2022’s First Big Tender Is SECI’s 1200 MW Tranche XIII Wind Tender Updated On Thu, Jan 13th, 2022 by Saurenergy In its first big tender for 2022, the Solar energy Corporation of India (SECI) has gone with wind, inviting bids to develop 1,200 MW of interstate transmission system (ISTS)-connected wind power projects (Tranche XIII). The tender leaves the onus of identifying and arranging land on the bidders, a factor that has caused immense delays in […] Read more
Azure Power Commissions 600 MW Project In Rajasthan Updated On Tue, Jan 4th, 2022 by Saurenergy NYSE listed Azure Power yesterday announced the successful commissioning of its largest project- 600 MWs Interstate Transmission System (ISTS) connected solar project, allocated by Solar Energy Corporation of India (SECI). The project is in Bikaner, Rajasthan and the power generated from the project will be supplied to SECI at a tariff of INR 2.53 (~US 3.5 cents) […] Read more
Sterlite Power Acquires Nangalbibra-Bongaigaon ISTS Project from PFC Updated On Tue, Dec 28th, 2021 by Saurenergy New Delhi-based Sterlite Power Transmission Limited has announced the acquisition of Nangalbibra ─ Bongaigaon Transmission Limited, a Special Purpose Vehicle (SPV), from PFC Consulting Limited. Through this SPV, the company will execute the inter-state transmission system (ISTS) project that it won through tariff-based competitive bidding in October 2021. The project involves setting up of ~300 […] Read more
Azure Power Inks 2333MW PPA with SECI Under 4GW Mfg-linked Projects Updated On Mon, Dec 20th, 2021 by Saurenergy Azure Power has signed its largest ever Power Purchase Agreements (PPAs) with the Solar Energy Corporation of India (SECI) for a capacity of 2,333 MW of interstate transmission system (ISTS)-connected solar power projects under the 4 GW manufacturing linked projects, announced the company in a recent official statement. The news was expected since last week, […] Read more
Ayana Renewable Acquires 250MW Solar Assets from ACME in Rajasthan Updated On Thu, Dec 16th, 2021 by Saurenergy ACME Solar Holdings Private Ltd will divest 100% equity stake in its 250 MWac solar PV power plants, located in Rajasthan, to Bengaluru-based renewable energy platform Ayana Renewable Power Private Ltd, following the signing of a new deal between the two companies. With this transaction with ACME, Ayana, which is majority controlled by the National […] Read more
MoP Approves 23 New ISTS Projects Worth ₹15,893 cr Updated On Fri, Dec 10th, 2021 by Saurenergy The Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) has approved 23 new Inter State Transmission System (ISTS) projects with an estimated cost of Rs 15,893 crore. The new ISTS projects comprise 13 projects with an estimated cost of Rs 14,766 to be developed under Tariff Based Competitive Bidding (TBCB) […] Read more
US Firms Malta, Bechtel to Jointly Explore New Energy Storage Projects Updated On Thu, Dec 2nd, 2021 by Saurenergy Malta Inc., a Massachusetts-based developer of grid-scale, long-duration energy storage, and Bechtel Corporation, an engineering, construction, and project management company based in Virginia, are teaming up to pursue new energy storage projects around the world. The companies will work together to develop and deploy Malta’s 10-150+ hour energy storage technology in a variety of grid-scale […] Read more
Power Ministry Issues Order Extending ISTS Benefits to BESS, Pumped Storage Projects Updated On Thu, Nov 25th, 2021 by Saurenergy In an order dated November 23, the Ministry of Power of the Government of India has notified key changes to its existing orders allowing waiver of ISTS (Inter State Transmission Charges) on Wind and Solar Sources. In the latest version, for Wind, Solar, Hydro PSP (Pumped Storage Projects) and BESS projects commissioned upto 30.06.2025, the […] Read more
Tech Firm Lancium Raises $150M to Advance Decarbonisation Solutions Updated On Wed, Nov 24th, 2021 by Saurenergy Lancium Technologies Corporation, a technology firm focused on energy transition, has announced that it has closed $150 million in financing from leading energy companies and investors. Hanwha Solutions, a South Korean provider of clean energy solutions and owner and operator of Q CELLS, led this financing round. Lancium also received support from Novawulf and other […] Read more
