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World Bank lifts nuclear funding ban for developing nations
The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new strategy, the Bank will support countries in developing nuclear power, including life-extension of existing reactors and…
Maharashtra awards Rs 825 crore contracts for 35,000 solar water pumps
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has awarded contracts worth a combined Rs 825.73 crore, including GST, for the supply and installation of 35,000 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum-B ‘Magel Tyala Saur Krushi Pump Yojana’ in Maharashtra. The contracts have been awarded to GK Energy Limited, formerly…
L&T completes early delivery of steam generators for Kaiga, wins new transmission contracts
Larsen & Toubro (L&T), through its Heavy Engineering arm, has completed the delivery of four steam generators (SGs) for the Kaiga Atomic Power Station in Karnataka. These are part of the indigenously developed 10×700 MWe Pressurised Heavy Water Reactor Fleet Programme. The fourth SG was despatched nine months ahead of schedule. The full set of…
Metafin secures $10 million debt to expand rural solar access
Solar financing startup Metafin has closed a $10 million structured debt facility, with the capital earmarked for expanding solar energy access in rural India. The funding comes from Lendable’s Transportation and Energy Fund. Focus on diesel replacement in rural markets The Bengaluru-based platform targets small businesses and households that currently rely on diesel, enabling a…
NTPC starts operations on 110 MW solar capacity in Rajasthan and Madhya Pradesh
NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, has commenced commercial operations on a cumulative 110 MW capacity under two major solar power projects in Rajasthan and Madhya Pradesh. Rajasthan: NTPC REL started commercial operations on 60 MW of the 320 MW solar power project in Bhainsara, Jaisalmer, on January 7, 2025….
Jakson begins work on 6 GW integrated solar manufacturing unit in MP
Jakson Group has started construction on the first phase of its 6 GW integrated solar manufacturing facility in Madhya Pradesh. Chief Minister Dr Mohan Yadav laid the foundation stone for the project, which will cover ingot, wafer, cell, and module production. The first phase will include 3 GW of solar cell capacity and 4 GW…
