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Andhra Pradesh lays foundation for 2,800 MWp hybrid project with BESS
The Government of Andhra Pradesh laid the foundation stone on May 16, 2025, for a 2,800 MWp wind-solar hybrid power project integrated with a 2,000 MWh Battery Energy Storage System (BESS) in Anantapur district. The project is being developed by ReNew Power Ventures Private Limited. The hybrid project will be executed in two phases: Phase…
GK Energy files DRHP for Rs 5 billion IPO to raise funds
GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares worth up to Rs 5 billion, along with an offer for sale of up to 8.4 million equity…
Kerala announces electricity tariff hike of 16 paise per unit
The Kerala government has announced a 16 paise per unit increase in electricity tariffs for the 2024-25 financial year, effective from December 5, 2024. An additional hike of 12 paise per unit will follow in the 2025-26 financial year. This marks the fifth tariff increase under the Pinarayi government’s tenure since 2016. Electricity Minister K…
NHPC approves 1,200 MW Jalaun solar park in Uttar Pradesh
The Board of Directors of NHPC Limited has approved the development of a 1,200 MW solar power park in Jalaun, Uttar Pradesh. The project will be implemented by Bundelkhand Saur Urja Limited (BSUL), a joint venture between NHPC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). It is part of the Ultra…
PFC opens Rs 5,000 crore secured NCD issue
Power Finance Corporation Limited (PFC) has announced the launch of a public issue of secured, redeemable, non-convertible debentures (NCDs). The issue has a base size of Rs 500 crore, with an option to retain oversubscription of up to Rs 4,500 crore, taking the total tranche size to Rs 5,000 crore. The issue opens on January…
BII commits $95 million to climate action in South-East Asia
British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA). SARA, a joint initiative between BII, FMO, and SUSI under SAETF, aims to develop a 500…
