integrity, professionalism, and sustainability, and we hope this collaboration will pave the way for more impactful green initiatives ahead.' In addition to the power facility, Samaiden will also prioritise local hiring and promote renewable energy awareness within the surrounding community. The lease agreement is expected to contribute positively to the local economy by creating job opportunities and fostering knowledge exchange in the renewable energy sector.


New Straits Times
2 days ago
- Business
- New Straits Times
Samaiden seals land lease deal for solar power plant project in Kelantan
KUALA LUMPUR: Samaiden Group Bhd, via unit Samaiden Legasi Timur Sdn Bhd, has sealed a deal to facilitate the development of a large-scale solar photovoltaic (LSS) power plant in Kelantan. Samaiden today signed a long-term lease agreement with Perbadanan Kemajuan Iktisad Negeri Kelantan (PKINK) for the project under Malaysia's LSS5 programme. The lease agreement, which covers about 162 hectares of land in Pasir Mas, marks a major milestone in Samaiden's renewable energy expansion strategy. The land will be utilised to build and operate a solar energy facility with a maximum export capacity of 99.99MWac, supplying clean electricity to Tenaga Nasional Bhd (TNB) under a power purchase agreement (PPA). The lease is for 23 years, inclusive of a two-year construction period, and will commence upon fulfilment of several conditions precedent. This includes the award of the LSS5 project by the Energy Commission and execution of the PPA with TNB. Samaiden group managing director Datuk Ir. Chow Pui Hee said the site offers strategic advantages for solar development and the trust and collaboration extended by both the state government and PKINK help to realise the project In addition to the power facility, Samaiden will also prioritise local hiring and promote renewable energy awareness within the surrounding community. The lease agreement is expected to contribute positively to the local economy by creating job opportunities and fostering knowledge exchange in the renewable energy sector.