Gensol Engineering Ltd and Matrix Gas & Renewables Ltd have secured a Rs 4.5 billion production-linked incentive (PLI) award to manufacture a 237 MW hydrogen electrolyser. The award is part of a competitive tender issued by the Solar Energy Corporation of India (SECI), with the consortium’s total secured capacity reaching 300 MW, including a previous 63 MW award under the first tranche.
Electric intercity bus startup Fresh Bus has secured Rs 875 million in its Series A funding round, led by Maniv, with participation from Shell Ventures, Alteria Capital, and Riverwalk Holdings. Founded last year, Fresh Bus has quickly become a leader in electric bus mobility, currently operating 20 buses on routes like Bengaluru-Tirupati and Hyderabad-Vijayawada. The new funds will enable Fresh Bus to expand its operations by adding 15 new routes and deploying 150 additional electric…
The Central Electricity Authority (CEA) has announced amendments to its procedures for cross-border electricity import and export, offering new flexibility for power generators. The key change, detailed in a notification issued on 12 August 2024, modifies Clause 7.3.3 of the 2018 guidelines for cross-border electricity trade. Previously, the guidelines prohibited any electrical connection between the applicant’s electricity system and India’s inter-state or intra-state grids. The recent amendment now permits such connections, provided they receive approval…
GE Power India Ltd has secured a Rs 472.7 million order from Steag Energy Services (India) Private Ltd for renovation and maintenance (R&M) work on a 600 MW boiler. The order value excludes an 18% GST, according to the company’s exchange filing. The project is expected to be completed within 6.5 months.
The opposition Biju Janata Dal (BJD) in Odisha has expressed concern over the potential impact of Andhra Pradesh’s Polavaram project on the tribal communities of Malkangiri district. The party’s “fact-finding” team, led by former minister Atanu S Nayak, reported to BJD president Naveen Patnaik that the recent budgetary allocation by the central government and the commitment to complete the project by February 2026 has heightened fears among the local tribal population. The team visited the…
The National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt SKS Power Generation by Sarda Energy & Minerals for Rs 22 billion. This acquisition allows Indian banks, which have an exposure of Rs 18.9 billion, to recover their entire amount from the electricity generation firm. SKS Power Generation owns a 600-MW power plant in Chhattisgarh, currently operated by NTPC. The committee of creditors, led by State Bank of India (SBI) and Bank of…
Power trading solutions provider PTC India posted a 33% increase in its consolidated net profit for the June quarter, reaching Rs 18.9 billion, up from Rs 14.3 billion in Q1 FY24. The rise in profit was attributed to lower expenses, which fell to Rs 448.6 billion from Rs 460.4 billion a year ago. Earnings per share (EPS) increased to Rs 5.87 in Q1 FY25 compared to Rs 4.39 in Q1 FY24. Trading volume remained relatively…
The Indian government has amended its power export rules, allowing Adani Power’s 1,600 MW Godda coal-fired plant in Jharkhand, previously contracted to supply all its output to Bangladesh, to now supply electricity to the domestic market. The amendment, detailed in an internal power ministry memo dated 12 August, permits the plant to connect to the Indian grid and sell power locally in cases of sustained non-scheduling of its capacity or payment delays. This change, which…
Waaree Energies, a major player in India’s renewable energy sector, has secured an order from Juniper Green Energy Ltd. to supply 90 MW of solar modules for a large-scale project in Bikaner, Rajasthan. The project will feature Waaree’s innovative dual glass bifacial modules, which can absorb sunlight from both sides, increasing energy generation and efficiency, particularly in regions like Rajasthan with high reflective surfaces.
Honeywell and Repsol are collaborating to develop and scale new technologies for producing biofuels and circular materials. The partnership will utilize Honeywell’s processes to convert waste materials like fats, oils, and biomass into renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel, at Repsol’s refineries. Repsol is also considering Honeywell’s UpCycle Process Technology to enhance plastic recycling capabilities, aiming to recycle up to 90% of waste plastics. This collaboration supports Repsol’s goal of achieving…
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