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India | Leadership | NewsREC appoints Rajiv Ranjan Jha as PFC nominee director
REC Limited has appointed Rajiv Ranjan Jha as the Nominee Director of Power Finance Corporation Limited (PFC) on its Board, with effect from April 6, 2026. The appointment follows an order issued by the Ministry of Power. The approval has been granted under Clause 5.1 of the Share Purchase Agreement signed on March 20, 2019,…
India | Generation | NewsCIL builds 175.5 MT coal buffer ahead of summer 2026
Coal India Limited (CIL) has put in place a three-layer coal reserve of about 175.5 million tonnes as electricity demand begins to rise ahead of the summer of 2026. The company said the stock position is designed to ensure an uninterrupted domestic supply during the peak consumption period. CIL stated that power demand started increasing…
JAKEDA awards 45.75 MW rooftop solar projects in J&K
The Jammu and Kashmir Energy Development Agency (JAKEDA) has awarded 45.75 MW of grid-connected rooftop solar capacity across multiple government departments in Jammu and Kashmir. The projects were allocated under the Renewable Energy Service Company (RESCO) model, with discovered tariffs ranging from Rs 4.19/kWh to Rs 5.27/kWh. The tender was originally issued in October 2025…
Masdar to develop 1GW renewable energy projects in Philippines
Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements, signed with the Philippines Department of Energy (DoE) and the Board of Investments, support the country’s energy transition programme. This initiative aims to…
Alpex Solar raises Rs 2.6 billion to expand module manufacturing capacity
Alpex Solar Limited has raised about Rs 2.6 billion through a preferential issue of 21,46,600 equity shares and warrants. The company said the funds will be directed toward scaling up its module manufacturing capacity and progressing toward integrated solar cell and module production. The preferential issue drew interest from several institutional investors and funds, including…
India’s solar cell capacity set to nearly double to 60 GW this fiscal, Crisil says
Domestic solar cells are expected to meet around half of India’s total solar cell demand in fiscal 2027, up from about one-fourth in the previous fiscal, driven by the implementation of the Approved List of Cell Manufacturers (ALCM) and rapid capacity expansion, according to Crisil Ratings. The agency said the shift will reduce dependence on…
