Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.Â
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Power Grid Corporation of India Limited (PGCIL) has cleared investments for three transmission projects. The Committee of Directors (CoD) on investment of projects gave the green light on May 1, 2025. The first is a transmission system aimed at strengthening power evacuation from the Bhadla and Bikaner complex. The project will cost Rs 2.12 billion…
NHPC Limited and Uttar Pradesh Power Corporation Limited (UPPCL) have signed a Power Purchase Agreement (PPA) for the supply of electricity from NHPC’s 260 MW Dulhasti Stage-II Hydroelectric Project in Jammu & Kashmir. The agreement was signed in Lucknow on June 24, 2026. Under the agreement, UPPCL will procure power from the project for a…
Moldova’s Energocom has issued a wind power tender of about 105 MW, and the Ministry of New and Renewable Energy has posted the notice on its website. The tender seeks onshore projects using modern multi MW turbines with a minimum rating of 3 MW. The technical requirements remain extensive. Turbines must comply with IEC Class…
NTPC has commissioned a 3.7 MW solar hydrogen project in Ladakh. The facility was inaugurated virtually by Defence Minister Rajnath Singh. The company has built a standalone microgrid that uses hydrogen for storage and can supply 200 kW of continuous power year-round. The system is intended to replace diesel generator sets now used at remote…
REC Limited and Power Finance Corporation Limited (PFC) have announced that their respective Boards of Directors have approved the proposal for the merger of REC into PFC, subject to the approval of the Hon’ble President of India in accordance with their Articles of Association. In separate exchange filings, both state-owned non-banking financial companies (NBFCs) said…
The Ministry of New and Renewable Energy (MNRE) has withdrawn a provision that allowed vendors to submit rooftop solar applications with repeated solar module or inverter serial numbers through a legal undertaking under the PM-Surya Ghar: Muft Bijli Yojana. In an Office Memorandum (OM) issued on May 11, 2026, the Ministry stated that applications submitted…