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Sterlite Power raises Rs 7.25 billion to expand global operations
Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first fundraising round since the company’s demerger. The round saw participation from GEF Capital Partners and ENAM Holdings. The capital will be used for ongoing…
Tata Power acquires Paradeep Transmission for ERES XXXIV Expansion
Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company. The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of…
Nexans secures €1bn LanWin2 project with TenneT for offshore grid
Cable systems and services provider Nexans has signed a €1 billion ($10.3 billion) agreement with TenneT for the LanWin2 project, part of TenneT’s 2GW offshore grid connection programme in the German North Sea. The LanWin2 project includes the engineering, procurement, construction, and installation (EPCI) of 525 kV high-voltage direct current (HVDC) onshore and offshore export…
Oriana Power secures SECI award for 60,000 TPA green ammonia
Solar Energy Corporation of India (SECI) awarded Oriana Power a contract to supply 60,000 tonnes a year (TPA) of green ammonia under the Strategic Interventions for Green Hydrogen Transition programme (Mode-2A-Tranche-I). The quoted tariff was Rs 52.25 per kg. The product will go to Madhya Bharat Agro Products in Sagar, Madhya Pradesh, for a 10-year…
Actis explores sale of Athena Renewable Energy platform
Global investor Actis is reportedly exploring a potential sale of its Indian renewable energy platform, Athena Renewable Energy, at a valuation of around Rs 3,000 crore, according to The Economic Times. The United Kingdom-based sustainable infrastructure investor has appointed Kotak Mahindra Capital as its financial advisor for the potential transaction. The 550 MW solar platform…
BPCL and Volks Energie to develop India’s first solar plant with LFP BESS
Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6…
