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Om Infra wins Rs 1,998.4 mn contract for Dibang hydropower project
By June 30, 2025July 16, 2025

Om Infra Limited has secured a contract worth Rs 1,998.4 million for hydro-mechanical works in the Dibang Multi Purpose Project. The award was finalised on June 25, 2025, following bids invited by NHPC Limited in April 2024. The contract has two parts. The first, worth Rs 1,678.6 million, is for the ex-works and CIF (Cost, Insurance, and Freight) supply of equipment, materials, mandatory spares, and tools. Om Infra will be responsible for clearly identifying the…

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India | News

Bondada Engineering sets up GreenBond RE Park to expand in renewables
By June 30, 2025June 30, 2025

Bondada Engineering Limited has incorporated a new wholly owned subsidiary, GreenBond RE Park Private Limited, to strengthen its presence in the renewable energy sector. The new entity was registered on June 24, 2025, with the Ministry of Corporate Affairs (MCA). It has an authorised and paid-up capital of Rs 100 million. GreenBond RE Park will focus on generating, storing, transmitting, and distributing electricity from both conventional and non-conventional sources. These include solar, wind, hydro, biomass,…

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NSE likely to waive transaction charges on electricity futures contracts
By June 30, 2025June 30, 2025

The National Stock Exchange (NSE) is likely to waive transaction charges on electricity futures contracts until December 31, 2025. The move is expected to promote participation in the newly launched electricity derivatives segment, according to people familiar with the matter. If implemented, the waiver will apply uniformly at the exchange level across all categories of participants, including brokers, corporates, traders, and institutions. However, the actual benefit passed on to end clients will depend on individual…

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Aseem Infrastructure secures $80 million green loan from DBS Bank
By June 30, 2025June 30, 2025

Aseem Infrastructure Finance Limited (AIFL) has raised its first external commercial borrowing and green loan worth $80 million from DBS Bank Limited. The funds will be used to support renewable energy projects across India. DBS Bank acted as the sole mandated lead arranger for the transaction through its IFSC banking unit at GIFT City, Gujarat. It also served as the sole sustainability coordinator, offering structuring support aligned with global sustainable finance principles. AIFL is a…

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THDC to supply 184 MW power to Gujarat from Tehri pumped storage
By June 30, 2025June 30, 2025

THDC India Limited has signed a memorandum of understanding (MoU) and a power purchase agreement with the Government of Gujarat and Gujarat Urja Vikas Nigam Limited (GUVNL). The deal covers the supply of 184.08 MW of clean power from the Tehri pumped storage project (PSP) in Uttarakhand. The agreement aims to support Gujarat’s peak electricity needs and improve the integration of renewable energy into the state grid. The Tehri PSP will play a key role…

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India | News

Toyota Kirloskar and Ohmium to develop green hydrogen solutions in India
By June 30, 2025June 30, 2025

Toyota Kirloskar Motor Private Limited (TKM) has signed a memorandum of understanding (MoU) with Ohmium International to explore green hydrogen development opportunities in India. As part of the collaboration, the two companies will work to integrate Toyota’s proton exchange membrane (PEM) fuel cell technologies—backed by Toyota Motor Corporation Japan—with Ohmium’s modular PEM electrolyser systems. These systems are designed for fast deployment and low-cost production. They also feature advanced power electronics and closed-loop cooling systems. The…

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Fibe launches solar loan solution for middle-income homes in small cities
By June 30, 2025June 30, 2025

Fibe has launched a new rooftop solar financing solution aimed at middle-income households, especially in Tier 2 and Tier 3 cities. The digital lending platform is offering collateral-free loans of up to Rs 500,000 for residential rooftop solar systems. This new offering is designed to make solar more affordable. It covers 100 per cent of the project cost—including panels, installation, and other expenses. The entire application process is digital, with loans disbursed in under 15…

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JSW signs PPA with NHPC for 300 MW hybrid project
By June 27, 2025July 16, 2025

Energizent Power Private Limited, a step-down subsidiary of JSW Energy Limited, signed a 25-year power purchase agreement (PPA) with NHPC Limited on June 25, 2025. The agreement covers a 300 MW wind-solar hybrid power project to be developed in Rajasthan and Andhra Pradesh. The project was originally awarded in February 2024 to Energizent Power, then a wholly-owned subsidiary of O2 Power Private Limited. The company had secured the capacity by quoting a tariff of Rs…

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ACME signs PPA with SECI for 300 MW solar-plus-storage project
By June 27, 2025July 16, 2025

ACME Sikar Solar Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Private Limited, signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) on June 25, 2025. The agreement covers a 300 MW solar power project with energy storage in Bikaner, Rajasthan, developed under SECI’s scheme. The Tranche-XVIII auction was launched by SECI in September 2024 for a total capacity of 1,000 MW of ISTS-connected solar projects with energy storage systems…

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Odisha seeks Rs 62.84 bn central aid for power infrastructure
By June 27, 2025June 27, 2025

The Government of Odisha has sought Rs 62.84 billion as central financial assistance under the Revamped Distribution Sector Scheme (RDSS). The request was placed before the Union Government on June 24, 2025. The proposed funding breakdown includes Rs 42.48 billion for cyclone-resilient power infrastructure, Rs 15.1 billion for upgrading distribution systems, Rs 4.28 billion for smart metering, and Rs 0.97 billion for project management support. Odisha Deputy Chief Minister KV Singh Deo has stated that…

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