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ONGPL to acquire Ayana Renewable Power for Rs 195 billion

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ONGC NTPC Green Limited (ONGPL), a joint venture between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power for Rs 195 billion.  The agreement was finalized with the National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital. NIIF is the majority shareholder in Ayana. For this transaction, Deloitte Touche Tohmatsu India acted as…

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Karnataka signs MoUs worth over Rs 3.37 trillion for RE projects

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The Government of Karnataka (GoK) has signed multiple Memorandums of Understanding (MoUs) with various firms under the “Invest Karnataka-2025” summit to develop renewable energy (RE) projects in the state. The agreements, collectively valued at over Rs 3.37 trillion, focus on solar, wind, battery energy storage systems (BESS), and green hydrogen. Key MoUs signed: JSW Neo Energy Private Limited (subsidiary of JSW Energy Limited) – Rs 560 billion for solar, wind, BESS projects, and a wind…

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PSPCL awards contracts for 31.37 MW rooftop solar projects across Punjab

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Punjab State Power Corporation Limited (PSPCL) has issued Letters of Award (LoAs) to five firms for developing a total of 31.37 MW grid-connected rooftop solar photovoltaic (PV) projects under the capital expenditure (CAPEX) model. The projects will be installed across various locations in Punjab. Sugs Lloyd Private Limited secured contracts for multiple packages, including 5.113 MW on 199 buildings in Jalandhar (Rs 207.09 million), 3.019 MW on 92 buildings in Ludhiana (Rs 122.17 million), and…

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MEIL to invest Rs 103 billion in pumped storage project in AP

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Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh.  The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure.  Along with generating clean electricity, the initiative is expected to create over 3,000…

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THDC begins commercial operations at Unit I of Khurja Thermal Project

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THDC India Limited has commenced commercial operations of Unit I at the Khurja Super Thermal Power Project in Bulandshahr district, Uttar Pradesh.  The project, a joint venture between the Union Government and the Government of Uttar Pradesh, involves the development of two units of 660 MW each at an investment of Rs 110.89 billion. THDC declared the commercial operation date (COD) for Unit I as January 26, 2025. Earlier, on October 28, 2024, Unit I…

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Srikakulam supercritical power project faces local opposition

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The proposed 3,200 MW Srikakulam Super Critical Power Project by Sumitomo Corporation is facing strong opposition from local communities due to environmental concerns.  The thermal power plant, planned at Vennelavalasa village in Sarubujjili mandal of Amadalavalasa Assembly segment, is estimated to cost Rs 300 billion. Initially, tribals led protests against the project, citing threats to the environment and natural resources. They also expressed concerns that diverting water from the Vamsadhara project canals to the plant…

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L&T dispatches third steam generator for Kaiga nuclear plant expansion

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Larsen & Toubro Limited (L&T) has dispatched the third steam generator for the 1,400 MW Kaiga-Units 5 and 6 Nuclear Power Plant Project in Uttara Kannada, Karnataka. The project is being implemented by Nuclear Power Corporation of India Limited (NPCIL) as Phase III of the Kaiga facility. L&T had previously dispatched the second steam generator on July 12, 2024.  Phase I, comprising Units 1 and 2 (2×220 MW), and Phase II, consisting of Units 3…

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CISF signs PPA with NTPC for rooftop solar project across 16 campuses

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The Central Industrial Security Force (CISF) has entered into a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam (NVVN) to install 3,281 KW of rooftop solar power systems across 16 CISF campuses in 11 states. This project, expected to be completed by 31 October 2025, is part of the government’s efforts to promote energy sustainability and green development. Currently, CISF has 1,990 KW of solar capacity installed across four campuses, including RTC Arakkonam (Tamil…

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EESL signs Rs 5 billion agreements for large-scale energy efficiency

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Energy Efficiency Services Limited (EESL) has signed agreements worth Rs 5 billion with various international and Indian organisations at the India Energy Week 2025 to drive large-scale energy efficiency initiatives.  EESL has partnered with the Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council (IMT-GT JBC), Green Growth Asia Foundation (GGAF), and IIT Hyderabad to develop energy-efficient solutions across multiple sectors. These agreements target key areas such as energy-efficient lighting, clean cooking solutions, space heating, renewable energy, electric…

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India’s solar PV exports surge to $1.97 billion in FY 2023-24

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India’s solar photovoltaic (PV) module exports have seen significant growth, reaching $1.97 billion in fiscal 2023-24, up from $83 million in fiscal 2021-22. From April to November 2024, exports totalled approximately $782 million, as reported by the Minister of State for New & Renewable Energy, Shripad Yesso Naik, in parliament. The United States remains the largest destination for India’s solar PV modules, with its share of U.S. imports rising from 2.2% in 2021 to 9%…