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Power Grid approves three transmission projects worth Rs 584 crore
Power Grid Corporation of India Limited (POWERGRID) has approved three transmission and communication infrastructure projects with a combined estimated cost of Rs 584.13 crore, according to a regulatory filing. The approvals were granted by the company’s Committee of Directors on Investment on Projects. The first project involves augmentation of 1×500 MVA, 400/230 kV Interconnecting Transformer…
Global energy transition investment grows 11% to $2.1tn in 2024
Investment in the global low-carbon energy transition rose 11% in 2024, reaching $2.1 trillion, as reported by BloombergNEF’s Energy Transition Investment Trends 2025. Key drivers of this growth were electrified transport, renewable energy, and power grids, although the pace of growth was slower compared to previous years. Electrified transport saw the largest investment surge, with…
- India | Generation | News
Arunachal Pradesh inaugurates first commercial coal mine
The Ministry of Coal has launched the Namchik-Namphuk coal block in Arunachal Pradesh, marking the state’s first commercial coal mine. The block holds reserves of 15 million tonnes and is expected to generate over Rs 1 billion in annual revenue. Initially allocated in 2003, the block was revived through a transparent auction in 2022. The…
EAAIF, FMO, and DEG invest €84 million in Senegal solar projects
The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh…
Kosol Energie signs Rs 520 billion MoU to expand green energy in Gujarat
Kosol Energie Private Limited has signed a memorandum of understanding (MoU) worth Rs 520 billion at the Vibrant Gujarat Regional Conference. The investment will support the development of solar, green hydrogen, and green ammonia projects across the state. The company plans to use the capital to establish large-scale renewable energy parks, advanced manufacturing facilities, and…
Ofgem proposes £5-8 billion fund to accelerate UK energy transmission projects
Ofgem has launched a consultation on a proposed Advanced Procurement Mechanism (APM) that aims to invest between £5 billion and £8 billion to help Britain’s energy transmission owners reduce delays, control costs, and attract global investment in the transition to net zero. The consultation runs until December 18, 2024. The APM will allow transmission owners…
