GE Vernova T&D India Limited secured a contract worth over Rs 4,000 million from Sterlite Power Transmission Limited on December 19, 2024.
The contract covers the supply and supervision of high voltage (HV) equipment.
The project is expected to be completed by December 19, 2026, and is being implemented through the tariff-based competitive bidding (TBCB) process.
Hero Motors, part of the Hero Motors Company (HMC) Group, has filed with SEBI to raise Rs 9 billion through an IPO. The offer includes Rs 5 billion in new shares and Rs 4 billion through an offer-for-sale by promoters. Promoter O P Munjal Holdings will sell shares worth Rs 2.5 billion, and Bhagyoday Investments and Hero Cycles will each sell shares worth Rs 750 million. The company may also conduct a pre-IPO placement of…
Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million. The agreement includes procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model. As part of the deal, Indus Towers will acquire a 26 per cent equity stake in the special purpose vehicle (SPV), supporting its renewable energy goals and commitment to achieving net-zero emissions. The solar…
The UK government faces warnings over its proposal to increase and extend the windfall tax on energy companies, which could threaten thousands of jobs and billions in investments. Offshore Energies UK (OEUK), supported by more than 40 organisations, expressed concerns in an open letter to Sarah Jones, UK Minister of State for Industry and Decarbonisation, regarding the recent approval of a 3% increase in the Energy Profits Levy (EPL), raising the rate to 78% and…
Rajasthan and Gujarat, India’s leaders in renewable energy, are urged to implement policy adjustments to sustain their progress, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Vibhuti Garg, IEEFA’s director for South Asia, noted that while slower states need to ramp up clean energy efforts, even leading states like Rajasthan and Gujarat should monitor and fine-tune their strategies to avoid losing momentum. A notable gap identified is Rajasthan’s…
Sumitomo Electric Industries Ltd has completed the Greenlink Interconnector Project. This milestone involved installing high-voltage direct-current (HVDC) and fiber optic cables for Greenlink Interconnector Ltd, using Sumitomo Electric’s innovative HVDC cross-linked polyethylene (XLPE) cables. The project connects the electricity grids of Ireland and the United Kingdom, with a new link between Great Island in County Wexford, Ireland, and Pembrokeshire, Wales, UK. Electricity will flow in both directions based on supply and demand in each country….
Vietnam‘s Ministry of Industry and Trade has drafted a new electricity law to establish a legal framework supporting the development of a modern, interconnected, and efficient power market while prioritizing national energy security. The proposed amendments aim to address gaps in power development regulations, improve coordination among ministries, and overcome challenges in bringing electricity investments to remote areas. A key focus of the draft law is on refining electricity pricing policies. The goal is to…