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DVC Seeks Bids for Jharkhand Project
Damodar Valley Corporation (DVC), a leading power utility in India, has initiated the bidding process for a significant project in Jharkhand. This development marks a crucial step towards enhancing power infrastructure in the region, aimed at meeting the increasing energy demands and fostering socio-economic growth.
The project, situated in Jharkhand, a state rich in mineral resources and industrial potential, holds immense promise for bolstering the power sector. With its strategic location and abundant resources, Jharkhand emerges as a focal point for energy-related investments, driv..
NHPC inks JV deal, sells stake in NHPTL to Power Grid Corp
NHPC announced that it would be divesting its stake in National High Power Test Laboratory (NHPTL) through the signing of a supplementary joint venture agreement (SJVA) with its JV partners. The partners include NTPC, PowerGrid, Damodar Valley Corporation, Central Power Research Institute, and NHPTL itself.
According to a stock exchange filing, NHPC informed that it had signed a Supplementary JV Agreement with JV Partners of National High Power Test Laboratory (NHPTL), namely NTPC, POWERGRID, DVC, CPRI, and NHPTL, for the sale of a partial stake in NHPTL (an unlisted company) on 23.04...
Power Grid to invest in national high power testing lab
The State-owned Power Grid Corporation announced that it had signed an agreement to inject funds and acquire a 50 percent stake in the troubled National High Power Test Laboratory (NHPTL). It was disclosed in a regulatory filing that a supplementary joint venture agreement regarding this matter had been signed on April 23, 2024, by NHPTL's shareholders.
NHPTL, collaboration among NTPC, NHPC, POWERGRID, DVC (Damodar Valley Corporation), and CPRI (Central Power Research Institute), has been grappling with financial difficulties.
The injection of funds is contingent upon the appro..
Repsol Eyes Stake Sale for Strategic Plan
Spanish oil major Repsol is reportedly engaged in negotiations to offload a portion of its renewable energy subsidiary as part of a strategic maneuver to propel its ambitious agenda through 2027.
Santander has purportedly been enlisted to facilitate the sale, indicating a significant step in Repsol's financial strategy. While Repsol intends to retain a majority stake in its renewables arm, the prospective deal may involve the infusion of fresh capital by the investor. However, the identity of the investor remains undisclosed at present.
Repsol Renewables, valued at 5.9 billio..
Bhilai Steel Plant Embraces Solar Power for Green Future
Bhilai Steel Plant (BSP), the leading unit of India's steel giant Steel Authority of India Limited (SAIL), is embarking on a green journey by embracing solar power initiatives. In a recent development, BSP has inked a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) to install solar power generation systems across its plant premises and township in Bhilai.
According to a statement released by BSP management on Wednesday, the proposed plan aims to generate approximately 2 MW of electricity within the plant premises. Additionally, a proj..
