TAG: "Special Purpose Vehicle "

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MNRE Blacklists Solar Firm Over Unfinished Solar Park and Misuse of Funds

MNRE has blacklisted a renewable energy firm for failing to develop a 500 MW solar park in Maharashtra, despite receiving INR 4.10 crore in CFA. The company refunded INR 2.17 crore but must repay the remaining amount with interest.

Special Purpose Vehicle | January 07, 2025 | By EI News Network | 6309

Bharti Airtel to Acquire 26 Percent Stake in AMP Energy Green Three

Bharti Airtel acquired a 26 percent stake in AMP Energy Green Three for INR 37.89 crore to secure renewable energy from a 50 MW hybrid plant in Rajasthan. The move aligns with captive power regulations and supports Airtel’s green energy goals.

Special Purpose Vehicle | January 03, 2025 | By EI News Network | 660

Varun Beverages to Acquire Stakes in Huoban Energy 11 and Aspirative Creative Ventures

The decision was formalized during a meeting of the Investment and Borrowing Committee of Varun Beverages' Board of Directors.

Special Purpose Vehicle | April 12, 2024 | By Abha Rustagi | 1793

RECPDCL Hands Over SPVs for Two Power Transmission Projects to Successful Bidders

RECPDCL played a crucial role as the bid process coordinator for both projects, which were executed through a tariff-based bidding process.

Special Purpose Vehicle | April 08, 2024 | By Abha Rustagi | 1281

RECPDCL Transfers Ownership of 5 Inter-State Transmission Project SPVs to Winning Bidders

RECPDCL has been providing consultancy and project implementation services to over 50 state power distribution companies and power departments.

Special Purpose Vehicle | February 12, 2024 | By Abha Rustagi | 1538

POWERGRID Expands Renewable Energy Footprint in Rajasthan

POWERGRID emerged as the successful bidder in a Tariff Based Competitive Bidding (TBCB) process, outpacing various private sector players.

Special Purpose Vehicle | December 27, 2023 | By Abha Rustagi | 2062

Tata Power Wins Bid for Bikaner-III Neemrana-II Transmission Project

The ambitious initiative involves establishing a ~340 km transmission corridor from the Bikaner-III pooling station to the Neemrana II substation.

Special Purpose Vehicle | December 04, 2023 | By Abha Rustagi | 1735

Sterlite Power Acquires Fatehgarh III Beawar Transmission Project from PFC in Rajasthan

Through the Fatehgarh III Beawar Transmission Limited SPV, the company will build, own, operate, and transfer, a critical transmission project in Rajasthan for a period of 35 years.

Special Purpose Vehicle | August 03, 2023 | By News Bureau | 1379

Westbridge Renewable Announces Definitive Agreements with MYTILINEOS for 1.4 GW Solar PV Portfolio

The transaction is to be made through a share purchase by Metka of all of the issued and outstanding shares of the following subsidiaries of Westbridge.

Special Purpose Vehicle | June 03, 2023 | By EI News Network | 1672