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Torrent Power in early talks to acquire L&T’s thermal unit
Torrent Power Ltd. is in discussions to acquire the thermal power business of Larsen & Toubro Ltd. (L&T) in a deal estimated at around $1 billion, including debt. Both companies are working with financial advisers as part of the ongoing process. The transaction, if completed, would support L&T’s plans to raise funds and reduce debt….
Oriana Power wins EPC contract for 234 MW floating solar project
Oriana Power Limited has received a letter of award for the development of a 234 MW grid-tied floating solar photovoltaic (FSPV) plant at the Maithon Dam Reservoir operated by Damodar Valley Corporation (DVC) in Jharkhand. The contract is valued at Rs 1,180.53 crore, including GST. The company stated that it received purchase orders from a…
Port of Açu and Yamna collaborate on green ammonia project
Port of Açu Operações and Yamna Co Ltd have signed a land reservation agreement to develop a green ammonia project at the Port of Açu’s industrial complex in northeast Rio de Janeiro State. The agreement reserves two million square meters for green hydrogen initiatives, adding to the one million square meters already licensed at the…
EIB grants €225 million loan for Prologis solar energy project
The European Investment Bank (EIB) has approved a €225 million framework loan to Prologis to support its initiative to generate electricity from low-carbon sources. The project involves installing rooftop solar panels and battery storage systems at Prologis logistics centers across Western and Central Europe, including Germany, Belgium, Italy, France, Spain, the Netherlands, and Poland. The…
U-Solar commissions solar project in Karnataka, plans expansion
U-Solar Clean Energy Private Limited has commissioned a 20 MWp solar power plant under Phase-I at Ramasamundra village in Yadgir district, Karnataka. The company also plans to develop an additional 50 MW solar project at the same site as part of Phase-II. Electricity generated from both phases will be used to power co-working spaces across…
Ashok Leyland becomes first OEM under Delhi-NCR vehicle replacement scheme
The Ministry of Road Transport and Highways (MoRTH) has signed the first Memorandum of Understanding (MoU) under the Government of India’s vehicle replacement scheme for old trucks and buses in the Delhi-NCR region. The agreement was signed with Ashok Leyland and Switch Mobility, a subsidiary of Ashok Leyland. With the signing of the MoU, Ashok…
