Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion.
TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Orlen Group has received a 3.5 billion zlotys ($866.6 million) loan from the European Investment Bank (EIB) to fund a major program aimed at modernizing and strengthening Poland’s electricity distribution network. The loan, to be disbursed in tranches over three years, will have a repayment period of up to 15 years. The initial tranche of financing is valued at 900 million zlotys. Energa Operator, Orlen’s distribution subsidiary, will lead the project, serving over 3.4 million…
In September 2024, Oracle announced plans to build a gigawatt-scale data centre powered by small modular reactors (SMRs). Equinix, a leading data centre operator, made a $25m pre-payment to nuclear power company Oklo for SMR power. SMRs, compact versions of traditional nuclear plants, offer high-energy corporations a dedicated power source, providing greater energy security and consistent output. More than 200 SMRs have already been ordered, with demand coming from companies like Standard Power and Dow….
Sterlite Power Transmission Limited has secured a contract worth Rs 682.5 million from Power Grid Corporation of India Limited (PGCIL) for reconductoring Package OH01. The package includes the reconductoring of the 220 kV Hisar (PG) to Hisar (IA) single circuit line and the 400 kV Raichur to Veltoor (Mahabubnagar) line with high-tension low-sag (HTLS) conductors. This project involves reconductoring the transmission line and upgrading the 400 kV bays at Raichur and Mahabubnagar to fully utilize…
Ahasolar Technologies Limited has received a work order worth Rs 11 million from Coal India Limited (CIL) to serve as the engineer and project management consultancy for a 300 MW solar photovoltaic (PV) plant at Gujarat Industries Power Company Limited’s (GIPCL) solar park in Khavda, Gujarat. The project is expected to be completed within 27 months.
Rays Power Infra has secured solar projects worth Rs 9.4 billion, totalling 362 MW, in Rajasthan. Additionally, the company won a 600 KW / 3000 KWh flow battery project from NTPC. Ketan Mehta, MD & CEO, expressed excitement over the projects, emphasizing the company’s leadership and commitment to innovative energy solutions. Since its inception in 2011, Rays Power Infra has been a key player in turnkey solar EPC services, addressing the growing demand for renewable…
EDP Renewables (EDPR) announced its renewed partnership with Microsoft on Singapore’s largest solar energy project, SolarNova. Under the agreement, Microsoft will purchase 100% of the renewable energy generated by EDPR’s SolarNova 8 project, which has a capacity of up to 200MW-peak (MWp). Awarded in February, the SolarNova 8 project will see EDPR install solar panels on more than 1,000 public housing buildings and over 100 government-owned properties. The energy produced will power common services during…
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