TAG: "Special Purpose Vehicle "

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Kundan Green Energy and Havells India Launch 21.43 MW Solar Captive Project

Havells’ partnership with Kundan Green Energy marks a significant step in its efforts to secure clean and cost-efficient power for its manufacturing operations. The companies will jointly invest INR 72.5 crore in phases to develop the 21.43 MW DC/15 MW AC captive solar project in Rajasthan, which is expected to be completed by May 31, 2026.

Special Purpose Vehicle | December 05, 2025 | By News Bureau |  632

Torrent Pharma to Acquire 26 Percent Stake in Captive Hybrid Power Project in Gujarat

Torrent Pharmaceuticals will invest INR 7.92 crore for a 26 percent stake in Torrent Urja 27 Pvt. Ltd., developing a captive solar-wind hybrid project in Gujarat to enhance renewable energy usage.

Special Purpose Vehicle | September 11, 2025 | By EI News Network |  1036

H.G. Infra Enters Battery Storage Sector with New Subsidiary

H.G. Infra Engineering Ltd. has incorporated H.G. Gujarat Bess Pvt. Ltd., a wholly owned subsidiary and Special Purpose Vehicle (SPV) to enter the battery energy storage sector, aligning with India's renewable energy goals and grid stability initiatives.

Special Purpose Vehicle | February 06, 2025 | By EI News Network |  3215

Indus Towers to Acquire 26 Percent Stake in Amplus Tungabhadra for Captive Solar Power

Indus Towers acquired a 26 percent stake in Amplus Tungabhadra for a 50 MW captive solar power, ensuring regulatory compliance under the Electricity Act, 2003. The INR 27 crore investment supports Net Zero goals, reducing reliance on conventional energy and enhancing sustainability.

Special Purpose Vehicle | February 04, 2025 | By EI News Network |  1304

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 |  7752

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 |  1463

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 |  2729

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 |  1882

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 |  2252

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 |  2920

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