Sunsure Solarpark Thirty Seven Private Limited, a special purpose vehicle of Sunsure Energy Private Limited, has signed key agreements with Sunflag Iron & Steel Company Limited to develop a captive solar power project in Dhule, Maharashtra. The agreements include a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders Agreement (SSSHA). As part of…
Vikram Solar Private Limited has secured a contract from Maharashtra State Power Generation Company Limited (MSPGCL) to supply N-type solar modules. These modules will be used to set up 150 MW decentralised solar power projects in Jalgaon and Solapur districts. The initiative is part of the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0.” The project…
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…
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…
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…
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…
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…
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…
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…
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…