CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case…
Bharat Heavy Electricals Limited (BHEL) has informed that the Department of Investment and Public Asset Management (DIPAM) did not approve the proposed joint venture (JV) with REC Power Development and Consultancy Limited (RECPDCL). The board communicated this decision in its meeting on September 25, 2025, following a previous clarification issued on May 10, 2025. The…
Oil and Natural Gas Corporation (ONGC) plans to expand its renewable energy portfolio to 2.5–3 gigawatts (GW) by 2030, Executive Director Satyan Kumar said on September 24, 2025. The company currently holds about 2.5 GW of renewable capacity. Kumar also said ONGC intends to import 3 million tons of liquefied natural gas (LNG) per year…
Maharashtra State Electricity Distribution Company Limited (MSEDCL) has introduced an online platform to approve requests for raising electricity load up to 157 kilowatts (kW) for industrial, commercial, domestic, and other low-voltage consumers. The system allows approvals to be completed within 24 to 48 hours after fee payment. Most cases do not require additional infrastructure, allowing…
NTPC Limited is preparing to acquire nuclear reactors in large numbers as part of India’s strategy to install 100 gigawatts (GW) of nuclear power capacity by 2047. The state-run utility expects to account for nearly one-third of this planned capacity. The company is considering high-capacity reactor units in the range of 700 MW to 1,730…
The Ministry of New and Renewable Energy (MNRE) has released an updated assessment of India’s ground-mounted solar photovoltaic (PV) capacity and launched a new training initiative on solar manufacturing. Union Minister for New and Renewable Energy Pralhad Joshi announced the two programmes in New Delhi on 23 September 2025. The report titled Solar PV Potential…
China’s carbon emissions may decline by 1.6 billion tonnes by 2030 if 17.5 trillion yuan ($2.5 trillion) in green investment is mobilised over the next five years, according to a research note by China International Capital Corporation (CICC) cited by Bloomberg. CICC projects that China’s emissions will peak at 11.3 billion tonnes in 2028. The…
PFC Consulting Limited (PFCCL) has launched the bid process to select a Transmission Service Provider (TSP) for the “Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A” in Maharashtra. PFCCL was appointed as the Bid Process Coordinator (BPC) on August 19, 2025. The selected TSP will be responsible for designing, constructing,…
Solarworld Energy Solutions Limited launched its initial public offering (IPO) of equity shares on September 23, 2025. The issue totals up to Rs 4.9 billion, including a fresh issue of Rs 4.4 billion and an offer for sale of Rs 0.5 billion by existing shareholders. The IPO subscription opened on September 23, 2025, and will…
Hero Future Energies Private Limited (HFE), via its special purpose vehicle Clean Solar Power Barmer Private Limited, has obtained Rs 10.24 billion in financing from the State Bank of India. The funds are allocated for a 60 MW hybrid peak power project in Kurnool district, Andhra Pradesh. The project integrates solar, wind, and energy storage…