Purvah Green Power Private Limited, a subsidiary of CESC Limited, received a Letter of Award (LoA) from Noida Power Company Limited (NPCL) on December 30, 2024.Â
The project involves developing 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India to supply power to NPCL.
In November 2024, NPCL invited bids for power procurement under the Tariff-Based Competitive Bidding (TBCB) mode.
Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt. The deal brings the total net purchase price to $26.6bn after factoring in expected cash generated by Calpine and tax attributes. The transaction,…
The government is working on a Rs 150 billion ‘Green Steel Mission’ to reduce carbon emissions in the steel sector, which currently contributes 10-12 per cent of the country’s total emissions. The mission includes a production-linked incentive (PLI) for green steel, incentivising renewable energy adoption, and mandating green steel procurement by government bodies. These measures…
The Solar Energy Corporation of India (SECI) and the New Delhi Municipal Council (NDMC) have signed a Memorandum of Understanding (MoU) to install solar power systems on around 244 civic buildings in Delhi. The announcement came alongside SECI confirming that it has commissioned over 25 GW of solar photovoltaic capacity across India. The MoU was…
Power Finance Corporation Ltd (PFC) has transferred ownership of two wholly owned subsidiaries, Raghanesda RE Transmission Ltd and NER Expansion Transmission Ltd, to private entities through tariff-based competitive bidding, according to a regulatory filing dated July 24. NER Expansion Transmission Ltd, the project special purpose vehicle (SPV) for the North-Eastern Region Expansion Scheme – XXV…
China-based Solar N Plus New Energy Technology has secured a 500MW supply order for its high-efficiency N-type solar products, bolstering its position in the global renewable energy sector. Renowned for its advanced N-type technology, the company offers higher conversion efficiency and robust resistance to light-induced degradation (LID) and potential-induced degradation (PID), ensuring long-term reliability and…
The National Company Law Appellate Tribunal (NCLAT) has stayed the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited by the National Company Law Tribunal (NCLT), Kolkata Bench. The interim relief, granted on June 24, 2026, suspends the insolvency proceedings and bars the interim resolution professional (IRP) from taking any further action until the…