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Blupine secures Rs 24.16 bn loan for FDRE project in Karnataka

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Blupine Energy Private Limited has achieved financial closure for its 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka. The company has secured debt funding worth Rs 24.16 billion from Standard Chartered Bank. Standard Chartered served multiple roles in the transaction. It was the mandated lead arranger, lender, sole green coordinator, and account bank. The project was awarded to Blupine’s wholly-owned subsidiary, Solarcraft Power India 16 Private Limited, in November 2023. It…

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U-Solar commissions solar project in Karnataka, plans expansion

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U-Solar Clean Energy Private Limited has commissioned a 20 MWp solar power plant under Phase-I at Ramasamundra village in Yadgir district, Karnataka. The company also plans to develop an additional 50 MW solar project at the same site as part of Phase-II. Electricity generated from both phases will be used to power co-working spaces across India, supporting clean energy adoption in commercial real estate.

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KPTCL invites turnkey bids for 3 transformer packages across Karnataka

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Karnataka Power Transmission Corporation Limited (KPTCL) issued a tender on May 26, 2025, inviting bids for a combined turnkey package covering three transformer-related infrastructure works—Packages A, B, and C. The deadline for bid submission is June 16, 2025. The turnkey contract includes the supply of materials, equipment, mandatory spares, erection, dismantling, civil works, testing, and commissioning. The total estimated cost of the project is Rs 1,489.88 million, with a completion timeline of 24 months. Scope…

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REC PDCL incorporates SPVs for three transmission projects in Karnataka

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REC Power Distribution Company Limited (REC PDCL) has incorporated three special purpose vehicles (SPVs) for transmission projects in Karnataka. The SPVs were established on May 21, 2025, to facilitate project development under the tariff-based competitive bidding (TBCB) route. Hampapura Power Transmission Limited will implement the project for establishing a 400 kV substation at Hampapura, along with associated transmission lines in Mandya district. Sharavathi Power Transmission Limited has been formed for the transmission system required for…

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Power Ministry reviews Karnataka’s power sector, pushes for reforms

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The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and subsidies, proposing a centralized payment mechanism to improve accountability and streamline payments. Utilities were directed to speed up the installation…

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REC PDCL invites bids for transmission upgrade to support RE in Karnataka

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REC Power Distribution Company Limited (REC PDCL) has invited bids for selection of a transmission service provider (TSP) to implement transmission system strengthening works at Davanagere for renewable energy (RE) integration in Karnataka. The request for proposal (RfP) was issued on May 15, 2025. Bids are due by July 18, 2025. The project will be awarded through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. REC PDCL is the bid…

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Karnataka signs MoU with GAIL for 1,000 MW RE projects

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The Government of Karnataka signed a Memorandum of Understanding with GAIL (India) Limited on May 9, 2025. The agreement aims to develop 1,000 MW of renewable energy projects in the state by 2030. Under the MoU, the state government will assist GAIL in securing all necessary permissions, approvals, clearances, registrations, and incentives through relevant departments. M B Patil, Minister for Large and Medium Industries and Infrastructure Development, stated that Karnataka’s policies, workforce, and land availability…

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REC PDCL invites bids for two 400 kV substations in Karnataka

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REC Power Distribution Company Limited (REC PDCL) has launched a bidding process to select transmission service providers (TSPs) for two major transmission projects in Karnataka. The bids were invited on April 30, 2025, through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The last date to submit bids is July 4, 2025. The projects involve establishing 400 kV substations and associated transmission lines at Mekhali in Belagavi district and Hampapura…

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IRCON commissions 75 MW solar under CPSU Tranche-III

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IRCON Renewable Power Limited (IRPL) has commissioned 75 MW solar capacity under Lot-4 of the 500 MW Grid-Connected Solar PV Power Project (CPSU Tranche-III) at Pavagada, Karnataka, on May 2, 2025. This brings the total commissioned capacity under the project to 225 MW. The project is part of the 12,000 MW CPSU Scheme Phase-II and is being developed with viability gap funding (VGF) support on a build, own and operate (BOO) basis. Power will be…

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CleanMax commissions hybrid power project in Karnataka

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CleanMax Enviro Energy Solutions Private Limited has commissioned a wind-solar hybrid power project in Jagalur, Karnataka to supply electricity to the India campus of Cisco Systems, Inc. The project combines 69 MWp of solar and 23.1 MW of wind capacity, making up a 92.1 MW hybrid system. It is part of a larger 151 MW open-access, grid-connected renewable energy project. The project generates 57 million units of electricity annually and offsets approximately 46,740 tons of…