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.
ACME Sikar Solar Private Limited, a subsidiary of ACME Solar Holdings, commissioned 112.5 MW under Phase-II of its 300 MW solar project in Bikaner, Rajasthan on May 19, 2025. With this, the cumulative commissioned capacity at the site stands at 165 MW. The project, financed by Power Finance Corporation Limited (PFC), is spread over around…
The Ministry of New and Renewable Energy (MNRE) on 15 September 2025 issued the National Policy on Geothermal Energy to guide exploration, development, and deployment of geothermal resources in the country. The vision is to establish geothermal energy as a central part of India’s renewable portfolio. The policy outlines goals to expand research, improve exploration…
Syrma SGS Technology has opened one of its largest integrated electronics manufacturing facilities in Ranjangaon, near Pune, Maharashtra. Spanning 26.5 acres, the new campus will feature a manufacturing area of 1.20 million sq. ft. at its peak, enhancing the company’s PCB assembly capabilities to meet rising domestic demand, especially in the automotive and industrial sectors….
IndiGrid has commissioned India’s first regulated utility-scale standalone Battery Energy Storage System (BESS) project with a capacity of 20 MW/40 MWh. The project is located in Delhi and operated by Kilokari BESS Pvt Ltd (KBPL). This marks IndiGrid’s first commercial battery storage project and a significant step in India’s push for cleaner, more resilient power…
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, commenced commercial operations for the last 18.32 MW capacity of its 300 MW solar power project in Bikaner, Rajasthan, on March 1, 2025. With this, the entire 300 MW project has been commissioned under the 923 MW Grid-Connected Solar Power Project (Tranche-II) of…
Lloyd Metals and Energy Limited is expanding its renewable energy portfolio. The company’s Board of Directors has approved signing a Share Subscription and Shareholders Agreement (SSSHA) with Hexa Climate Solutions Private Limited. Under this agreement, Lloyd Metals will invest Rs 120 million in Hexa Energy W2 Private Limited and Rs 100 million in Hexa Energy…