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Reliance Group to build solar and hydro-power projects in Bhutan | Mint
Livemint
·
10m ago
Medial
- Reliance Group, led by Anil Ambani, will partner with the government's investment arm to develop solar and hydro power projects in Bhutan. - A new subsidiary, equally owned by Reliance Power and Reliance Infrastructure, will be formed for the project. - The subsidiary will focus on developing 500 MW of solar power projects and 770 MW of hydro power projects. - The investment amount for these projects has not been disclosed. - Reliance Power aims to expand its presence in the renewable energy sector and has recently raised $183 million for funding. - In June, another Indian conglomerate, Adani Group, signed an agreement for a 570 MW hydro project in Bhutan.
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Related News
MC Interview | Tata Power targeting 50% of revenues from consumer-focussed businesses by 2030: MD
Money Control
·
1y ago
Medial
Tata Power Company is shifting its focus from being a utility to a consumer-oriented business with a keen expansion into rooftop solar, electric vehicle charging, and energy management. The company is aiming for a revenue mix of 60:40 (B2B to B2C) and potentially a 50:50 split by 2030. Tata Power is also investing in hydropower projects in Bhutan and pumped storage hydro projects in India. Additionally, the company has manufacturing capabilities for solar cells and modules, and it is considering an eventual IPO for its renewable energy subsidiary.
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Reliance Power participates in global bids for 1,500-MW gas-based power project
Economic Times
·
1m ago
Medial
Reliance Power Ltd is pursuing a 1,500-MW gas-based power project overseas, submitting bids in Kuwait, UAE, and Malaysia. The company plans to relocate two 750 MW modules it possesses in India for these projects, aiming to monetize assets up to Rs 2,000 crore. Reliance Power is strengthening its renewable energy portfolio, engaging in solar, hydropower projects, and a joint venture in Bhutan. It has 1,500 MW equipment ready for quick project execution.
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Reliance Power becomes debt free on standalone basis
YourStory
·
1y ago
Medial
Reliance Power has become a debt-free company, clearing all outstanding dues to lenders. The company had a debt of about Rs 800 crore, which has now been repaid to banks. Multiple debt settlement agreements were signed with various banks, including IDBI Bank, ICICI Bank, Axis Bank, and DBS between December 2023 and March 2024. Proceeds from the sale of projects, such as a hydro-electric project in Arunachal Pradesh and a wind energy project in Maharashtra, were used to retire the debt. Reliance Power has an operating capacity of 5,900 MW, including the Sasan Ultra Mega Power Project and the Rosa Thermal power plant.
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US solar keeps surging, generating more power than hydro in 2025
Arstechnica
·
2m ago
Medial
In early 2025, the U.S. saw a significant 44% increase in solar power production compared to the previous year, outpacing hydropower. Despite this growth, rising demand has led to increased coal use by 23%, as renewable sources like wind and solar couldn't fully offset it. A noticeable uptick in electricity demand highlighted the continuing gap, with solar outproducing hydro when small-scale contributions were included, signaling a persistent upward trajectory in solar energy's role in U.S. power generation.
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REC signs ₹1.12 trillion worth MoUs to finance green energy projects | Mint
Livemint
·
11m ago
Medial
State-owned REC Ltd has signed agreements worth INR 1.12 trillion with renewable energy companies to fund various green energy projects over the next five years. These projects include solar and wind hybrid projects, round-the-clock solar and wind power, firm and dispatchable renewable energy systems, floating solar plants, hydroelectric projects, battery energy storage systems, and more. REC intends to play a significant role in India's energy transition, aiming to increase the share of renewables in its loan portfolio to 30% by 2030.
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Greenko acquires GI Hydro's Sikkim project for enterprise value of ₹1,000 cr
Livemint
·
1y ago
Medial
Greenko, a renewable energy company backed by GIC Holdings, Abu Dhabi Investment Authority, and ORIX Corp, has completed the acquisition of the 110 MW Chuzachen hydro-electric project in Sikkim. The deal, valued at ₹1,000 crore, adds to Greenko's existing hydro projects in Himachal Pradesh, Uttarakhand, Karnataka, and Sikkim. Sikkim offers significant potential for hydroelectric projects due to its long rainy season, although severe winter conditions can impact power generation. The acquired project was previously owned by GI Hydro, which has faced financial difficulties and defaulted on loan repayments in 2016.
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RIL’s stake in Adani Power arm dictated by commercial compulsions
Thehindubusinessline
·
1y ago
Medial
Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Adani Power's thermal power arm, Mahan Energen. The move comes as a result of a power purchase agreement between the two conglomerates, with Reliance requiring a power supply of 500 MW, which Adani is able to provide. Both companies are heavily investing in renewable energy, with projects in Gujarat including wind, solar, and green hydrogen. As part of the agreement, Reliance will subscribe to five crore equity shares of Mahan Energen for ₹50 crore, and will own a 26% stake in the company.
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JSW Neo Energy, Blackstone, other cos line up for Statkraft wind-down
Economic Times
·
16d ago
Medial
JSW Neo Energy, Blackstone, and Serentica Renewables have placed financial bids to acquire Statkraft's wind and solar energy assets in India, following a three-month due diligence period. Statkraft, a Norwegian government-owned renewable power firm, plans to exit India, selling its assets in two segments. While bids for wind and solar are now submitted, hydro power assets will follow. Statkraft aims for a $1.5 billion value for its Indian portfolio, which includes significant renewable energy infrastructure.
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Tata Power to invest Rs 13,000 crore in Maharashtra to set up two hydro projects
IndianStartupNews
·
2y ago
Medial
Tata Power has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop two large Pumped Hydro Storage projects (PSP) with a combined capacity of 2800 Megawatts (MW) in the state.
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Ambuja Cements to invest ₹6,000 crore in Green Power
Livemint
·
1y ago
Medial
Ambuja Cements, a subsidiary of the Adani Group, plans to invest ₹6,000 crore in renewable power projects, with a target capacity of 1,000 MW. The projects include solar and wind power installations in Gujarat and Rajasthan, aiming to decrease the power cost from ₹6.46 per kWh to ₹5.16 per kWh. The company also intends to increase its Waste Heat Recovery Systems capacity and achieve a 60% share of green power for its planned capacity of 140 MTPA.
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