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Aerem and OMC Power to finance rooftop solar projects in UP

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Aerem Solutions Private Limited and OMC Power Limited have signed an agreement to finance rooftop solar power projects worth Rs 2,000 million in Uttar Pradesh. The partnership will support Micro, Small and Medium Enterprises (MSMEs) in setting up rooftop solar systems. Aerem, through its non-banking financial company (NBFC), will provide loans to OMC Power’s customers to fund these installations. This initiative targets a major challenge for MSMEs—access to affordable financing for clean energy solutions. By…

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NTPC to expand capacity to 130 GW by 2032

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NTPC aims to increase its installed capacity from 76 GW to 130 GW by 2032, presenting significant growth prospects for micro, small, and medium enterprises (MSMEs).  The company’s procurement value is expected to rise from Rs 190.75 billion in FY24 to Rs 325 billion by 2032, with MSMEs contributing over 52 per cent of FY24 procurement.  Over five years, NTPC’s MSME procurement grew six-fold, from Rs 16.67 billion in FY20 to Rs 98.51 billion in…