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CESC Group completes acquisition of power distribution in Chandigarh
Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) to acquire 100 per cent equity in a distribution company. As a result, Chandigarh Power Distribution Ltd (CPDL) becomes a step-down subsidiary of CESC Ltd. The deal is valued at Rs…
ADB, GRE sign $350 million loan for solar-plus-BESS projects in Thailand
The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited (GRE), a subsidiary of Gulf Development Public Company Limited (GULF), have signed a $350 million loan agreement to expand renewable energy generation in Thailand. The financing will support construction of three projects combining solar power with battery energy storage systems (BESS). The loan will…
India | Leadership | NewsPFC appoints Rajesh Kumar Agarwal as Director (Finance) and CFO
The Board of Directors of Power Finance Corporation Limited (PFC) has appointed Shri Rajesh Kumar Agarwal as Director (Finance) on its Board, effective April 23, 2026. He has also been designated as the Chief Financial Officer (CFO) from the same date. The appointment follows an earlier intimation issued on April 23, 2026, confirming that Shri…
Orlen Group secures EIB loan for Poland’s electricity distribution upgrade
Orlen Group has received a 3.5 billion zlotys ($866.6 million) loan from the European Investment Bank (EIB) to fund a major program aimed at modernizing and strengthening Poland’s electricity distribution network. The loan, to be disbursed in tranches over three years, will have a repayment period of up to 15 years. The initial tranche of…
India | Generation | NewsNTPC board clears pumped storage JV and Mauritius subsidiary
In a regulatory filing dated 23 December 2025, NTPC Limited stated that its board of directors granted in principle approval to form a 50:50 joint venture in India with EDF Power Solutions India Private Limited. The proposed joint venture will focus on the development of Pumped Storage Plants (PSP), which support large scale energy storage…
KP Group signs deal with Senvion India for 2 GW wind and hybrid projects
KP Group has entered a framework agreement with Senvion India to jointly develop up to 2 GW of wind and wind–solar hybrid capacity across India over the next three years. The arrangement brings together KP Group’s project development role and Senvion India’s turbine supply for a multi-state pipeline. KP Group will handle land acquisition, permits,…
