Inox Neo Energies Limited, a wholly owned subsidiary of Inox Clean Energy Limited, has signed definitive agreements with Evergreen Power Mauritius Private Limited and Evergreen Renewables Private Limited to acquire a wind-solar hybrid portfolio of 640 MW contracted capacity, equivalent to about 850 MW DC. The portfolio consists of five greenfield hybrid projects in Maharashtra…
The Indian Renewable Energy Development Agency (IREDA) has mobilised Rs 4.53 billion through its second perpetual bond issue at a coupon rate of 7.70 percent per annum. The issue received bids worth Rs 13.43 billion against the base size of Rs 1 billion and a green shoe option of Rs 4 billion, resulting in an…
SnapE Cabs has secured $2.5 million in a bridge deck funding round led by Inflection Point Ventures. The company will use the capital for operational expenses, leasing electric vehicles, and product development. The company became EBITDA positive in January 2025 and has expanded its electric vehicle fleet to more than 1,000 cars. It has also…
Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 27.2 billion across its power transmission and distribution (T&D) business. The contracts include T&D projects in both domestic and international markets, along with orders in the buildings and factories segment in India. For the first quarter of FY 2025-26, KPIL reported revenue of Rs…
Prostarm Info Systems Limited has incorporated a wholly owned subsidiary, Prostarm Karnataka BESS Private Limited, as a special purpose vehicle (SPV) to develop a 150 MW/300 MWh standalone battery energy storage system (BESS) at the 400 kV Doni substation in Karnataka. The project will be implemented under the tariff-based competitive bidding route on a build-own-operate…
Rajesh Power Services Limited has secured a turnkey contract worth Rs 1.43 billion from Dakshin Gujarat Vij Company Limited (DGVCL) for underground power infrastructure in Gujarat. The project involves converting the existing 11 kV and 22 kV high-tension overhead network into an underground cable and multi-volt concentric cable system. The work will be carried out…
The central government is preparing a carbon capture, utilisation, and storage (CCUS) programme estimated at Rs 38,900 crore, with Rs 19,500 crore to be committed from public funds. The balance is expected to be raised through bank loans and multilateral financing. According to officials, the programme will be structured into multiple sub-schemes. Research and development…
REC Power Development and Consultancy Limited (RECPDCL) has launched a tariff-based competitive bidding (TBCB) process to select a transmission service provider for evacuating power from the 450 MW Shongtong Karcham hydroelectric project (HEP) and the 150 MW Tidong HEP in Himachal Pradesh. The project, being developed by Himachal Pradesh Power Corporation Limited (HPPCL), is scheduled…
The Central Electricity Authority (CEA) has issued a circular detailing the procedure for Special Purpose Vehicles (SPVs) to formally identify generating units designated for captive use. The notification is mandatory for entities seeking captive status verification for the financial year 2025-26. According to the circular, SPVs that own a generating station and wish to verify…
A new framework to accelerate pumped storage hydropower has received support from more than 55 governments and international organisations. The move aims to strengthen clean energy systems globally. The Global Alliance for Pumped Storage (GAPS), which was created at COP29 in Baku, confirmed the adoption of its governing Principles at the International Forum on Pumped…