Pure EV has successfully raised $8 million in its latest funding round to support the expansion of its sales network in India, aiming to increase the number of dealers from 140 to 300 within the next six months.
The funding round was spearheaded by Benett Coleman and Company, Hindustan Times...
Su-Kam Power Systems Limited (Su-Kam) organised a dynamic Business Dealers Meet in association with their partner firm Sims Nigeria Ltd in Abuja, the capital of Nigeria. The event brought together successful dealers and distributors of Su-Kam who had met the monthly and quarterly targets of the Dealer Scheme launched...
Greek Independent Power Transmission Operator (IPTO), Anexartitos Diacheiristis Metaforas Ilektrikis Energeias, and its Saudi counterpart, National Grid SA, have established a joint venture (JV) named Saudi Greek Interconnection, to conduct a feasibility study for the proposed electricity interconnection between the two nations.
The joint venture, equally owned by IPTO and...
Vietnam’s Ministry of Industry and Trade (MoIT), in its recent submission to the prime minister on the national Power Development Plan (PDP) VIII, has estimated that Vietnam needs an additional 19,000 MW of electricity during the 2023-25 period to ensure supply.
The predicted power capacity includes 6.1 GW of thermal...
Sterlite Power has successfully refinanced the loan for its Lakadia-Vadodara Transmission project within just 12 months of its full operationalization in January 2023.
The new financing, provided by HDFC Bank Limited, India Infrastructure Finance Company Limited, and Bank of Baroda, facilitates the prepayment of the existing project loan totaling...
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has forged a power delivery agreement with Tata Communications Limited to establish an 18.75 MW AC group captive solar power plant in Aachegaon, Maharashtra.
This collaboration involves an investment of approximately Rs 1.05 billion. Operated under the...
The Competition Commission of India (CCI) has approved the proposed acquisition of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust (DAIT) and Adani Power Limited. CEPL specializes in power generation and sales using coal, operating an imported coal-based thermal power plant in Tuticorin, Tamil Nadu. The company...
PFC Limited and the Council on Energy, Environment, and Water (CEEW) have declared a strategic partnership to propel PFC’s dedication to emerging as a premier net-zero financier, in accordance with India’s 2070 net zero goal. The collaboration seeks to broaden PFC’s green portfolio and enhance its position as a...
Noida - Best Power Equipments (BPE) successfully launched its innovative power solutions at a grand event held on Thursday, February 8, 2024, at JY Campos Hall A, Bayanihan Center, Pioneer Cor United St. Mandaluyong City. The event, attended by approximately 150 distinguished guests, showcased BPE's commitment to advancing energy...
Apraava Energy announced today that it has secured a new greenfield interstate transmission project in Madhya Pradesh through the Government of India’s tariff-based competitive bidding (TBCB) process. The project involves setting up of 40 km of 765 kV double-circuit transmission lines and a 3,000 MVA substation. This is Apraava’s...