India Plans 100 GW Nuclear Power Expansion By 2047;Bihar Invites Bids For 500 MWh Battery Storage Project With ?135 Crore VGF Support and More...

India is taking significant steps toward expanding its nuclear energy capacity, recognizing its importance in achieving the country’s Net Zero goal. At a post-budget webinar organized by NITI Aayog, Union Minister Dr. Jitendra Singh emphasized that nuclear energy will play a critical role in India’s clean energy transition. He highlighted the Union Budget 2024-25’s vision for nuclear power expansion, setting a target of 100 GW by 2047.

Bihar State Power Generation Company Limited (BSPGCL) has invited bids for the development of a 500 MWh standalone Battery Energy Storage System (BESS) under a Tariff-Based Competitive Bidding (TBCB) process. The project is aimed at strengthening the power infrastructure in Bihar with Viability Gap Funding (VGF) support and will be implemented under the Build-Own-Operate-Transfer (BOOT) model. The selected developer will be responsible for the installation, operation, and maintenance of the BESS.

Noida Power Company Limited (NPCL) has filed a petition seeking approval for the Power Purchase Agreement (PPA) and adoption of tariff for a 300 MW Interstate Transmission System (ISTS) connected Wind-Solar Hybrid Power Project. The project was awarded through a transparent Tariff-Based Competitive Bidding (TBCB) process in line with the Ministry of Power’s guidelines issued on August 21, 2023. NPCL aims to procure hybrid renewable power to meet its Renewable Purchase Obligation (RPO) under the applicable regulations.

Uttar Pradesh Power Corporation ( Uppcl ) has filed a petition seeking approval for a Supplementary Power Purchase Agreement (SPPA) for a 50 MW solar power project in Shahajahapur, Uttar Pradesh. The petition has been submitted under Section 86(1)(a) & (b) of the Electricity Act, 2003, along with Regulation 15 of the UPERC (Conduct of Business) Regulations, 2019. The SPPA was executed on July 18, 2024, following an order from the National Company Law Tribunal (NCLT) dated March 19, 2024, approving the amalgamation of Essel Urja Pvt. Ltd. (EUPL) with Adani Green Energy Twenty-Three Ltd. (AGETTL).