Power Sector Developments and Green Energy Initiatives in India
Key Ideas
  • The Gujarat Electricity Regulatory Commission has introduced new Multi-Year Tariff Regulations, 2024, to enhance transparency and efficiency in tariff-setting processes for electricity in Gujarat.
  • SECI is seeking bids for a 200 MW solar project in Madhya Pradesh, encouraging investments in renewable energy infrastructure.
  • Apraava Energy has won a contract to construct a transmission system in Rajasthan to support the evacuation of renewable energy, promoting green energy initiatives.
  • Numaligarh Refinery in Assam has issued a tender for a green hydrogen generation unit, signaling a shift towards sustainable energy production and supply.
The Gujarat Electricity Regulatory Commission (GERC) has announced the implementation of the Multi-Year Tariff (MYT) Regulations, 2024, aiming to streamline the tariff-setting process for electricity in Gujarat from 2025 to 2030. These regulations are designed to ensure transparency and efficiency while fostering improvements in the electricity sector. In parallel, Solar Energy Corporation of India (SECI) has initiated a bidding process for a significant 200 MW solar project in Madhya Pradesh, promoting investments in solar energy infrastructure. Additionally, Apraava Energy has secured a project to establish a transmission system in Rajasthan, facilitating the transmission of 5.5 GW of power from renewable energy zones. This project aligns with the country's green energy objectives. Furthermore, Numaligarh Refinery in Assam has released a tender for a 1,000 MTPA green hydrogen generation unit, underscoring the shift towards sustainable energy practices. The tender encompasses the design, construction, and maintenance of the green hydrogen unit. Lastly, the Gujarat Industries Power Company is inviting bids for the supply of modules for a substantial 500 MW solar project in the Great Rann of Kutch. This initiative reflects the growing focus on renewable energy in India, encouraging the adoption of solar power technology.
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