Hydropower is a critical source of power generation, playing a key role in facilitating the energy transition. As a source of energy storage with a unique characteristic of efficient and flexible operations, hydropower is essential […]
Adani Green Energy Limited (AGEL) has raised Rs 23.38 billion through a private placement of warrants to Ardour Investment Holding. A total of 63,143,677 warrants, valued at Rs 1,480.75 each were issued. Upon conversion and […]
China-based Eve Energy has signed a memorandum of understanding (MoU) with Invest Kedah to set up an energy storage company and acquire new land to commence construction of an energy storage plant in Malaysia. The […]
Adani Power Limited has recorded a net profit of Rs 27.38 billion during third quarter of 2023-24, registering an increase of 30322.22 per cent, compared to the profit of Rs 0.09 billion recorded in the […]
Indian Energy Exchange Limited (IEX) has recorded a net profit of Rs 918.07 million during third quarter of 2023-24, registering an increase of 18.9 per cent, compared to the profit of Rs 772.16 million recorded […]
CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tamil Nadu. The 21 MW solar plant will generate over 30 million kilowatt-hour of electricity annually and meet the power supply […]
Reportedly, ReNew has announced a proposal for a significant investment of Rs 264 billion in a green hydrogen project situated in Kerala. The project aims to achieve an annual green hydrogen production capacity of 220 […]
Polaris Smart Metering has secured contracts worth Rs 52 billion from Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) for the implementation of smart prepaid metering in Uttar Pradesh. The agreement entails the deployment of 5.1 million […]
A significant achievement was reached at the Ratle hydro electric project (HEP) in Jammu & Kashmir, as the Chenab river was successfully diverted through diversion tunnels at Drabshalla in Kishtwar district. This pivotal step allows […]
NTPC Green Energy Limited (NGEL) has signed a memorandum of understanding (MoU) with the Maharashtra government for the development of green hydrogen and derivatives (green ammonia, green methanol) of up to one million tonne capacity […]
Copenhagen Infrastructure Partners (CIP) will invest PHP108 billion in a 650 MW offshore wind energy park in Northern Samar province in the Philippines. Construction works are expected to commence in the first quarter of 2024 […]
Adani Green Energy Limited (AGEL) has recorded a net profit of Rs 2.56 billion during third quarter of 2023-24, registering an increase of 148.54 per cent, compared to the profit of Rs 1.03 billion recorded […]
Adani Power Limited has entered into a memorandum of understanding (MoU) to sell its 100 per cent equity stake in its two subsidiaries, Aviceda Infra Park Limited (AIPL) and Innovant Buildwell Private Limited (IBPL), to […]
SJVN Limited has secured the entire allocated capacity of a 100 MW solar power project through an e-reverse auction coundected by Gujarat Urja Vikas Nigam Limited (GUVNL). The project, awarded at a tariff of Rs […]
PTC India Limited has announced the commencement of power supply from the Nikachhu hydroelectric project in Bhutan to Assam, as part of a long term power purchase agreement (PPA). The PPA was executed by PTC […]
Coal India Limited (CIL) emerged as the successful bidder, acquiring a 300 MW capacity in the Gujarat Industrial Power Corporation Limited Renewable Energy Park. The park, boasting a total capacity of 600 MW, is situated […]
Adani Green Energy Limited (AGEL) has concluded funding for the USD750 million, 4.37 per cent notes due on September 9, 2024 (Holdco Notes). The funds, amounting to USD1,125 million, Â were received through preferential allotment to […]
REC Limited has signed a memorandum of understanding with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for renewable energy projects as well as large-scale infrastructure projects […]
The Central Electricity Authority (CEA) has notified draft National Electricity Plan (Volume-II: Transmission). As per the draft, during 2017-2022, targets were set to add 110,281 ckm of transmission lines and 383,690 MVA of transformation capacity […]
The state-owned power utility, Nepal Electricity Authority (NEA), is set to raise NPR69 billion through an initial public offering (IPO), a proposal for which has been forwarded by the Ministry of Energy, Water Resources and […]
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