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Aarti Drugs to acquire 26.25% stake in Prozeal’s solar power project SPV

Aarti Drugs Limited has signed a share subscription and shareholders agreement with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Prozeal Green Power Nine Private Limited, for setting up a 19.36 MW/24.4 MWp solar power...

Bondada E&E secures Rs 698.74 million order for solar street lights

Bondada E&E Private Limited, a wholly owned subsidiary of Bondada Engineering Limited, has received a work order from Landsky Engineers Private Limited for the supply of 20W solar street lights with standard fitting accessories, valued at Rs...

Ministry of Coal selects firms for Category-II financial incentives

The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification...

JSW Energy wins LoA for 1,600 MW thermal power project in West Bengal

JSW Energy Limited has received a Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for developing a 1,600 MW supercritical/ultra-supercritical thermal power plant on a design, build, finance, own, and...

Power Machines secures E&M contract for Kwar hydro project

Power Machines (India) Limited has won a contract worth Rs 11.19 billion for electro-mechanical (E&M) works (Lot-III) of the Kwar Hydro Electric Project (HEP).  Chenab Valley Power Projects Private Limited (CVPP) invited bids for the project in...

NCT recommends two interstate transmission schemes for final clearance

The National Committee on Transmission (NCT) has recommended two interstate transmission system (ISTS) schemes to the Ministry of Power for final approval. These will be implemented under tariff-based competitive bidding (TBCB) and the regulated...

Hazoor Multi Projects to invest in solar project in Andhra Pradesh

Hazoor Multi Projects (HMPL) plans to invest Rs 25 billion in a 500 MW solar power project in Prakasam district, Andhra Pradesh.  The project will be developed on 2,000 acres, with support from the Andhra Pradesh government through the New &...

RMC Switchgears and Ultracab secure orders for power distribution

RMC Switchgears has received a Rs 1.08 billion work order to develop distribution infrastructure in select districts of Gujarat. The project involves installing 11 kV underground cables and ring main unit (RMU) systems to strengthen the region’s...

Power Ministry plans 83.5 GW thermal power projects by 2032

The Ministry of Power is planning and implementing over 83.50 GW of thermal power projects worth approximately Rs 6.96 trillion to ensure India meets its base load electricity requirements by 2032.  According to generation planning studies by the...

Tata Power eyes small modular reactors

Tata Power is exploring small modular nuclear reactors (SMRs) following the government’s decision to allow private investment in the sector. CEO Praveer Sinha said the company is awaiting clarity on liability, technology, foreign partnerships...

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 round-the-clock renewable energy from a solar-hydrogen-based microgrid in Chushul, Ladakh.  The 25-year agreement aims to enhance energy security in...

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 invest Rs 135 billion in the state’s renewable energy sector. The investment includes plans for a 1,200 MW pumped hydro project and a 1,000 MW floating...

Budget 2024-25 allocates funds for key power projects

The Budget 2024-25 has allocated funds for various power projects, including thermal, transmission, and hydro. Rs 2.51 billion is set for the Power Sector Reform Program (Subprogram 1). The Kudankulam Nuclear Power Plant has received Rs 10.19 billion...

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 Renewable Energy (MNRE) to establish a manufacturing plant for high-efficiency tandem solar cells. The company’s innovative tandem cell achieves 29.8...

CESC Group completes acquisition of power distribution in Chandigarh

Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) to acquire 100 per cent equity in a distribution company.  As a...

Indus Towers invests in 50 MW captive solar project

Indus Towers Limited (ITL) has signed an agreement with Amplus Energy Solutions Private Limited to set up a 50 MW captive solar photovoltaic (PV) power project in India.  As part of the agreement, ITL will invest Rs 270 million to acquire a 26 per...

Lords Mark wins 300 MW rooftop solar project contract from UPNEDA

Lords Mark Industries Private Limited has won a contract from the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to set up 300 MW of grid-connected rooftop solar power plants under the Renewable Energy Service Company (RESCO)...

PGCIL approves investment for Gujarat offshore transmission system projects

The Committee of Directors (CoD) on investment of projects of Power Grid Corporation of India Limited (PGCIL) accorded investment approval for the Transmission System for Offshore Wind Zone Phase-1 (500 MW VGF off the coast of Gujarat for Subzone B3)...

Telangana explores hydroelectric projects in Himachal Pradesh

Telangana has announced plans to invest in hydroelectric projects outside its state, starting with Himachal Pradesh, as part of its green energy push.  Telangana’s Deputy Chief Minister and Energy Minister Mallu Bhatti Vikramarka, along with energy...

KPI Green signs deal with Coal India for 300 MW solar project

KPI Green Energy has signed a contract with Coal India for the development of a 300 MWAC grid-connected solar photovoltaic (PV) plant at the Gujarat Industries Power Company (GIPCL) Solar Park in Khavda, Gujarat.  The total contract value is Rs 13.11...

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