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PFC board approves in-principle merger with REC, exits PTC India board
Power Finance Corporation Limited (PFC) has initiated a major restructuring following the Union Budget 2026–27, with its Board approving in-principle a merger with its subsidiary, REC Limited. The Board has also approved the withdrawal of PFC’s nominee director from the board of PTC India Limited, along with the surrender of all related promoter rights. In…
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 result, Chandigarh Power Distribution Ltd (CPDL) becomes a step-down subsidiary of CESC Ltd. The deal is valued at Rs…
GE Vernova secures contract for Queensland’s renewable energy grid upgrade
GE Vernova has won a contract from Powerlink, Queensland’s state-owned transmission utility, to supply equipment for its Capital Work program. The agreement includes the delivery of 69 Dead Tank Circuit Breakers (DTCBs), rated 245kV and above, to bolster Queensland’s renewable energy integration and enhance power infrastructure resilience. Manufactured by GE Vernova’s Grid Solutions business at…
NLC India invites EoI for Gurha Thermal Power Project EPC package
NLC India Limited has issued an Expression of Interest (EoI) for the engineering, procurement, and construction (EPC) package for the 3×125 MW Gurha Thermal Power Project. The EoI was announced on December 16, 2024, with a bid submission deadline of January 30, 2025. The project will be executed by a joint venture of NLC India…
Ahasolar wins Rs 2.48 crore PMC contract for Goa rooftop solar
Ahasolar Technologies Limited has secured a work order from Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to act as Project Monitoring Consultant (PMC) for a 30 MW (AC) distributed rooftop solar programme across government buildings in Goa. The consultancy contract, valued at about Rs 2.48 crore including Goods and Services Tax (GST), involves…
ERC approves NGCP transmission projects in Philippines
The Philippines Energy Regulatory Commission (ERC) has approved two transmission projects by the National Grid Corporation of the Philippines (NGCP), the private operator of the country’s transmission network. The projects include the PHP20.65 billion, 500 kV Balaoan–Laoag transmission line and the PHP2,585 million, 230 kV Capas substation in Luzon. The Balaoan–Laoag line, connecting La Union…
