Rajasthan Urja Vikas and IT Service Ltd Initiates Bidding for 3200 MW Thermal and 8000 MW Solar Power;REC Limited to Establish Subsidiary and More...

Rajasthan Urja Vikas and IT Service Limited (RUVITL) plans to secure procurement of thermal power up to 3200 MW capacity and solar power up to 8000 MW capacity through a Tariff-based Competitive Bidding Process.

REC Limited , a prominent Maharatna Central Public Sector Enterprise under India’s Ministry of Power, has obtained approval from the Reserve Bank of India to establish a wholly owned subsidiary at the Gujarat International Finance Tec-City (GIFT), Gandhinagar. The RBI’s ‘No Objection Certificate’ for the expansion was issued on May 3, 2024.

SJVN LIMITED is seeking proposals from Solar Power Developers for the establishment of 1200 MW ISTS-connected Solar Power Projects across India through Tariff-Based Competitive Bidding. SJVN plans to enter into a Power Purchase Agreement (PPA) with the selected bidders for a 25-year period based on the terms of the Request for Selection (RfS) and the PPA. The minimum project capacity a bidder can propose is 50 MW, while the maximum is 600 MW. The total cumulative capacity to be awarded is 1200 MW.

Avaada Energy, the renewable energy arm of the Avaada Group , has announced the securing of a green financing deal worth approximately INR 1,190 crore (around USD 143 million) from the State Bank of India (SBI), India’s largest public sector lender. This financing will facilitate the development of a 400 MWp solar photovoltaic power project in Gujarat’s Surendra Nagar district.

The Ministry of Railways has released a Request for Qualification (RFQ) and Request for Proposal (RFP) for the implementation of solar photovoltaic (PV) projects, inviting credible agencies to bid for the development of solar power systems. The tender was issued on May 3, 2024.

India is making significant strides in the field of solar energy, leveraging the potential of its abundant sunshine. A key player in this scenario is Azure power which operates multiple solar power projects that contribute significantly to the country’s renewable energy capacity. One such initiative involves Azure Power Power Maple Private Limited and Azure Power Forty One Private Limited, two subsidiaries that have developed sizable solar projects in Rajasthan. These projects, each boasting a capacity of 300 MW, form part of a broader strategy to boost clean energy production across the region.