|

Zelestra secures €132 million financing for 435 MW solar project in Rajasthan

By

Zelestra has finalized €132 million in green financing for its 435 MW solar photovoltaic project in Gorbea, Rajasthan. The financing was provided by HSBC, Credit Agricole, MUFG, and Bank of America, aligning with Zelestra’s Green Financing Framework and the Green Loan Principles issued by the Loan Market Association. The project will supply power to the Solar Energy Corporation of India (SECI) under a 25-year agreement. The solar plant is expected to generate enough electricity to…

|

Karnataka Power Transmission issues tender for GIS substation in Bengaluru

By

Karnataka Power Transmission Corporation (KPTCL) has issued a tender for the establishment of a 2×150 MVA, 220/66 kV gas-insulated switchgear (GIS) substation in Banashankari, Bengaluru Urban district. The project will include the installation of vertical configuration GIS within the existing 66/11 kV Banashankari Third Stage substation, along with underground cable connections, construction of 220 kV and 66 kV terminal bays, and related dismantling work. The contract, valued at Rs 2.69 billion, will be executed on…

|

Sterling and Wilson Renewable Energy wins Rs 5.12 billion orders

By

Sterling and Wilson Renewable Energy (SWREL) has secured two new domestic orders from private independent power producers (IPPs), valued at Rs 5.12 billion. The company will provide engineering, procurement, and construction (EPC) services for a 200 MW AC/250 MWp DC solar PV project in Gujarat and a 50 MW AC/65 MWp DC solar PV plant in Maharashtra. The company, a global end-to-end renewable EPC provider, is active in utility-scale solar, floating solar, and hybrid energy…

|

Foxconn, Stellantis JV sets up R&D centre for auto semiconductors design

By

Foxconn-backed SiliconAuto, a joint venture between Netherlands-based Stellantis and Hon Hai Technology Group (Foxconn), has set up a research and development (R&D) centre in Bengaluru. The new centre will focus on designing semiconductor products and developing system-on-chip solutions for the automotive sector, targeting electric vehicles (EVs), autonomous driving, and connected car technologies. Foxconn is also in the process of establishing an EV manufacturing plant and exploring battery production for EVs, reinforcing SiliconAuto’s commitment to India’s…

|

CIL inks JVA with RRVUNL to set up a thermal power project

By

Coal India Limited (CIL) has entered into a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 2×800 MW brownfield thermal power project at RRVUNL’s existing Kalisindh thermal power station. Under the agreement, CIL will hold a 74% stake in the joint venture company (JVC), while RRVUNL will hold the remaining 26%. The JVC will be established as a private limited company with an initial paid-up capital of Rs…

|

Cabinet approves two green hydrogen units in Mumbai Metropolitan Region

By

The State Cabinet has approved the establishment of two green hydrogen production units in the Mumbai Metropolitan Region (MMR), with a production capacity ranging from 10 to 15 kilo tonne per annum (KTPA). These units will be selected as anchor projects, in line with the 2023 Government Resolution, which defines an anchor unit as one of the first three commissioned green hydrogen projects with a minimum capacity of 50 KTPA. Green hydrogen has versatile applications,…

|

Sekura Energy acquires 350 MW solar assets from O2 Power for Rs 20 billion

By

Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350 MW of operational solar assets from O2 Power in Madhya Pradesh for Rs 20 billion. These assets were developed under the Rewa Ultra Mega Solar (RUMSL) initiative, a joint venture between Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam (MPUVNL). Petronas-owned Gentari was also in contention for the acquisition. In 2021, Beempow Energy, a subsidiary of O2 Power, secured…

|

KEC International wins new orders worth Rs 10.03 billion

By

KEC International has won new orders worth Rs 10.03 billion across its railways, civil works, and cables segments. The company’s railways division secured a contract for a tunnel ventilation system and related works in India. Additionally, KEC received an order for civil and mechanical work at a steel plant in the country. The cables business also secured contracts for the supply of various types of cables, both domestically and internationally. 70% of this year’s order…

|

Surana Solar wins 54 MW solar project in Maharashtra

By

Surana Solar Limited has been awarded a letter of award (LoA) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to develop a 54 MW solar photovoltaic project in Maharashtra. The project falls under the Mukhyamantri Saur Krushi Vahini Yojna 2.0, which aims to implement solar energy at the feeder level under Component C of the PM-KUSUM Scheme. The project will operate at a tariff rate of Rs 2.99 per kWh, with a subsidy of…

|

NHPC issues tender for 1.2 GW ISTS-connected solar + energy storage system

By

NHPC has launched a tender for 1.2 GW of Inter-State Transmission System (ISTS)-connected solar power projects, including a 600 MW/12,000 MWh energy storage system (ESS). The tender also includes a greenshoe option for an additional 1.2 GW capacity. The deadline for bid submissions is October 18, with the project expected to be completed within 24 to 30 months from the signing of the power purchase agreement (PPA). The project, to be developed on a build-own-operate…