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GAIL increases startup fund to Rs 5 billion for clean energy innovation
GAIL India Limited has raised its startup investment fund from Rs 1 billion to Rs 5 billion to support emerging enterprises in clean energy, renewables, energy storage, electric mobility, and digital transformation. This initiative aims to provide enhanced financial and strategic support to entrepreneurs, fostering innovation and sustainability in India’s energy and technology sectors. Currently,…
SJVN and Bihar to develop 1,000 MW pumped storage project
SJVN Limited and the Government of Bihar (GoB) signed an MoU on December 31, 2024, to develop the 1,000 MW Hathidah-Durgawati Pumped Storage Project and other similar projects in Bihar. The 1,000 MW (4×250 MW) Hathidah-Durgawati project will be built on the Durgawati River in Kaimur, Bihar, at an estimated cost of Rs 56,630 million.
BrightNight and Cordelio Power secure $260m financing for solar project
Renewable power companies BrightNight and Cordelio Power have secured $260 million in tax-equity financing for the 300MW Box Canyon solar project in Pinal County, Arizona. The financing, provided by affiliates of JP Morgan and Capital One, will help monetise production tax credits via a partnership flip structure. The Box Canyon solar project, expected to be…
China’s Yarlung Tsangpo hydropower plan: A test for India’s reaction?
China has approved a hydropower project on the Yarlung Tsangpo River in Tibet, which flows into India as the Brahmaputra. While many assumed it would be the world’s largest dam, reports suggest China is planning multiple smaller hydropower projects instead. Speculations are that the announcement was a strategic move to gauge India’s reaction. The project,…
India | Generation | NewsPatel Engineering wins Rs 230.7 crore Bhutan hydro project package
Patel Engineering Limited (PEL) has received a letter of award worth Rs 230.70 crore from Dorjilung Hydro Power Limited for a pre-construction package of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan’s Mongar Dzongkhag district. The award comes days after the company secured a Rs 910 crore contract for the Renukaji Dam project in…
Hinduja Renewables to set up 600 MW solar power park in Jhansi
Hinduja Renewables Energy Private Limited received a Letter of Award (LoA) on January 6, 2025, for the 600 MW Jhansi Solar Power Park Project in Uttar Pradesh. TUSCO Limited, a joint venture of UPNEDA and THDC India Limited, invited bids for Solar Power Developers (SPDs) in August 2024. The project involves constructing cable trays, internal…
