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Madhya Pradesh launches biofuel scheme with investment-linked incentives
The Madhya Pradesh government has introduced the ‘Scheme for Implementation of Biofuel Projects in Madhya Pradesh’ to attract investments above Rs 100 million in biofuel infrastructure. The scheme covers the full value chain, from feedstock cultivation to distribution and end-use, and aims to set up bio-refinery clusters along with the infrastructure needed for biomass and…
GEAPP and UPEIDA to develop 450-500 MW solar park along Bundelkhand Expressway
The Global Energy Alliance for People and Planet (GEAPP) is partnering with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to establish a 450-500 MW solar park along the Bundelkhand Expressway. This pilot project aims to create a green energy corridor across the expressway, with approximately 450 MW of solar power installed on the expressway’s…
Greg Skinner acquires 50% stake in Ethical Power Group
Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global…
Adani Group commits Rs 600 billion to expand power plants in Chhattisgarh
The Adani Group has committed Rs 600 billion to expand power plants in Raipur, Korba, and Raigarh, increasing its power generation capacity by 6,120 MW. This investment was announced in a meeting with Chief Minister Vishnu Deo Sai on 12 January 2025. The plan aims to enhance the state’s industrial and social infrastructure, focusing on…
Constellation to acquire Calpine for $16.4bn
Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt. The deal brings the total net purchase price to $26.6bn after factoring in expected cash generated by Calpine and tax attributes. The transaction,…
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L&T secures nuclear and grid infrastructure orders
Larsen & Toubro (L&T) has received orders from the Nuclear Power Corporation of India Ltd (NPCIL) and multiple contracts for grid infrastructure projects in India, the United Arab Emirates (UAE), and Oman. The Heavy Civil Infrastructure business of L&T will execute the mechanical package for Units 5 and 6 of the Kudankulam Nuclear Power Project…
