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PFC sets up SPV for Establishment of 765/400/220 kV AIS Kandalgaon
Power Finance Corporation Limited has set up a new Special Purpose Vehicle through its wholly owned subsidiary PFC Consulting. The SPV, named Raigad Power Transmission Limited, will support the development of the project titled Establishment of 765/400/220 kV AIS Kandalgaon in Raigad district of Maharashtra. Maharashtra State Electricity Transmission Company appointed PFC Consulting as the…
PVV Infra secures Rs 7.99 billion solar projects in Uttar Pradesh
PVV Infra Limited has won two solar power projects with a total investment of Rs 7.99 billion in Uttar Pradesh. Its subsidiary PVV EVTech has signed a 25-year power purchase agreement with the Uttar Pradesh New and Renewable Energy Development Agency for a 100 MW solar project across Baghpat and Moradabad districts. The project, developed…
Karnataka to set up transmission system for 2,000 MW Sharavathi pumped storage project
The Government of Karnataka has issued an order to establish the transmission system for evacuating power from the 2,000 MW Sharavathi Pumped Storage Hydel Project. REC Power Distribution Company Limited (REC PDCL) has been appointed as the bid process coordinator. The project will follow a tariff-based competitive bidding (TBCB) process. REC Power Development and Consultancy…
IndiGrid, Kintech and H.G. Infra win NVVN’s BESS auction
IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support. NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per…
BII commits USD 75 million to Blueleaf Energy for renewable expansion in India
British International Investment (BII) is deepening its presence in India’s renewable energy sector through a series of strategic investments spanning generation, transmission, and manufacturing. In its latest move, BII has committed a USD 75 million financing facility to Blueleaf Energy to support the development of large-scale solar, wind, and battery storage projects. The initiative is…
Genus Power establishes two SPVs for smart metering under RDSS
Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS). The projects will focus on strengthening, renovating, and augmenting existing distribution systems…
