The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply.
This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million.
Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
Energy company VPI plans to invest up to €450 million in battery storage projects in Germany, aiming to develop 500 MW of capacity over the next three to five years. This investment aligns with Germany’s goal of generating 80% of its electricity from renewables by 2030. Battery storage is essential to balance the electricity grid…
REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches,…
The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the granting of Terms of Reference (ToR) for the 1,200 MW Sikaser Open Loop Pumped Storage Hydro-electric Project in Chhattisgarh in its latest meeting. The project is being developed by Chhattisgarh State Power Generation Company Limited (CSPGCL) near…
The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change has recommended environmental clearance for the Indirasagar-Omkareshwar Pumped Storage Project (640 MW) in Madhya Pradesh. The project, to be developed by NHDC Limited, a joint venture between NHPC Ltd and the Government of Madhya Pradesh, involves an estimated investment of Rs…
GH2 Solar has announced a green hydrogen electrolyzer manufacturing plant in Piparsewa, Morena district, Madhya Pradesh, in joint venture with South Korea’s Advanced Hydrogen Energy Solutions (AHES). Chief Minister Mohan Yadav launched the project in Gwalior. The plant will start with a 105 MW annual capacity under SECI’s SIGHT programme, with an investment of INR…
THDC India Limited has initiated draft tube erection work in Unit 2 of the Vishnugad Pipalkoti Hydro Electric Project (HEP). The project, with a total capacity of 444 MW, is situated on the Alaknanda River near Helong village in Uttarakhand. It is expected to be commissioned by December 2026.