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KPI Green wins Rs 1,050 crore LOI for RTC green power project
KPI Green Energy Limited has received a Letter of Intent from UAE-based FVE Lifecare General Trading LLC, part of the F Plus Group, for a 600 MW Round-the-Clock (RTC) Green Power Project valued at about Rs 1,050 crore. The agreement follows an earlier MoU with F Plus Healthcare Technologies. The project will supply captive and…
Arab Group opposes fossil fuel phase-out at COP29 climate summit
The 22-nation Arab Group, led by Saudi Arabia, has opposed any United Nations Climate Change Conference (COP29) agreement that targets fossil fuels, according to The New Arab. Saudi representative Albara Tawfiq stated that the bloc would reject any language singling out fossil fuels in the climate negotiations held in Baku, Azerbaijan. The talks, focused on…
Vietnam proposes amendments to electricity law
Vietnam‘s Ministry of Industry and Trade has drafted a new electricity law to establish a legal framework supporting the development of a modern, interconnected, and efficient power market while prioritizing national energy security. The proposed amendments aim to address gaps in power development regulations, improve coordination among ministries, and overcome challenges in bringing electricity investments…
Sembcorp wins 150 MW firm renewable project from SJVN
Sembcorp Industries, through its subsidiary Sembcorp Green Infra Private Limited, has been awarded a 150 MW Firm and Dispatchable Renewable Energy (FDRE) project by SJVN Limited. The project follows a build-own-operate framework and forms part of SJVN’s 6,000 MWh (1,500 MW x 4 hours) tender designed to supply reliable peak power through renewable energy integrated…
GK Energy files DRHP for Rs 5 billion IPO to raise funds
GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares worth up to Rs 5 billion, along with an offer for sale of up to 8.4 million equity…
MNRE exempts select PM Surya Ghar projects from ALMM-II norms
The Ministry of New and Renewable Energy (MNRE) has clarified that residential net-metering consumers under the “Give It Up” category of the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) will be exempt from the applicability of Approved List of Models and Manufacturers (ALMM) List-II requirements for solar photovoltaic (PV) cells, subject to specified conditions….
