PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV) named Raghanesda RE Transmission Limited. The SPV will oversee the development of the “Transmission System for...
PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV), Kurnool-III PS RE Transmission, for the Transmission system strengthening at Kurnool-III PS for integration of...
Union Minister of State for Power, Shripad Naik, informed Parliament that India is actively expanding its power generation and transmission capacity to meet growing energy demands. Currently, 29,200 MW of thermal capacity is under construction, with...
Sterling Tools has formed a partnership with Zhejiang Meishuo Electric Technology to manufacture latching relays in India, aiming for Rs 2 billion in revenue by FY2030. A new facility will be established in Bengaluru with an initial investment of Rs...
Bharat Petroleum Corporation Limited (BPCL) and Coal India Limited (CIL) signed a non-binding memorandum of understanding (MoU) on December 2, 2024, in Mumbai. The collaboration aims to explore the development of a coal-to-synthetic natural gas...
Advait Energy Transitions, formerly known as Advait Infratech, has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 50 MW/500 MWh standalone battery energy storage system in Gujarat. This project is part of...
Mahindra Susten Private Limited has incorporated a wholly owned subsidiary, Steer Hybren Private Limited, to implement renewable energy projects across India. Established on November 29, 2024, in Mumbai, Steer Hybren will operate as an Independent...
Shimato Enterprises Private Limited signed a term sheet agreement with Constronics Infra Limited for the development of a 21 MW solar power project in Virudhunagar, Tamil Nadu on November 29, 2024. As per the agreement, Shimato Enterprises along...
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan. The project, awarded by an independent power producer, involves the supply, installation, and...
NTPC aims to increase its installed capacity from 76 GW to 130 GW by 2032, presenting significant growth prospects for micro, small, and medium enterprises (MSMEs). The company’s procurement value is expected to rise from Rs 190.75 billion in FY24...
A Supreme Court-appointed panel has backed the development of five hydroelectric projects (HEPs) in Uttarakhand, despite opposition from the Ministry of Environment and Forest (MoEF) and the Jal Shakti Ministry, which raised concerns over ecological...
Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption. The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to...
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh. Spanning 1,635.63 acres, the project was secured through a competitive bidding process and features a...
The Indian Energy Exchange (IEX) recorded a 16% year-on-year increase in electricity traded volume, reaching 9,689 MU in November 2024. This growth was supported by increased market participation and competitive pricing. The Day-Ahead Market (DAM)...
Hero Future Energies Private Limited (HFEPL) has signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 110 billion in renewable energy and green hydrogen projects. The investment will be allocated for establishing...
Adani Green Energy Limited (AGEL), through its wholly-owned subsidiary Adani Saur Urja (KA) Limited, has incorporated three new subsidiaries to advance renewable energy projects in India. The newly established entities include Adani Hydro Energy One...
According to a Reuters report, Adani Power stated that it has no indication the Bangladesh government plans to review its 25-year power purchase agreement (PPA) with the company. This follows earlier claims that Bangladesh is seeking to renegotiate...
Power Mech Projects Limited won a contract from Adani Power Limited (APL) worth Rs 5,100 million for civil and mechanical construction works for the 1,600 MW Raipur (Raikheda) Ultra Super-Critical Thermal Expansion Project on November 29, 2024. The...
INOX Air Products (INOXAP) has commenced the supply of electronic and speciality gases to ReNew’s first solar photovoltaic (PV) cell manufacturing facility in Dholera, Gujarat. Under a long-term agreement, INOXAP provides critical gases such...
The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing...
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GREW Solar has received a repeat order worth about Rs 500 crore from an independent power producer...
The government is preparing PM-KUSUM 2.0 with a dedicated 10 GW agrivoltaic (agri-PV) component to...
Aerem has appointed Nilesh Malani as Executive Director. In this role, he will lead the company’s...
Eastman Auto & Power Limited (EAPL) has operationalised an 800 MW solar photovoltaic (PV) panel...
KEC International Limited has secured new orders worth Rs 1,476 crore across its Transmission and...
Indo-Tech Transformers Limited has disclosed the cancellation of a Rs 64.99 crore order from Renew...
ACME Solar Holdings Limited (ASHL) has commissioned the third phase of its battery energy storage...
Dilip Buildcon Limited (DBL) has received a Letter of Intent from REC Power Development and...
Hygge Energy has partnered with Atria Renewable to expand peer-to-peer (P2P) rooftop solar trading...
Solex Energy’s 3.78 GW Surat module plant added to MNRE ALMM list Solex Energy Limited has received...