Under the agreement, both companies will explore opportunities in renewable energy generation and supply, combining their expertise to meet the evolving needs of C&I consumers. Mahanagar Gas Ltd (MGL), one of Indiaās leading City Gas Distribution (CGD) companies, and Fourth Partner Energy Pvt. Ltd. (FPEL), a leading renewable energy developer, have signed an MoU to...
Category: Power & New and Renewable Energy
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REC Signs MoU with ERDA to Strengthen Quality Assurance under RDSS
The collaboration will ensure that materials used in RDSS projects meet prescribed standards, strengthening reliability and efficiency across Indiaās power distribution network. REC Ltd, a leading government-owned power sector financier, has signed an MoU with the Electrical Research and Development Association (ERDA), an independent testing and certification body, to strengthen quality testing and assurance mechanisms...
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SEIL Energy India Hosts South Indiaās First C&I Conference
Nearly 150 delegates from over 30 power companies and equipment suppliers across four southern states assembled to share fieldālevel insights on the digital and automation frontier of thermal power. At a time when Indiaās grid is being tested by renewable intermittency, increasing load volatility, and rising cyber threats, SEIL Energy India Ltd initiated a major...
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CleanMax Raises $575 Million for 1 GW Renewable Push in Rajasthan and Karnataka
The fundraise will power renewable energy projects for digitalāage industries, particularly AI, cloud computing, and data centres, sectors rapidly emerging as key demand drivers in Indiaās clean energy transition. Clean Max Enviro Energy Solutions Ltd, Indiaās largest renewable energy solutions provider for the commercial and industrial (C&I) sector, has successfully raised around $575 million to...
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Mumbaiās Rooftop Solar Revolution: Tata Power Consumers Slash Bills by 50%
Rooftop solar adoption in Mumbai is gaining rapid momentum, powered by the PM Surya Ghar Muft Bijli Yojana, one of the worldās largest government-backed programmes encouraging households to generate their own electricity. At a time when the world is reeling under energy shocks and heatwaves triggered by the El NiƱo phenomenon, Indiaās commercial capital offers...
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S&P Urges Breaking Barriers as India Growth Outlook Moderates
A report by the global consultancy says the energy shock could be an opportunity to tackle tactical issues and clear roadblocks, helping the worldās fastestāgrowing major economy achieve longerāterm growth and sustainability goals. The energy price surge and supply constraints triggered by the conflict in West Asia are feeding into broader economic stress for India,...
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Bhutan, World Bank Seal $515 Million Pact for Dorjilung Hydropower
A PPP between stateāowned Druk Green Power Corp. and Indiaās Tata Power, the project is expected to lift Bhutanās GDP by 2.4 per cent, generate jobs, and spur entrepreneurship across manufacturing, tourism, and small businesses. The Government of Bhutan and the World Bank have signed financing agreements worth $515 million for the 1,125 MW Dorjilung...
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REC Posts Record ā¹162.8 Billion Profit, Declares Highest Dividend
The companyās net worth strengthened to ā¹842.9 billion by March 31, 2026, compared with ā¹776.4 billion a year earlier, reflecting a 9 per cent rise. Despite global macroeconomic headwinds and geopolitical uncertainty, REC Ltd has reported its highestāever annual net profit of ā¹162.8 billion for the financial year ended March 31, 2026. The stateārun financier...
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Global Wind Installations Surge 40% as Sector Charts Path Beyond Energy Crisis
Led by China and India, Asia accounted for 80 per cent of new global wind capacity, while Europe, North America, Africa and the Middle East exceeded forecasts with significant project volumes. The global wind industry installed a recordābreaking 165 gigawatts (GW) of new wind capacity last year, with China, the US and India leading additions...
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Polaris Smart Metering Secures $80 Million BII Financing to Accelerate Indiaās Smart Meter Rollout
The financing will drive the rollout of over 2.2 million smart meters in West Bengal, expanding Polarisā advanced metering infrastructure (AMI) footprint and reinforcing its role in Indiaās energy transition. Polaris Smart Metering Pvt. Ltd, an I Squared Capital portfolio company and one of Indiaās leading integrated smart metering and digital energy infrastructure players, has...