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ADB grants USD 15 million for Tajikistan’s power grid
The Asian Development Bank (ADB) has approved an additional USD 15 million grant to aid Tajikistan’s efforts in reconnecting its power grid with the Central Asian Power System (CAPS) and enhancing interconnections with Uzbekistan. This follows the signing of a power trade agreement aimed at restarting electricity trade between the two countries, marking progress toward…
Waaree Energies incorporates three new subsidiaries
Waaree Energies Limited has announced the incorporation of three step-down subsidiaries through its wholly owned unit, Waaree Forever Energies Private Limited. According to the company’s filing on September 12, 2025, Waaree Forever Energies Four Private Limited and Waaree Forever Energies Five Private Limited were incorporated on September 10, with certificates received on September 11. Waaree…
Waaree subsidiary wins 300 MW wind project from SECI
Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies Limited, has received a Letter of Award from the Solar Energy Corporation of India Limited (SECI) for development of a 300 MW wind power project in Dwarka, Gujarat. The company disclosed the award in a filing dated February 24, 2026. The project will…
Renewable firms report strong profit growth in latest quarter
India’s renewable energy companies reported solid financial performance for FY 2025-26, driven by higher earnings and improved margins. NTPC Green Energy reported a net profit of Rs 88 crore, up from Rs 38 crore the previous year. Revenue grew 21.5% to Rs 612.3 crore, and EBITDA rose 26% to Rs 529.6 crore. Margins improved to…
ISA and USAID partner to enhance grid interconnections
The International Solar Alliance (ISA) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to strengthen grid interconnections and promote sustainable energy systems. The partnership aims to expand renewable energy usage, improve cross-border energy connectivity, and support the development of unified grids for large-scale clean power transfer. Under…
PFC and REC form new SPVs for interstate transmission projects
Power Finance Corporation Ltd. (PFC) and REC Limited have announced the formation of new special purpose vehicles (SPVs) to advance key interstate power transmission projects. PFC Consulting Limited (PFCCL), a wholly owned subsidiary of PFC, has incorporated Alibag Power Transmission Limited to manage preliminary work for the “Establishment of 765/400/220 kV AIS Dolvi (Dist. Raigad)”…
