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GMR Power secures loan for smart metering in Uttar Pradesh
GMR Power and Urban Infra (GPUIL) has secured approval from the Indian Renewable Energy Development Agency (IREDA) to part-finance a Rs 34.67 billion project for installing and maintaining 7.569 million smart meters across key regions in Uttar Pradesh. The project, in collaboration with Bosch Global Software Technologies as the technical partner, covers Varanasi, Azamgarh, Prayagraj,…
RECPDCL invites bids for Devanahalli and Hosakote transmission projects in Karnataka
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has issued Request for Proposal bids for selection of transmission service providers through tariff-based competitive bidding (TBCB) for two intra-state transmission projects in Karnataka. The first scheme involves establishing a 2 x 150 MVA, 220/66/11 kV gas insulated station at Devanahalli…
TotalEnergies halts new investments in Adani Group amid corruption allegations
French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with…
J&V Energy and ESPRO partner for solar energy venture in Thailand
J&V Energy has signed a memorandum of understanding (MoU) with ESPRO to establish a joint holding company for solar energy development and management in Thailand. The partnership aims to enhance renewable energy adoption and operational efficiency in line with Thailand’s sustainability goals.
Alpex Solar secures Rs 3.8 billion contract for solar module supply
Alpex Solar Private Limited has secured a contract worth Rs 3,805.2 million for the supply of high-efficiency solar modules for a large-scale solar power project in India. The contract was awarded on April 23, 2025. The modules are scheduled to be delivered by March 2026. Alpex Solar manufactures photovoltaic (PV) modules using both monocrystalline and…
India retains 15.5% equity return norm for nuclear power plants till FY28
The Department of Atomic Energy (DAE) has finalised tariff norms for nuclear power projects for the five years beginning FY23. The return on equity remains fixed at 15.5 per cent, in line with norms for thermal plants. Plants commissioned before April 1, 2022, will follow a constant 15.5 per cent RoE. New projects can choose…
