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GE Vernova wins contract for HV equipment supply from Sterlite Power
GE Vernova T&D India Limited secured a contract worth over Rs 4,000 million from Sterlite Power Transmission Limited on December 19, 2024. The contract covers the supply and supervision of high voltage (HV) equipment. The project is expected to be completed by December 19, 2026, and is being implemented through the tariff-based competitive bidding (TBCB)…
Ecozen secures $23 million debt funding for clean energy solutions
Ecozen, a clean energy technology company, has raised over $23 million in debt funding from investors including responsAbility Investments, Northern Arc Capital, and Maanaveeya Development & Finance. The funds will support the scaling of flagship solutions like Ecotron, Ecofrost, and advanced motor control systems, as well as domestic and international expansion. The company has achieved…
AIIB invests Rs 13 billion in Aditya Birla Capital for clean energy
The Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited. The three-year, privately placed investment will fund renewable energy and electric mobility projects in India. According to AIIB, the financing will be used for renewable energy generation such as solar, wind,…
Declared capacity is strict obligation, not target: Supreme Court rules against power generator
The Supreme Court of India has restored a penalty of over Rs 162 crore imposed on Talwandi Sabo Power Limited (TSPL) for failing to demonstrate its declared generation capacity on four occasions in January 2017. The Court set aside an earlier order of the Appellate Tribunal for Electricity (APTEL), which had granted relief to the…
Hartek secures Rs 735 crore orders for transmission projects
Hartek Group’s power systems business unit has secured cumulative orders worth Rs 735 crore across the utility, Independent Power Producer (IPP), and industrial segments. The contracts cover substation and transmission infrastructure projects ranging from 66 kV to 765 kV. The projects are located across multiple states and expand the company’s transmission portfolio. The orders span…
BPCL and GPS Renewables form JV to set up 8-10 CBG plants
Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have formed a joint venture (JV) to build 8-10 compressed biogas (CBG) plants in several Indian states, including Bihar, Odisha, Punjab, Uttar Pradesh, and West Bengal. The JV aims to convert organic biomass waste into CBG, contributing to renewable energy goals and promoting waste-to-energy technology….
