Serentica Renewables Private Limited has secured external commercial borrowings (ECBs) amounting to Rs 35 billion for the company’s round-the-clock renewable energy project. The financial transaction involves collaboration with a consortium of six prominent banks, including […]
The central government has secured approval from the President of India to implement solar energy projects amounting to Rs 241.04 billion to provide electricity to 100,000 households belonging to particularly vulnerable tribal groups across 18 […]
THDC India Limited (THDCIL) has entered into a memorandum of agreement (MoA) for the implementation of the 1,200 MW Kalai-II hydroelectric project (HEP) in the Anjaw district of Arunachal Pradesh. The project comprises of seven […]
The state-owned Kenya Electricity Transmission Company Limited (KETRACO) has unveiled its 2023-27 Strategic Plan, revealing ambitious initiatives to construct 4,600 km of high voltage transmission lines and 36 high voltage substations nationwide. Since its establishment […]
Ratle Hydro Electric Power Corporation Limited (RHPCL), a joint venture of NHPC Limited and Jammu and Kashmir State Power Development Corporation (JKSPDC), has entered into a power purchase agreement (PPA) with Rajasthan Urja Vikas and […]
REC Limited has entered into a memorandum of understanding (MoU) with Bank of Baroda (BoB), aiming to collaboratively sanction loans for power, infrastructure, and logistics projects across the country over the next three years. Recognising […]
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has signed a memorandum of understanding (MoU) with the Gujarat government amounting to Rs 20.94 billion for the implementation of the […]
NHPC Limited has entered into a memorandum of understanding (MoU) with Gujarat Power Corporation Limited (GPCL) for a substantial investment in the proposed 750 MW Kuppa pumped hydro storage project. NHPC commits an estimated Rs […]
In a significant development, India and Nepal have signed a long-term agreement for the export of 10,000 MW of power to India over the next decade. The agreement, signed during the seventh meeting of the […]
Total power generation stood at 148.4 BUs in October 2023. At around 49.7 BUs and 42.77 BUs, the central and private sectors respectively accounted for the major shares in conventional power generation. Meanwhile, renewable energy […]
The electricity traded in the day-ahead market in November 2023 was 5,196.15 MUs at the IEX, 3.12 MUs at PXIL and 2.15 MUs at the HPX. The average market clearing price range was Rs 2.70 […]
Torrent Power Limited has incorporated a wholly-owned subsidiary, Torrent Green Hydrogen Private Limited (TGHPL). TGHPL has been incorporated to engage in various activities related to hydrogen and its derivatives. These activities include manufacturing, assembling, purchasing, […]
KP Energy Limited won a contract from ABREL EPC Limited, an Aditya Birla group company for balance of plant package for installation of 2X model wind turbine generators for setting up 86.1 MW wind power […]
JERA Co., Inc. (JERA) has started the operational activities of Unit 2 at the Yokosuka thermal power station, a coal-fired facility located in Kurihama, Kanagawa Prefecture. The power station underwent an upgrade led by JERA […]
Gensol Engineering Limited has been awarded a contract for a 33 MW AC solar power project by Sarda Energy and Minerals Limited (SEML). The order value of this project is pegged at Rs 1.39 billion […]
Kundan Green Energy Limited has received approval from the Government of Sikkim to initiate the establishment of two run-of-the-river hydropower projects at Upper Myong Chu and Lower Myong Chu. The project involve a total investment […]
Torrent Power Limited has signed four non-binding memorandums of understanding (MoUs) with the Government of Gujarat under the 10th edition of Vibrant Gujarat Global Summit. The MoUs were signed between Torrent Power and Gujarat Energy […]
Power Finance Corporation Limited (PFC) has signed an memorandum of understanding (MoU) with the Government of Gujarat to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects. The MoU marks a significant […]
The 28th Conference of Parties (COP28), held in Dubai, UAE, from November 30, 2023 to December 12, 2023, had a couple of firsts to its credit. The first-ever Global Stocktake (GST), whÂiÂch was conducted at […]
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