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Three bidders shortlisted for Himachal Pradesh hydropower transmission project

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REC Power Development & Consultancy Ltd (RECPDCL) has shortlisted Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, and Adani Energy Solutions Ltd (AESL) for setting up evacuation infrastructure for hydropower projects in Himachal Pradesh under the ISTS scheme. This project, housed under Shongtong Power Transmission Ltd, follows a tariff-based competitive bidding (TBCB) process. The three developers have cleared the technical bid stage, and their initial price bids will soon be opened. The bidding will…

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Musashi and Log9 Materials form partnership for EV powertrain solutions

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Musashi Seimitsu Industry Co., Ltd., Japan, the parent company of Musashi India, has entered a strategic partnership with advanced battery technology company Log9 Materials. The collaboration aims to deliver an integrated powertrain solution for electric two-wheelers and three-wheelers by combining Musashi’s high-performance e-Axle system with Log9’s cutting-edge battery technology. This partnership seeks to tackle key challenges in EV energy management and enhance scalability and service reliability, optimizing performance and durability. By integrating battery packs with…

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Aditya Birla Renewables raises Rs 25 billion through NCDs

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Aditya Birla Renewables Limited (ABReL), the renewable energy arm of the Aditya Birla Group, has secured Rs 25 billion via a private placement of non-convertible debentures (NCDs). The funds will be used to fuel ABReL’s expansion, reduce existing debt, and support corporate activities. Underwritten by Grasim Industries, the NCD issue attracted strong interest from mutual funds, leading to an oversubscription. The base issue size of Rs 20 billion was fully subscribed, and the green shoe…

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India’s solar PV manufacturing capacity surges to 67 GW

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India’s solar PV module manufacturing capacity has skyrocketed from 2.3 GW to 67 GW over the past decade, largely due to initiatives under the “Make In India” program. Currently, 48 GW of integrated solar PV manufacturing projects are underway, supported by the Rs 240 billion Solar PLI scheme. Union Minister for New and Renewable Energy Pralhad Joshi emphasized the government’s commitment to establishing India as a global clean energy leader, highlighting the comprehensive support provided…

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Hartek Power crosses 10 GW capacity

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Hartek Power, a leader in grid infrastructure and solar EPC, has crossed 10 GW of combined capacity across its business units. The company has built EHV/HV substations up to 400 KV for independent power producers (IPPs) and utilities, supporting grid expansion and the energy transition to renewables. Hartek’s rooftop solar unit ranks among the top four in India. Recently, Hartek secured a 765 KV power systems project from PGCIL and is currently executing a 300…

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Karnataka Power Transmission invites bids for 220 kV DC transmission line in Tumkur

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Karnataka Power Transmission Corporation has invited bids for the construction of a 220 kV double-circuit (DC) transmission line at the 220 kV Pavagada substation in Tumkur district. The project involves a 31.32 km DC line with high-performance conductor (HPC) from the 400/220 kV Kyathaganacherlu (PGCIL) station, along with two 220 kV terminal bays, aimed at providing an alternate power source to the Pavagada station. The project is estimated to cost Rs 1.43 billion and must…

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Ahasolar Technologies wins consultancy contract for 300 MW solar project in Gujarat

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Ahasolar Technologies Limited has received a work order worth Rs 11 million from Coal India Limited (CIL) to serve as the engineer and project management consultancy for a 300 MW solar photovoltaic (PV) plant at Gujarat Industries Power Company Limited’s (GIPCL) solar park in Khavda, Gujarat. The project is expected to be completed within 27 months.

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BluPine Energy commissions 120 MW solar project in Gujarat

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BluPine Energy has commissioned a 120 MW solar project in northern Gujarat, consisting of a 70 MW plant at Radhanpur and a 50 MW plant at Nenava. The project, completed in 18 months, was funded through green financing from Standard Chartered Bank under a Gujarat Urja Vikas Nigam (GUVNL) tender. The plants will generate approximately 3.23 lakh MWh of solar energy annually, offsetting 2.96 lakh tonnes of CO2 emissions and providing power to around 2.7…

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Zelestra signs 450 MW solar power supply agreement with NTPC in Rajasthan

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Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) with NTPC to supply electricity from its 450 MW solar project in Rajasthan. This project will reduce CO2 emissions by 13,555.774 tonnes over the PPA’s duration. The solar project is part of Zelestra India’s plan to develop over six GW of renewable energy projects in the next three years. Zelestra, backed by EQT with USD 232 billion in assets, operates a 20…