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REC to finance Rs 3 trillion for infrastructure projects in Rajasthan
REC Limited has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan during the “Rising Rajasthan Investors Meet.” As part of the agreement, REC will increase its annual financing from Rs 200 billion to Rs 500 billion for power and non-power infrastructure projects in the state. The six-year MoU, running until 2030, is valued at Rs 3 trillion.
US, Sweden sign MOU for nuclear energy cooperation
The US and Sweden have signed a memorandum of understanding (MOU) to bolster domestic nuclear production through bilateral cooperation. The agreement was signed by Sweden’s Minister for Energy, Business, and Industry Ebba Busch and US Secretary of Energy Jennifer Granholm in Washington, DC, on August 1. The MOU aims to facilitate the exchange of experience on nuclear policy, research, and innovation related to supply chains, financing models, skills supply, and the development of advanced nuclear…
ITC commissions second offsite solar plant in Karnataka
ITC has commissioned a 9.45 MW offsite solar plant in Davangere district, Karnataka, marking its second such facility in the state and fourth in the country, alongside others in Tamil Nadu, Uttar Pradesh, and Karnataka. The plant is designed to generate around 15 million units of green energy annually, supplying power to ITC’s hotels, the ITC Life Sciences and Technology Centre (LSTC), food manufacturing units in Mysore and Malur, and the ITC Green Centre in…
CTUIL invites bids for independent engineers for six transmission projects
Central Transmission Utility India Limited (CTUIL) has invited bids in six packages to appoint independent engineers for six major transmission projects. The projects include: Transmission System for Evacuation of Power from Renewable Energy zones in Khavda, Gujarat, under Phase-IV (7 GW capacity): Parts B and C. Transmission System for Power Evacuation from Rajasthan REZ Phase-IV (5.5 GW, Jaisalmer/Barmer Complex): Part H1. Network Expansion Scheme in Navinal (Mundra), Gujarat, for regional power drawal. Network Expansion Scheme…
Epic Energy inks agreement to set up 35 MWp solar park in Maharashtra
Epic Energy, a key player in the solar EPC market, has signed an agreement with Niva Ecotech to establish a 35 MWp (25 MW) solar park in Solapur, Maharashtra. Epic Renewable Projects, a 100% subsidiary of Epic Energy, will spearhead this initiative to develop solar parks across India. The company has identified multiple sites in and around Solapur and is in advanced discussions with corporates to install solar energy plants under the group captive open…
Bangladesh’s Summit Group to renegotiate renewable power deals with India
Summit Group of Bangladesh plans to renegotiate deals to import renewable power from India following a recent policy change by New Delhi. The new rule allows power generators that previously exported all their electricity to sell locally. This change has prompted Summit to reconsider its investments, as Indian partners may now prefer selling power within India. Summit had signed preliminary deals with Indian firms, including Tata Power Renewable Energy Ltd, to develop 1,000 MW of…