India's Minister for Finance, Nirmala Sitharaman, has announced ambitious plans for nuclear energy development in the 2024-25 Federal Budget, signaling a major shift in the country's energy strategy. The government intends to collaborate with the private sector to research, develop, and deploy Small Modular Reactors (SMRs), in nuclear power generation....
India Floats Tender for 9 Gigawatt-Hours of Energy Storage Capacity
NTPC Renewable Energy Limited, a wholly-owned subsidiary of state-owned National Thermal Power Corporation (NTPC) launched a tender for at least 1.5 GW/9 GWh of cumulative energy storage capacity. NTPC Renewable Energy Limited houses all renewable energy assets developed and owned by the parent. The storage project needs to be connected to...
India to Initiate Dollar Bidding for Solar Contracts
PV Magazine reports that India’s government is ready to introduce its first U.S. dollar bidding process for solar tenders in an effort to attract greater overseas investment and cut development costs in the country. State-owned National Thermal Power Corporation, will award tenders for between 500MW-1GW this month, Ministry of New...