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Seven firms shortlisted for $2.28bn Oman power projects
Seven companies have been shortlisted to bid for two major power projects in Oman, valued at OR880 million (US$2.28 billion). The tender process is being overseen by Nama Power and Water Procurement Company, the country’s sole buyer of power and water. The shortlisted firms include ACWA Power (Saudi Arabia), Korea Western Power, Marubeni Corporation (Japan),…
Viaro Energy to acquire Evoterra’s wind and oil assets in UK and Germany
Viaro Energy has signed a sales and purchase agreement to acquire 100% of integrated transition energy firm Evoterra’s assets, including its wind turbine fleet and oil and gas exploration licences in the UK and Germany. The deal marks Viaro’s entry into the German renewable energy market and is expected to close in 2025. The acquisition…
CESC signs PPA for 300 MW ISTS-connected hybrid project
CESC Limited has signed a 25-year power purchase agreement (PPA) with Bhojraj Renewables Energy Private Limited on April 28, 2025. Bhojraj Renewables is a subsidiary of Purvah Green Power Private Limited, which is wholly owned by CESC. The agreement covers the development of 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India….
Torrent Power announces Rs 500 billion investment
Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW…
UK seeks new investors for Sizewell C nuclear project
The UK government is exploring new investor interest for the Sizewell C nuclear plant, as negotiations continue to secure funding for the project. These discussions come at a crucial time, with the UK aiming to modernise its power infrastructure by 2030. However, the project’s funding timeline has been delayed, with a final investment decision now…
93 GW renewable backlog triggers government action on unsigned PPAs and PSAs
The Ministry of Power has directed Renewable Energy Implementing Agencies (REIAs) to close long-pending renewable energy bids and cancel related Letters of Award (LoAs) by November 30, 2025, where signing Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) is not viable. The order follows a review meeting held on October 17, 2025, chaired by…
