REC Limited has decided to extend financial assistance of Rs 30.45 billion to Bangalore Metro Rail Corporation Limited, for establishment and development of metro lines under Phase-II project of Bangalore metro. The Phase-II project of Namma […]
The Maharashtra government and Renew Power Limited have signed a memorandum of understanding (MoU) to set up a Rs 200 billion renewable energy project in Nagpur, Maharashtra. An expression of interest was also signed by […]
Larsen & Toubro (L&T) has received new orders for its power transmission and distribution business in India and abroad. In India, it has received an order for building a 765kV transmission line, which will facilitate […]
Shyam Metalics and Energy Limited (SMEL) has enhanced the capacity of the captive power plant (CPP) at Jamuria in West Bengal by 90 MW. The capacity of the CPP has increased from 267 MW to […]
The National Assembly has approved works on six renewable energy plants, with a combined capacity of 670 MW, in Cambodia. This consists of four solar power projects as well as two hydropower facilities. The solar […]
Kotak Strategic Situations India Fund II (KSSF II) and Kotak Private Credit Fund (KPCF), managed by Kotak Investment Advisors Limited (KIAL), has announced its investment of Rs 7.32 billion in the non-convertible debentures (NCDs) of […]
Power Grid Corporation of India Limited (Powergrid) has commissioned assets at Raigarh (Tamnar) Pool. The asset is under “Additional System for Power Evacuation from Generation Projects Pooled at Raigarh (Tamnar) Pool”.
The Central Electricity Authority (CEA) has issued operation and maintenance (O&M) guidelines and standard format for memorandum of understating (MoU) between new and existing transmission service provider (TSP). CEA has noted that in case of […]
ACME Solar is in advanced discussions with lenders, including REC Limited, Power Finance Corporation Limited, State Bank of India and banks from the Middle East, to secure debt amounting to Rs 40 billion to fund […]
Michelin Group has inked a power purchase agreement (PPA) with CleanMax Enviro Energy Solutions Private Limited for supply of renewable energy. The first long-term open access PPA for Michelin’s factory at Thervoykandigai will increase its […]
Nexif Ratch Energy Investments Private Limited (NREI), a joint venture comprising Nexif Energy of Singapore and Ratch Group of Thailand, has commenced construction on a 74 MWp ground-mount solar project in Calabanga, Camarines Sur, South […]
The Ministry of Coal has announced the commencement of star rating registration process of coal and lignite mines for 2022-23. The star rating policy aims to evaluate mines based on various factors across seven key […]
The Ministry of Power has issued an order regarding waiver of inter-state transmission charges on transmission of the electricity generated from solar and wind sources of energy. As per the order, for any solar, wind […]
First Energy Private Limited, a wholly owned subsidiary of Thermax Limited, has commissioned a 45.80 MW wind-solar hybrid captive power plant in Gujarat. The state-of-the-art facility has an installed capacity of 24.3 MW of wind […]
The West Bengal Electricity Regulatory Commission (WBERC) has issued the draft WBERC (Modalities of Tariff Determination) Regulations, 2023. In its latest draft regulation, the WBERC has proposed that ceiling tariffs may apply for the procurement […]
NovaWind, a unit of Rosatom, has signed memoranda of understanding (MoUs) with the Government of Myanmar to conduct feasibility studies for 372 MW of wind farms in the country. NovaWind, Ministry of Electric Power of […]
The Ministry of Power (MoP) has issued an amendment in the standard bidding documents (SBDs) for procurement of lnter-state transmission service (ISTS) through tariff based competitive bidding (TBCB) process to include provisions of aggregate capital […]
The Ministry of New and Renewable Energy (MNRE) has extended the deadline for developing solar parks under the solar park scheme and ultra mega solar power projects in the country. The deadline had been extended […]
PFC Consulting Limited (PFCCL) has incorporated a new special purpose vehicle (SPV) for development of independent transmission projects. This SPV is Neemrana II Kotputli Transmission Limited for development of “Transmission system for evacuation of power […]
Himachal Pradesh government has requested the union power ministerfor ownership transfer of the 110 MW Shanan hydro power project from Punjab to Himachal Pradesh. The project was allotted on a lease agreement to Punjab which […]
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