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Rays Power secures 200 MW RTC project from REMC
Rays Power Infra Limited has secured a mandate to develop and construct a 200 MW round-the-clock (RTC) renewable energy project to supply firm green power to Railway Energy Management Corporation Limited (REMC), a joint venture between Indian Railways and Rail India Technical and Economic Service (RITES). The project will be executed through Rays Power’s subsidiary,…
Koraam New Energie bags Rs1.86bn order for 5,500 solar pumps
Koraam New Energie, a subsidiary of Kosol Energie, has secured an order worth Rs 1.86 billion for the supply of 5,500 solar pumps under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) scheme. The order was placed by various nodal agencies. Of the total, 3,000 pumps have been allocated under…
PM Modi inaugurates first unit of Buxar thermal power project
Prime Minister Narendra Modi has inaugurated the first 660 MW unit of the 1,320 MW Buxar Thermal Power Project of SJVN. The Buxar project, located at Chausa in Buxar district, Bihar, is being developed by SJVN Thermal Private Limited, a wholly owned subsidiary of SJVN. The project uses supercritical technology aimed at improving efficiency and…
Standard Chartered arranges USD 730 million refinancing for ReNew RTC project
Standard Chartered has arranged a USD 730 million External Commercial Borrowing (ECB) facility to refinance ReNew Surya Roshni Private Limited, the owner of India’s first Round-the-Clock (RTC) renewable energy project. The refinancing comprises USD- and JPY-denominated tranches and was provided by a syndicate of 12 international banks. Standard Chartered acted as Structuring Bank, Original Mandated…
India and Denmark renew energy cooperation MoU
India and Denmark have signed a renewed Memorandum of Understanding (MoU) to strengthen their partnership on clean energy. This move builds on five years of collaboration and supports India’s goal of achieving net-zero emissions by 2070. The original MoU, signed on June 5, 2020, was set to end in 2025. By renewing it early, both…
Powerica raises Rs 329 crore from anchor investors ahead of IPO
Mumbai-based diesel generator and power solutions manufacturer Powerica has raised Rs 329.4 crore from 17 anchor investors ahead of its public issue, which opened on March 24. The company allotted 83.39 lakh shares at the upper end of its price band of Rs 375–395 per share. Domestic mutual funds led the anchor book, with eight…
