Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
The Central Transmission Utility (CTU) has notified the indicative capital cost for various configurations of dedicated transmission systems. The document, titled Indicative Capital Cost of Dedicated Transmission Systems, provides standard reference costs for dedicated transmission lines and reactive power equipment to support planning and cost sharing among developers, lenders, and utilities. The CTU has clarified…
AMPIN Energy Transition has commissioned a 50 MWp solar open access plant in Gatapar village, Bemetara district, marking its first project in Chhattisgarh and the company’s debut in the Eastern region. The plant will supply power to Texmaco Rail & Engineering Ltd. According to AMPIN, the project was completed in nine months and highlights the…
Tata Power has signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) during COP29 in Baku, Azerbaijan. The partnership will evaluate financing for strategic projects aimed at enhancing India’s power infrastructure and promoting renewable energy. The MoU includes projects such as a 966 MW solar-wind hybrid system, pumped hydro storage, energy transition…
STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu Hitam, Kedah, Malaysia. This agreement, under Malaysia’s Corporate Green Power Program, supports ST’s 2027…
The Competition Commission of India has approved the plan by Jindal Jhajjar Power Limited to acquire 100 per cent shareholding in Jhajjar Power Limited. The transaction involves the full purchase of Jhajjar Power Limited by Jindal Jhajjar Power Limited, a wholly owned subsidiary of Jindal Power Limited. Jindal Power Limited operates in the power sector…
Adani Power Limited has incorporated a wholly owned subsidiary, Integrated Power Supply Limited (IPSL), on May 14, 2026. The company received the certificate of incorporation on May 16, 2026, according to its stock exchange filing. IPSL has been incorporated in India with an authorised share capital of Rs 5,00,000, divided into 50,000 equity shares of…