Tata Power, ADB Ink $4.25B Deal

25 Nov 2024 CW Team

Tata Power and the Asian Development Bank (ADB) have committed to exploring financing for projects worth $4.25 billion, aimed at boosting renewable energy infrastructure, modernizing power distribution networks, and enhancing clean energy capacity in India. Key projects include:

966 MW Solar-Wind Hybrid Project Pumped Hydro Storage Solutions Battery Energy Storage Systems Distribution network upgrades These projects align with India's 500 GW renewable energy target by 2030, reinforcing the nation’s transition to clean energy.

Leaders Speak Dr. Praveer Sinha, CEO and MD of Tata Power, remarked on the transformative potential of the partnership, stating, “This collaboration is pivotal in driving India’s energy security and environmental sustainability.” ADB’s Suzanne Gaboury emphasized the shared vision for a low-carbon, climate-resilient future.

Inclusivity and Climate Resilience The MoU incorporates a focus on:

Gender Equality: Empowering women through access to green technologies and green jobs. Climate Resilience: Enhancing sustainable energy solutions that reduce reliance on fossil fuels. Supporting India’s Decarbonization The projects underscore Tata Power's commitment to reducing carbon dependency while strengthening India’s energy infrastructure and driving its decarbonization efforts.

This partnership marks a significant stride in achieving India’s climate goals and fostering sustainable development.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..