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Tata Motors, Thunderplus partner to deploy 5,000 EV chargers for fleets
Tata Motors and Thunderplus have signed a memorandum of understanding (MoU) to set up 5,000 EV charging stations across India, targeting commercial fleet operators. Under the agreement, Tata Motors will roll out public charging stations in major cities across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Delhi, West Bengal, Bihar, and Maharashtra. The chargers will be…
Power Ministry revises bidding norms for wind-solar hybrid projects
The Ministry of Power has amended the tariff-based competitive bidding process for wind-solar hybrid projects to improve project execution and grid integration. Under the revised guidelines, procurers can specify designated interstate and intrastate transmission system substations where developers must connect their hybrid power projects. The provisions for change in law now align with the Electricity…
India imposes anti-dumping duty on solar glass imports from China and Vietnam
India’s Ministry of Finance has imposed an anti-dumping duty on solar glass imports from China and Vietnam to protect the domestic solar glass industry from unfair pricing. The duty on Chinese imports ranges from $673 to $677 per metric tonne, while imports from Vietnam face a duty of $565 per metric tonne. The duty applies…
Kalpataru Projects secures Rs 10.11 billion orders
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 10.11 billion. These orders span multiple sectors, including: Transmission & Distribution (T&D) business in overseas markets Railway business in India Buildings & Factories (B&F) business in India Manish Mohnot, MD & CEO of KPIL, expressed satisfaction with the strong order…
CERC rejects HPX plea for PTC stake dilution extension
The Central Electricity Regulatory Commission (CERC) has rejected a petition filed by Hindustan Power Exchange Limited (HPX) seeking a three-year extension for PTC India Limited to reduce its shareholding in the exchange from 22.62% to 5% after becoming a trader member. The Commission also dismissed an intervention application filed by Indian Energy Exchange (IEX), holding…
IREDA secures $172 million loan from SBI Tokyo
Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to…
