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Torrent Power signs SSSA with LMCL and TU17

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Torrent Power Limited has entered into a share subscription and shareholders agreement (SSSA) with Lakshmi Mills Company Limited (LMCL) and its subsidiary, Torrent Urja 17 Private Limited (TU17). This agreement involves the supply of 8.5 MWp of solar power to LMCL’s production units via open access from TU17’s renewable energy project.

Under the agreement, LMCL must retain a minimum of 26 per cent ownership in TU17 throughout the power supply period. Additionally, Torrent Power has received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 2,000 MW energy storage capacity from its pumped hydro storage plant connected to the intra-state transmission system.

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SSE begins construction of Aberarder wind farm in Scottish Highlands

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Zelestra signs 25-year deal to supply electricity from 450 MW solar project in Rajasthan to NTPC

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Global nuclear power on rise as IAEA outlook surges for fourth consecutive year

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The International Atomic Energy Agency (IAEA) has raised its projections for the global expansion of nuclear power, marking the fourth consecutive year of capacity growth. As of the end of 2023, global nuclear capacity stood at 371.5 GW, with 413 reactors in operation. In the IAEA’s high-case scenario, nuclear capacity could rise to 950 GW by 2050, more than doubling current levels, with small modular reactors (SMRs) contributing 25%. In the low-case scenario, capacity is…

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Kataria Industries acquires Ratlam Wires’ wire manufacturing business

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