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MCL to invest Rs 649 billion in clean and thermal energy
Mahanadi Coalfields Limited (MCL) is scaling up its presence in Odisha’s energy sector with a major investment plan of Rs 649 billion. The company aims to diversify beyond coal and enter both renewable and thermal power segments. At the core of this strategy is a 2,100 MW renewable energy expansion in Odisha. This includes 2,000…
Estuary Power secures financing for Escape solar project in Nevada
Estuary Power has closed a $340 million financing package for the Escape solar and storage project in Lincoln County, Nevada. The project will feature 185MW of solar capacity combined with 400MWh of battery energy storage, providing reliable power to key customers including MGM Resorts International, Overton Power District, Caesars Entertainment, and Wynn Las Vegas. The…
SEIL to invest Rs 200 crore in breaker and switchgear panel capacity
Schneider Electric Infrastructure Ltd (SEIL) plans to invest about Rs 200 crore to expand manufacturing capacity for circuit breakers and switchgear panels. The investment will support new facilities and upgrades aimed at both domestic and international markets. SEIL will invest Rs 90.60 crore to set up a new circuit breaker plant in Kolkata with an…
India | Generation | NewsNHPC signs agreement for Uri-II, Dulhasti-II hydro projects
NHPC Limited has signed an implementation agreement with Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL) for the development of the 240 MW Uri-I Stage-II and 260 MW Dulhasti Stage-II hydroelectric projects in the Union Territory of Jammu & Kashmir. The agreement was signed on March 27, 2026 in Jammu, as disclosed in a…
Nomura projects 7% CAGR in India’s power demand through FY27
Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27. This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing…
CIB invests $224.2m in Goose Harbour Lake Wind Farm in Nova Scotia
The Canada Infrastructure Bank (CIB) has committed $224.2 million in loans to support the $450 million Goose Harbour Lake Wind Farm project in Guysborough County, Nova Scotia. Developed by Port Hawkesbury Paper Wind and RES Canada Construction, the wind farm will enhance Nova Scotia’s energy grid and provide clean power to Port Hawkesbury Paper, the…
