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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 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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Adani in talks to buy Reliance Power's 600 MW thermal plant
Livemint
·
1y ago
Medial
Adani Power is reportedly in talks to acquire the 600 MW Butibori thermal power project in Nagpur, previously owned by Reliance Power. The deal is expected to be in the range of ₹2,400-3,000 crore. The acquisition would help Adani Power benefit from the growing electricity demand in India. The Butibori project is currently owned by Vidarbha Industries Power, a subsidiary of Reliance Power, and negotiations are being held with CFM Asset Reconstruction Co. for the acquisition. Adani Power aims to integrate the Butibori project with its existing coal-based power plant in Tiroda to boost power generation and supply in Maharashtra.
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BluPine Energy Secures Rs 2,416 Crore Debt for Its FDRE Project
OutlookIndia
·
2m ago
Medial
BluPine Energy, an Actis-backed renewable energy platform, secured Rs 2,416 crore in debt financing for a 150 MW Firm and Dispatchable Renewable Energy (FDRE) project in Aland, Karnataka. This project, run by Solarcraft Power India 16 Pvt Ltd, is under the SJVN 1,500 MW FDRE tender. Standard Chartered facilitated the transaction as the Mandated Lead Arranger. Scheduled for 2026, it aims to enhance renewable energy availability and reduce CO₂ emissions by 687,043 tonnes.
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NTPC Group installed capacity reaches 81,368 MW; completes trial of Unit 3 at Karanpura STPP
Economic Times
·
2m ago
Medial
NTPC has completed trial operations of a third unit (660 MW) at its North Karanpura Super Thermal Power Project in Jharkhand, increasing the company's total installed capacity to 81,368 MW. The coal-based power plant is located in Chatra district, and its inclusion boosts NTPC's standalone capacity to 60,266 MW. NTPC, under the Ministry of Power, is India's largest power generator.
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SECI Invites Bid for 2,000 MW Solar Project
OutlookIndia
·
2m ago
Medial
Solar Energy Corporation of India Limited (SECI), under the Ministry of New and Renewable Energy, has invited bids for a 2,000 MW solar project with energy storage systems. This initiative is aimed at enhancing cost efficiency and grid stability. The selection of a solar power developer will be through tariff-based competitive bidding. The bid submission deadlines are July 22 for online and July 24, 2025, for offline submissions, with bid openings scheduled for July 25.
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Suzlon bags 381 MW wind energy project from Zelestra India, its affiliates
Economic Times
·
22d ago
Medial
Suzlon Energy has secured a 381 MW wind energy order from Zelestra India and its affiliates. The project involves 127 of Suzlon’s S144 turbines across Maharashtra (180 MW), Madhya Pradesh (180 MW), and Tamil Nadu (21 MW). It marks Suzlon’s first Firm and Dispatchable Renewable Energy (FDRE) project, highlighting India’s renewable power transition. Zelestra aims for ambitious renewable solutions and has a notable portfolio, while Suzlon is a leading global renewable energy provider.
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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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ACME Sikar Solar inks pact to supply electricity from 300MW project in Rajasthan
Economic Times
·
1m ago
Medial
ACME Sikar Solar, a subsidiary of ACME Solar Holdings, has signed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India for a 300MW solar project in Rajasthan at Rs 3.05 per kWh. Commissioned on June 23, the project will supply power by June 30, 2025, and qualifies for ISTS charge waivers. ACME Solar's PPA-signed portfolio is 5,130 MW, with 2,890 MW operational and 4,080 MW in various implementation stages.
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First Ambani-Adani pact: RIL picks 26% stake in Adani Power's MP project
Livemint
·
1y ago
Medial
Mukesh Ambani's Reliance Industries has acquired a 26% stake in a power project of Gautam Adani in Madhya Pradesh. The deal includes the usage of the plant's 500 MW electricity for Reliance's own needs. Reliance will purchase five crore equity shares of Mahan Energen Ltd, a subsidiary of Adani Power Ltd. Livemint has been recognized as the fastest-growing news website worldwide. Readers can access various benefits such as newsletters, stock tracking, breaking news, and personalized newsfeed by logging in.
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RPower Signs Power Purchase Pact in Bhutan With Green Digital
OutlookIndia
·
3m ago
Medial
Reliance Power has signed a power purchase agreement with Green Digital Pvt Ltd, owned by Bhutan’s Druk Holding and Investments, to jointly develop Bhutan's largest solar power project with a capacity of 500 MW. This venture, with an estimated investment of 2,000 crore rupees, marks the biggest private foreign direct investment in Bhutan’s solar sector. The initiative aims to diversify Bhutan's energy portfolio, enhance grid stability, and boost regional clean energy integration across South Asia.
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