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ADB approves USD 241.3 million for electricity distribution in West Bengal
The Asian Development Bank (ADB) has approved a USD 241.3 million financing package to enhance electricity distribution in West Bengal, ensuring a reliable and sustainable power supply. This program aligns with the revamped distribution sector scheme (RDSS) to strengthen operational efficiency in power distribution companies. The West Bengal Distribution System Strengthening Program will cover seven…
GE Vernova wins PGCIL order for Chandrapur HVDC upgrade
GE Vernova T&D India Limited announced on 17 December 2025 that it has received a Letter of Award from Power Grid Corporation of India Limited (PGCIL) for the refurbishment of the 2 x 500 MW high voltage direct current (HVDC) Chandrapur back to back link. The project is a key interconnection between the Northern and…
PFCCL incorporates Bhuj ICT Transmission for Rs 5.87 billion grid project
PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited (PFC), has incorporated Bhuj ICT Transmission Limited as a Special Purpose Vehicle (SPV) to develop the Rs 5.87 billion “Provision of ICT Augmentation & Bus Reactor at Bhuj-II PS” transmission project. This initiative, under the Tariff-Based Competitive Bidding (TBCB) process, is expected to be…
SAEL and Shakti Pumps announce new solar manufacturing investments
SAEL Industries Limited and Shakti Pumps (India) Limited have separately announced new investments aimed at expanding domestic solar manufacturing capacity, with a focus on meeting future demand and aligning with domestic content requirement (DCR) norms. SAEL Industries, through its subsidiary SAEL Solar P6 Private Limited, plans to set up an integrated solar manufacturing facility in…
PVV Infra expands clean energy project to Rs 1,250 crore
PVV Infra Limited has entered into a technology collaboration with ITC Services Company Limited, Taiwan, raising the value of its integrated clean energy manufacturing project in Andhra Pradesh to approximately Rs 1,250 crore. The company’s board approved a Memorandum of Understanding (MoU) with ITC Services Company Limited covering consultancy, customization and technology transfer for high-efficiency…
NGEL signs MoU with PTC India for renewable power sales
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with PTC India Limited on March 31, 2026. The agreement aims to explore the sale of renewable energy through bilateral arrangements and other market-based mechanisms. Non-binding framework for future transactions The MoU was signed by Sarit Maheshwari, Chief…
