Similar Posts
Poland approves funding for first nuclear power plant
Poland has approved up to 60.2bn zlotys ($14.7bn) in funding for its first nuclear power plant, pending European Union approval, reported Bloomberg. On 7 January 2025, the cabinet led by Donald Tusk adopted a draft bill enabling the state-owned utility PEJ to construct 3.75GW reactors along the Baltic coast. The plant is expected to be completed by 2036, replacing ageing coal-fired plants and ensuring a stable electricity supply while advancing cleaner energy. The funding will…
Sunsure signs PPA to supply 21 MW solar power to Lupin
Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility.  Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as KSB Pumps, Dabur, and Inox Air Products.
MoEFCC clears ToR for Saidongar pumped storage projects
The Ministry of Environment, Forest and Climate Change (MoEFCC) granted Terms of Reference (ToR) for the 3,000 MW Saidongar I (Closed loop) Pumped Storage Project and the 1,200 MW Saidongar II (Closed loop) Pumped Storage Project in Maharashtra on February 18, 2025. Torrent Power Limited (TPL) will implement the 3,000 MW Saidongar I project through Torrent Psh 3 Private Limited in Saidongar, Kusur, and Dhak villages, Mawal and Karjat tehsil, Raigarh and Pune districts of…
VSL Renewable wins 810 MWp solar NTPC’s O&M contract
VSL Renewable Services has won Lot-2 of NTPC Green Energy Limited’s 1,864 MWp solar operations and maintenance tender. Lot-2 covers 810 MWp, while Lot-1 accounted for 1,054 MWp. The company submitted the lowest bids for both lots but was awarded Lot-2 under NTPC’s tender conditions. The awarded projects are spread across Rajasthan, Madhya Pradesh, and Andhra Pradesh. The contract scope includes real-time monitoring, predictive maintenance, and generation-linked performance guarantees, along with adherence to NTPC’s safety…
SBI signs €100 million line of credit with AFD for green financing
State Bank of India (SBI) has signed a €100 million Line of Credit agreement with Agence Française de Développement (AFD) at its GIFT City branch on August 30, 2025. The financing will support green projects in the country. According to SBI, the funds will be directed toward climate mitigation activities aimed at reducing greenhouse gas emissions and adaptation measures to limit the impact of climate change. The bank said the partnership will contribute to India’s…
PGCIL completes acquisition of two ISTS schemes for power transmission
Power Grid Corporation of India Ltd (PGCIL) has finalized the acquisition of two interstate transmission system (ISTS) projects awarded through a tariff-based competitive bidding process. These projects were transferred from bid process coordinator PFC Consulting Ltd (PFCCL) on November 7, 2024. The projects will operate under the build, own, operate, and transfer model. The first project, Barmer I Transmission Ltd, is a transmission system intended for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase…
