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PSERC order cuts tariff for DEE Development’s biomass plant
The Punjab State Electricity Regulatory Commission (PSERC) has approved revised tariffs for DEE Development Engineers Limited’s 8 MW biomass power project in Fazilka district, Punjab. The order, dated August 20, 2025, follows a review petition filed after the expiry of the project’s initial 13-year tariff period under its power purchase agreement with Punjab State Power…
REC incorporates three transmission SPVs, issues RFP for Sakoli project
REC Limited has disclosed the incorporation of three new special purpose vehicles (SPVs) between 19 December 2025 and 20 December 2025. The entities have been set up through its wholly owned subsidiary REC Power Development and Consultancy Limited REC Power Development and Consultancy Limited (RECPDCL) to implement intra-state transmission projects in Maharashtra. Balsane Power Transmission…
World Bank approves loan for Bosnia and Herzegovina’s energy transition
On May 1, 2025, the World Bank’s Board of Executive Directors approved a €79.90 million loan and €2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan. This funding aims to enhance energy security, promote economic transition, and create job opportunities in regions shifting away from coal. The Just Transition in Select…
Orb Energy surpasses Rs 3 billion in financing for MSMEs’ solar transition
Orb Energy, a vertically integrated solar energy solutions provider, has crossed Rs 3 billion in financing disbursements through its zero-collateral, zero-down-payment in-house finance facility. This milestone underscores the company’s commitment to enabling Indian micro, small, and medium enterprises (MSMEs) and small- and medium-sized businesses (SMBs) to transition to solar energy. Orb Energy’s financing solutions address…
Waaree Energies completes acquisition of Waaree Semicon
Waaree Energies Limited has completed the acquisition of a 100% equity stake in Waaree Semicon Private Limited (WSPL) through its wholly owned subsidiary, Waaree Power Private Limited (WPPL). The transaction was completed for a total consideration of Rs 1 lakh. Following the acquisition, WSPL has become a step-down subsidiary of Waaree Energies with effect from…
Google, Adani to invest $15 billion in AI hub at Visakhapatnam
Google has partnered with Adani Enterprises to build a $15 billion (Rs 13,318 crore) artificial intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. The facility, Google’s largest outside the US, will include a 1 GW data centre campus, AI infrastructure, new energy sources, and an expanded fibre-optic network. The project, announced on October 14, 2025, is…
