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NHPC approves monetisation of returns from Uri-II, Dhauliganga plants
NHPC Limited has approved a proposal to monetise future cash flows, specifically the return on equity (RoE), from its Uri-II and Dhauliganga power stations for a period of 10 years. The decision was taken at a board meeting held on April 14, 2026, and disclosed to stock exchanges on Tuesday. The monetisation will be executed…
PFCCL transfers SPV for Kurnool-III transmission project
PFC Consulting Limited (PFCCL) has transferred Kurnool III PS RE Transmission Limited, a special purpose vehicle (SPV), to Power Grid Corporation of India Limited (PGCIL) for strengthening the transmission system at Kurnool-III PS. The transfer took place on March 27, 2025. POWERGRID received the Letter of Intent (LoI) for the project on March 6, 2025….
GUVNL awards 335 MW BESS tender to three bidders
Gujarat Urja Vikas Nigam Limited (GUVNL) has awarded its 335 MW/670 MWh standalone battery energy storage system (BESS) tender to three bidders. Advait Energy Transitions Limited secured 150 MW at the L1 tariff of Rs 2.10 lakh per MW per month. Equentia Natural Resources Pte Ltd was awarded 65 MW at Rs 2.12 lakh per…
UK pushes China on climate action amid global energy shifts
UK Energy Minister Ed Miliband met Chinese officials in Beijing on March 17, urging stronger climate action even as China’s emissions continue to rise. China, the world’s largest emitter, has pledged to reach net zero by 2060 but missed key climate targets in 2024, with coal use increasing. The UK, aiming for full decarbonization by…
Hungary proposes amendments to Paks nuclear plant contract with Rosatom
On November 19, 2024, the Hungarian government introduced a bill to its parliament seeking to amend the existing contract with Russia’s Rosatom for the expansion of the Paks nuclear power plant. The Paks expansion, valued at €12.5 billion ($13.2 billion), includes two 1.2 GW VVER reactors and is critical for Hungary’s energy strategy. The plant…
Waaree Energy raises Rs 1,003 crore for 20 GWh battery manufacturing plan
Waaree Energy Storage Solutions Private Limited (WESSPL), a subsidiary of the publicly listed Waaree Energies Ltd., has announced the completion of a strategic funding round totalling approximately Rs 1,003 Crores. The investment was received from a consortium of strategic investors, including family offices, high-net-worth individuals (HNIs), and institutional backers. The capital infusion is part of…
