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NLC India signs MoU with KABIL for critical minerals collaboration
NLC India Limited (NLCIL) has entered into a Memorandum of Understanding (MoU) with Khanij Bidesh India Limited (KABIL) on September 10, 2025. The agreement focuses on cooperation in identifying, acquiring, and developing projects related to critical and strategic minerals at both domestic and international levels. NLCIL stated that it is actively exploring opportunities in the critical minerals and rare earth elements sector. The initiative aligns with the Government of India’s push for public sector enterprises…
RECPDCL invites bids for Devanahalli and Hosakote transmission projects in Karnataka
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has issued Request for Proposal bids for selection of transmission service providers through tariff-based competitive bidding (TBCB) for two intra-state transmission projects in Karnataka. The first scheme involves establishing a 2 x 150 MVA, 220/66/11 kV gas insulated station at Devanahalli (New) in Bengaluru Rural district. It includes associated 220 kV and 66 kV connectivity elements, along with provisions for future…
MNRE sets strict payment rules for PM Surya Ghar ULA rooftop solar scheme
The Ministry of New and Renewable Energy (MNRE) has issued a detailed payment release procedure for the Utility Led Aggregation (ULA) model under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY). The Office Memorandum dated October 6, 2025, specifies that Central Financial Assistance (CFA) will be disbursed only after verification of installation and commissioning, with no advance payments allowed. Under the new process, the State, Utility, or Implementing Agency must first issue a work…
IndiGrid to acquire NERES XVI transmission project from Techno Electric
IndiGrid Infrastructure Trust (IndiGrid) has signed definitive agreements with Techno Electric & Engineering Company Ltd (TEECL) to acquire NERES XVI Power Transmission Ltd (NPTL), an interstate transmission project in the Northeast, following its commissioning and receipt of necessary approvals. The project includes a 400/220/132 kV substation with a total transformation capacity of 1,400 MVA and a 45 km double-circuit transmission line. It is targeted for completion by December 2026. TEECL will develop and execute the…
ACME Solar signs 50 MW FDRE PPA with Tata Power and commissions 28 MW wind project in Gujarat
ACME Solar Holdings Limited has expanded its renewable portfolio with two major milestones, the signing of a 25-year Power Purchase Agreement (PPA) for a firm renewable energy project and the commissioning of the first phase of a 100 MW wind project in Gujarat. Through its special purpose vehicle (SPV), ACME Solar signed the PPA with Tata Power Company Limited (Tata Power-D) on October 16, 2025, for a 50 MW Firm and Dispatchable Renewable Energy (FDRE)…
Prozeal Green Energy files for Rs 7 billion IPO with SEBI
Prozeal Green Energy Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 7.00 billion. The offering consists of a fresh issue of Rs 3.50 billion and an offer for sale of Rs 3.50 billion by existing shareholders. Of the offer for sale, promoter selling shareholders will divest Rs 3.37 billion, while investor selling shareholders will offload Rs 130…
