SECI's 2.5 GW grid-connected renewable project awarded to five bidders

18 Oct 2021 CW Team

The Solar Energy Corporation of India's (SECIs) auction of 2.5 GW round-the-clock (RTC) grid-connected renewable energy projects has been won by Hindustan Thermal Projects, JSW Neo Energy, ReNew Samir Urja, Greenko Energies and Power Mech Projects.

Of all the five, the lowest bidder, Hindustan Thermal Projects, quoted Rs 3.01 per unit for supplying 2.5 GW electricity. According to the bidding document, the bidder will have to match the L1 tariff to acquire the contract.

Greenko Energies quoted Rs 3.18 per unit for supplying 1,001 MW electricity, ReNew Samir Urja quoted Rs 3.19 apiece for 600 MW electricity, Power Mech Projects quoted Rs 3.30 per unit. Lastly, JSW Neo has quoted Rs 3.45 apiece for 600 MW electricity.

SECI has called for the Expression of Interest (EoI) for the procurement of a 1000 MWh battery storage system. A pre-bid conference was also scheduled for 28 October, and then the tender would be floated in November.

India has planned to use a battery storage system to promote renewable energy, maximise the use of the transmission systems and merchant capacity by the energy storage system developer for selling in the power market.

Also read: India on track to reach 450 GW RE capacity by 2030: Power ministry

Real Estate

21 May 2025

Kolkata鈥檚 luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Infrastructure Transport

21 May 2025

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Infrastructure Transport

21 May 2025

Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..