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Purvah Green to acquire Bhojraj Renewables

India, News

Purvah Green Power, a subsidiary of Calcutta Electric Supply Corporation (CESC), has signed a binding term sheet to acquire 100% of Bhojraj Renewables Energy. The acquisition, valued at up to Rs 1.08 billion, will support the development of a 300 MW wind energy project and a 150 MW solar energy project. Bhojraj Renewables will handle land acquisition and secure permits and approvals, with the entire process expected to be completed within nine months. Purvah Green…

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Purvah Green partners with Ecoren Energy for wind power project

India, News

CESC’s subsidiary, Purvah Green Power, has signed a binding term sheet with Ecoren Energy India to develop a wind power project with a capacity of up to 686.85 MW. The project is expected to be completed within three years, pending necessary permits and approvals from relevant authorities. Purvah Green Power focuses on renewable energy generation and trading, while its parent company, CESC, based in Kolkata, specializes in the generation, transmission, and distribution of electrical power.

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Purvah Green Power incorporates subsidiary for renewable power projects

India, News

Purvah Green Power Private Limited, a subsidiary of CESC Limited, has established a wholly-owned subsidiary, Redgaint Renewable Power Energy Private Limited (RRPEPL).  With a subscribed and paid-up capital of Rs 100,000, RRPEPL will explore new opportunities in the renewable energy sector, furthering CESC’s commitment to expanding its presence in sustainable power generation.

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Purvah Green secures 300 MW solar PV project from CESC

India, News

Purvah Green Power, a subsidiary of CESC Limited, has been awarded a letter of award (LoA) to develop a 300 MW solar PV project. Of the total capacity, 150 MW will be developed under tariff-based competitive bidding, while the remaining capacity will fall under the greenshore option. A power purchase agreement (PPA) has been signed for 25 years, commencing with the start of the power supply.

Power Sector News Roundup for October 17, 2024

Power Bytes

Global: – World Bank approves USD 250 million for renewable energy in Lebanon– Masdar and Presight to launch AI tool for managing RE assets globally– Fugro to site investigate Rhein-Main-Link offshore wind cable project in Germany– Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia– Ignitis Group to bid in Lithuania’s second offshore wind tender – Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill Solar Park– VNG AG…

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PGPPL signs SPA to acquire 100 per cent stake in Deshraj Solar Energy

India, News

Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited.  Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.

Power Sector News Roundup for October 8, 2024

Power Bytes

Global: Malaysia’s power utility partners with Keppel to supply 100 MW in cross-border deal Taihan Cable secures contract for Singapore’s 400 kV power grid Runergy launches solar module manufacturing facility in US EET to develop UK’s first large-scale low-carbon hydrogen hub CWP Global to develop 600 MW green hydrogen project in Angola India: IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 GAIL, AM Green signs MoU to jointly…