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IndiGrid and JSW Energy report profit growth in FY 2024-25
IndiGrid Infrastructure Trust and JSW Energy Limited have reported solid financial results for the year ending March 31, 2025. IndiGrid posted a net profit of Rs 4.11 billion, marking a 38.85 per cent increase from Rs 2.96 billion in the previous year. Its total income rose by 15.1 per cent to Rs 34.38 billion. In…
NTPC secures land in three states for nuclear power projects
NTPC Ltd has received land assurances from Gujarat, Chhattisgarh and Madhya Pradesh to set up nuclear power plants through its subsidiary NTPC Parmanu Urja Nigam Ltd (NPUNL), officials told Moneycontrol. The company has sought guarantees on water availability before beginning geotechnical studies. A twin 700 MW reactor unit requires about 70 million cubic meters of…
BrightNight commissions first phase of 115 MW hybrid project in Maharashtra
BrightNight has announced the commissioning of the first phase of Optima Maharashtra, a 115 MW hybrid renewable power project located in Dharashiv, southern Maharashtra. The project is one of the first co-located wind-solar projects in the state, marking the company’s entry into the Indian power grid. Optima Maharashtra integrates advanced wind and solar technologies powered…
Adani Group to supply 6,500 MW of power to MSEDCL
Adani Power and Adani Renewable Energy Fifty Five, subsidiaries of the Adani Group, have entered into agreements to supply a combined 6,500 MW of power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Adani Power has signed a 25-year Power Supply Agreement (PSA) to provide the state with approximately 1,500 MW of thermal power….
Pace Digitek secures MSPGCL order for 200 MWAC solar project
Pace Digitek Limited has secured an EPC order worth Rs 9,297.57 million from Maharashtra State Power Generation Company Limited for a 200 MWAC solar project. The contract includes three years of O and M and forms part of a 300 MWAC development planned by the state utility. The project will be delivered on a turnkey…
PG&E secures $15bn loan guarantee for Project Polaris
Pacific Gas & Electric (PG&E) has secured a record $15 billion loan guarantee from the US Department of Energy (DOE). The loan guarantee, the largest in the history of the DOE’s Loan Programs Office, will enable PG&E to expand hydropower generation, battery storage, upgrade transmission capacity with reconductoring and grid-enhancing technologies, and establish virtual power…
