ALTERRA Invests in India’s Green Energy Platform Evren

06 May 2025 CW Team

ALTERRA, a climate-focused investment fund backed by the United Arab Emirates, has invested Rs 8.3 Bn (approximately $100 Mn) into Mumbai-based renewable energy platform Evren. The investment will support the development and construction of up to 11 gigawatts (GW) of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh.

This marks the first direct investment into the Global South by ALTERRA, made through its ALTERRA Acceleration Fund. The fund was launched at the 28th Conference of the Parties (COP28) with a $30 Bn commitment from the United Arab Emirates, aiming to mobilise $250 Bn globally by 2030 for climate financing.

Evren is backed by Brookfield’s Global Transition Fund II. The platform recently signed a power purchase agreement with NTPC Limited to supply 300 megawatts of renewable power.

According to ALTERRA, the investment reflects its mission to catalyse capital into scalable, high-impact climate solutions while supporting India’s energy security and economic growth. Brookfield Asset Management, which manages over $ one trillion globally, is a key strategic partner in Evren’s expansion.

India is targeting 500 GW of non-fossil fuel capacity by 2030 and currently has 269.82 GW installed, as per Central Electricity Authority data.

Source:Press Trust of India (PTI)

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..