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Maharashtra signs Rs 475 billion MoUs for renewable energy projects

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The Maharashtra government has signed MoUs with four companies worth Rs 475 billion to develop renewable energy projects, in line with the state’s goal to achieve 50% renewable energy by 2030. These projects are expected to create 18,828 jobs, as announced by Deputy Chief Minister Devendra Fadnavis. The companies involved include SJVN, MahaGenco Renewable Energy Ltd, RECPDCL, THDC, and HPRGE-HPCL. Key projects under these agreements include: RECPDCL: A 500 MW hybrid project with an investment…

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Lohum signs $30 million JV with US firm for battery recycling facility

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LOHUM Cleantech Ltd, ReElement Technologies Corporation, and American Metals have formalised a partnership through a Memorandum of Understanding (MoU) to develop a fully integrated lithium-ion battery recycling and materials processing facility in the United States. With an initial investment of $30 million, the facility will have a capacity of 15.5 GWh and is expected to create 250 jobs focused on environmentally sustainable operations. Located at the Marion Advanced Technology Centre in Indiana, the facility will…

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Ambuja Cements joins Global Decarbonization Alliance, plans Rs 100 billion investment in renewable energy

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Ambuja Cements Limited, a key player in the Adani Group portfolio, has joined the Alliance for Industry Decarbonization (AFID), becoming the first cement manufacturer globally to participate in this initiative. AFID is a global platform that fosters collaboration among industries to accelerate the transition to Net Zero, in alignment with the Paris Agreement. Ambuja’s inclusion in this alliance enables the company to exchange insights and experiences with other energy-intensive sectors. Ambuja Cements, which aims to…

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NTPC invites bids for DPR preparation of 800 MW PSP in Maharashtra

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NTPC Limited has issued a tender for the preparation of a detailed project report (DPR) for an 800 MW pumped storage project (PSP) in Amba, Maharashtra. The last date for bid submission is November 16, 2024. Bidders are required to provide an earnest money deposit of Rs 5 million and meet financial criteria, including a minimum average annual turnover of Rs 189.7 million over the last three years and net worth at least equal to…

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Zetwerk secures Rs 25 billion order from NTPC for 1,515 MWp solar PV modules

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Zetwerk Manufacturing has won an order from NTPC to manufacture and supply 1,515 MWp of solar photovoltaic (PV) modules, including spares, for the 1,200 MW Khavda solar project. The contract, valued at Rs 25 billion, is Zetwerk’s second major order from NTPC. This deal highlights Zetwerk’s reputation for delivering innovative, sustainable, and high-quality solar solutions. The company has previously worked with JSW Energy, Teesta Solar, Continuum Energy, and more. In addition to domestic projects, Zetwerk…

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NTPC Green and MAHAPREIT form JV for 10 GW renewable energy projects

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NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.

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Ramalingam Construction emerges as L1 bidder for Kerala distribution project

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Ramalingam Construction has been declared the lowest (L1) bidder for the development of distribution infrastructure in the Kozhikode and Palakkad districts of Kerala. The turnkey contract, awarded by Kerala State Electricity Board (KSEB), falls under the Northern Region Package-I as part of the revamped reforms-based and results-linked distribution sector scheme. The bid value for the project is Rs 2.14 billion.

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Megha Engineering to set up two hydro projects in Rs 210 billion

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Megha Engineering & Infrastructures Ltd (MEIL) has committed an investment of Rs 210 billion to develop two pumped storage hydro projects in Maharashtra, with a combined capacity of 4,000 MW. The projects include the Kamod pumped storage project in Nandurbar and the Ghosla pumped storage project in Chhatrapati Sambhajinagar, both to be executed under the build-operate-maintain (BOM) model. The MoU for these projects was signed with the Water Resources Department (WRD), Maharashtra, in the presence…

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Adani Green forms JV with TotalEnergies for Gujarat solar projects

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Adani Green Energy Ltd (AGEL) has completed a 50:50 joint venture (JV) with TotalEnergies. As part of this JV, TotalEnergies has invested USD 444 million to acquire a 50 per cent stake in AGEL’s solar projects at the world’s largest renewable energy plant in Khavda, Gujarat. The agreement was signed with TotalEnergies Renewables Singapore and Adani Renewable Energy Sixty Four (ARE64L). AGEL and TotalEnergies now hold an equal 50:50 stake in ARE64L, which houses a…

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Marsons secures LoI for 150 MW solar power plant in Rajasthan

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Marsons has received a letter of intent (LoI) from Nacof Oorja to develop a 150 MW grid-interactive ground-mounted solar PV power generation plant in Rajasthan. The project, comprising multiple units across various locations, is being executed for Rajasthan Renewable Energy Corporation Limited (RRECL) under the KUSUM Scheme, aimed at providing daytime power to agricultural consumers. In collaboration with Aditya Clean Systems for technical support, the total order value of the project is estimated at approximately…