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CCI approves Gentari Renewables India’s acquisition of 21 SPVs

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The Competition Commission of India has approved Gentari Renewables India’s acquisition of 21 special purpose vehicles (SPVs) and holding companies engaged in solar and wind power generation and sales.  Gentari Renewables India, a subsidiary of Petroliam Nasional Berhad (Petronas), is focused on providing clean energy solutions, including renewable energy, hydrogen, and green mobility.  In December 2024, Gentari signed a power purchase agreement with AM Green Ammonia India to supply 650 MW of round-the-clock renewable energy,…

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Oben Electric raises $5.82 million in Series A funding

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Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices.  The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio.  The Bengaluru-based electric bike startup currently sells its motorcycle…

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EMO Energy raises $6.2 million in Series A funding

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EMO Energy has secured $6.2 million in its Series A funding round, led by Subhkam Ventures with participation from Transition VC.  The funds will be used to scale the company’s advanced battery solutions for electric vehicles (EVs) and energy storage systems. The company plans to deploy its services across 100,000 two- and three-wheeler vehicles over the next two years and roll out 1 GWh of energy storage systems.  A portion of the funding will support…

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Teerth Gopicon and Reliance Industries awarded SJVN’s tender

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Teerth Gopicon and Reliance Industries have secured SJVN’s tender to develop 5,830 kW of grid-connected solar projects under the PM Surya Ghar: Muft Bijli Yojana.  Teerth Gopicon was awarded 5,705 kW, and Reliance Industries 125 kW.  The projects, aimed at installing solar systems on union government buildings across Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan, will be implemented under the renewable energy service company model.  The Ministry of New and Renewable Energy…

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Sun Drops Energia to develop 32.15 MW solar power projects

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Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, has received a Letter of Intent (LoI) for the development of 32.15 MW of solar power projects under the Captive Power Producer (CPP) segment in India.  The projects were awarded by various companies, including Aditya Ultra Steel, Suraj Dyeing and Printing, Sunita Processors, and several others. The solar projects are expected to be completed under various tranches during FY 2026.

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Purvah Green receives LoA for 300 MW Hybrid Power Projects

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Purvah Green Power Private Limited, a subsidiary of CESC Limited, has received a Letter of Award (LoA) from CESC for developing 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects in India.  The projects were part of a bidding process initiated by CESC in November 2024, offering a greenshoe option for an additional 150 MW capacity. The scope of work includes land identification, project installation, and securing necessary approvals and connectivity with the ISTS…

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NHPC resumes construction on Parbati Hydro Electric Project

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NHPC Limited has resumed construction work on the Parbati Hydro Electric Project Stage-II, which had previously faced roadblocks due to local opposition.  The project, located on the Beas River in Kullu District, Himachal Pradesh, involves establishing an 800 MW capacity and is being developed with an investment of Rs 98.97 billion. It is situated approximately 260 km from Chandigarh.

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PFCCL incorporates SPV for Anantapur II REZ Transmission System

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PFC Consulting Limited (PFCCL) incorporated Anantapur II REZ Transmission Limited, a special purpose vehicle (SPV) for developing the Transmission System for integration of Anantapur-II REZ (Phase-I: 4.5 GW), on January 7, 2025. PFCCL has also been appointed as the bid process coordinator (BPC) for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process.

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Opposition rises against nuclear power plant in Koppal

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The survey for a proposed Nuclear Power Plant (NPP) near Arasinakeri Bear Sanctuary and Hirebenkala Megalithic sites in Koppal, Karnataka, has faced local opposition due to concerns over environmental impacts and the preservation of heritage sites. The proposed project aims to use 485.62 hectares of land in Gangavati taluk near Chikka Benakal. A report on the land survey has already been submitted to the Koppal district administration. Despite the Central Government’s plan to implement the…

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NTPC forms SPV to develop nuclear power plants

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On January 7, 2025, NTPC Limited incorporated NTPC Parmanu Urja Nigam Limited (NPUNL), a special purpose vehicle (SPV) for the implementation of Nuclear Power Plants (NPPs).  The Ministry of Power (MoP) has confirmed the approval for the SPV formation, with concurrence from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog. The NPUNL will focus on planning and executing an integrated program to harness nuclear energy for commercial electricity generation and other…