<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Gujarat Urja Vikas Nigam Ltd Archives • The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/tag/gujarat-urja-vikas-nigam-ltd/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/tag/gujarat-urja-vikas-nigam-ltd/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Mon, 29 Jul 2024 09:53:19 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>Gujarat Urja Vikas Nigam Ltd Archives • The Electricity Hub</title> <link>https://theelectricityhub.com/tag/gujarat-urja-vikas-nigam-ltd/</link> <width>32</width> <height>32</height> </image> <item> <title>JSW Energy Arm Obtains LOI for 192 MW Grid Connected Project in Gujarat</title> <link>https://theelectricityhub.com/jsw-energy-arm-obtains-loi-for-192-mw-grid-connected-project-in-gujarat/</link> <comments>https://theelectricityhub.com/jsw-energy-arm-obtains-loi-for-192-mw-grid-connected-project-in-gujarat/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Mon, 29 Jul 2024 09:53:05 +0000</pubDate> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Gujarat Urja Vikas Nigam Ltd]]></category> <category><![CDATA[JSW Energy]]></category> <category><![CDATA[Renewable Energy]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=90570</guid> <description><![CDATA[<p>JSW Energy has stated that its wholly-owned subsidiary, JSW Neo Energy, has received a letter of intent from Gujarat Urja Vikas Nigam Ltd to establish a 192 MW grid-connected hybrid… </p> <p>The post <a href="https://theelectricityhub.com/jsw-energy-arm-obtains-loi-for-192-mw-grid-connected-project-in-gujarat/">JSW Energy Arm Obtains LOI for 192 MW Grid Connected Project in Gujarat</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>JSW Neo Energy has received a letter of intent from Gujarat Urja Vikas Nigam Ltd to establish a 192 MW grid-connected hybrid power plant.</li> <li>JSW Energy noted that it had a total locked-in generation capacity of 16.2 GW, with 7.5 GW operational and 2.3 GW under development.</li> </ul> <p>JSW Energy has stated that its wholly-owned subsidiary, JSW Neo Energy, has received a letter of intent from Gujarat Urja Vikas Nigam Ltd to establish a 192 MW grid-connected <a href="https://theelectricityhub.com/?s=hybrid+power+plant">hybrid power plant</a>. The project also featured 96 MW under the green shoe option.</p> <p>The capacity was awarded in response to a tariff-based competitive offer for the development of 500 MW grid-connected hybrid power projects (Phase II), with a green shoe option for further capacity of up to 500 MW.</p> <p>Following the capacity award, the firm’s total locked-in generation capacity increased to 16.2 GW, which includes 2.1 GW of hybrid capacity. The corporation plans to construct 10 GW of generation capacity by FY25, up from 7.5 GW.</p> <p><a href="https://theelectricityhub.com/?s=JSW+Energy">JSW Energy</a> noted that it had a total locked-in generation capacity of 16.2 GW, with 7.5 GW operational, 2.3 GW under development in wind, thermal, and hydro, and a <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> pipeline of 6.3 GW. It also has 4.2 GWh of locked-in energy storage capability via a battery energy storage system and a hydro-pumped storage facility.</p> <p>The company intends to reach 20 GW of generation capacity and 40 GWh of energy storage capacity by 2030.</p> <p>Last week, JSW Neo Energy got two big orders for its renewable energy portfolio: a 300 MW solar power project at Pavagada Solar Park in Karnataka and a 500 MW ISTS-connected solar power project with 250 MW/500 MWh of Energy Storage Systems.</p> <p>The company recorded an 80 per cent year-on-year increase in net profit to ₹521.80 Crore for the first quarter ending June 30, 2024. JSW Energy’s net profit for the quarter was ₹289.90 Crore.</p> <p>Revenue from operations decreased by 1.7 per cent to ₹2,879.50 Crore, compared to ₹2,927.90 Crore in the previous fiscal year. EBITDA increased by 16 per cent to ₹1,417.90 Crore in the first quarter of this fiscal year, from ₹1,222.10 Crore in the previous year.</p> <p>The EBITDA margin was 49.2 per cent in the reporting quarter, compared to 41.7 per cent in the first quarter of FY24.</p> <p>JSW Energy was trading 1.33 per cent lower at ₹684.35, against the previous close of ₹693.55 on NSE. The counter touched an intraday high and low of ₹702.70, and ₹680.70, respectively.</p> <p>The post <a href="https://theelectricityhub.com/jsw-energy-arm-obtains-loi-for-192-mw-grid-connected-project-in-gujarat/">JSW Energy Arm Obtains LOI for 192 MW Grid Connected Project in Gujarat</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/jsw-energy-arm-obtains-loi-for-192-mw-grid-connected-project-in-gujarat/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>