REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat.Â
RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive bidding process.
The Government of Andhra Pradesh has announced plans to establish 200 new power substations across the state at an estimated cost of Rs 6,000 crore. The initiative targets regions where electricity consumption is increasing across industrial, commercial, residential and agricultural sectors. Energy Minister Gottipati Ravi Kumar presented the plan in the State Assembly in Amaravati…
JSW Energy Limited has signed a definitive agreement with Kolahai Infotech Private Limited and SFI Parcel Services Private Limited to acquire 100% equity shares of Maruti Clean Coal and Power Limited (MCCPL), which owns and operates a 300 MW thermal power plant at Korba in Chhattisgarh. The transaction is subject to regulatory approvals and customary…
Neoenergia, Iberdrola’s Brazilian subsidiary, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to EDF and STOA for 1,430 million Brazilian reals (approximately €240 million). Located in Paraná, the plant has an installed capacity of 350 MW and assured energy of 172 MWm. This transaction supports Iberdrola’s asset rotation strategy, focusing on…
The Union government has initiated steps to construct the 1,856 MW Sawalkote Hydroelectric Project on the Chenab River in Jammu and Kashmir, a project originally planned in the 1960s. The revival of this project follows India’s decision to suspend the Indus Waters Treaty on April 22. The Chenab River, where the project is sited, is…
BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of operational renewable energy projects. The loan facility carries an interest rate of around 7.70% and has…
Tata Power Renewable Energy Limited has completed NHPC Limited’s 450 MWp DC or 300 MW AC solar project at Karnisar Bhatiyan in Bikaner, Rajasthan. The company executed the project as the EPC contractor and has brought it online after two and a half years of work. The project uses DCR compliant modules and reflects a…