Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.Â
PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Deveritec GmbH and Wirepas have unveiled a new Network Interface Card (NIC) tailored for the Wirepas 5G Mesh implementation of the non-cellular 5G standard, NR+. The NIC, developed using Nordic Semiconductor’s nRF9151 chip, is designed for smart electricity meters and aims to accelerate Advanced Metering Infrastructure (AMI) development using the NR+ standard. This collaboration marks…
Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with Bank of Baroda to offer financing options for residential rooftop solar power systems under the Pradhan Mantri Surya Ghar Yojana (PMSGY). Under the MoU, applicants can avail loans of up to Rs 600,000 at interest rates starting from 7 per cent…
Sunkind has announced securing a 570 MW solar energy project from Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme). The project includes a 569 MW EPC component and a 10.4 MWp ground-mounted solar PV agriculture feeder system at Satmane in Nashik, aimed at enhancing agricultural power…
Coal India Limited (CIL) has approved the formation of a renewable energy joint venture in Uttar Pradesh, alongside a series of other corporate actions, including a large equity infusion into a gasification subsidiary and the creation of an overseas holding company. As part of its renewable push, CIL will set up a 51:49 joint venture…
REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. The loan will be used to fund the development, construction, and operation of the project, including part funding of the…
Indsil Hydro Power and Manganese Limited has upgraded its power receiving substation at its Garbham unit in Vizianagaram district, Andhra Pradesh, from 33 kV to 132 kV. The upgrade is expected to reduce electricity tariff costs at the facility, according to a regulatory disclosure. The Garbham unit now operates at a higher receiving voltage of…