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Gensol Engineering to raise Rs 6 billion, aims for zero net-debt
Gensol Engineering Limited has approved fundraising of up to Rs 6 billion to strengthen its balance sheet and move towards a zero net-debt position. The company plans to raise Rs 4 billion through foreign currency convertible bonds (FCCBs) and Rs 2 billion via warrants issued to promoters. Alongside the fundraise, Gensol is divesting assets, including…
India | Generation | NewsEAC clears 1,720 MW Kamala hydropower project; over 23 lakh trees to be felled
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has recommended environmental clearance for NHPC Limited’s (NHPC) 1,720 MW Kamala Hydroelectric Project in Arunachal Pradesh, while recording concerns over the proposed felling of more than 2.3 million trees. The recommendation was made at the EAC’s 47th meeting. The project, estimated at Rs 23,764…
Tasmania’s first utility-scale solar farm secures offtake with Hydro Tasmania
Tasmania’s first large-scale solar photovoltaic (PV) project, the 288 MW Northern Midlands solar farm, has signed an offtake agreement with state-owned utility Hydro Tasmania, committing to purchase 100% of the energy generated by the A$500 million (US$325 million) project near Launceston. The farm, developed by TasRex in partnership with investment manager Birdwood Energy, is expected…
India completes concept design of Bharat Small Modular Reactor
India has completed the concept design of the Bharat Small Modular Reactor (BSMR), moving it closer to deployment. Following approval, the reactor is expected to be constructed within 72 months. BSMRs are modified versions of India’s 200 MWe pressurised heavy water reactors (PHWRs). They will use slightly enriched uranium as fuel and are being developed…
NTPC begins commercial operations of 25 MW in Gujarat Solar project
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, commenced commercial operations of 25 MW capacity under the 200 MW Gujarat Solar PV Project-Phase XI in Sadla on January 17, 2025. NTPC won the 200 MW capacity bid for GUVNL’s Phase-XI project in December 2020 at a tariff of Rs 1.99 per kWh. The…
Reliance, Sembcorp, ACME, BluPine win SJVN’s 1.5 GW storage auction
SJVN has awarded 1,500 MW/6,000 MWh of assured peak power capacity from its interstate transmission system (ISTS)-connected renewable energy projects with storage. The auction aimed to secure firm renewable power supply during peak hours. Reliance NU Energies and Sembcorp Green Infra emerged as key winners, securing 750 MW/3,000 MWh and 150 MW/600 MWh, respectively. Both…
