Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO).
The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares.
The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
Adani Green Energy, part of India’s Adani Group, has decided to withdraw from two proposed wind power projects in Sri Lanka due to financial challenges. The decision follows recent discussions with the Sri Lankan government regarding the reduction of power generation costs. Sri Lanka’s capital, Colombo, had aimed to lower the cost of power to…
The Tata Power Company Limited and Druk Green Power Corporation Limited have expanded their clean energy partnership by signing an amendment to their Memorandum of Understanding (MoU) to include the 404 MW Nyera Amari I and II Integrated Hydropower Project. With the addition of the new project, the total hydropower capacity identified under the partnership…
Dineshchandra R Agrawal Infracon Private Limited (DRAPL) has been awarded the contract to act as the Transmission Service Provider (TSP) for the Transmission System for evacuation of power from Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 4: 3.5 GW): Part B. The project will be developed under the Tariff-Based Competitive Bidding (TBCB) process on…
NavPrakriti Green Energies Private Limited will invest over Rs 1 billion to set up a greenfield critical minerals refining facility in Odisha, with operations expected by the financial year 2028-29. The facility will process up to 5,000 tonnes per annum (TPA) of end-of-life batteries. It is designed to recover high-purity lithium, cobalt, nickel, and other…
Tata Power Company Ltd has outlined a plan to set up a 10 GW ingot and wafer manufacturing facility in Odisha with an investment of Rs 10000 crore. The project is intended to expand the company’s solar manufacturing base and support its upstream supply chain. The company said ingots and wafers serve as core inputs…
Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources. These contracts for low carbon inertia services (LCIS) will help balance the grid by providing 6,963 MVA of synchronous inertia, reactive power support,…