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Prozeal Green and Golyan form JV to develop 500 MW solar projects in Nepal

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Prozeal Green Energy Limited and Golyan Power Limited have formed a joint venture to develop over 500 MW of solar energy projects in Nepal, including rooftop and ground-mounted photovoltaic (PV) plants. Prozeal Green Energy will hold a 60% stake and manage engineering, procurement, and construction, while Golyan Group will hold the remaining 40%. The solar power generated will be supplied to the Nepal Electricity Authority as well as commercial and industrial consumers. The projects, spread across Nepal, are expected to be completed within 18 months.

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THDCIL to invest Rs 88 billion in 1,600 MW pumped storage projects in Rajasthan

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State-owned THDC India Ltd (THDCIL) has signed an agreement with the Rajasthan government to develop two 800 MW pumped storage projects (PSPs) in Bundi and Tonk, with a total capacity of 1,600 MW. The projects, requiring an investment of Rs 88 billion, aim to bolster energy storage solutions and grid stability. The Bisanpura PSP will source water from the Gudha Dam, while the Rampura PSP will utilize water from the Bisalpur reservoir. THDCIL, which started…

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World leaders gather in Baku for pre-COP29 meeting

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Ahead of the 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, global leaders gathered in Baku, Azerbaijan, for the pre-COP meeting from 10–11 October.  The session, titled Enhance Ambition and Enable Action, aimed to progress key negotiations before the main summit in November. The event is focused on limiting global warming to 1.5°C, as per the 2015 Paris Agreement. A key priority at the pre-COP meeting was setting a…

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US DOE allocates over $3 billion for battery manufacturing projects across 14 states

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The US Department of Energy (DOE) has allocated more than $3 billion to fund 25 projects aimed at enhancing battery manufacturing capabilities across 14 states. These projects are part of the Biden-Harris Administration’s Investing in America initiative and are designed to increase domestic battery material production, align with EV tax credit rules, and reduce reliance on China. The investment, managed by the Office of Manufacturing and Energy Supply Chains (MESC), will generate over 8,000 construction…

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Nexans to sell AmerCable to Mattr for $280 million

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Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million.  Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification, positioning itself as a ‘Pure…

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PGPPL signs SPA to acquire 100 per cent stake in Deshraj Solar Energy

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Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy Private Limited.  Upon completion, Deshraj Solar Energy will become a step-down subsidiary of CESC. This acquisition aligns with CESC’s strategy to expand its presence in the renewable energy sector.

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Indore on a 100-day mission to become world’s first energy-literate city

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Starting December 1, Indore will embark on a transformative initiative, the ‘Indore Climate Mission’, to establish itself as the world’s first energy-literate city. The campaign, led by the Indore Municipal Corporation in partnership with the Energy Swaraj Foundation, aims to engage 3.5 million residents in reducing carbon emissions through sustainable practices in their daily lives. The first phase, lasting 100 days, will focus on training residents in energy conservation techniques. Led by Professor Chetan Singh…

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