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Genus Power establishes two SPVs for smart metering under RDSS
Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS). The projects will focus on strengthening, renovating, and augmenting existing distribution systems to improve efficiency and reliability in power distribution.
Fortum reports daily cyberattack attempts on its power assets
Finnish utility Fortum has revealed that its power assets face daily cyberattack attempts and less frequent surveillance activities, such as drone flyovers. According to CEO Markus Rauramo, disturbances in satellite connections were also noted earlier this year. Fortum, whose assets include hydropower, wind, solar, nuclear, and heat plants, has engaged Finnish authorities to investigate these incidents. The company has implemented precautionary measures, including strict access controls, security services, and emergency drills with local authorities. Fortum’s…
Tata Power partners with IndusInd Bank to finance solar installations for MSEs
Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million. This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public and private lenders are increasingly collaborating with solar companies to offer financing for commercial and residential projects. Last week, Solex…
Aquila sells 25.9% stake in Norway’s Tesla wind farm
Aquila European Renewables has signed an agreement to sell its 25.9% stake in the 150MW Tesla wind farm in southern Norway to Sunnhordland Kraftlag (SKL) for €27.1 million ($30.1 million). SKL, a Norwegian energy company specializing in hydropower plants, will acquire the stake in the operational onshore wind farm, which Aquila European Renewables had acquired in 2019. The sale price represents a 10.8% premium over Aquila’s fair value of the asset as of 30 June…
Hindustan Zinc’s top-quality zinc used in India’s heaviest power transmission steel pole
Hindustan Zinc Ltd has announced that its premium zinc was used in the galvanization process for India’s heaviest power transmission steel pole. The 400kV dual pole structure, standing 57 meters tall, was galvanized using Hindustan Zinc’s special high-grade (SHG) zinc ingots and low-dross jumbo SHG zinc. This process provides essential protection against corrosion, air, water, heat, and pollution, enhancing the pole’s structural integrity. The structure, manufactured by Skipper Ltd, is part of the 400kV Quad…
HP Green R&D Centre inks tie-up with EIL for hydrogen technology
Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology. Under this partnership, HPCL will act as the “Technology Licensor,” while EIL will be the exclusive “Technology & Engineering Partner,” responsible for engineering, marketing, and commercialising HP-PSA technology across India. The HP-PSA technology, developed by HPGRDC, has proven effective with a six-bed hydrogen PSA unit at…