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IDBZ approves 5 MW Gutu Solar Power Project in Zimbabwe
The Infrastructure and Development Bank of Zimbabwe (IDBZ) has approved the development of a 5 MW Gutu Solar Power Generation Plant. Under the agreement, IDBZ will fund the project, while the Gutu Rural District Council (GRDC) is providing the land under a 25-year lease agreement approved in October 2023. GRDC has already initiated site preparation, including land clearing, road construction, and fencing. The Ministry of Finance, Economic Development & Investment Promotion, with support from the…
Government launches PM E-DRIVE Scheme with Rs 109 billion
The government has launched the PM E-DRIVE Scheme, allocating Rs 109 billion to accelerate the adoption of electric vehicles (EVs), develop charging infrastructure, and boost India’s EV manufacturing ecosystem. The scheme will run from October 1, 2024, to March 31, 2026, subsuming the ongoing EMPS-2024 scheme. The scheme offers subsidies for electric two-wheelers (e-2Ws) based on battery power, providing Rs 5,000 per kilowatt hour in the first year, capped at Rs 10,000. In the second…
Exicom acquires Tritium for USD 37 million
Exicom, an EV charging solutions provider, has acquired Tritium, a global leader in direct current (DC) fast charging technology, for USD 37 million. As part of the acquisition, Exicom will establish a manufacturing facility in Hyderabad by the end of 2025 to produce advanced EV charging solutions using Tritium’s technology. The acquisition includes absorbing Tritium’s entire workforce of 300 employees, allowing Exicom to enhance its operational capabilities across multiple geographies. Tritium’s expertise in designing and…
GAIL, RRVUNL to collaborate on 1 GW solar, wind projects
GAIL (India) Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) have signed a memorandum of understanding (MoU) to explore the development of 1 GW solar and wind projects in Rajasthan, as well as the joint operation of gas-based power plants in the state. The non-binding MoU includes the potential transfer of RRVUNL’s gas-based power plants in Dholpur and Ramgarh to a proposed joint venture company between GAIL and RRVUNL. The partnership will focus on…
Consultant appointed for intrastate TBCB scheme in UT of J&K
PFC Consulting Ltd (PFCCL) has appointed New Delhi-based GIS Data Solutions as the technical consultant for an intrastate transmission system (InSTS) project in Jammu & Kashmir. The consultant will carry out land surveys and prepare the project report for the transmission network. The project, officially titled “Laying of downstream transmission network from upcoming 400/220kV grid substation Siot, Rajouri (ISTS) and construction of a 160MVA, 220/66/11kV grid station at Baghthali, Kathua along with LILO of 220kV…
BHEL secures contract for Telangana Stage-II thermal power plant
Bharat Heavy Electricals Ltd (BHEL) has secured a contract from NTPC Ltd to establish the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant. The contract encompasses design, engineering, manufacturing, supply, erection, commissioning, and civil construction. BHEL has received a Limited Notice to Proceed (LNTP) from NTPC to commence basic engineering work for the main plant package. Before this contract, BHEL had contributed to over 57% of NTPC’s thermal power installations…