Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company.Â
The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of Power, Government of India.
Rosa Power Supply Company, a subsidiary of Reliance Power, has achieved zero-debt status after prepaying Rs 13.18 billion to Singapore-based lender Varde Partners. The company initially paid Rs 8.33 billion in September, followed by the remaining Rs 4.85 billion to complete its debt repayment ahead of schedule. The loan, taken in 2022 for refinancing and…
The Ministry of New and Renewable Energy (MNRE) has issued a detailed payment release procedure for the Utility Led Aggregation (ULA) model under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY). The Office Memorandum dated October 6, 2025, specifies that Central Financial Assistance (CFA) will be disbursed only after verification of installation and commissioning,…
BGR Tech Limited has introduced its 100 kW hydrogen purification system designed to enhance electrolysis-based hydrogen purification. This newly developed system delivers 99.999 per cent pure, fuel cell-grade hydrogen and is engineered to operate at high pressures of up to 30 bar. The system’s modular structure allows for scalability, making it suitable for a wide…
The Ministry of New and Renewable Energy (MNRE) has released a memorandum detailing performance requirements that BioCNG projects must meet to qualify for Central Financial Assistance (CFA). The directive sets out minimum generation thresholds for disbursing the full amount of support. The clarification applies to the Waste to Energy Programme under Phase-I of the National…
Central Electronics Limited (CEL), a central government-owned public sector undertaking, has commissioned a 200 MW solar module manufacturing facility in Uttar Pradesh. The plant was inaugurated by Union Minister of State Jitendra Singh, who highlighted the project’s execution timeline. According to Singh, CEL issued the request for proposal in April 2025, completed bidder selection within…
Sumitomo Corporation, through its Sumitomo Corporation of Americas and Perennial Power Holdings, has partnered with CEP Solar to develop over 1.5GW of solar and battery storage assets in Virginia, US. This joint venture will combine CEP Solar’s local expertise with Sumitomo’s project finance capabilities, accelerating the expansion of renewable energy in the region. Construction is…