The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply.
This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million.
Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
Indian Oil Corporation Limited (IOCL) has joined hands with Tirumala Tirupati Devasthanams (TTD) to build a 40 tonnes-per-day biogas plant in Tirumala, aiming to promote sustainable energy and effective waste management. TTD’s Additional Executive Officer Ch. Venkaiah Chowdary laid the foundation stone for the project alongside IOCL’s Executive Director and State Head B. Anil Kumar….
US-based Type One Energy has released the physics design basis for its Infinity Two stellarator fusion power plant, marking a critical step in advancing fusion energy. The published design, the first of its kind, outlines the operational parameters necessary for a practical fusion pilot plant and provides a foundation for external review and collaboration within…
Rajasthan has become the first Indian state to sign a Framework for Action with the International Solar Alliance (ISA) to support the expansion of solar energy, strengthen grid infrastructure and accelerate the state’s clean energy transition. The agreement was signed by Rajasthan Energy Secretary Aarti Dogra and ISA Director General Ashish Khanna in the presence…
Zero Footprint Industries Ltd (ZFI) and Waaree Clean Energy Solutions Private Limited, a wholly owned subsidiary of Waaree Energies Limited, have signed an Electrolyzer as a Service (EAAS) agreement for a 2.5 MW alkaline electrolyzer system, along with a strategic memorandum of understanding for an additional 50 MW of electrolyzer capacity through the same model….
O2 Power Private Limited has commissioned a 400 MW Inter-State Transmission System (ISTS)-connected solar photovoltaic (PV) power project in Jaisalmer, Rajasthan. The project was officially completed on July 10, 2025. The project was awarded under NTPC’s solar tender floated in February 2020 for developing 1,200 MW of ISTS-connected solar PV projects across India. O2 Power…
The Maharashtra government has entered into an Rs 8,000 crore agreement with GSC PSP Maha Pvt Ltd of Haryana to develop the Panchmauli-Devalipada pumped storage hydroelectric project across Dhule and Nandurbar districts. The 1,500 MW project is expected to generate around 2,500 jobs and contribute over Rs 1,100 crore in annual revenue to the state….