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TNPGCL to pilot 200 MW battery storage at thermal plant
Tamil Nadu Power Generation Corporation Ltd (TNPGCL) will install a 200 MW Battery Energy Storage System (BESS) at the North Chennai Thermal Power Station on a pilot basis. This is the first such use of battery storage with a coal-based plant in the state. The aim is to store electricity during low-demand periods and avoid…
Jupiter Power secures $225 million credit facility to boost 12,000 MW energy storage pipeline
Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter…
- India | Generation | News
Ministry of Coal launches 13th round of commercial coal mine auctions
The Ministry of Coal opened the 13th round of commercial coal mine auctions in New Delhi on 21 August 2025. Union Minister of Coal and Mines G. Kishan Reddy noted that India crossed one billion tonnes of coal production in FY 2025. He highlighted that 134 mines had been auctioned in 12 rounds, drawing investments…
CleanMax raises Rs 400 crore in pre-IPO round
CleanMax has secured Rs 400 crore in pre-IPO funding from 360 One Asset Management. The capital will support promoter stake consolidation ahead of the company’s planned public listing. The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding is structured as a three-year instrument at 13 per cent interest, with repayment…
Shakti Pumps secures Rs 155 crore MSEDCL solar pump order
Shakti Pumps (India) Limited has received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying and installing off-grid solar photovoltaic water pumping systems across Maharashtra, with a total order value of about Rs 155.24 crore, inclusive of GST. The project has been awarded under the Magel Tyala Saur Krushi Pump…
India | Leadership | NewsAdani Energy Solutions appoints Ashok Jagetiya as CFO
Adani Energy Solutions Limited has announced a change in its Chief Financial Officer (CFO), with effect from the close of business hours on May 30, 2026. The Board approved the appointment of Ashok Jagetiya as CFO and KMP with effect from May 31, 2026. The appointment was made based on the recommendations of the Nomination…
