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Ashoka Buildcon to invest Rs 90 billion in green hydrogen project in Bihar

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Ashoka Buildcon plans to invest Rs 90 billion in establishing a green hydrogen plant in Bihar. The company has signed a memorandum of understanding with the Bihar government for the project. The plant will include a 1,250 MW solar project to produce clean electricity for generating green hydrogen through water electrolysis.  The first phase, located in Begusarai, Bihar, is expected to be commissioned within 1.5 to 2 years after obtaining the necessary clearances. The second…

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Sterling and Wilson secures Rs 12 billion solar contracts in Gujarat

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Sterling and Wilson Renewable Energy Limited (SWREL) has won a Rs 12 billion contract for a 500 MW AC solar photovoltaic project in Gujarat.  The project includes design, engineering, procurement, and construction (EPC) for the Balance of System (BOS) and a three-year operations and maintenance (O&M) contract. This month, SWREL secured a Rs 5.04 billion contract to develop a 305 MW AC / 396 MWp DC solar photovoltaic plant in Rajasthan. Awarded by an independent…

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TPREL and Canara Bank partner to promote rooftop solar systems

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Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme.  For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure.  For systems between 3 kW and 10 kW, loans up to Rs 600,000 are offered with a 20 per…

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HPERC issues banking regulations under green energy open access policy

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The Himachal Pradesh Electricity Regulatory Commission (HPERC) has notified banking regulations under its Green Energy Open Access Policy.  It permits consumers to bank up to 30 per cent of their monthly electricity consumption procured from the distribution licensee. Banking charges are set at 8 per cent of the banked energy, adjusted in kind. The distribution licensee must establish a detailed banking procedure and model agreement within 30 days of notification. The policy defines green energy…

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Ganesh Green Bharat wins Rs 571.2 million solar projects contract

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Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra.  The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.

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Desein wins consultancy contract for 800 MW RGTPP expansion

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Desein Private Limited has secured a Rs 55.93 million contract to provide detailed project consultancy for the 800 MW expansion of the Rajiv Gandhi Thermal Power Project (RGTPP).  Haryana Power Generation Corporation Limited (HPGCL) issued bids for this consultancy in June 2024. The 800 MW coal-based ultra-supercritical expansion will be built in Khedar, Hisar district, Haryana, at an estimated cost of Rs 72.5 billion. RGTPP, initially implemented with 2×600 MW subcritical technology, commissioned Unit I…

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Lloyd Metals to form SPVs for 100 MW solar power

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Lloyd Metals and Energy Limited plans to form two special purpose vehicles (SPVs) with Amplus Energy Solutions and Hinduja Renewables Energy for procuring 100 MW solar power for its captive use.  The company will invest Rs 250 million and Rs 270 million to acquire a 26 per cent stake in the SPVs with Amplus Energy and Hinduja Renewables, respectively. The SPVs will develop and operate captive solar plants, ensuring sustainability and cost efficiency.  Lloyd Metals…

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Kovalam Investment approves solar projects in Madhya Pradesh

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The Board of Directors (BoD) of Kovalam Investment and Trading Company Limited has approved an investment for setting up decentralised solar power projects in Madhya Pradesh.  The decentralised solar power projects would be set up under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme of Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) in the state.