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Vikran Engineering wins Rs 530.8 crore MSEDCL distribution contracts
Vikran Engineering Limited has secured two Letters of Award totalling Rs 530.80 crore (excluding GST) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contracts, supported by the Asian Development Bank (ADB), focus on strengthening power distribution infrastructure in the Nashik and Kolhapur zones of Maharashtra. The orders were awarded through a national competitive…
Torrent Power restructures renewable energy business, incorporates new subsidiaries
Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated multiple subsidiaries to implement renewable energy projects in India. The company recently set up eight wholly owned subsidiaries—Torrent Urja 39 Private Limited, Torrent Urja 40 Private Limited, Torrent Urja 41 Private Limited, Torrent Urja 42 Private Limited, Torrent…
Fourth Partner signs 28 MW hybrid deal with Hyundai Motor Group
Fourth Partner Energy Private Limited has signed an agreement to supply 28 MW from a wind-solar hybrid project in Tamil Nadu to Hyundai Motor Group. The deal expands an existing relationship that began with rooftop solar installations and has since evolved into a broader decarbonisation programme. The arrangement covers multiple Hyundai group entities, including Hyundai…
AIIB approves $52m loan for Sri Lanka’s Kerawalapitiya-Port L transmission line
The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability in the Greater Colombo area. The project covers the end-to-end delivery of a 220kV single-circuit underground cable system, including design, procurement, construction,…
BC Jindal signs PPA with SECI for 150 MW RTC renewable energy
BC Jindal Group has signed a power purchase agreement with SECI for 150 MW of RTC renewable energy at a tariff of Rs 5.07 per kWh. The capacity was awarded under SECI’s 1,200 MW RTC tender issued in November 2024. The agreement requires BC Jindal to set up ISTS-connected renewable projects that combine solar, wind,…
Kazakhstan selects Rosatom and CNNC to build first nuclear plants
Kazakhstan has chosen Russia’s Rosatom and China’s CNNC (China National Nuclear Corporation) to lead two international consortia for building its first nuclear power plants. The move supports Kazakhstan’s goal of adding 2.4GW of nuclear power capacity by 2035. This is a major shift for the country, which has not had nuclear power since decommissioning its…
