Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
The Government of Telangana has detailed a comprehensive strategy to achieve net-zero emissions by 2047, aligning this environmental goal with an ambitious economic target of becoming a USD 3 trillion economy. The plan, part of the ‘Telangana Rising 2047’ vision, outlines major investments in renewable energy, industrial decarbonization, electric transportation, and sustainable agriculture. The state…
Vietnam will invest $136.3 billion in its power sector by 2030 to expand capacity and reduce coal use. Installed capacity is set to grow from over 80 GW in 2023 to between 183 GW and 236 GW. Coal’s share will fall to 13.1%–16.9%. Solar will rise to 25.3%–31.1%, wind to 14.2%–16.1%, and LNG to 9.5%–12.3%….
In a historic development for India’s power sector, the boards of Power Finance Corporation Limited (PFC) and REC Limited have approved a Scheme of Merger under Sections 230 to 232 of the Companies Act, 2013, for the amalgamation of REC into PFC. According to the companies, the merger will create a government-owned financing entity with…
Adyant Enersol Private Limited, a wholly-owned subsidiary of Datta Power Infra Private Limited, and UPC Renewables have won bids for a cumulative 170 MW of Inter-State Transmission System (ISTS)-connected wind power projects anywhere in India. Adyant Enersol won 70 MW by quoting a tariff of Rs 3.98 per kWh, while UPC Renewables won 100 MW…
The survey for a proposed Nuclear Power Plant (NPP) near Arasinakeri Bear Sanctuary and Hirebenkala Megalithic sites in Koppal, Karnataka, has faced local opposition due to concerns over environmental impacts and the preservation of heritage sites. The proposed project aims to use 485.62 hectares of land in Gangavati taluk near Chikka Benakal. A report on…
ACME Cleantech Solutions Private Limited (ACME Group) has signed long-term offtake agreements with Japan’s IHI Corporation for green ammonia and Mitsubishi Gas Chemical Company, Inc. (MGC) for green methanol. The agreements were signed at Atal Akshay Urja Bhawan in New Delhi and mark a major export milestone under the National Green Hydrogen Mission (NGHM). Offtake…