India

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IREDA sanctions Rs 1,134 crore loan for Insolation Green’s solar cell plant
By September 23, 2025October 28, 2025

Indian Renewable Energy Development Agency Limited (IREDA) has approved a loan of Rs 1,134 crore for Insolation Green Energy, a wholly owned subsidiary, to develop a 4.5 GW solar cell manufacturing unit in Madhya Pradesh. The company said the total project cost is estimated at Rs 1,512 crore, of which IREDA will provide Rs 1,134 crore, with the balance Rs 378 crore to be funded through internal accruals. The plant will be set up in…

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India | News | Renewable Energy

PM Modi lays foundation for SJVN’s 200 MW solar project at Khavda
By September 23, 2025October 28, 2025

Prime Minister Narendra Modi virtually laid the foundation stone of SJVN’s 200 MW solar power project at Khavda Solar Park in Gujarat on 20 September 2025. The project is part of Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase XVII scheme and will be located in the Khavda Solar Park being developed by Gujarat State Electricity Corporation Limited (GSECL) in Kachchh district. Power will be supplied to GUVNL for 25 years at a tariff of Rs…

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India | News | T&D

Power Grid wins tariff-based bidding for Mandsaur transmission project
By September 23, 2025October 28, 2025

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder to develop the inter-state transmission project “Augmentation of transformation capacity and implementation of line bays at Mandsaur substation for renewable energy interconnection.” The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis under the tariff-based competitive bidding (TBCB) framework. The company received the Letter of Intent (LoI) on 19 September 2025. The scheme, estimated at Rs 319 crore…

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News | India | Renewable Energy

Ayana Renewable declares 9.9 MW wind capacity operational in Gujarat
By September 23, 2025October 28, 2025

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 Energy Limited (NGEL) Group has reached 7,372.575 MW. The total installed capacity of the group now stands at 7,382.475 MW.

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News | India | T&D

KEC International wins Rs 3,243 crore T&D orders
By September 23, 2025October 28, 2025

KEC International Limited, part of the RPG Group, has secured new contracts worth Rs 3,243 crore in its transmission and distribution segment. The projects include construction of 400 kV transmission lines in the United Arab Emirates (UAE) and supply of towers, hardware, and poles in the Americas. With these awards, the company’s year-to-date order intake stands at about Rs 11,700 crore. Managing Director and Chief Executive Officer Vimal Kejriwal said the UAE contract is the…

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News | Finance | India

ACME Solar secures Rs 1,100 crore refinancing for Rajasthan project
By September 23, 2025October 28, 2025

ACME Solar Holdings Limited has arranged Rs 1,100 crore for refinancing debt for a 300 MW renewable energy project in Rajasthan and lowering borrowing costs by about 100 basis points. The project has been operational for six months and has maintained stable capacity utilisation factor (CUF) levels during this period. The refinancing has been arranged through the State Bank of India (SBI) with a tenure of nearly 17 years. According to the company, the transaction…

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News | India | Renewable Energy

Adani Green Energy forms new subsidiary for renewable power generation
By September 23, 2025October 28, 2025

Adani Green Energy Limited has set up a new step-down subsidiary, Adani Ecogen Three Limited, to focus on renewable power generation. The company disclosed the development in a stock exchange filing on 22 September 2025. According to the filing, the subsidiary was incorporated by Adani Renewable Energy Holding Eleven Limited, a wholly-owned arm of Adani Green Energy. Adani Ecogen Three Limited was registered on the same date with an authorised and paid-up capital of Rs…

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News | Generation | India

THDC begins commercial operation of second unit at Khurja thermal project
By September 23, 2025October 28, 2025

THDC India Limited has started commercial operation of the second 660 MW unit at the Khurja Super Thermal Power Project (2×660 MW) in Khurja, Uttar Pradesh. The inauguration of the unit was held on 22 September 2025 through a virtual ceremony led by Manohar Lal, Union Minister of Power, Housing and Urban Affairs. The Khurja project, with a total capacity of 1,320 MW, was built in 14 packages. The first 660 MW unit achieved commercial…

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India | Finance | News

Jakson Group to invest Rs 1 billion in distributed energy by FY26
By September 23, 2025October 28, 2025

Jakson Group will invest Rs 1 billion in its distributed energy business by 2025-26 to expand capacity and meet rising demand for backup and sustainable power. The company, which earns most of its revenue from diesel generators, is diversifying into solar, energy storage, and other green solutions. It aims to scale its business to Rs 50 billion in the near term and reach USD 1 billion revenue by 2030. Solar and storage will be the…

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News | India | Renewable Energy

Madhya Pradesh secures record low tariff for solar-plus-storage project in Morena
By September 22, 2025October 28, 2025

Madhya Pradesh has awarded India’s lowest tariff for a solar-plus-storage project. The Morena Solar Park secured a rate of Rs 2.70 per unit in the e-reverse auction on 19 September 2025. The project is India’s first firm and dispatchable renewable energy (FDRE) supply at less than Rs 3 per unit. It will provide 95 per cent annual availability, with assured supply during both evening and morning peaks. Rewa Ultra Mega Solar Limited (RUMSL) is developing…

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