Energy Development Corporation (EDC) has committed USD434 million to expand the Southern Negros Geothermal Project (SNGP). The investment will support new well drilling, pad expansion, road and pipeline network upgrades, and the integration of emerging technologies. Currently, the SNGP operates at a dependable capacity of 221.8 MW across multiple geothermal plants, with this expansion set…
Torrent Power Limited (TPL) has acquired 100 % equity shares of Torrent Urja 47 Private Limited (TU47) for a cash consideration of Rs 5,00,000. The transaction was completed on March 27, 2026. TPL stated that the acquisition supports its plan to evaluate and pursue opportunities in thermal power generation. The company is assessing proposals to…
Diamond Power Infrastructure Limited has approved a proposal to raise up to Rs 2,000 crore through a Qualified Institutions Placement (QIP), doubling its earlier fundraising limit of Rs 1,000 crore. The decision was taken by the company’s Board of Directors at its meeting held yesterday. The proposed fundraising will be carried out through the issuance…
Sustainable infrastructure fund Alcazar Energy Partners has signed agreements with RP Global to acquire rights for 968MW of renewable energy projects in Serbia. The deal includes Project Celzijus 1, a 200MW onshore wind farm, and a pipeline of 768MW in wind and solar projects. Project Celzijus 1, located in the Western Balkans, is set to…
Hitachi Energy India has secured an order from Power Grid Corporation of India Limited (POWERGRID) to supply 30 single-phase 765 kV, 500 MVA transformers.  According to the company’s press release, the transformers will be manufactured at Hitachi Energy’s facility in Maneja, Vadodara, Gujarat.  India’s transformer demand has risen by 15 percent annually over the past…
Power Grid Corporation of India Limited (POWERGRID) has approved a capital investment of Rs 173.14 crore to augment a key substation in Kerala. The capital expenditure was sanctioned by the Committee of Directors on Investment on Projects at its meeting held on January 30, 2026. The approved scheme involves the augmentation of one 500 MVA,…