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L&T secures Middle East substation EPC orders
Larsen & Toubro Limited (L&T) has secured multiple engineering, procurement and construction (EPC) orders for extra-high voltage substations in the Middle East through its Power Transmission & Distribution (PT&D) business vertical. The scope of work includes construction of one 380 kV substation and two 132 kV substations. According to the company, the projects are intended…
India | Generation | NewsSJVN signs PPAs with GUVNL for 658 MW hydropower projects
SJVN Limited has signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the supply of power from three hydroelectric projects in Himachal Pradesh with a combined capacity of 658 MW. The agreements cover the 66 MW Dhaulasidh Hydro Electric Project (HEP), the 210 MW Luhri Stage-I HEP and the 382 MW…
CERC amends Indian Electricity Grid Code, tightening regulations for renewable and storage projects
The Central Electricity Regulatory Commission (CERC) has released the CERC (Indian Electricity Grid Code) (First Amendment) Regulations, 2024, introducing several critical changes aimed at improving grid efficiency and flexibility. Key amendments include reducing the permissible period for renewable energy and energy storage systems to inject infirm power from one year to 45 days. Extensions of…
Hitachi Energy to invest Rs 1,000 crore in Tamil Nadu expansion
Hitachi Energy India has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest Rs 1,000 crore over the next three to five years. The MoU was signed in the presence of the Chief Minister of Tamil Nadu, Thiru C. Joseph Vijay. The investment will support the expansion of Hitachi Energy…
JSW Neo Energy acquires Virya Infrapower for Rs 75.4 million
JSW Neo Energy Limited has completed the acquisition of a 100 per cent equity stake in Virya Infrapower Private Limited for an enterprise value of Rs 75.4 million. The transaction, finalized on the same day as the signing of the share purchase agreement (SPA), was executed through a 100 per cent cash consideration, subject to…
Waaree Energies and KEC International post Q1 results
Waaree Energies and KEC International have reported strong financial performance for the first quarter, driven by improved profitability and healthy revenue growth. Waaree Energies posted a 20.3 per cent sequential rise in net profit to Rs 745 crore, compared to Rs 619 crore in the previous quarter. Revenue rose 10.5 per cent quarter-on-quarter to Rs…
