Engie has achieved financial closure for its 200 MW solar photovoltaic (PV) project in Khavda, Gujarat, under the Phase XXIII tender by Gujarat Urja Vikas Nigam Limited (GUVNL). The company signed a loan agreement with MUFG Bank and Crédit Agricole S.A. to fund the project. The grid-connected project will be developed by Enren-II Energy Private…
Advait Energy and H.G. Infra Engineering have signed battery energy storage purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL). The agreements cover standalone battery energy storage systems (BESS) backed by viability gap funding from the central government. These deals are part of GUVNL’s Phase IV tender, which targets 500 MW/1,000 MWh of BESS capacity….
Dharamjaigarh Transmission Limited, a special purpose vehicle (SPV) set up by Power Grid Corporation of India Limited (PGCIL), has commissioned the Western Region Expansion Scheme-XXVIII (WRES-XXVIII) and Western Region Expansion Scheme-XXIX (WRES-XXIX). The Date of Commercial Operation (DOCO) for both schemes was notified on May 23, 2025. PGCIL implemented the project in Chhattisgarh. The schemes…
REC Power Distribution Company Limited (REC PDCL) has incorporated three special purpose vehicles (SPVs) for transmission projects in Karnataka. The SPVs were established on May 21, 2025, to facilitate project development under the tariff-based competitive bidding (TBCB) route. Hampapura Power Transmission Limited will implement the project for establishing a 400 kV substation at Hampapura, along…
The Government of Maharashtra has released the Maharashtra Electric Vehicle Policy 2025. The policy takes effect from April 1, 2025, and will be implemented till March 31, 2030. It replaces the earlier 2021 policy, which expired in March 2025. The state has set a target to achieve 30% electric vehicle (EV) penetration across all new…
The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for Small Hydro Power (SHP) schemes. These changes apply to all projects sanctioned under the earlier 2009 and 2014 schemes. The updates are designed to address sector challenges, simplify compliance, and facilitate timely completion. The calculation and release of Central Financial Assistance (CFA)…
Greenko Energies Private Limited (GEPL) is expected to commission the 1,680 MW Pinnapuram Hydro Electric Power Project by September 2025. The project forms part of the broader Pinnapuram Integrated Renewable Energy Project (IREP) being developed in Kurnool district, Andhra Pradesh. The Pinnapuram IREP combines solar, wind, and pumped hydro energy storage in a single integrated…
The Government of Gujarat is set to invest Rs 290 billion in the Gujarat Green Energy Corridor III (GEC-III) project. The initiative aims to transmit 16,500 MW of renewable energy across the state by strengthening grid connectivity from major renewable energy zones. The project will link renewable energy zones (REZ) in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan,…
At the Rising North East Investor Summit 2025, energy emerged as a key pillar of India’s development push in the region. Held from May 23–24 in New Delhi and inaugurated by Prime Minister Narendra Modi, the summit saw investment proposals worth Rs 4.3 trillion across multiple sectors, with energy and infrastructure drawing strong interest. Among…
The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and…