THE GRID- Dec'23 Edition

Welcome to The Grid – Your go-to source for the latest stories on needle-moving initiatives, policies and technological innovations in the power transmission and decarbonisation space.

INDUSTRY UPDATES

• Powering Up: Global Grid Needs Exponential Growth to Hit Climate GoalsAs per the recent IEA report on ‘Electricity Grids and Energy Transition’, the world will need more than 80 million Km of grids by 2040, equivalent of the entire existing global grid, to achieve climate goals.
• India at COP 28: Urges Stakeholders to Take a Pro-planet InitiativeIndia pitches for a global green credit initiative. Urges stakeholder to share ideas for developing a market mechanism for green credit.
• India's Energy Demand Projected to Skyrocket: 15% Rise in FY 2024-25CEA Report signals urgent need for resource adequacy approach with anticipated energy requirement recording a 15% increase and peak load 19% higher than current levels.
• Power Market Revolution in India: CERC Proposes Unified Electricity Exchange Platform CERC staff paper outlines plan for market coupling of three existing power exchange platforms to determine the equilibrium price of electricity. Owing to larger market volumes and higher number of buyers and sellers, an optimal market clearing price is expected. Optimal utilization of transmission infrastructure will help maximise overall efficiency gains.

COMPANY UPDATES

Find out all about Sterlite Power and Serentica’s latest projects that are enabling energy transition with a special focus on groundbreaking technologies.

• Arun Sharma takes charge as CEO of Sterlite Power’s Power Transmission BusinessWith more than 25 years of experience, Arun Sharma brings a wealth of project management expertise with him. Having served as the company's COO for the past two years since joining in 2018, Arun possesses an in-depth understanding of the company's operations and strategic objectives. In his new role, he will spearhead the development and execution of a comprehensive roadmap for the business.

MEGASTRUCTURES

Greening India: An Energy Corridor to a Greener Future

With the Lakadia-Vadodara Transmission Project, India is now on the fast track to unlocking 500 GW of renewable energy by 2030.

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BREAKTHROUGHS

Think Decarbonisation, Think Serentica: A Climate-Smart Solution for Indian Industries.

Serentica Renewables was born out of the pressing need to rescue India from its alarming climate crisis — a crisis exacerbated by the heavy use of fossil fuels. As a first-of-its-kind decarbonisation platform, Serentica offers the ideal solution for industrial giants in India, allowing them to move away from fossil fuels and make a seamless transition to clean energy.

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POWER TALK

Why Embracing Power Transmission Is Key to Tackling Climate Change?

"One of the biggest challenges for achieving energy transition is transmission grids. This is because the new renewable energy capacities that are coming up across the world will serve little purpose without the power transmission grids to connect the green energy produced in renewable rich areas to the renewable deficit corners of the country," writes Pratik Agarwal, Managing Director of Sterlite Power and Director, Serentica Renewables.

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SPOTLIGHT

Partnering for a Greener Tomorrow

KKR's Hardik Shah envisions a decarbonised future for India's industrial sector through a partnership with Sterlite Power.

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EMPOWER

EdIndia Foundation: Empowering India's Future Through Education and Innovation

In a quest to revolutionise education in India, EdIndia Foundation, Sterlite Power's CSR initiative, is harnessing the potential of edtech tools and data analytics. This visionary foundation is dedicated to enhancing the learning experiences of students nationwide.

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#HOWSTUFFWORKS

Sterlite Power Soars to New Heights: Harnessing Aerial Technology for Expediting Infrastructure Development

Energy infrastructure projects are no easy feat. Every project calls for innovative solutions tailored to the unique challenges of the terrain on which the transmission lines are being constructed. In this edition, we will delve into the world of aerial technology and explore how it has transformed the way energy infrastructure projects are executed in our country.

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