JSW Renew Energy Two Limited, a step-down subsidiary of JSW Energy Limited, has commissioned 51 MW of wind power capacity under phase-wise commissioning of the 450 MW interstate transmission system (ISTS)-connected wind power project awarded […]
Power Mech Projects Limited has secured orders worth Rs 7.20 billion. Anorder worth Rs 1.62 billion has been secured for distribution works under revamped distribution sector scheme for Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company […]
REMC Limited (REMCL) has, reportedly, allocated 960 MW of renewable energy capacity to four companies. The winners are required to supply round-the-clock (RTC) renewable power to Indian Railways. NTPC Renewable Energy Limited and Anaya Renewables […]
Reliance Industries Limited (RIL) has withdrawn the scheme of amalgamation of its renewable energy arm, Reliance New Energy Limited (RNEL) with itself. Based on a review of the new energy / renewable energy business and […]
Vena Energy has announced the commissioning of the 272 MW E2 solar project in Taiwan. The E2 solar project is built on reclaimed land spanning 226 hectares and features 680,000 solar photovoltaic panels. The project […]
The Ministry of Power (MoP) has issued the draft Electricity (Amendment) Rules, 2023 incorporating provisions for subsidy accounting and payment, and framework for financial sustainability. As per the draft, the accounting of subsidy payable under […]
The Ministry of Power (MoP) has issued the scheme for pooling of tariff of those plants whose power purchase agreements (PPAs) have expired. In view of the long gestation period required for the construction of […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over the project specific special purpose vehicle, formed for construction of transmission project viz., KPS1 Transmission Limited to Megha Engineering & Infrastructures Limited (MEIL). The selection […]
Power Finance Corporation Limited (PFC) has sanctioned a loan of Rs 6.33 billion to Gensol Engineering Limited (GEL) for the purchase of 5,000 passenger electric vehicles (EVs) and 1,000 cargo EVs. The passenger EVs will […]
ReNew Energy Global Plc’s (ReNew) wholly-owned subsidiary, Diamond II Limited, has raised $400 million through the issue of senior secured green bonds. The green bonds received strong demand from investors in the US, Europe and […]
Avaada Energy, an arm of Avaada Group, has secured a 200 MW (DC) solar power project from Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff of Rs 2.75 per kWh. The project was awarded […]
Sterling and Wilson Renewable Energy Limited has recorded a net loss of Rs 11.75 billion during 2022-23, compared to the net loss of Rs 9.16 billion recorded in the previous year. The company’s total income […]
Solarpack has raised MYR285 million through its project company, Solarpack Suria Sungai Petani Sdn Bhd (3SP) by successfully issuing an ASEAN Green SRI Sukuk Wakalah in accordance with the ASEAN Green Bond Standards, the Securities Commission […]
IndiGrid has announced that International Finance Corporation (IFC) has subscribed to a listed non-convertible debentures (NCD) issuance of IndiGrid aggregating to Rs 11.40 billion. With a total tenure of 18 years, the NCD were priced […]
Bharat Petroleum Corporation Limited (BPCL) is planning to set up 240 MW of renewable power capacity at the cost of Rs 16 billion in 2023-24. The company plans to set up solar and wind energy […]
Vedanta Aluminium has augmented its 2,400 MW thermal power plant with industrial internet of things (IIoT) devices in fabric filters to improve emissions control. Fabric filters are special bag filters placed after electrostatic precipitators in […]
Adani Green Energy Limited (AGEL) has been certified water positive by DNV, an independent global assurance agency. This is a recognition for its water conservation greater than consumption for 2022-23. DNV conducted qualitative and quantitative […]
The Department of Energy (DOE) of the Philippines has released the terms of reference for the second round of the Green Energy Auction (GEA2) Program, with the agency planning to award the new contracts by […]
SJVN Limited’s wholly owned subsidiary, SJVN Green Energy Limited (SGEL), has entered into an agreement for balance of system (BOS) package for 100 MW solar project in Punjab. SGEL has entered into agreement with BVG […]
REC Power Development and Consultancy Limited (RECPDCL)has initiated the bidding process for the inter-state transmission system (ISTS) project – North Eastern Region Expansion Scheme -XVI (NERES-XVI) . The transmission service provider will be selected through […]
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