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EIB backs Bay of Biscay power link with €1.6bn investment
The European Investment Bank (EIB) has committed €1.6 billion (around $1 billion) to the Bay of Biscay electricity interconnection project, which will significantly expand electricity exchange between Spain and France. Led by Inelfe—a joint venture of Spain’s Red Eléctrica and France’s Réseau Transport d’Électricité—the project involves building a submarine direct current line between the two…
India | Generation | NewsPower Mech secures Rs 109 crore O&M contract from Hindustan Zinc
Power Mech Projects Limited has secured an operations and maintenance (O&M) contract from Hindustan Zinc Limited for a 91.5 MW captive power plant and its transmission line up to the main receiving substation (MRSS). The contract is valued at Rs 109.22 crore excluding goods and services tax (GST) and has a tenure of 48 months….
China converts thorium into uranium fuel in world-first molten salt reactor
China has announced a breakthrough in nuclear technology, successfully converting thorium into uranium fuel inside a working molten salt reactor (MSR). The achievement confirms that thorium, a metal several times more abundant than uranium, can be transformed into usable fuel within an operational system. The development gives China a lead in next-generation nuclear power. Its…
Solarium Green wins Rs 186 crore solar EPC order in Maharashtra
Solarium Green Energy Limited has received a Letter of Award (LOA) dated June 22, 2026, for the execution of a 50 MW AC / 65 MW DC solar photovoltaic (PV) power project in Maharashtra. The contract has an order value of approximately Rs 186.525 crore, excluding Goods and Services Tax (GST). The project is being…
Pace Digitek wins SECI order for 1,200 MWh BESS in Andhra Pradesh
Pace Digitek has received an order from the Solar Energy Corporation of India (SECI) to supply a 600 MW/1,200 MWh standalone grid-connected battery energy storage system in Andhra Pradesh. The project, valued at about Rs 11.59 billion, was tendered in August 2025. The company’s scope includes the design and engineering of the entire system along…
NTPC posts marginal rise in Q2 profit despite lower revenue
NTPC Limited reported a slight increase in its consolidated net profit for the second quarter of FY25, even as its revenue declined year-on-year. The company’s net profit stood at Rs 4,653 crore in Q2 FY25, up 0.11% from Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% to Rs 39,166…
