Tata Power Renewable Energy (TPREL) has won a contract to develop a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL). This project marks TPREL’s largest renewable energy venture in Maharashtra to date. The project awarded to TPREL includes an original contracted capacity of 200 MW and a greenshoe option for an additional 200 MW capacity. This hybrid power project is expected to be completed within 24 months of signing the power purchase agreement between TPREL and MSEDCL. The electricity generated by the hybrid project will be supplied to MSEDCL. The project will contribute to Maharashtra’s Renewable Purchase Obligation targets and enhance the state’s renewable energy portfolio.

NTPC Green Energy, a subsidiary of NTPC, has filed a draft red herring prospectus (DRHP) to raise ₹100 billion (~$1.19 billion) through an Initial Public Offering (IPO). The IPO will comprise a fresh issue of up to 10,000 equity shares of face value of ₹10 (~$0.119), each aggregating up to ₹100 billion (~$1.19 billion). There is no offer for sale in this IPO. The IPO will offer a quota for existing shareholders of NTPC with a maximum of 10% of the issue. The net proceeds will be invested in NTPC Renewable Energy (NREL) to repay/prepay, in whole or in part, certain outstanding borrowings availed by NREL amounting to ₹75 billion (~$895.78 million). The remaining ₹25 billion (~$298.59 million) will be used for general corporate purposes, including funding of strategic initiatives, partnerships, joint ventures and acquisitions, capital expenditure, interest payment, and business development initiatives.

NTPC Vidyut Vyapar Nigam (NVVN), a wholly-owned subsidiary of NTPC, has issued tenders for the selection and discovery of the lowest rates for rate contracts for the engineering, procurement, and construction of grid-connected rooftop solar systems of various capacities on government and private buildings. The scope of work covers the design, engineering, supply, construction, erection, testing, and commissioning, preliminary visual assessment of the roof, water arrangements, electricity, security, and determining optimal capacity to set up the rooftop solar systems.

PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation (PFC), has invited bids to select a transmission service provider to establish an inter-state transmission system (ISTS) to evacuate 3 GW of renewable energy from the Raghanesda area in Gujarat under Phase I. The last date to submit bids is November 19, 2024. Bidders must furnish an earnest money deposit of ₹176 million (~$2.1 million). A 765/400 kV Raghanesda Gas Insulated Substation (GIS) is proposed to evacuate the 3 GW capacity from the Raghanesda region in Banaskantha district.

Power Grid Corporation of India (PGCIL) has won an inter-state transmission system project to evacuate 5.5 GW of renewable energy from the Jaisalmer/Barmer Complex. REC Power Development and Consultancy conducted the tariff-based competitive bidding process to establish the “Transmission System for evacuation of power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex): Part H1” on a build, own operate and transfer basis. The project involves establishing a new 765/400/220 kV substation at Kurawar, 765 kV & 400 kV D/C Transmission Lines, and associated bay extension works at other existing substations in Madhya Pradesh.

The REC Power Development and Consultancy has invited bids to set up an Inter-State Transmission System to evacuate up to 3.5 GW of renewable energy from Lakadia in Gujarat. The last date to submit bids is November 11, 2024. Bids will be opened on the same day. The project must be completed within 18 months. The scope of work covers developing the Transmission System for Augmentation of Transformation Capacity at 765/400 kV Lakadia S/s (WRSS XXI (A) TRANSCO LTD) in Gujarat – Part B through a competitive bidding process. The transmission system would facilitate the integration of 2.5 GW power beyond 1 GW from various renewable energy projects in Lakadia REZ.