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Technip Energies and GE Vernova secure Net Zero Teesside power project
Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The…
Polycab India Q2 FY25: Strong demand boosts wire & cable business growth
Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion, driven by favorable commodity prices and strong market demand. Domestically, the institutional segment surpassed distribution, and wires outperformed cables. Internationally, the business saw a…
Indonesia announces plans for 75GW renewable energy expansion over 15 years
Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and…
Indonesia plans 4.3GW nuclear power capacity
Indonesia is planning to build nuclear power plants with a total capacity of 4.3 GW as part of its cleaner energy strategy and to reduce fossil fuel dependency. The country’s current installed power capacity exceeds 90GW, with more than half sourced from coal and less than 15% from renewables, as reported by Reuters. Indonesia, being…
Punjab’s largest solar group captive project to power Swaraj Tractors’ facilities
Swaraj Tractors has partnered with Mahindra Susten to develop a 26 MW solar project in Bathinda district, marking Punjab’s largest solar group captive project. This initiative aims to increase Swaraj Tractors’ renewable energy share to up to 50 per cent. The project, undertaken by Mahindra Susten, will supply clean energy to four Swaraj Tractors manufacturing…
Sun Drops receives LoI for 9 MW solar projects under CPP segment
Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a letter of intent (LoI) to develop solar power projects with a total capacity of 9 MW under the company’s captive power producer (CPP) segment. The projects are scheduled for completion in various tranches by May 2025.
