Seshasayee Paper and Boards will source 39 MW of renewable energy from a wind-solar hybrid project being developed by Ganeko Solar in Tamil Nadu. The project will include 33 MW of solar and 6 MW of wind capacity. The hybrid facility will be developed under a special purpose vehicle (SPV) named Navia One Power. Seshasayee Paper will invest Rs 165.6 million to acquire up to 28.1 per cent equity in the SPV. This move is…
NLC India Limited (NLCIL) and Indian Rare Earths Limited (IREL) have signed a memorandum of understanding (MoU) to collaborate on the sourcing and development of critical minerals and rare earth elements (REE). The agreement was formalized on May 6, 2025. The partnership will focus on mining, extraction, and refining of key minerals vital to India’s energy security and technological growth. These include materials essential to renewable energy, electric mobility, defence, and electronics sectors. The companies…
ReNew Energy Global has secured an investment of Rs 8.7 billion from British International Investment (BII) in its subsidiary, ReNew Photovoltaics. This is BII’s first investment in India’s solar manufacturing sector and involves the acquisition of a minority stake in the subsidiary. The funding will be used to build a new 4 GW TOPCon solar cell facility in Dholera, Gujarat. Once complete, ReNew’s total manufacturing capacity will rise to 6.4 GW of solar modules and…
The Cabinet Committee on Economic Affairs (CCEA) has approved the revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy to streamline coal allocation for thermal power plants across central, state, and private sectors. The revised policy introduces two simplified categories for coal linkages—Window-I and Window-II. Window-I allows central and state government-owned power generators, including joint ventures and subsidiaries, to receive coal at notified prices under the existing allocation mechanism. Window-II opens coal…
Refex Green Power Limited, a wholly owned subsidiary of Refex Industries Limited, has incorporated three new step-down subsidiaries to develop municipal solid waste-based bio-compressed natural gas (CBG) plants. The new entities are Refex CBG SPV Limited, Refex CBG SPV (Salem) Limited, and Refex CBG SPV (Madurai) Limited. Each of them has been established with a paid-up equity share capital of Rs 1 million. These special purpose vehicles (SPVs) will operate under the public-private partnership (PPP)…
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has re-invited bids for an engineering, procurement, and construction (EPC) package to develop 500 MW of solar photovoltaic (PV) power projects in Gujarat’s Kutch district. The bid submission deadline is May 16, 2025. The projects will be split into two parts: a 275 MW solar PV project and a 225 MW solar PV project, both set to be part of the massive Khavda Renewable…