The report noted that the aggressive bidding without firm power purchase agreements (PPAs) and the reliance on expensive imported coal could lead to financial unsustainability, reminiscent of the 2008 crisis
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The project is targeted for implementation in 24 months
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The minister also addressed the challenges of integrating variable renewable energy sources into the grid, emphasising the need for advanced storage solutions
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The key investments include a capacity expansion of the large power transformers factory, upgraded testing capabilities for speciality transformers at the small power transformers
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The electricity volume, which includes green electricity, reached 10,332 MU, reflecting a 21 per cent YoY increase, while renewable energy certificates (REC) surged to 1,031 MU, doubling the volume from the same period last year
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According to L&T, the projects, considered mega orders, include HVDC transmission systems and GIS, key elements in modernising and interconnecting regional grids in Saudi Arabia and the UAE
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The Pang-Kaithal HVDC Project, located at an elevation of 15,760 feet, is a crucial step in securing energy supplies for Ladakh while integrating solar power from the region into India's national grid
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Khavda IVA Power Transmission, set up by RECPDCL to evacuate 7 GW of renewable energy from the Khavda RE park, has been acquired by AESL to execute the project
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