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BII, EAAIF back Blueleaf Energy’s India expansion through $75 million facility
British International Investment (BII) has partially syndicated its mezzanine debt investment in Blueleaf Energy to the Emerging Africa & Asia Infrastructure Fund (EAAIF), marking a new financing partnership to support the renewable energy developer’s expansion plans in India. Under the arrangement, EAAIF will participate in 50% of the US$75 million mezzanine debt facility originally underwritten…
Raychem RPG becomes first Indian firm to earn E3, C3, F1 certification for cast resin transformers
Raychem RPG has become the first Indian manufacturer to earn the E3, C3, and F1 certifications for its cast resin transformers (CRTs). The certification was awarded after rigorous testing at CESI laboratories in Italy. CESI is renowned for its advanced testing facilities, including KEMA Labs, which is known for its high-power laboratory capabilities. In a…
Power Ministry finalizes dual-window coal allocation rules under Revised SHAKTI Policy 2025
The Ministry of Power has released detailed procedures for allocating coal linkages to power generators under the Revised SHAKTI Policy 2025. The guidelines cover both notified price and auction-based allocations, applying to Central and State GENCOs as well as private players. The Revised SHAKTI Policy was cleared by the Cabinet Committee on Economic Affairs (CCEA)…
Coal India permits market sale of surplus power from linkage coal plants
Coal India Limited (CIL) has permitted the sale of unrequisitioned surplus (URS) electricity generated by thermal power plants using its linkage coal under long and medium-term fuel supply agreements (FSAs) in power exchanges and markets. Under earlier rules, such surplus generation could only be supplied under power purchase agreements (PPAs) and could not be sold…
Hindustan Power wins 100 MW solar project in Punjab
Hindustan Power has secured a 100 MW AC solar power project from Punjab State Power Corp. Ltd (PSPCL) to be developed in Punjab, with an estimated installed capacity of 140–150 MWp. The project was awarded through a tariff-based competitive bidding process followed by an e-reverse auction. Hindustan Power will enter into a 25-year Power Purchase…
Shakti Pumps establishes EV subsidiary
Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims…
