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Power Ministry launches stakeholder survey for India Energy Stack
The Ministry of Power has initiated a stakeholder mapping survey to support the development of the India Energy Stack (IES), a digital public infrastructure for the power sector. The IES is designed to create a connected and interoperable energy ecosystem through grid digitalisation, renewable integration, decentralised generation, and consumer-focused reforms. A core component of the…
Waaree Renewable to acquire majority stake in Associated Power
Waaree Renewable Technologies Limited has approved a binding term sheet to acquire around 55% of the equity share capital of Associated Power Structures Limited for a total consideration of approximately Rs 1,225 crore. The proposed transaction involves a combination of primary and secondary share purchases and is subject to due diligence and customary closing conditions….
AM Green signs MoU with Port of Rotterdam to build green fuel corridor
AM Green and the Port of Rotterdam Authority have signed a memorandum of understanding (MoU) to establish a green energy supply chain between India and Northwestern Europe via Rotterdam. The partnership will support trade in hydrogen-based fuels, including bunkering fuels and sustainable aviation fuels (SAF), and develop necessary terminal infrastructure along the route. Rotterdam is…
Coal Ministry launches 11th round and 10th round rebid of coal mine auctions
The Ministry of Coal’s Nominated Authority has opened bids for the 11th round of commercial coal mine auctions, with strong participation from industry players. Out of 27 mines offered, bids were submitted for 20, with a total of 70 online and 72 physical bids. The transparent auction process saw the electronic decryption of online bids…
FAME Scheme: Rs 88.44 billion spent on electric vehicle incentives
The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44 billion for capital assets, and Rs 230 million for other expenses. Under FAME-II, launched in 2019 with…
Capital Power sells stake in two Canadian wind facilities to Axium
Capital Power has announced the sale of a 49% interest in two Canadian wind facilities to Axium Infrastructure for approximately $340 million. The facilities include the 142 MW Quality Wind project in British Columbia and the 104 MW Port Dover and Nanticoke wind project in Ontario, with a combined capacity of 246 MW. The assets…
