India auctioned Rs.200 billion worth sovereign green bonds in FY24

NTPC Renewable Energy Wins Solar Power Project from UPPCL

NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy (NGEL), has emerged victorious in securing a 1,000 MW solar power project from Uttar Pradesh Power Corporation (UPPCL) through a competitive bidding process. The project was awarded at a tariff of Rs 2.56/kWh, with the letter of award from UPPCL expected to be issued shortly.This win was part of UPPCL’s e-reverse auction conducted on January 3, 2025, aimed at selecting developers for 2,000 MW of ISTS-connected solar photovoltaic (PV) power projects across India. NTPC REL’s success in this bidding round reinforces its posit..

Husk Expands Solar Capacity to 20 MW

Husk Power Systems has successfully doubled the size of its community solar minigrid portfolio, now operating across more than 400 rural communities in Sub-Saharan Africa and South Asia. The company’s solar-powered initiatives currently deliver energy to over 1.5 million individuals and 30,000 small businesses. Husk has added 20 MW of solar generation capacity and a 2,500-km transmission and distribution network, while displacing approximately 3,000 diesel generators and reducing 15,000 tonnes of CO2 emissions annually.Manoj Sinha, CEO and Co-Founder of Husk Power Systems, highlighted, “We..

Arkade Developers Targets Rs 21 Bn Revenue from 3 New Projects

Arkade Developers has announced the redevelopment of three residential projects in Mumbai, aiming to generate revenue of Rs 21.50 billion. The company revealed its plans for these projects, detailing the development of 20,232 sq m (about 5 acres) across key micro-markets in the western suburbs of Mumbai, specifically in Andheri East, Malad West, and Borivali West.The projected saleable area for these redevelopment projects is approximately 5.85 lakh sq ft, with an expected turnover of Rs 21.50 billion. Arkade Developers, which was recently listed on the stock exchanges, plans to make a signifi..