Promax Power has secured a Rs 554.3 million contract to design, supply, erect, test, and commission 132/33 kV substations and associated 132 kV bays.
The project includes developing four 132 kV substations with fully equipped control room buildings, installing four 132/33 kV 31.5 MVA transformers, and constructing three 132 kV substation bays.
The Ministry of Finance and the General Administration of Taxation of China have announced changes to the export value added tax (VAT) rebate policy for photovoltaic (PV) and battery products. Under the revised framework, export VAT rebates will be withdrawn for a range of PV products from 01 April 2026. For battery products, the export…
Meghmani Organics Limited (MOL) has signed a renewable energy supply agreement with Pro Zeal Green Power Fifteen Private Limited to procure 3.30 MW of wind solar hybrid power. The agreement was executed on 13 January 2026 and is intended to meet the company’s captive power requirements in Gujarat. In a disclosure to the stock exchanges,…
The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility in Nottinghamshire, as part of the government’s Plan for Change initiative to drive economic growth and position the UK as…
Power Finance Corporation (PFC) has set up a Special Purpose Vehicle (SPV) through its subsidiary, PFC Consulting Limited. In its 11 December filing, PFC said the SPV, Latur Rez Transmission Limited, will carry out surveys, land acquisition and other preparatory tasks for the 400/220/132 kV AIS Latur system. The SPV will be transferred to the…
NHPC Limited has approved a proposal to monetise future cash flows, specifically the return on equity (RoE), from its Uri-II and Dhauliganga power stations for a period of 10 years. The decision was taken at a board meeting held on April 14, 2026, and disclosed to stock exchanges on Tuesday. The monetisation will be executed…
Indonesia has identified 24,000 hectares of land on Java Island for a planned 100 GW solar power expansion programme estimated to require investments of around USD 71.3 billion, according to a report by the Indonesian News Agency. The land identification exercise is being led jointly by the Ministry of Energy and Mineral Resources and the…