In Short : SECI has surpassed 60 GW in Power Sale Agreements for renewable energy, marking a major step in India’s green transition. Covering solar, wind, and hybrid projects, this milestone ensures long-term power offtake and boosts investor confidence. SECI now plans to expand into energy storage, green hydrogen, and innovative supply models to accelerate the […]
GENCO & TRANSCO get four directors – EQ
In Short : APGENCO and APTRANSCO have appointed four new directors to strengthen the power sector. Vemulapalli Usha (HR & IR), P Ashok Kumar Reddy (Thermal), M Sujaya Kumar (Hydel), and J Venkateswara Rao (Technical) bring decades of experience. Their focus includes modernizing thermal units, optimizing hydel power, enhancing HR initiatives, and ensuring reliable power […]
REC to provide Rs 2.5 trn finance for renewable energy projects till 2030 – EQ
In Short : REC Limited plans to finance ₹2.5 trillion for renewable energy projects by 2030, boosting its portfolio to support India’s clean energy transition. The company aims to increase its renewable energy exposure from 8% to 30% by funding solar, wind, hybrid, and emerging technologies like green hydrogen. This initiative aligns with India’s goal […]
Assam Govt Signs Rs 500 Cr MoU with Hedge5 for Renewable Energy, Biogas Projects – EQ
In Short : The Assam government has signed a ₹500 crore MoU with Hedge5 to develop renewable energy and biogas projects in the state. The partnership aims to promote clean energy, reduce carbon emissions, and create sustainable livelihood opportunities. The projects will support Assam’s green energy goals while contributing to environmental conservation and rural economic […]
NHPC forms JV with power producer APGENCO for renewable energy projects – EQ
In Short : NHPC has formed a joint venture with Andhra Pradesh Power Generation Corporation (APGENCO) to develop renewable energy projects. The collaboration aims to boost green energy capacity in Andhra Pradesh, focusing on solar, wind, and hybrid energy solutions. This partnership supports India’s renewable energy targets and strengthens efforts toward a sustainable and low-carbon […]
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore – EQ
In Short : A consortium of three power companies has acquired Karvy Data Management Services for ₹159 crore. This strategic acquisition aims to leverage Karvy’s data management expertise to enhance operational efficiencies and customer service within the power sector. The deal underscores the growing importance of data-driven solutions in optimizing energy distribution and management. In […]
NTPC Green Energy inks pact with Indus Towers to develop renewable energy projects – EQ
In Short : “NTPC Green Energy signs agreement with Indus Towers to collaborate on developing renewable energy projects, marking a strategic partnership towards advancing sustainable energy solutions and reducing carbon emissions.” In Detail : The MoU (Memorandum of Understanding) shall explore joint development of grid-connected renewable energy-based power projects including solar, wind, energy storage etc. […]
UP govt plans to set up 8 renewable energy projects worth over Rs 67,000 cr – EQ
In Short : The Uttar Pradesh government is reportedly planning to establish eight renewable energy projects with a cumulative investment exceeding Rs 67,000 crore. This initiative underscores the state’s commitment to expanding its renewable energy capacity and promoting sustainable development in the region. In Detail : The projects may be launched at the Groundbreaking Ceremony […]
REC Limited and National Investment and Infrastructure Fund Limited to collaborate on funding solutions for renewable energy projects and large infra projects – EQ
In Short : REC Limited and the National Investment and Infrastructure Fund Limited are set to collaborate on providing funding solutions for renewable energy projects and large infrastructure projects. This strategic partnership underscores the commitment to advancing sustainable initiatives and supporting crucial developments in the renewable energy and infrastructure sectors. In Detail : REC Limited, […]
Waaree Renewable eyes big growth in EPC biz – EQ
In Short : Waaree Renewable, a company specializing in renewable energy solutions, is aiming for significant growth in its Engineering, Procurement, and Construction (EPC) business. This strategic focus aligns with the increasing demand for renewable energy projects and reflects the company’s commitment to expanding its presence in the sector. In Detail : Waaree Renewable Technologies […]