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ACME Solar incorporates four subsidiaries for renewable energy business
ACME Solar Holdings Limited has incorporated four wholly owned subsidiaries to expand its renewable energy business. The companies, ACME Greentech Twenty Private Limited, ACME Greentech Twenty Two Private Limited, ACME Greentech Twenty Three Private Limited, and ACME Greentech Twenty Four Private Limited, were incorporated on May 9, 2026, with registered offices in Gurugram, Haryana. According…
EBRD funds 500 kV transmission line in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) is providing a USD 66.4 million sovereign loan to Uzbekistan’s JSC National Electric Grid of Uzbekistan (NEGU) for a 500 kV, 230 km transmission line connecting Sarimay in Khoresm to Muruntau in Navoi. The project will ease grid bottlenecks, reduce electricity outages during peak demand, and support…
Bajel Projects forms 50:50 JV with ASC in Saudi Arabia
Bajel Projects Limited has signed a joint venture agreement with Al Sharif Contracting and Commercial Development Company (ASC) to set up a new entity in the Kingdom of Saudi Arabia. The agreement, executed on February 17, 2026, establishes a 50:50 partnership to pursue Engineering, Procurement, and Construction (EPC) opportunities in the high-voltage transmission and substation…
PG&E secures $15bn loan guarantee for Project Polaris
Pacific Gas & Electric (PG&E) has secured a record $15 billion loan guarantee from the US Department of Energy (DOE). The loan guarantee, the largest in the history of the DOE’s Loan Programs Office, will enable PG&E to expand hydropower generation, battery storage, upgrade transmission capacity with reconductoring and grid-enhancing technologies, and establish virtual power…
India | Generation | NewsCentre grants BHEL five-year GFR exemption for 21 items
The Department of Expenditure (DoE), Ministry of Finance, has granted Bharat Heavy Electricals Limited (BHEL) a five-year relaxation under Rule 144(xi) of the General Financial Rules (GFR). The exemption allows procurement of 21 specified items from entities in countries sharing land borders with India. BHEL confirmed the development in a rumour verification filing to BSE…
CTU issues advisory on additional RE capacity in connectivity studies
The Central Transmission Utility (CTU) has issued a follow up advisory on processing generator connection applications where installed capacity in simulation studies differs from the capacity stated in the connectivity grant letter for renewable energy (RE) plants and parks. Citing a Central Electricity Regulatory Commission (CERC) order dated December 8, 2025 in Petition No. 14/SM/2025,…
