NTPC Renewable Energy Wins Solar Power Project from UPPCL

10 Jan 2025 CW Team

NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy (NGEL), has emerged victorious in securing a 1,000 MW solar power project from Uttar Pradesh Power Corporation (UPPCL) through a competitive bidding process. The project was awarded at a tariff of Rs 2.56/kWh, with the letter of award from UPPCL expected to be issued shortly.

This win was part of UPPCL鈥檚 e-reverse auction conducted on January 3, 2025, aimed at selecting developers for 2,000 MW of ISTS-connected solar photovoltaic (PV) power projects across India. NTPC REL鈥檚 success in this bidding round reinforces its position as a leader in the solar energy sector and marks a significant milestone in NTPC鈥檚 overall renewable energy expansion strategy.

The development of this large-scale solar project aligns with India鈥檚 national objectives to increase its renewable energy capacity and reduce carbon emissions. NTPC鈥檚 continued success in securing renewable projects highlights its strong capabilities in bidding for and executing large-scale clean energy initiatives.

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..