GVPR Engineers has been declared the lowest bidder (L1) for a power distribution contract in Uttarakhand.
The company secured the contract at a value of Rs 3.96 billion for the construction of a 400 KV GIS Switching Substation in Pipalkoti. The bids were invited by the Power Transmission Corporation of Uttarakhand.
Solar module maker Saatvik Solar has announced plans to raise funds from private equity investors and launch an initial public offering (IPO) to support its expansion efforts. At a press conference, Group Chief Financial Officer Abani Kant Jha stated that the company is targeting a 100% revenue growth in the current fiscal year, aiming to reach Rs 20 billion. Saatvik Solar, with a current solar module manufacturing capacity of 3.8 GW and an additional 2…
The US Nuclear Regulatory Commission (NRC) has extended the operating licenses for Florida Power & Light Company’s (FPL) Turkey Point nuclear power plant Units 3 and 4, allowing them to operate until 2052 and 2053, respectively. The plant, located 25 miles south of Miami, provides enough energy to power nearly one million homes and businesses, playing a key role in Florida’s energy grid and supporting the state’s growing population. Turkey Point became the first US…
HG Infra Engineering has been declared the qualified bidder by NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh as part of a 500 MW/1000 MWh standalone battery energy storage system (BESS) project. The project is supported by viability gap funding, and the tariff rate is set at Rs 2.38 million per MW per month. The contract is scheduled for completion in 1.5 years.
The Congress party has accused the government of reneging on its promise to keep the Nagarnar Steel Plant in Chhattisgarh’s Bastar region under public ownership. Jairam Ramesh, Congress General Secretary, cited a media report indicating that the Union Ministry of Finance is likely to invite bids for privatizing NMDC Steel (NSL) within the next two months. Ramesh criticized the move, pointing out that Prime Minister Narendra Modi had assured on October 3, 2023, that the…
Copenhagen Infrastructure Partners (CIP) has announced that its Buffalo Plains onshore wind farm in Alberta, Canada, has delivered its first power to the grid. The wind farm is expected to be fully operational by the fourth quarter of 2024. The installation of the first turbine took place in April 2024, and by the end of August, one-third of the planned 83 turbines had been erected. Once completed, Buffalo Plains will have a total capacity of…
Adani Power announced that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 41.01 billion. LAPL is currently undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code. Under the approved plan, Adani Power will acquire 100% shareholding in LAPL for cash. LAPL operates a 2×300 MW (600 MW) thermal power plant in Korba, Chhattisgarh,…
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