GE Vernova T&D India Limited has secured an order from Sterlite Power for the supply and supervision of 765 kV power transformers and reactors for the Khavda project.
The contract, valued at approximately Rs 4 billion, is scheduled to be completed within two years.
KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible securities, subject to shareholder and regulatory approvals. A “Fund Raising Committee” has been formed to finalize the QIP’s terms and conditions. In its financial results for H1FY25 (April to September), KEI Industries reported: Domestic institutional sales of wire and cable…
EliTe Solar has announced plans to invest over $150 million in building an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility, spanning 78,000 square meters, will focus on producing high-efficiency solar cells and assembling modules, with a significant portion of the output intended for export to key markets, including the US. The project will be completed in two phases, with the initial phase establishing a 2 GW solar cell production…
Non-bank lender Vivriti Capital has secured USD 25 million from the Asian Development Bank (ADB) to support climate finance initiatives. The senior secured debt facility has a four-year tenor and represents the first certified climate bond issuance by a private-sector non-banking financial company (NBFC) in India, according to an official statement.
AMPIN Energy Transition has achieved financial closure for its 200 MW solar-wind hybrid project in Rajasthan, securing green financing of Rs 7.42 billion from Standard Chartered. The total investment in the project is valued at Rs 9.44 billion. Upon completion, the plant is expected to generate approximately 435 million units of renewable energy annually, supplying power to around 74,486 households. Standard Chartered, committed to expanding its sustainable finance efforts, aims to mobilize USD 300 billion…
REPLUS Engitech has signed a Memorandum of Understanding (MoU) with Green Power Monitor (GPM) to deploy advanced AI-enabled Energy Management Systems (EMS) and Power Plant Controllers (PPC) in India and global markets. This collaboration aims to strengthen grid security, stability, and the integration of Battery Energy Storage Systems (BESS) with renewable energy solutions. GPM’s PPC, a sophisticated digital control system, manages active and reactive power, frequency, voltage, power factor, ramp control, and STATCOM controls. It…
Replus Engitech Private Limited has partnered with Hero Future Energies to sign a turnkey contract for 250MWh Battery Energy Storage System (BESS) projects. The projects, set for Gujarat, Karnataka, and Andhra Pradesh, will enhance the integration of solar and wind energy systems over the next 18 months. Replus has a successful history of 28MWh BESS projects and ongoing developments in Congo and Saudi Arabia.