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Viviana Power Tech signs Rs 2,448 crore MoUs in Gujarat
Viviana Power Tech Limited has signed multiple Memoranda of Understanding (MoUs) with the Gujarat government, worth Rs 2,448 crore, on the opening day of the Vibrant Gujarat Regional Conference (VGRC) 2025. The agreements cover the design, supply, and execution of substations, power transmission and distribution systems, renewable energy projects, smart grid upgrades, and the manufacturing…
Coal Ministry launches digital exploration module and RECLAIM framework
The Ministry of Coal (MoC) has officially launched a new exploration module on the Single Window Clearance System (SWCS) portal. The module, developed in partnership with the Central Mine Planning and Design Institute Limited (CMPDIL), went live on July 4, 2025. This digital interface enables coal block allottees to submit exploration proposals online, including scheme…
Saatvik Solar wins Rs 2.99 billion domestic solar module orders
Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has secured domestic orders worth approximately Rs 2.99 billion for the supply of solar photovoltaic modules. The contracts were awarded by three independent power producers (IPPs) and engineering, procurement, and construction (EPC) companies. Deliveries are scheduled between December 2025 and March 2026….
Ireland’s EirGrid awards contracts for renewables integration technologies
Ireland’s electricity grid operator, EirGrid, has awarded contracts for the deployment of synchronous condensers to support the integration of renewable energy and maintain grid stability as Ireland transitions to cleaner energy sources. These contracts for low carbon inertia services (LCIS) will help balance the grid by providing 6,963 MVA of synchronous inertia, reactive power support,…
Technip Energies and GE Vernova secure Net Zero Teesside power project
Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The…
India | Finance | News | Policy & ProgrammesMoP allows insurance surety bonds in power procurement
The Ministry of Power (MoP) has directed all states, union territories, and power utilities to accept Insurance Surety Bonds (ISBs) as an alternative to bank guarantees for bid security and performance security. The directive takes effect from April 4, 2026. The instruction was issued through an Office Memorandum signed by Director Manish Mishra. It follows…
