Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy.
The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem.
The projects are expected to be implemented over the next five years.
REC Power Development & Consultancy Ltd (RECPDCL) established a project special purpose vehicle (SPV) named “Ratle Kiru Power Transmission Ltd” on October 23, 2024, as a wholly-owned subsidiary. This SPV will develop the ISTS scheme titled “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” in Jammu…
Power Finance Corporation Limited (PFC) has promoted Deepak Jain to the post of Executive Director, effective January 16, 2026, according to a stock exchange filing. Jain was previously serving as Chief General Manager at PFC and has over 26 years of experience with the power sector lender. His work has covered project financing, deal structuring,…
TPG Rise Climate, the climate investment arm of TPG, is in discussions to acquire US-based solar developer Altus Power, according to Reuters sources. The deal, which could be formalized in the coming weeks, is not yet finalized, and there is still a possibility of no transaction occurring. Altus Power, a leading clean energy provider for…
R S Infraprojects Private Limited has secured a contract worth Rs 1,144.64 million under the Jharkhand Power System Improvement Project. The contract covers the construction of two 220 kV double-circuit (DC) transmission lines. The first line will run 47.7 km from Chaibasa (PGCIL) to Jadugoda (New), while the second will span 51.3 km from Chandil…
Larsen & Toubro Limited’s Power Transmission & Distribution (PT&D) vertical has secured a set of engineering, procurement, and construction (EPC) orders for grid system projects across India and the Middle East. In India, the PT&D vertical received contracts for the design, supply, and construction of two 220 kV Gas Insulated Substations (GIS) in the Durgapur-Raniganj-Asansol…
India’s renewable energy sector is facing significant delays in securing power purchase agreements (PPAs), which are affecting around 40-45 GW of projects out of a total 80-90 GW in the pipeline. Experts note that distribution companies (discoms) are prioritizing projects with higher capacity utilization factors, contributing to the backlog in PPA signings. The gap between…