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Avaada secures financial closure for three renewable energy projects
Avaada Group has achieved financial closure for three utility-scale renewable energy projects, with total debt sanctions approaching USD 950 million. The portfolio includes what the company described as India’s largest financing transaction in the Firm and Dispatchable Renewable Energy (FDRE) segment. The projects include an FDRE project in Bikaner, Rajasthan, being developed under a long-term…
India | Generation | NewsNHPC declares CoD of 250 MW Unit 4 at Subansiri Lower project
NHPC Limited has declared the Commercial Operation Date (CoD) of Unit 4 (250 MW) of the Subansiri Lower Hydroelectric Project (SLHEP) with effect from 00:00 hours on May 8, 2026. The project, located across Assam and Arunachal Pradesh, has a total installed capacity of 2,000 MW (8×250 MW). With Unit 4 now operational, four units—Unit…
UP Cabinet clears coal funding and floating solar project
The Uttar Pradesh Cabinet, chaired by Chief Minister Yogi Adityanath, approved 35 proposals last week. These include a 20 MW floating solar plant in Gorakhpur and Rs 2,242.90 crore for coal mine development linked to the Ghatampur Thermal Power Project. The allocation of Rs 2,242.90 crore supports coal mine development for the Ghatampur Thermal Power…
Patel Engineering wins Rs 240 crore NHPC contract for Teesta-V hydro project
Patel Engineering Ltd. has secured a Rs 239.98 crore contract from NHPC Ltd. for civil and hydro-mechanical works at the Teesta-V Power Station in Sikkim, as reported in a company release dated July 18, 2025. The contract covers the modification of an existing diversion tunnel into a tunnel spillway under Package 6 of the hydropower…
Ayana Renewable declares 9.9 MW wind capacity operational in Gujarat
Ayana Renewable Power Four Private Limited, a subsidiary of Ayana Renewable Power Private Limited and part of the ONGC NTPC Green Private joint venture, has commenced commercial operations for 9.9 MW of wind capacity at its 92.4 MW project in Bhuj, Gujarat, effective 24 September 2025. Following this addition, the commercial capacity of NTPC Green…
Jordan’s NEPCO secures EUR67.1 million from EBRD and EU
Jordan’s state-owned transmission system operator, National Electric Power Company (NEPCO), has secured a EUR67.1 million financing package from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) to upgrade the country’s transmission infrastructure. The package includes a sovereign-guaranteed EBRD loan of up to EUR54.7 million and an EU investment grant of…
