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India | Generation | NewsBHEL secures Rs 13,500 crore NTPC Telangana Stage-II contract
Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for the main plant package of the 3×800 MW Telangana Stage-II supercritical thermal power project in Peddapalli district, Telangana. The contract is valued at over Rs 13,500 crore, excluding Goods and Services Tax (GST). The NOA was issued on March…
REC subsidiary transfers Umred transmission SPV to MAHATRANSCO
REC Limited has informed the stock exchanges that its wholly owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has completed the sale and transfer of Umred Power Transmission Limited. The project-specific special purpose vehicle (SPV) has been transferred to the successful bidder after receipt of consideration. Umred Power Transmission Limited was incorporated on July…
I Squared Capital launches $1 billion India transmission platform
I Squared Capital has launched Cube Grid, a $1 billion platform focused on investing in India’s power transmission sector. The Miami-headquartered firm said the platform will build and acquire transmission infrastructure assets to support rising electricity demand and grid expansion requirements in India. I Squared Capital has signed definitive agreements for seed assets comprising more…
- News | Generation | India
AP Genco proposes 3,200 MW thermal plant in Srikakulam
Andhra Pradesh Power Generation Corporation (AP Genco) has proposed a 3,200 megawatt (MW) thermal power project at Vennelavalasa in Srikakulam district, with an estimated investment of Rs 30,000 crore. The project will have four units of 800 MW each and require about 2,000 acres of land. A detailed project report is being prepared by Delhi-based…
CrossBoundary Energy secures $140m from Standard Bank
CrossBoundary Energy has secured a $140 million senior debt commitment from Standard Bank of South Africa to scale its renewable energy portfolio across Africa. The financing marks the first tranche of a broader $300 million debt mandate with Standard Bank. CrossBoundary Energy’s current portfolio spans 18 African countries, including 330 MW of solar and wind…
Tata Power completes second tranche of investment in Bhutan hydropower project
Tata Power Company Limited has completed the second tranche of its planned investment in Khorlochhu Hydro Power Limited (KHPL), securing a 40% equity stake in the company developing a 600 MW hydropower project in Bhutan. The latest infusion of Rs 60 crore forms part of a broader acquisition worth about Rs 830 crore. In a…
