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Tion Renewables acquires 104MW solar portfolio in Spain from EDPR

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Tion Renewables Group has completed a deal with EDP Renováveis (EDPR) to acquire a 104MW solar portfolio in Spain. The financial terms of the deal have not been disclosed. The portfolio consists of four operational solar parks: one in Aragon, which has been running since mid-2022, and three in Andalusia, which became operational in November 2024. The projects are secured with 15-year power purchase agreements (PPAs). The deal is subject to regulatory approvals and closing…

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Rajasthan signs MoUs worth Rs 104.5 billion for renewable energy projects

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The Government of Rajasthan (GoR) has signed Memorandum of Understandings (MoUs) valued at Rs 104.5 billion with Prudential Sugar Corporation Limited and Oriana Power Private Limited for renewable energy (RE) projects under the “Rising Rajasthan Global Investment Summit 2024.” The MoUs include: An MoU worth Rs 4.5 billion with Prudential Sugar for the establishment of a 100 MW solar park, expected to be commissioned by 2026. An MoU worth Rs 100 billion with Oriana Power…

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NHPC partners with BEML to develop solutions for hydro plants

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NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants.  These solutions will also help mitigate urban waterlogging during monsoons by clearing canals and culverts and support dredging operations in inland waterways, coastal areas, ponds, and lakes. The companies have signed a memorandum of understanding (MoU) for strategic cooperation in this area. Upon successful implementation in pilot projects, the solutions are expected to be expanded across other…

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RMC Switchgears to supply 5,000 solar pumps in Maharashtra

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RMC Switchgears has received a letter of acceptance (LoA) from a system integrator for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra.  The project, valued at Rs 900 million, includes 3HP, 5HP, and 7HP solar pump systems, with completion expected by FY26. This follows RMC’s decision to invest Rs 1,000 million in establishing a solar module manufacturing plant in Jaipur, Rajasthan, aimed at reducing reliance on external suppliers and meeting growing demand…

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FGD retrofitting in thermal power plants reaches 11% of total capacity

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The retrofitting of thermal power plants with flue-gas desulphurization (FGD) units has reached only 11.1% of the total installed capacity, according to a report presented in Parliament. Union Power Minister Manohar Lal informed the Rajya Sabha on December 16, 2024, that FGD units have been commissioned in 44 thermal power plants, representing a combined capacity of 22,590 MW out of the total target of 2,04,160 MW across 537 units. Work on FGD retrofitting is underway…

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Modi Biotech to expand ethanol capacity with Rs 1 billion investment

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Modi Biotech Private Limited (MBPL), a subsidiary of Modi Naturals Limited, will invest Rs 1 billion to expand its ethanol production capacity.  The project will add 180 kilolitres per day (KLD) to the current 130 KLD, increasing the total capacity to 310 KLD. The expansion, featuring advanced infrastructure and technology, is expected to be completed in 8–10 months. This aligns with Modi Naturals’ diversification strategy, which focuses on ethanol manufacturing, consumer goods, and bulk edible…

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Sterlite Power raises Rs 7.25 billion to expand global operations

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Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first fundraising round since the company’s demerger. The round saw participation from GEF Capital Partners and ENAM Holdings. The capital will be used for ongoing capex, enhancing production capacity, developing new products, and expanding into international markets.