NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states.
The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of achieving 60 GW of RE capacity by FY32.
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited. Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
JSW Energy has been awarded an ‘A’ rating for Environment, Social, and Corporate Governance (ESG) by Morgan Stanley Capital International (MSCI). Recognized globally, MSCI’s ratings serve as a crucial tool for the international investment community. This achievement positions JSW Energy among the top ranks of domestic peers in the power generation industry, underscoring its robust ESG policies. The high rating reflects the company’s effective carbon emissions management and strategic focus on renewable energy. Under its…
Public sector non-banking financial company (NBFC) Ireda Limited plans to raise Rs 45 billion through a follow-on public offering (FPO). The company has scheduled a board meeting on August 29, 2024, to seek approval for the fundraising. The proposal includes raising funds via equity share capital through an FPO, Qualified Institutional Placement (QIP), Rights Issue, Preferential Issue, or other permitted methods. Ireda, under the Ministry of New and Renewable Energy (MNRE), aims to raise Rs…
K.P. Energy, based in Gujarat, has secured engineering, procurement, and construction (EPC) contracts totalling 1,003.7 MW from its parent company, KPI Green Energy. The projects include an 86.8 MW hybrid plant (70 MW solar and 16.8 MW wind), a 641.9 MW hybrid plant (518 MW solar and 123.9 MW wind), and a 275 MW solar plant. These projects were awarded to KPI Green Energy through various tenders by Gujarat Urja Vikas Nigam Ltd (GUVNL). K.P….
Kolkata-based EPC and engineering firm BTL EPC has secured new contracts worth Rs 4.13 billion from public sector giants BHEL and SAIL. The company won a Rs 2.67 billion contract from BHEL for NTPC’s Lara TPS Stage-II (2×800 MW) project in Pussore, Chhattisgarh, where it will provide turnkey solutions for conveyor systems and electromechanical equipment for handling coal, limestone, gypsum, and biomass. Additionally, BTL EPC received a Rs 960 million contract from SAIL-Bhilai for replacing…
Lhyfe has entered a five-year agreement with H2 MOBILITY Deutschland to supply green hydrogen for the transport sector. Initial deliveries will target four H2 MOBILITY fuel stations in Baden-Württemberg and Rhineland-Palatinate, starting with locations in Ludwigshafen and Frankenthal. The hydrogen, classified as Renewable Fuels of Non-Biological Origin (RFNBO), will be generated from renewable power sources at Lhyfe’s upcoming production site in Schwäbisch Gmünd. In addition to its German partnership, Lhyfe is collaborating with OX2 and…
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