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POWERGRID forms Kenya SPV for transmission PPP project
Power Grid Corporation of India Limited (POWERGRID) has incorporated a Special Purpose Vehicle (SPV) in Kenya for the Kenya Transmission Public-Private Partnership (PPP) Project. The entity, Mwanga Transmission Company Limited, has been registered as a private limited company under the Kenyan Companies Act, 2015. The Certificate of Incorporation was issued by the Registrar of Companies…
Sun Drops receives LoI for 9 MW solar projects under CPP segment
Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a letter of intent (LoI) to develop solar power projects with a total capacity of 9 MW under the company’s captive power producer (CPP) segment. The projects are scheduled for completion in various tranches by May 2025.
Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects
Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects The Government of Maharashtra (GoM) and the Government of Telangana (GoT) have signed Memorandums of Understanding (MoUs) with Essar Renewables Limited (ERL) and Sun Petrochemicals Private Limited, respectively, to develop 7,440 MW renewable energy (RE) projects in the states. ERL will invest Rs 80…
Advait secures Rs 1.29 bn EPC order for solar project in Gujarat
Advait Energy Transitions Limited has received an EPC and commissioning contract from KPI Green Energy Limited for a 67.5 megawatt peak (MWp) solar project in Gujarat. The contract is valued at Rs 1.293 billion. The ground-mounted solar plant will be built at the Khavda Renewable Park in the Kutch region. The order has been awarded…
Andhra Pradesh unveils policy to attract Rs 10 trillion investment for clean energy
The Andhra Pradesh government aims to secure Rs 10 trillion in investments through its newly launched AP Integrated Clean Energy (ICE) Policy, focusing on solar, wind, and round-the-clock renewable energy projects to achieve net-zero carbon emissions by 2047. Chief Minister N Chandrababu Naidu announced the policy, which offers incentives such as affordable land acquisition and…
CCI approves Vedanta’s acquisition of Jaiprakash Associates
The Competition Commission of India (CCI) has cleared the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. Vedanta, a subsidiary of Vedanta Resources Limited, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel,…
