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Husk Power to raise $400m for expansion in India, Africa
Husk Power Systems plans to raise $400 million in debt and equity in 2025 to expand its mini-grid operations across India and Africa. This capital raise, a mix of equity and debt, precedes a planned initial public offering (IPO) in 2027. The company more than doubled its staff and revenue in 2024, while increasing its…
Rajasthan unveils RIPS to boost renewable energy investments
The Rajasthan government has introduced the Rajasthan Investment Promotion Scheme (RIPS) to enhance renewable energy investments, tapping into its potential of 24.22 GW in solar energy and 5.19 GW in wind energy. Under RIPS, enterprises investing in solar, wind, hybrid, and energy storage projects, including battery energy storage systems and biomass, receive various incentives. The…
Vietnam proposes amendments to electricity law
Vietnam‘s Ministry of Industry and Trade has drafted a new electricity law to establish a legal framework supporting the development of a modern, interconnected, and efficient power market while prioritizing national energy security. The proposed amendments aim to address gaps in power development regulations, improve coordination among ministries, and overcome challenges in bringing electricity investments…
PGCIL awards Rs 6.3 billion contracts to Siemens and CG Power
Power Grid Corporation of India Limited (PGCIL) has awarded two contracts under its bulk procurement programme for 765 kV and 400 kV class transformers and reactors. The first contract, valued at Rs 3.17 billion, was awarded to CG Power & Industrial Solutions Limited for the 765 kV Reactor Package 7RT-21-BULK. The package covers 30×80 MVAR,…
Ganesh Green Bharat wins Rs 571.2 million solar projects contract
Ganesh Green Bharat Limited has secured a Rs 571.2 million contract from Kirloskar Solar Technologies Private Limited for developing 40 MW solar power projects across multiple states, including Maharashtra. The contract, awarded on December 19, 2024, involves the supply of non-DCR monocrystalline PERC solar photovoltaic modules for the projects.
India | Finance | Leadership | NewsGenus Power appoints executive director, posts strong Q3 FY26 results
Genus Power Infrastructures Limited has announced the appointment of a senior executive director and approved its financial results for the third quarter ended December 31, 2025. The decisions were taken at a meeting of the Board of Directors held on February 9, 2026. The board approved the appointment of Nathu Lal Nama as an Additional…
