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Ministry of Coal selects firms for Category-II financial incentives
The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification, lower carbon emissions, enhance energy security, and promote sustainable development. Launched on January 24, 2024, the…
MDBs pledge $120 billion for low-income nations at COP29
At COP29 in Baku, Azerbaijan, leading multilateral development banks (MDBs) announced plans to collectively mobilize $120 billion annually in climate financing for low- and middle-income countries by 2030, with $42 billion dedicated to adaptation. The private sector is expected to contribute an additional $65 billion each year. High-income countries are set to receive $50 billion…
BHEL commissions two units of Punatsangchhu-II Hydro Project in Bhutan
Bharat Heavy Electricals Ltd (BHEL) has commissioned two units of the 6×170-MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan. The project, part of a bilateral agreement between the Government of India and the Royal Government of Bhutan, is located in the Wangdue district. The two units were synchronized on December 16 and 17, 2024, and are…
- India | Generation | News
Nuvoco Vistas buys Vadraj Energy for Rs 200 crore
Nuvoco Vistas Corporation has agreed to acquire Gujarat-based Vadraj Energy for Rs 200 crore to strengthen captive power supply for its cement operations. The purchase is from JSW Cement Ltd and Alpha Alternatives Holdings. Nuvoco Vistas said it has signed a Securities Purchase Agreement to take full ownership of Algebra Endeavour Private Ltd, which holds…
Servotech and Solarium secure rooftop solar contracts
Servotech Renewable Power System Limited has secured a contract worth Rs 600 million from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for setting up 16 MW of grid-connected rooftop solar projects across the state. The award was made on 24 June 2025. The project scope includes design, engineering, supply, installation, testing, commissioning, and insurance of…
Adani Power allots Rs 7,500 crore NCDs under approved fundraising plan
Adani Power Limited has allotted secured, listed, non-convertible debentures worth Rs 7,500 crore through a private placement. The issuance is part of a fundraising plan approved earlier by the company’s Board. The debentures have been issued in multiple series with tenors ranging from two to five years and are rated AA with a stable outlook….
