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GUVNL discovers tariff of up to Rs 1.89 lakh per MW per month in Phase VII BESS tender
Gujarat Urja Vikas Nigam Ltd has closed its Phase VII tender for 4 GWh of battery storage capacity. The process covered 2 GW with two hours of storage and led to tariffs between Rs 1.85 lakh and Rs 1.89 lakh per MW per month. The auction’s lowest tariff was Rs 1.8539 lakh per MW per…
India | Leadership | NewsBHEL appoints new heads for power marketing and FSIP units
Bharat Heavy Electricals Limited (BHEL) has announced new leadership appointments for two key business units. The changes were disclosed to the stock exchanges through separate filings dated December 15. Shri Navin Kaul has been appointed as General Manager and Head of Power Sector Marketing, Power Sector Business Group I (PS BG I), based in New…
China to continue coal plant construction through 2027
China plans to continue building coal-fired power plants until at least 2027, according to new government guidelines aimed at upgrading the country’s coal power infrastructure. The decision, released by China’s state planner and energy regulator, is stirring debate over the nation’s long-term climate commitments, particularly its pledge to start cutting coal use between 2026 and…
- News | Generation | India
Jindal Power to acquire 1,350 MW Jhajjar Power Project
Jindal Power Limited has entered into an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy. The transaction involves the transfer of all paid-up share capital of Jhajjar Power Limited (JPL), a wholly owned subsidiary of Apraava Energy, to Jindal Jhajjar Power Limited, a subsidiary of Jindal Power. The acquisition…
Yinson Renewables secures $59m financing for Peru’s Matarani solar project
Yinson Renewables has obtained $59 million in senior secured green financing for the 97 MW peak Matarani solar project in Peru. The financing, arranged by IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB), adheres to the Green Loan Principles 2023. The Matarani solar project, located near Arequipa, is Peru’s first non-subsidized operational solar…
PFC completes transfer of two transmission SPVs to winning bidders
Power Finance Corporation Limited (PFC) has completed the transfer of two wholly owned subsidiaries held through its subsidiary, PFC Consulting Limited, to successful bidders. The transfers were finalised on February 3, 2026, following completion of the bidding process. PFC stated that the transactions were conducted at arm’s length and are not related to any promoter…
