Voltamp Transformers Limited has received a Letter of Intent (LoI) valued at Rs 2,633.3 million from Gujarat Energy Transmission Corporation Limited (GETCO) for the design, manufacturing, testing, and supply of various ratings of power transformers.
The project, awarded on November 5, 2024, is expected to be completed within 12 months.
Jharkhand Chief Minister Hemant Soren announced the waiver of old electricity bills for families living below the poverty line. Speaking at a gathering in Dumka, Soren stated that the government would provide 200 units of free electricity and, in the first phase, waive off all past electricity dues for poor households not filing Income Tax Returns. He mentioned that the government would also consider assessing the electricity dues of middle-class families, aiming to send a…
Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have signed a memorandum of understanding (MoU) for India’s largest green hydrogen initiative by a steel manufacturer. The MoU focuses on integrating green hydrogen into JSPL’s direct reduced iron (DRI) units at Angul, Odisha. In the first phase, JRPL will develop a green hydrogen generation capacity of up to 4,500 tonnes per annum (tpa) by December 2025, along with the supply of 36,000 tpa of…
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka. The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections. PFCCL has commenced the bidding…
The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International are jointly providing a €110 million financing package to develop two solar photovoltaic power plants in south-eastern Romania, with a combined capacity of around 300 MW. The Iepuresti and Ghimpati projects reflect growing confidence in Romania’s renewable energy sector, spurred by recent regulatory reforms supporting the country’s ambitious green energy goals. The financing package includes a €55 million loan from EBRD, matched by…
Prime Minister Narendra Modi virtually addressed the first International Solar Festival 2024, organized by the International Solar Alliance (ISA), a coalition of 119 member and signatory countries promoting solar energy for a carbon-neutral future. The festival centred on the role of youth, communities, women, and the private sector in advancing solar power, with a focus on innovation, financing, and global cooperation. PM Modi reaffirmed India’s commitment to a green and inclusive future. Mauritius Prime Minister…
Mitsubishi Electric Power Products (MEPP) and Mitsubishi Electric Corporation have announced an $86 million investment in the US to expand switchgear production and power electronics capabilities. MEPP plans to construct a 160,000-square-foot advanced switchgear facility in Western Pennsylvania, its first new manufacturing site in over a decade. The facility will initially produce vacuum and gas circuit breakers, with a focus on vacuum circuit breakers as production scales. Once fully operational, the facility will create 200…
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