Indian state-run power companies close to buying Lanco asset
POWER & RENEWABLE ENERGY

Indian state-run power companies close to buying Lanco asset

According to three government sources, four Indian state-run power companies are close to purchasing a 1,980-megawatt stranded power plant from the bankrupt conglomerate Lanco Infratech for 30.2 billion Indian rupees ($364.84 million), outbidding Adani Group and Reliance Industries.

According to the sources, the state companies - Power Finance Corp (PFC), REC, SJVN, and Damodar Valley Corp (DVC) - intend to acquire Lanco Amarkantak's coal-fired power plant in Chhattisgarh, central India. In response to Reuters' requests, none of the companies responded.

Also read:
Railway ministry drops proposal to monetise stations on PPP mode
Length of India’s operational metros now 824 km: Puri

According to three government sources, four Indian state-run power companies are close to purchasing a 1,980-megawatt stranded power plant from the bankrupt conglomerate Lanco Infratech for 30.2 billion Indian rupees ($364.84 million), outbidding Adani Group and Reliance Industries. According to the sources, the state companies - Power Finance Corp (PFC), REC, SJVN, and Damodar Valley Corp (DVC) - intend to acquire Lanco Amarkantak's coal-fired power plant in Chhattisgarh, central India. In response to Reuters' requests, none of the companies responded. Also read: Railway ministry drops proposal to monetise stations on PPP mode Length of India’s operational metros now 824 km: Puri

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?