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CleanMax raises Rs 400 crore in pre-IPO round
By August 7, 2025August 7, 2025

CleanMax has secured Rs 400 crore in pre-IPO funding from 360 One Asset Management. The capital will support promoter stake consolidation ahead of the company’s planned public listing. The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding is structured as a three-year instrument at 13 per cent interest, with repayment expected through IPO proceeds. A portion will also be used to reduce existing debt. The company is likely to file…

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Juniper Green commissions 25 MW wind capacity in Gujarat
By August 7, 2025August 7, 2025

Juniper Green Energy has commissioned 25 MW of wind capacity at Dev Bhumi Dwarka, Gujarat. The plant is part of its 50 MW wind power project being developed through subsidiary Juniper Green Beam Private Limited. This milestone was reached nearly three months before the scheduled commercial operation date of October 17, 2025. The full 50 MW project is backed by a power purchase agreement with Gujarat Urja Vikas Nigam Limited (GUVNL), signed in 2023. Juniper…

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Tesla opens first supercharger station in India at Mumbai’s BKC
By August 7, 2025August 7, 2025

Tesla has launched its first supercharger station in India at One Bandra Kurla Complex (BKC), Mumbai. The facility is located on the P1 parking level of the commercial hub. The station features four direct current (DC) superchargers with a maximum output of 250 kW, priced at Rs 24 per kWh. It also includes four alternating current (AC) chargers rated at 11 kW, available at Rs 14 per kWh. At present, the charging infrastructure is exclusive…

Read More Tesla opens first supercharger station in India at Mumbai’s BKC
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GAIL and RVUNL to bundle gas and renewable power in Rajasthan
By August 7, 2025August 7, 2025

GAIL India Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have signed a joint venture agreement to set up large-scale renewable energy projects and integrate them with existing gas-based power capacity in Rajasthan. The new joint venture company will develop 750 MW of solar and 250 MW of wind power. These will be bundled with output from two existing gas-based power plants to enable complementary generation. The plants include a 330 MW facility in…

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Torrent Power announces Rs 500 billion investment
By August 7, 2025August 7, 2025

Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW currently. Out of the total planned investment, Rs 200 billion will be directed towards renewable energy projects. An additional Rs…

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REC and PFC post Q1 results with record profits
By August 7, 2025August 7, 2025

REC Limited and Power Finance Corporation (PFC) have both posted significant profit growth for the first quarter of FY26. REC reported its highest-ever quarterly net profit of Rs 4,451 crore, marking a 29 per cent rise compared to the previous year. Disbursements for the quarter reached Rs 59,508 crore, a 36 per cent increase year-on-year. Project sanctions crossed Rs 1 lakh crore, with distribution projects comprising 43 per cent and renewable energy 20 per cent…

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News | India

Supreme Court orders states to clear Rs 1.5 lakh crore Discom dues
By August 7, 2025August 7, 2025

Electricity tariffs are likely to increase across India following a Supreme Court order directing all states and Union Territories to recover pending dues owed to power distribution companies over the next four years. These liabilities, known as regulatory assets, have accumulated to over ₹1.5 lakh crore. They stem from the gap between actual electricity supply costs and the lower tariffs approved by state regulators. To keep tariffs low, payments to distribution companies were deferred over…

Read More Supreme Court orders states to clear Rs 1.5 lakh crore Discom dues
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Centre issues revised RCO targets under Energy Conservation Act
By August 7, 2025August 7, 2025

The Ministry of Power has circulated a revised draft notification specifying Renewable Consumption Obligation (RCO) requirements under the Energy Conservation Act, 2001. Issued on 5 August 2025, the draft is open for stakeholder feedback until 19 August. It replaces the previous version dated 20 October 2023. The RCO framework outlines annual minimum shares of electricity to be sourced from renewable energy by designated consumers. These include distribution licensees, open access users, and captive consumers. For…

Read More Centre issues revised RCO targets under Energy Conservation Act
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MNRE clarifies prototype wind turbine guideline for NIWE approvals
By August 7, 2025August 7, 2025

The Ministry of New and Renewable Energy (MNRE) issued a clarification on 6 August 2025 regarding its revised guidelines for prototype wind turbine installations. The clarification pertains to clause 1(ii)(e) of the guidelines released on 12 June 2025. MNRE stated that the National Institute of Wind Energy (NIWE) may issue revised grid synchronisation recommendation letters for prototype wind turbines already recommended under earlier guidelines. However, this is allowed only if the original recommendation was issued…

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Gentari signs PPA with AWS for Karur wind project
By August 6, 2025August 6, 2025

Gentari and Amazon Web Services (AWS) have signed a power purchase agreement (PPA) to supply approximately 300,000 MWh of renewable energy annually from a utility-scale wind project targeted to begin operations in mid-2027. The deal follows a collaboration agreement signed in 2023 between the two firms. The PPA was formalised through a document exchange ceremony attended by Gentari Chief Renewables Officer Low Kian Min and AWS ASEAN Managing Director Jeff Johnson. Gentari CEO Sushil Purohit…

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