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MSPGCL signs MoU with Rosatom for thorium-based small modular reactors

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The Maharashtra State Power Generation Company Limited (MSPGCL) signed a Memorandum of Understanding (MoU) with Russia’s Rosatom State Atomic Energy Corporation on April 11, 2025, for the joint development of small modular reactors (SMRs) using thorium fuel.  The project will mark a potential first for any state government entering the nuclear energy space, which has traditionally been under the purview of the Department of Atomic Energy (DAE). The agreement outlines the objective to develop thorium…

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REC PDCL forms two SPVs for new transmission projects in Maharashtra

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REC Power Distribution Company Limited (REC PDCL) has set up two special purpose vehicles (SPVs) to develop upcoming transmission projects in Maharashtra. On March 28, 2025, Jejuri Hinjewadi Power Transmission Limited was incorporated. It will implement the Network Expansion scheme in Maharashtra for removal of Transmission constraints in Pune Region-I & providing supply to Data Centre Loads. The second SPV, Velgaon Power Transmission Limited, was incorporated on March 29, 2025. It will handle the Establishment…

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PFCCL incorporates two SPVs for transmission projects in Maharashtra

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PFC Consulting Limited (PFCCL) has incorporated two special purpose vehicles (SPVs) for the development of transmission projects in Maharashtra. The SPVs were established on March 21, 2025, to facilitate network expansion for renewable energy evacuation and power supply to data centers. SPVs incorporated: NES Dharashiv Transmission Limited – For the Network Expansion scheme in Maharashtra for evacuation of renewable energy power from Dharashiv, Beed District. NES Navi Mumbai Transmission Limited – For the Network Expansion…

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PFCCL and REC PDCL invite bids for transmission projects in Madhya Pradesh and Maharashtra

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PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process on a build, own, operate, and transfer (BOOT) basis for the Augmentation of transformation capacity & Implementation of line bays at Mandsaur S/s for RE Interconnection. The bidding process commenced on March 11, 2025, with the last date for submissions set for May 16, 2025. PFCCL has been…

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MoEFCC clears ToR for Saidongar pumped storage projects

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The Ministry of Environment, Forest and Climate Change (MoEFCC) granted Terms of Reference (ToR) for the 3,000 MW Saidongar I (Closed loop) Pumped Storage Project and the 1,200 MW Saidongar II (Closed loop) Pumped Storage Project in Maharashtra on February 18, 2025. Torrent Power Limited (TPL) will implement the 3,000 MW Saidongar I project through Torrent Psh 3 Private Limited in Saidongar, Kusur, and Dhak villages, Mawal and Karjat tehsil, Raigarh and Pune districts of…

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Blue Energy to invest Rs 35 billion in electric trucks in Maharashtra

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Blue Energy Motors, a key partner in Essar’s green mobility initiative, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs 35 billion in establishing an electric truck manufacturing facility.  The facility, set to begin operations in FY 2025-26, will have the capacity to produce 30,000 electric trucks annually. The facility will include advanced research and development capabilities, a battery-pack production line, a motor manufacturing unit, and charging stations.  The…

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Essar Renewables to invest Rs 80 billion in Maharashtra for RE projects

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Essar Renewables Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop 2,000 MW of renewable energy capacity. The Rs 80 billion investment will focus on round-the-clock renewable energy projects to power the electric vehicle truck charging infrastructure of Blue Energy Motors and Greenline. The projects are expected to start operations in fiscal year 2026-27, creating over 2,000 direct employment opportunities and boosting Maharashtra’s economic growth. Essar Renewables, a division…

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Refex Renewables subsidiary partners with LC Infra for solar project

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Sherisha Rooftop Solar SPV Four Private Limited, a step-down subsidiary of Refex Renewables & Infrastructure Limited, has partnered with LC Infra Projects Private Limited to form LC Infra Solar LLP. The LLP will develop a 150 MW solar power project awarded by Maharashtra State Power Generation Limited. LC Infra Solar LLP has been established with a capital contribution of Rs 10,000, with SPV Four holding a 26% stake.

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Surana Technologies signs PPA with MSEDCL for solar projects in Maharashtra

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Surana Technologies Private Limited, a subsidiary of Surana Solar Limited, has signed a power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25 years.  The agreement covers the development of 54 MW decentralized solar power projects under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0” scheme in Maharashtra. In September 2024, Surana Solar received a Letter of Award (LoA) worth Rs 1.89 billion from MSEDCL for these projects. The work involves…

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Uttar Pradesh leads RDSS project funding among states

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An analysis based on a Lok Sabha reply has revealed that Uttar Pradesh, Maharashtra, and Tamil Nadu are the top three states with the highest project cost sanctioned under the Revamped Distribution Sector Scheme (RDSS).  Uttar Pradesh leads with Rs 405.68 billion worth of projects sanctioned, followed by Maharashtra with Rs 324.24 billion and Tamil Nadu with Rs 288.03 billion. The top ten states collectively account for nearly 80% of the Rs 2,771.36 billion total…