Ministry Revamps Solar Bidding Guidelines for Transparency
POWER & RENEWABLE ENERGY

Ministry Revamps Solar Bidding Guidelines for Transparency

The Ministry of Power has introduced new guidelines for bidding on grid-connected power projects. Designed to ensure transparency and fairness, they cover bid capacity limits, power procurement procedures, and penalties for delays, aiming to bolster energy sector stability and reduce risks. This encourages long-term power transactions between states. Apraava Energy has won two projects, facilitating a 40 GW energy transmission. This was achieved through the transfer of interstate transmission projects from PFC Consulting. Consequently, energy zones in Rajasthan will expand. The Gujarat Electricity Regulatory Commission's approval of tariffs from bidding underscores the sector's growth. The Q2 2023 successes of Sembcorp Industries, Bloom Energy, Stem, and Daqo New Energy Corporation spotlight the energy sector's evolution. Moreover, MIT's research has unveiled an innovative supercapacitor application, promising for energy source integration.

The Ministry of Power has introduced new guidelines for bidding on grid-connected power projects. Designed to ensure transparency and fairness, they cover bid capacity limits, power procurement procedures, and penalties for delays, aiming to bolster energy sector stability and reduce risks. This encourages long-term power transactions between states. Apraava Energy has won two projects, facilitating a 40 GW energy transmission. This was achieved through the transfer of interstate transmission projects from PFC Consulting. Consequently, energy zones in Rajasthan will expand. The Gujarat Electricity Regulatory Commission's approval of tariffs from bidding underscores the sector's growth. The Q2 2023 successes of Sembcorp Industries, Bloom Energy, Stem, and Daqo New Energy Corporation spotlight the energy sector's evolution. Moreover, MIT's research has unveiled an innovative supercapacitor application, promising for energy source integration.

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Real Estate

Suba Group Opens Clarion Hotel De Renees in Gangtok

Suba Group of Hotels has officially opened the doors to its newest property, Clarion Hotel De Renees Gangtok, marking a significant milestone in the brand’s expansion in Northeast India. Inaugurated by Tshering Thendup Bhutia, Minister of Tourism, Civil Aviation, Commerce and Industries for the State of Sikkim, the hotel is strategically located in Lower Sichey, offering seamless access to the heart of Gangtok.The launch of Clarion Hotel De Renees adds to Suba Hotels’ growing presence in India’s premium hospitality sector. With 38 upscale rooms, the hotel blends refined aesthetics with c..

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Infrastructure Urban

Storage Solutions Business of Godrej to Support India’s Quick Commerce Growth

The Storage Solutions Business of Godrej Enterprises Group is strengthening its capabilities to support the exponential rise in demand from India’s fast-paced quick commerce sector, in addition to its strong presence across e-commerce, retail, and third-party logistics (3PL). As India's warehousing landscape evolves, Godrej Enterprises Group is empowering businesses with intelligent, tech-integrated solutions that are faster, more adaptive, and built for the future.Vikas Choudaha, Business Head, Storage Solutions Business of Godrej Enterprises Group, said “With over 10 million sq ft of mot..

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Infrastructure Urban

Tata to Establish Rs 32.73 Bn IT Park in Whitefield, Bengaluru

The Karnataka Government has granted approval to Tata Realty and Infrastructure Limited (TRIL) to establish a cutting-edge IT and ITES business park in Bengaluru, entailing an investment of Rs 32.73 bn. The forthcoming Tata Intelion Park will be situated within the Doddanekkundi Industrial Area in Whitefield, spanning 25.5 acres. The development is projected to generate employment opportunities for approximately 5,500 individuals. TRIL acquired the land from Graphite India Limited in August 2023 at a cost of Rs 9.86 bn. The park will comprise infrastructure for IT, retail, and associated ser..

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