Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each.
The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Russia plans to present its own climate-related proposals, differing from Western approaches, ahead of the COP29 U.N. climate summit in Azerbaijan this November, according to Deputy Energy Minister Pavel Sorokin. Amid strained relations with the West, Russia is crafting a new energy strategy through to 2050, focusing on measures that do not hinder its development potential. Sorokin highlighted energy efficiency as a key method for reducing emissions, noting that Russia’s energy-saving potential is 20-30%. He…
AMEA Power has announced plans to invest USD 800 million to develop Egypt’s largest solar photovoltaic (PV) plant and first utility-scale battery energy storage systems (BESS). The project, located in the Benban area of Aswan Governorate, will feature a 1,000 MW solar PV power plant alongside a 600 MWh BESS. Additionally, AMEA Power is constructing a 500 MW Abydos solar PV plant in Kom Ombo, Aswan Governorate, which will include a 300 MWh BESS. The…
Emirates Water and Electricity Company (EWEC) has received three bids for its new 1,500 MW Khazna Solar Photovoltaic (PV) Independent Power Project in Abu Dhabi. The bidders include ENGIE, a consortium led by EDF Renewables and Korea Western Power (KOWEPO), and a joint consortium of Jinko Power and JERA. The Khazna project is expected to reduce Abu Dhabi’s carbon emissions by over 2.4 million tonnes annually, contributing 5 percent toward EWEC’s targeted 36 percent reduction…
Vestas has announced plans to transition its Isle of Wight factory in the UK from manufacturing offshore turbine blades to onshore blade production. The shift follows an agreement in principle with the UK government and responds to declining demand for V174 offshore turbine blades and site constraints unsuitable for next-generation offshore blades. Vestas will sustain 300 manufacturing jobs at the site while creating additional opportunities across its UK operations. The factory, which has supported global…
Torrent Power Limited has signed a memorandum of understanding (MoU) with the Government of Gujarat to develop a 5 GW solar, wind, or solar-wind hybrid project in Dwarka, Gujarat. This agreement marks a significant step in advancing renewable energy initiatives in the region.
Aravinda Electricals Infra has emerged as the lowest bidder (L1) for a project by Power Transmission Corporation of Uttarakhand (PTCUL). The project involves constructing a 220 kV Gas-insulated Substation (GIS) in Ghansali. The company’s quoted bid value is Rs 1.73 billion.