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Oracle Power completes grid study for 1.3GW hybrid power plant in Pakistan
Oracle Power and joint venture Oracle Energy have completed a crucial transmission and grid interconnection study for their 1.3GW hybrid renewable power plant in Jhimpir, Sindh province, Pakistan. Conducted by Power Planners International (PPI) and funded by State Grid China, the study assessed the technical feasibility of connecting the plant to the 220kV Jhimpir-II grid station. This hybrid plant will integrate 800MW of solar and 500MW of wind power, supported by a 260MW battery energy…
EESL, RajCOMP ink pact to promote energy efficiency in Rajasthan
Energy Efficiency Services Ltd (EESL) has signed an agreement with RajCOMP Info Services Ltd (RISL) to promote energy efficiency and enhance public service delivery in Rajasthan. Under this partnership, EESL will offer UJALA products and services through RISL’s e-Mitra portal. This collaboration leverages the extensive e-Mitra network to promote energy-efficient solutions across the state. EESL, under the Ministry of Power (MoP), and RISL, under the Department of Information Technology & Communications (DOIT&C), will facilitate the…
Sunsure Energy begins supplying green energy in Uttar Pradesh
Sunsure Energy has commenced supplying 10.5 million units of renewable energy to two private entities in Uttar Pradesh, offsetting 7,500 metric tonnes of carbon dioxide emissions annually. Sunsure Energy currently offers renewable energy solutions to over 70 industrial companies across 16 states in India, with 120 MW of operational capacity in Uttar Pradesh.
Ukraine’s energy system braces for severe winter amid increased Russian attacks, IEA warns
Ukraine’s energy infrastructure faces its toughest challenge yet as winter approaches, according to a new report by the International Energy Agency (IEA). Russian missile and drone attacks have increasingly targeted Ukraine’s generation and transmission assets, causing more sustained damage than in previous phases of the war. The report, titled Ukraine’s Energy Security and the Coming Winter, highlights the extensive damage and warns of a potential 6GW energy shortfall during peak demand, despite efforts to restore…
Suzlon Energy to acquire 76% stake in Renom Energy for Rs 6.6 billion
Suzlon Energy Ltd board has approved the acquisition of 22,80,000 equity shares, representing 76% of Renom Energy Services Private Ltd’s equity share capital, in multiple tranches. The acquisition, valued at Rs 6.6 billion, will make Renom Energy Services a subsidiary of Suzlon Energy. The initial acquisition of a 51% stake (15,30,000 equity shares) will be completed within three months for Rs 4 billion, subject to closing conditions outlined in the sale and purchase agreement (SPA)….
Hero Electric resumes production, seeks Rs 1-2 billion investment to scale up
Hero Electric has restarted production at its factory in July, initially operating on a smaller scale with limited scooter manufacturing. To return to full production capacity, the company is seeking an investment of Rs 1-2 billion from both existing and new investors, including private equity funds. The company has also responded to recent claims from some of its 800 dealers, who allege that Hero Electric owes Rs 5 billion in advances for electric two-wheelers. Hero…