Reliance Power Limited has entered into an agreement to sell its entire stake in five Indonesian coal subsidiaries to Biotruster (Singapore) Pte. Limited for USD 12 million. The transaction is expected to close by 30 December 2025, subject to customary conditions. It covers 100 per cent equity in PT Avaneesh Coal Resources, PT Heramba Coal…
Oyster Renewable Energy has obtained a Rs 1,844 crore loan to develop a 342 MW hybrid renewable energy project in Madhya Pradesh, combining solar and wind capacities. The loan will fund the procurement of equipment, including solar panels, wind turbines, and inverters, to ensure efficient and reliable power generation and long-term project performance. Construction will…
Goa is considering a Rs 5,000 crore loan from the Japan International Cooperation Agency (JICA) to modernise its electricity network and improve reliability and efficiency across residential, commercial, and industrial consumers. The funding would support the replacement of ageing transmission and distribution equipment, including substations, transformers, and distribution lines, aiming to reduce technical losses and…
India’s solar manufacturing sector added 44.2 gigawatts (GW) of module capacity and 7.5 GW of cell capacity in the first half of 2025, according to Mercom India’s report State of Solar PV Manufacturing in India 1H 2025. The report links the growth to the 186 GW large-scale solar project pipeline expected between 2025 and 2027,…
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder to develop the “Inter-Regional Strengthening between Southern Region (SR) Grid and Western Region (WR) Grid” project under the Tariff-Based Competitive Bidding (TBCB) framework. The company received the Letter of Intent on 29 September 2025. The project will be implemented on a Build,…
REC Limited and Power Finance Corporation Limited (PFC) have announced the formation of new wholly owned subsidiaries to serve as project vehicles for upcoming power transmission schemes in Karnataka, Rajasthan, and Maharashtra. REC has incorporated Kempegowda Power Transmission Limited and Barmer HVDC Power Transmission Limited as subsidiaries of REC Power Development and Consultancy Limited (RECPDCL),…
SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN Limited, has declared commercial operation of 128.88 MW from its Bikaner Solar Power Project on 30 September 2025. With this addition, the project has reached a cumulative commissioned capacity of 629.90 MW out of the planned 1,000 MW. The balance capacity is expected to…
Waaree Energies Limited has commissioned a 950 MW solar module manufacturing line at its plant in Degam, Chikli taluka, Navsari district, Gujarat. The facility began operations on 30 September 2025. In September 2025, the company also added four subsidiaries under Waaree Forever Energies Private Limited, including Waaree Forever Energies Three Private Limited incorporated on 24…
Adani Green Energy Limited (AGEL) has brought 408.1 MW of renewable energy projects into operation at Khavda, Gujarat, through its step-down subsidiaries. With this addition, AGEL’s total operational renewable generation portfolio now stands at 16,486.1 MW. The projects were cleared for commissioning on 30 September 2025, and generation began on the same day. The commissioned…
Bharat Heavy Electricals Limited (BHEL) has received Notifications of Award from Madhya Pradesh Power Generating Company Limited (MPPGCL) for engineering, procurement, and construction (EPC) contracts covering two 660 MW supercritical thermal power projects in the state. The notifications, issued on 29 September 2025, relate to Amarkantak Unit 6 in Anuppur district and Satpura Unit 12…