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PGCIL signs green loan agreement with SMBC for RE integration

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Power Grid Corporation of India Limited (PGCIL) has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat.  The agreement, denominated in JPY for the US dollar equivalent of $200 million with a greenshoe option of $150 million, will support critical infrastructure development for renewable energy (RE) evacuation and integration into the National Grid. The agreement was signed by Sh. Ashwani K. Gupta, ED (Finance), POWERGRID, Sh. Sriram Kumondur,…

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CERC grants transmission licence to Khavda IV A Power Transmission

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The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Khavda IV A Power Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL).  The licence, effective for 25 years unless revoked earlier, covers the development of an interstate transmission system (ISTS) for the evacuation of power from a renewable energy zone in Gujarat’s Khavda area. The project, known as the “Transmission system for evacuation of power from potential renewable energy zone in…

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PLI, RE incentives for ‘Green Steel Mission’ to decarbonise steel industry

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The government is working on a Rs 150 billion ‘Green Steel Mission’ to reduce carbon emissions in the steel sector, which currently contributes 10-12 per cent of the country’s total emissions.  The mission includes a production-linked incentive (PLI) for green steel, incentivising renewable energy adoption, and mandating green steel procurement by government bodies. These measures aim to align with India’s decarbonisation goals, with the Ministry of Steel collaborating with the Ministry of New and Renewable…

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Aether Industries commissions 15 MW solar project in Gujarat

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Aether Industries has commissioned a 15 MW solar power project in Bharuch, Gujarat, in partnership with KPIG Energia, a subsidiary of KPI Green Energy.  The project, under the captive power producer segment, features advanced auto-tracker modules that optimize energy output by aligning with the sun’s trajectory. This installation aligns with Aether Industries’ Environmental, Social, and Governance (ESG) goals and is expected to save over Rs 150 million annually in energy costs while significantly reducing its…

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Waaree Energies leads with EPD-certified ultra-low-carbon solar panels

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Waaree Energies has become the first Indian solar panel manufacturer to publish independently verified Environmental Product Declarations (EPDs) for its bifacial mono PERC and TOPCon solar panels.  Certified by The International EPD System, these declarations showcase Waaree’s commitment to reducing environmental impact. The TOPCon panels, classified as ultra-low-carbon products, offer 600Wp power and 22.03 per cent efficiency with a lifecycle carbon footprint of 0.368 kg CO2 eq./Wp. The 550Wp mono PERC panels, with 21.36 per…

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Promax Power wins contract for 132/33 kV substations

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Promax Power has secured a Rs 554.3 million contract to design, supply, erect, test, and commission 132/33 kV substations and associated 132 kV bays. The project includes developing four 132 kV substations with fully equipped control room buildings, installing four 132/33 kV 31.5 MVA transformers, and constructing three 132 kV substation bays.

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KP Green Engineering secures Rs 1.66 billion in orders across sectors

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KP Green Engineering has received orders worth Rs 1.66 billion from multiple clients, reflecting its expanding market presence and diversified portfolio. The company has secured solar project contracts worth Rs 1 billion to supply fixed tilt module mounting structures, tracker-type mounting structures, and structural components.  It has also won a Rs 391 million order for 220 kV to 400 kV transmission tower materials, substation structures for 33 kV and 66 kV setups, hardware, cable trays,…