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Iberdrola secures green loan for photovoltaic plant in Sicily
Iberdrola has finalized a €100m ($103m) green loan agreement with the European Investment Bank (EIB), guaranteed by SACE under the Archimede scheme, to construct a new photovoltaic plant in Sicily, Italy. This marks the first collaboration between the EIB and Iberdrola backed by SACE. The plant, expected to be operational by 2025, will have a…
THDCIL commissions India’s first variable speed pumped storage unit
THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units…
Oriana Power approves Rs 75 crore debenture issue
Oriana Power Limited (Oriana Power) has approved a Rs 75 crore fundraising plan through a private placement of debentures. The decision was taken at a meeting of the Board of Directors held on 5 January 2026. The funds are intended to support the company’s expanding project pipeline, including recently secured solar and energy storage contracts….
IREDA reports 86 per cent growth in loan sanctions in H1 FY 2025-26
Indian Renewable Energy Development Agency Limited (IREDA) has reported strong growth in its key business indicators for the half year ended September 30, 2025, based on provisional data. Loan sanctions rose by 86 per cent to Rs 331.48 billion in H1 FY 2025-26, up from Rs 178.60 billion in the same period last year. Loan…
CMPDIL files for IPO; signs MoU with NALCO for Utkal coal project
Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will be an offer for sale of up to 71.4 million equity shares by…
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Mahagenco signs MoU with NPCIL for nuclear power projects
Maharashtra State Power Generation Company (Mahagenco) has signed a memorandum of understanding with Nuclear Power Corporation of India Limited (NPCIL) to jointly develop nuclear power projects in the state. Maharashtra is the first state to partner with the central government under its nuclear based power initiative. The agreement aims to support Maharashtra’s shift toward clean…
