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Vikram Solar moves NCLAT against insolvency admission order
Vikram Solar Ltd has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging an order of the Kolkata bench of the National Company Law Tribunal (NCLT) that admitted an insolvency petition against the company. The appeal has been filed even as the Corporate Insolvency Resolution Process (CIRP) has commenced, with the Interim…
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41 bids received for 11 coal blocks under 12th round of commercial auction
The Ministry of Coal opened bids for the 12th round of commercial coal block auctions on June 16, 2025. Out of 22 coal blocks offered (excluding six underground blocks), bids were received for 11 blocks. A total of 41 bids were submitted, both online and offline. These included 38 bids for 8 coal blocks under…
RECPDCL transfers four transmission SPVs to PGCIL and IndiGrid
REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects across India. The transfer took place on March 24, 2025. SPVs transferred to PGCIL PGCIL has taken over three SPVs for…
RFP issued for WR ER inter regional transmission expansion projects
REC Power Development and Consultancy Limited (RECPDCL) has invited Requests for Proposal (RFP) to select Transmission Service Providers for two components of the Western Region Eastern Region (WR ER) Inter Regional Network Expansion Scheme. The Ministry of Power (MoP), through a Gazette Notification dated September 18, 2025, appointed RECPDCL as the Bid Process Coordinator for…
Neoenergia sells Baixo Iguaçu hydroelectric plant in Brazil
Neoenergia, Iberdrola’s Brazilian subsidiary, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to EDF and STOA for 1,430 million Brazilian reals (approximately €240 million). Located in Paraná, the plant has an installed capacity of 350 MW and assured energy of 172 MWm. This transaction supports Iberdrola’s asset rotation strategy, focusing on…
PGCIL approves Rs 856 crore HTLS upgrade for two Tamil Nadu 400 kV lines
The Committee of Directors on Investment on Projects of Power Grid Corporation of India Limited (PGCIL) has approved an investment of Rs 856.94 crore for the reconductoring of the Tirunelveli–Udumalpet and Pugalur–Madurai 400 kV double-circuit transmission lines in Tamil Nadu. The project will replace the existing conductors with High Temperature Low Sag (HTLS) conductors to…
