AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines.
Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Defence Minister Rajnath Singh has approved the establishment of a 250 MW Solar Power Project with Battery Energy Storage System (BESS) at Sitapur (Ex-Cantonment), Uttar Pradesh, on around 850 acres of vacant defence land. The project is the first large-scale solar power generation facility with integrated BESS to be developed on defence land by the…
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has transferred two Special Purpose Vehicles (SPVs) as part of the Rajasthan Renewable Energy Zone (REZ) Phase IV power evacuation projects. The first SPV, Rajasthan IV 4A Power Transmission Limited, was transferred to Power Grid Corporation of India Limited (PGCIL), for the development…
Waaree Energies Limited has completed the acquisition of a 100% equity stake in Waaree Semicon Private Limited (WSPL) through its wholly owned subsidiary, Waaree Power Private Limited (WPPL). The transaction was completed for a total consideration of Rs 1 lakh. Following the acquisition, WSPL has become a step-down subsidiary of Waaree Energies with effect from…
REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat. RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive…
Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt, focusing on wind and solar power. The first project under…
The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) reviewed several thermal and hydroelectric power projects in its February-March meetings. These projects faced scrutiny over environmental compliance, land use, and regulatory approvals. Here is a detailed look at the key discussions and decisions: Expansion by Addition of 2 x…