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UERC clears Rs 422.59 crore UPCL RDSS works, flags lapses
The Uttarakhand Electricity Regulatory Commission (UERC) has granted post facto approval for capital investment of Rs 422.59 crore to Uttarakhand Power Corporation Limited (UPCL) for additional projects under the Revamped Distribution Sector Scheme (RDSS). In its order dated April 7, 2026, the Commission approved six work packages but flagged procedural lapses and raised technical concerns…
India, Canada advance energy dialogue and clean tech cooperation
India and Canada have reaffirmed and expanded their strategic cooperation across energy security, critical minerals, and clean technology. Following high-level ministerial dialogues, both nations committed to deepening trade, reciprocal investment, and collaborative projects in conventional and renewable energy sectors. The renewed partnership was launched during India Energy Week 2026 in Goa, where India’s Minister of…
Saudi Arabia awards 4.5 GW renewable projects
Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects with a combined capacity of 4.5 GW under the sixth phase of the National Renewable Energy Programme (NREP). Supervised by the Ministry of Energy, the projects include one wind and four solar plants, representing total investments of more than $2.4 billion. SPPC will…
Ashok Leyland to invest Rs 50 bn in battery localisation
Ashok Leyland plans to invest more than Rs 50 billion over the next 7 to 10 years to develop and localise advanced battery technologies in India. Ashok Leyland confirmed that the localisation of battery manufacturing in India will support its own electric vehicle portfolio under the Ashok Leyland and Switch brands, while also supplying batteries…
Bank of Baroda secures loan awards for 800 MW solar projects in Gujarat
Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar…
CG Power to expand power transformer capacity to 40,000 MVA
The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its…
