Similar Posts
PIGL wins Rs 9.5 crore order for 5 MW solar project in Gujarat
Power & Instrumentation (Gujarat) Limited (PIGL) has secured a work order worth Rs 9.5 crore from Sadashiv Projects India Private Limited. The order covers design, engineering, supply, erection, installation, testing, and commissioning of equipment for a 5 MWp ground-mounted solar project at multiple sites in Gujarat. The scope of work includes material supplies and associated…
Adani Green becomes first Indian renewable energy firm to cross 20 GW operational capacity
Adani Green Energy Limited (AGEL) has crossed 20 GW of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development. The company now operates 20,141.80 MW of renewable energy capacity and 3.55 GWh of Battery Energy Storage Systems (BESS), following the latest commissioning of projects…
India revises FDI rules for land-bordering countries, easing minority investment
India’s Union Cabinet has approved an amendment to Press Note 3 of 2020, which requires government approval for investments from countries sharing a land border with India. The revision introduces a 10% beneficial ownership threshold below which investors from these countries can invest through the automatic route without prior clearance. For the power sector, the…
Adani Green secures $250 million foreign loan to refinance debt
Adani Green Energy Ltd, led by Indian billionaire Gautam Adani, has secured around $250 million from a consortium of international banks, marking its first foreign currency loan since a US Department of Justice indictment. The funding will be used to refinance existing debt. The credit is being provided by DBS Bank Ltd., DZ Bank, Rabobank,…
Ministry of Coal selects firms for Category-II financial incentives
The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification, lower carbon emissions, enhance energy security, and promote sustainable development. Launched on January 24, 2024, the…
Insolation Energy wins 99 MW AC solar projects from MSEDCL
Insolation Energy Limited, through its wholly-owned subsidiary Insolation Green Energy Private Limited, has received a Letter of Award (LOA) from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for nine grid-connected solar power projects with an aggregate capacity of 99 MW AC (128.7 MW DC) in Maharashtra. The projects were awarded under the Mukhyamantri Saur Krushi…
