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PFCCL sets up five SPVs for REZ-linked transmission projects
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has incorporated five Special Purpose Vehicles (SPVs) to undertake preparatory work for Independent Transmission Projects (ITPs) across multiple states, focused on evacuating power from Renewable Energy Zones (REZ). The move follows PFCCL’s appointment as Bid Process Coordinator (BPC) by the Ministry…
Germany signals support for nuclear power in EU energy legislation shift
Germany has informed France it will no longer oppose recognising nuclear power as equal to renewable energy in European Union (EU) legislation, according to a report by Reuters. This marks a major shift in Germany’s energy policy under its new Chancellor, Friedrich Merz. Historically, Germany and France have held divergent views on nuclear energy. While…
IRCON secures Rs 4.58 billion contract for Tato-I hydropower project
IRCON International Limited has won the Rs 4,581.44 million contract for Package I of the 186 MW Tato-I Hydro Electric Project. The award was made on May 2, 2025, following a tender process initiated by North Eastern Electric Power Corporation Limited (NEEPCO) in October 2024. The contract covers construction of key civil works on an…
REC gets CBDT nod to issue Rs 50 billion zero coupon bonds
REC Limited has received approval from the Central Board of Direct Taxes (CBDT), Ministry of Finance, to issue zero coupon bonds worth Rs 50 billion. These bonds will have a tenure of ten years and six months. They will be issued at a deep discount and redeemed at face value upon maturity. The structure offers…
BMC and Oil India Limited to set up biogas plant in Bhubaneswar
The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially,…
India | Generation | NewsCabinet approves Rs 37,500 crore coal gasification scheme
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a Scheme for Promotion of Surface Coal/Lignite Gasification Projects with a financial outlay of Rs 37,500 crore. The scheme aims to accelerate India’s coal and lignite gasification programme, support the target of gasifying 100 Million Tonnes (MT) of coal by 2030, strengthen energy security,…
