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Karnataka signs MoU with GAIL for 1,000 MW RE projects
The Government of Karnataka signed a Memorandum of Understanding with GAIL (India) Limited on May 9, 2025. The agreement aims to develop 1,000 MW of renewable energy projects in the state by 2030. Under the MoU, the state government will assist GAIL in securing all necessary permissions, approvals, clearances, registrations, and incentives through relevant departments….
Tripura installs over 590 rooftop solar units under PM Surya Ghar
Tripura has recorded over 15,700 registrations under the PM Surya Ghar Muft Bijli Yojana, with 591 rooftop solar systems installed so far, according to a press release cited by Tripura Times. Of the total, 516 beneficiaries have received government subsidies, while 117 consumers reported zero power bills this month. These households also earned a combined…
Tata Power secures LoI from RECPDCL for power transmission project
Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited. The project, to be developed on a build-own-operate-transfer (BOOT) basis, will offer transmission services for 35 years starting from the commercial…
ED arrests Reliance Power CFO over Rs 68 crore fake bank guarantee
The Enforcement Directorate (ED) arrested Ashok Kumar Pal, CFO of Reliance Power, in a money laundering probe linked to a purported Rs 68.2 crore fake bank guarantee submitted to SECI. Reliance Power said the company and its subsidiaries were victims of fraud and forgery. The firm confirmed Pal has stepped down to assist the probe…
PG&E secures $15bn loan guarantee for Project Polaris
Pacific Gas & Electric (PG&E) has secured a record $15 billion loan guarantee from the US Department of Energy (DOE). The loan guarantee, the largest in the history of the DOE’s Loan Programs Office, will enable PG&E to expand hydropower generation, battery storage, upgrade transmission capacity with reconductoring and grid-enhancing technologies, and establish virtual power…
India | Generation | NewsNHPC stake in Chenab Valley Power Projects falls to 50.86%
NHPC has informed stock exchanges that its shareholding and voting rights in Chenab Valley Power Projects (CVPPL) have declined from 58.16% to 50.86% following an additional equity infusion by Jammu and Kashmir State Power Development Corporation (JKSPDC). The company clarified that CVPPL will continue to remain a subsidiary of NHPC despite the reduction in stake….
