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European Commission and Moldova agree on strategy for energy resilience
The European Commission (EC) and the Republic of Moldova have agreed on a two-year strategy aimed at strengthening Moldova’s energy independence and resilience. The strategy includes a €250m ($258.7m) financial support package for 2025, implemented in three phases to address both immediate and long-term challenges. The initiative’s primary goal is to reduce Moldova’s reliance on…
Voltamp Transformers FY26 revenue hits record Rs 2,153.69 crore
Voltamp Transformers Limited reported its highest-ever annual revenue for the financial year ended March 31, 2026, while profitability declined due to margin pressures and one-time provisions in the fourth quarter. Revenue from operations rose 11.34% year-on-year (YoY) to Rs 2,153.69 crore. Full-year operating profit stood at Rs 344.21 crore, down 3% from Rs 356.11 crore…
Dominion Energy and Amazon sign MoU for SMR development in Virginia
Dominion Energy Virginia has entered into a partnership with Amazon to explore the advancement of small modular reactor (SMR) nuclear technology within Virginia. The two companies signed a memorandum of understanding (MoU) to develop innovative structures for SMR projects, aiming to bring new sources of carbon-free energy to the state. Kevin Miller, Amazon’s global data…
Sunsure Energy secures Rs 4.16 billion for 150 MW solar park in Maharashtra
Sunsure Energy has achieved financial closure for its 150 MW open access solar park project in Solapur, Maharashtra. The company secured long-term debt financing of Rs 4.16 billion (USD 48.07 million) from Aseem Infrastructure Finance Limited. The first phase of the solar park has been commissioned, and the entire project is slated for completion by…
PFCCL sets up five SPVs for REZ-linked transmission projects
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has incorporated five Special Purpose Vehicles (SPVs) to undertake preparatory work for Independent Transmission Projects (ITPs) across multiple states, focused on evacuating power from Renewable Energy Zones (REZ). The move follows PFCCL’s appointment as Bid Process Coordinator (BPC) by the Ministry…
SJVN synchronises first unit of Buxar thermal power project with national grid
SJVN has successfully synchronised the first 660 MW unit of the 1,320 MW Buxar Thermal Power Project with the national grid on August 21, 2025. The step marks the beginning of the process towards commercial operation. The project, located in Chausa, Buxar district, Bihar, is being developed by SJVN Thermal Private Limited, a wholly owned…
