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CCI approves Gentari Renewables India’s acquisition of 21 SPVs

The Competition Commission of India has approved Gentari Renewables India’s acquisition of 21 special purpose vehicles (SPVs) and holding companies engaged in solar and wind power generation and sales.  Gentari Renewables India, a subsidiary of...

Oben Electric raises $5.82 million in Series A funding

Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices.  The funds will be used...

EMO Energy raises $6.2 million in Series A funding

EMO Energy has secured $6.2 million in its Series A funding round, led by Subhkam Ventures with participation from Transition VC.  The funds will be used to scale the company’s advanced battery solutions for electric vehicles (EVs) and energy storage...

Teerth Gopicon and Reliance Industries awarded SJVN’s tender

Teerth Gopicon and Reliance Industries have secured SJVN’s tender to develop 5,830 kW of grid-connected solar projects under the PM Surya Ghar: Muft Bijli Yojana.  Teerth Gopicon was awarded 5,705 kW, and Reliance Industries 125 kW.  The projects...

Sun Drops Energia to develop 32.15 MW solar power projects

Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, has received a Letter of Intent (LoI) for the development of 32.15 MW of solar power projects under the Captive Power Producer (CPP) segment in India.  The...

Purvah Green receives LoA for 300 MW Hybrid Power Projects

Purvah Green Power Private Limited, a subsidiary of CESC Limited, has received a Letter of Award (LoA) from CESC for developing 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects in India.  The projects were part...

NHPC resumes construction on Parbati Hydro Electric Project

NHPC Limited has resumed construction work on the Parbati Hydro Electric Project Stage-II, which had previously faced roadblocks due to local opposition.  The project, located on the Beas River in Kullu District, Himachal Pradesh, involves...

PFCCL incorporates SPV for Anantapur II REZ Transmission System

PFC Consulting Limited (PFCCL) incorporated Anantapur II REZ Transmission Limited, a special purpose vehicle (SPV) for developing the Transmission System for integration of Anantapur-II REZ (Phase-I: 4.5 GW), on January 7, 2025. PFCCL has also been...

Opposition rises against nuclear power plant in Koppal

The survey for a proposed Nuclear Power Plant (NPP) near Arasinakeri Bear Sanctuary and Hirebenkala Megalithic sites in Koppal, Karnataka, has faced local opposition due to concerns over environmental impacts and the preservation of heritage sites...

NTPC forms SPV to develop nuclear power plants

On January 7, 2025, NTPC Limited incorporated NTPC Parmanu Urja Nigam Limited (NPUNL), a special purpose vehicle (SPV) for the implementation of Nuclear Power Plants (NPPs).  The Ministry of Power (MoP) has confirmed the approval for the SPV...

Insolation Energy establishes subsidiary for renewable energy

Insolation Energy has launched a new subsidiary, MGVI Green Infra One, to focus on solar and renewable energy projects.  The subsidiary will handle the development, installation, construction, operation, and maintenance of solar power plants and...

DVC to upgrade Jharkhand’s power infrastructure

The Damodar Valley Corporation (DVC) has unveiled an investment plan to enhance power infrastructure in Jharkhand.  DVC Chairman S. Suresh Kumar announced the construction of 11 kV power infrastructure in 25 locations across the state, including 12...

NTPC wins 1,000 MW solar power order from UPPCL

NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy (NGEL), has secured a 1,000 MW solar power order from Uttar Pradesh Power Corporation (UPPCL) following a successful bid in an e-reverse auction on 3 January 2025. This capacity is...

L&T wins new PT&D orders in India and Middle East

Larsen & Toubro Ltd’s Power Transmission & Distribution (PT&D) business has secured new orders in India and the Middle East.  In India, L&T’s PT&D division will implement an advanced distribution management system (ADMS) in...

Gensol Engineering wins EPC contract for solar project in Gujarat

Gensol Engineering Limited has secured an engineering, procurement, and construction (EPC) contract for a 275 MW solar photovoltaic project at the Khavda Rann renewable energy solar park in Kutch, Gujarat.  The project, valued at Rs 10.61 billion...

KEC International wins Rs 10.97 billion orders for T&D

KEC International Limited, a wholly-owned subsidiary of the RPG Group, has secured new orders worth Rs 10.97 billion in the transmission and distribution (T&D) sector.  These include a 400 kV transmission line project in the UAE and the supply of...

NTPC Green Energy forms JV with UPRVUNL

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to create a joint venture (JV) for renewable energy parks and projects.  NGEL holds a 51% stake, subscribing...

Waaree Energies begins trial production at 5.4 GW solar cell plant in Gujarat

Waaree Energies Limited has initiated trial production at its 5.4 GW solar cell manufacturing plant in Chikhli, Gujarat.  The facility is a key part of Waaree’s strategy for backward integration in the solar energy sector. By focusing on indigenous...

Suzuki partners with NDDB for biogas venture

Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda.  Suzuki will acquire a 26% equity stake, with NDDB retaining...

Himachal Pradesh installs 2 MW solar power plant in Kaza

Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region.  The plant will be fully operational soon, with the addition of a 1...

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Power Sector News Roundup for February 5, 2025

Global: Desert Quartzite solar+storage project achieves operational status Amazon and Iberdrola...

Stavian Group to invest USD 22 million in battery storage project in Vietnam

Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the...

Amazon and Iberdrola expand renewable energy partnership

  Amazon and Iberdrola have added 476 MW to their global renewable energy partnership, expanding...

Desert Quartzite solar+storage project achieves operational status

EDF Renewables North America (EDFR) and Power Sustainable Energy Infrastructure (PSEI) have...

NTPC signs PPA with Indian Army for solar-hydrogen microgrid in Ladakh

NTPC Limited has signed a Power Purchase Agreement (PPA) with the Indian Army for the sale of 200 kW...

Welspun New Energy to invest Rs 135 billion in Odisha’s energy projects

Welspun New Energy has signed a Memorandum of Understanding (MoU) with the Government of Odisha to...

Budget 2024-25 allocates funds for key power projects

The Budget 2024-25 has allocated funds for various power projects, including thermal, transmission...

Art-PV secures MNRE grant for tandem solar cell manufacturing plant

Art-PV, incubated at IIT Bombay, has received a USD 10 million grant from the Ministry of New and...

CESC Group completes acquisition of power distribution in Chandigarh

Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has...

Indus Towers invests in 50 MW captive solar project

Indus Towers Limited (ITL) has signed an agreement with Amplus Energy Solutions Private Limited to...