MARCH 202319A power purchase agreement (PPA) for 6.42 megawatts (MW) of wind-solar generation capacity in Karnataka was announced by JK Cement and CleanMax, a C&I renewable energy company. The PPA is for 25 years and has a price that is 50 percent cheaper than the standard discom tariff, according to the official press release. CleanMax's wind-solar farm in Jagalur, Karnataka, will supply green energy to JK Cement's Muddapur mill there. "This wind-solar capacity consists of 3.3 MW of wind energy and 4.68 MW of solar energy. This is a small portion of a larger wind-and-solar farm that CleanMax has built in Karnataka. The farm's total installed capacity is 290 MW, made up of 145 MW of wind and 210 MWp of solar, resulting in a reduction in carbon emissions of 61,18,92 tonnes CO2 equivalent.Raghavpat Singhania, managing director of JK Cement, the company has raised its proportion of green energy from 19 to 43 percent during the past three years. He continued by saying that the long-term agreement with CleanMax is for their Muddapur facility, which has already achieved a renewable energy mix of over 85 percent. NTPC Green Energy (NGEL) received 15 renewable energy assets from the power company for a payment of Rs.10,066.99 crore, according to the power company. Also, a regulatory filing states that the business sold NGEL its whole ownership in NTPC Renewable Energy for Rs.731.17 crore. NTPC, a business transfer agreement signed on July 8th, 2022, has successfully transferred 15 renewable energy assets to NGEL, a wholly-owned subsidiary. Rs.10,066.99 crore in total was the compensation for the transfer of the 15 assets, it continued.Further, the company completed the transfer of 100 percent equity shareholding in NTPC Renewable Energy to NGEL through a share purchase agreement. The consideration for the stake transfer was Rs.731.17 crore and the pact was executed on July 8th, 2022, as per the filing.NTPC's RE projects add up to 2,861 megawatts (MW), which includes 14 solar power projects of 2,811 MW and a wind power project of 50 MW. Out of the 15 projects, 13 projects (2,261 MW) are fully operational and the remaining two projects are partly operational (operational capacity 350 MW out of 600 MW) taking the Cumulative Operational Capacity to 2,611 MW as on date. These 15 RE projects have firm PPA tie-ups for 100 percent capacities with State Discoms and CPSEs. INDIA'S LARGEST HYDRO PROJECT RECEIVES CABINET PERMISSION FROM NHPC FOR AN INVESTMENT OF RS.1600 CRORENTPC COMPLETES TRANSFERS 15 RENEWABLE ENERGY ASSETS TO NGEL FOR RS.10,000 CRORENEWS
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