At the grand finale marking the culmination of Ujjwal Bharat Ujjwal Bhavishya-Power @2047, the prime minister virtually launched the Ministry of Power’s Revamped Distribution Sector Scheme (RDSS) to revive the ailing distribution segment. The scheme, […]
The Ministry of Coal has signed agreements with the successful bidders for 16 coal mines under sale of coal of 13th tranche, 14th tranche and second attempt of 12th tranche. The 16 mines for which […]
Adani Power Limited has agreed to acquire DB Power Limited at an enterprise value of Rs 70.17 billion. DB Power owns and operates a running 2×600 MW thermal power plant at Janjgir Champa district in […]
NHPC Limited has signed a memorandum of understanding (MoU) with Investment Board Nepal for preparation of detailed project report (DPR) and development of two hydropower projects namely West Seti (750 MW) and Seti River 6 […]
Larsen & Toubro (L&T) has commissioned a green hydrogen plant at its AM Naik Heavy Engineering Complex in Hazira, Gujarat. The plant will produce 45 kg of green hydrogen daily, which will be used for […]
NTPC Limited has captured its first carbon dioxide (CO2) from flue gas stream of 500 MW coal-based power plant (Unit-13) at Vindhyachal Super Thermal Power Station (VSTPS). This plant is designed to capture 20 tonnes […]
Tata Power Renewable Energy Limited has raised Rs 20 billion by issuing 83.6 million equity shares to BlackRock-backed GreenForest New Energies Bidco Limited. Its board has approved the allotment of 83.6 million equity shares of […]
Vikram Solar Limited has received Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 15 billion […]
ReNew Power has tied up with 12 international lenders, led by Rabobank, for external commercial borrowings (ECB) project finance loan in the renewable sector, for any single project. This USD1 billion loan has been tied […]
Reportedly, the Union government had barred 27 discoms from 13 states from buying or selling electricity on power exchanges until they pay their current bills from power plants, giving a strong message that they will […]
Saint-Gobain India and Cleantech Solar have partnered to commission an 18.7 MW solar photovoltaic (PV) system at Cleantech’s solar park in Tamil Nadu. The solar PV system is expected to generate approximately 28 million units […]
Power Mech Projects Limited (PMPL) has bagged order for five flue gas desulphurisation (FGD) projects with an aggregate value of Rs 61.63 billion from Adani Group. These engineering, procurement and construction (EPC) projects are projected […]
Sun Mobility has partnered with Gurugram-based EVeez to deploy over 10,000 electric vehicles (EVs) across the country within a year. For this, EVeez will leverage Sun Mobility’s battery swapping solution based on mobility-as-a-service. This is […]
Japan-based JERA, a joint venture (JV) company between Tokyo Electric Power and Chubu Electric Power, has acquired a 35.1 per cent stake in Vietnam-based Gia Lai Electricity JSC (GEC), a renewable energy firm. The transaction […]
India’s renewable energy deployments crossed 110 GW in June 2022, an imÂpÂreÂssive doubling of capacity from 58 GW in June 2017. This is the result of several factors including a supportive policy regime, a transparent […]
NTPC Limited has commissioned a 56 MW Kawas solar photovoltaic (PV) project at NTPC Kawas, Gujarat. With this commissioning, the NTPC Group has achieved 69,454 MW of installed and commercial capacity. NTPC is steadily lowering […]
Reportedly, NTPC Limited has approached global utilities and energy companies, pension and infrastructure-focussed funds to start fundraising for its clean energy platform. NTPC plans to first carve out its renewable energy assets into a special […]
India Meteorological Department (IMD), the Government of Japan, and United Nations Development Programme (UNDP) have announced a new initiative to accelerate climate action in 10 states and union territories (UTs) across the country. Under the […]
Power Finance Corporation Limited (PFC) has recorded a net profit of Rs 45.80 billion for the quarter ended June 2022, an increase of 0.5 per cent over the net profit of Rs 45.55 billion recorded […]
Electric vehicle (EV) charging provider goEgo Network has raised Series A equity funding of around Rs 600 million from various global investors as well as high net worth individuals. The company will use the funds […]
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