Tamil Nadu Green Energy Corporation Limited (TNGECL) plans to develop 100 MW cumulative wind-solar hybrid power projects in the state.
The projects are expected to be set up on a design, build, own, operate, and transfer (DBOOT) basis in Thoothukudi and Kanyakumari districts. TNGECL is preparing a detailed project report (DPR) for the initiative.
Solarworld Energy Solutions Limited launched its initial public offering (IPO) of equity shares on September 23, 2025. The issue totals up to Rs 4.9 billion, including a fresh issue of Rs 4.4 billion and an offer for sale of Rs 0.5 billion by existing shareholders. The IPO subscription opened on September 23, 2025, and will…
REC Limited, through its wholly owned arm REC Power Development and Consultancy Limited (RECPDCL), has transferred two special purpose vehicles (SPVs) under the tariff-based competitive bidding process. The transaction was completed on October 17, 2025. Ananthapuram II Power Transmission Limited was acquired by Shivalaya Construction Limited, while SR WR Power Transmission Limited was taken over…
Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt. The deal brings the total net purchase price to $26.6bn after factoring in expected cash generated by Calpine and tax attributes. The transaction,…
Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have signed a Joint Venture Agreement (JVA) to set up a 1,600 MW coal-based power plant at DVC’s existing Chandrapura Thermal Power Station (TPS) in Jharkhand. The agreement was signed on November 7, formalising a 50:50 partnership between the two public sector entities. The project involves…
Prime Minister Narendra Modi inaugurated energy infrastructure projects worth over Rs 5,400 crore in West Bengal to expand gas connectivity, promote clean fuel use, and support industrial activity. Prime Minister highlighted the government’s ‘One Nation, One Gas Grid’ vision and said the Pradhan Mantri Urja Ganga (PMUG) project was designed to improve energy access and…
CG Power & Industrial Solutions Ltd (CG) will invest Rs 7.12 billion to build a greenfield power transformer plant, approved by its board on January 28, 2025. The facility, slated for commissioning by March 2028, will produce 45,000 MVA annually, boosting CG’s total power transformer capacity to 85,000 MVA. The new plant will manufacture 220kV–765kV…