SJVN has invited bids to select developers to set up 1,200 MW of Interstate Transmission System (ISTS)-connected wind-solar hybrid power projects in India. The last date for submitting bids is August 28, 2024. Bids will be opened on August 30. Bidders have to submit ₹29,500 (~$353) as the cost of the tender document and ₹1.5 million (~$17,955) +18% GST as the bid processing fee. They must submit an earnest money deposit of ₹1.22 million (~$14,603)/MW of the quoted capacity. SJVN will engage in a power purchase agreement with successful bidders to procure power for 25 years. The power obtained from these projects by SJVN is intended for sale to various entities within India.

Central Mine Planning & Design Institute, a subsidiary of Coal India, has invited bids for design, engineering, procurement and supply, construction and erection, testing, and commissioning of a grid-connected 70 MW solar power project with ten years of comprehensive operation and maintenance for Western Coalfields, Nagpur, at Nandan Kanhan Washery area. The last date for submitting bids is August 16, 2024. Bids will be opened on August 19. The work will commence within 30 days from the issue of the letter of acceptance and submission of performance security or seven days after handing over the site for the first activity.

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 30% year-over-year increase (YoY) in profit after tax for the first quarter (Q1) of the financial year 2024-2025 to ₹3.84 billion (~$46 million) from ₹2.95 billion (~$35.4 million). The profit growth was primarily driven by the consistent expansion of the company’s loan book and a significant reduction in its net non-performing assets. IREDA’s total income in Q1 was recorded at ₹15.11 billion (~$181.3 million), a 32% YoY increase from ₹11.43 billion (~$137.2 million). At the end of the quarter, the lender’s loan book recorded a 33.77% YoY increase to ₹631.50 billion (~$7.58 billion) from ₹471.22 billion (~$5.65 billion). IREDA’s net worth saw a 44.8% YoY increase to ₹91.10 billion (~$1.09 billion).