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DVC enters into financing agreement with SBI for thermal power plant

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Damodar Valley Corporation (DVC) has secured a financing agreement of Rs 100.5 billion with the State Bank of India (SBI) for the 2X800 MW Koderma Thermal Power Project, Phase-II, in Jharkhand. This funding will cover the majority of the Rs 14.36 billion project cost. The agreement outlines loan arrangements and financial terms necessary for the plant’s construction and operation.

With a total capacity of 1,600 MW, the project aims to boost power generation in the region while promoting socio-economic development.

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Graphic Packaging signs vPPA with Zelestra for 83 MW solar projects in Spain

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India’s renewable energy storage capacity set to surge to 6 GW by 2028: Crisil

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UK household energy bills to rise 10% from October 

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UK energy regulator Ofgem announced a 10% increase in the price cap on household energy bills, raising the cap to £1,717 ($2,250) per year starting October 1. This is the first increase since January 2023, when the cap hit a record high of £4,279. The new cap, effective until December 31, is £117 cheaper than the same period last year but still reflects ongoing volatility in global gas markets. The rise is attributed to severe…

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