Agro-chemical firm, UPL, has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh.

IT major Infosys has completed the acquisition of Europe-based life sciences consulting and technology firm BASE life science, which will further expands Infosys' footprint in the Nordics region.

Sharma proposed that SJVN will develop the 5000 MW renewable energy projects through solar projects, canal top solar projects and floating solar projects across the state by way of Joint Ventures formation and MoUs, among others. The chief minister assured extending all possible support in the development of solar projects.

The agreement envisages an expenditure of Rs 71.18 crore and it includes end-to-end delivery of commissioned transmission line by August 2024.

The agreement envisages an expenditure of Rs 71.18 crore and it includes end-to-end delivery of commissioned transmission line by August 2024.

The two projects will be at Hatikhuli (Golaghat district) and Kellyden (Nagaon district).

Earlier this year, SJVN had exchanged Letter of Intention for development of renewable energy in the state in next five years. Recently, Rajasthan became the first state in India to reach 10 GW cumulative large-scale solar installations.

In a major development, the Sher Bahadur Deuba government has allowed India's NHPC to study and develop two hydroelectric projects that will have the combined potential of generating 1,200 megawatts of energy.

SJVN Chairman and Managing Director Nand Lal Sharma said in a statement that the company has secured a 200 MW solar power project through the e-reverse auction by MSEDCL. SJVN has bagged the full quoted capacity of the 200 MW solar project at the rate of Rs 2.90 per unit on a build-own - and operate basis in the tariff-based competitive bidding process of the MSEDCL.

SAPDC is setting up two hydroelectric projects -- 900 MW Arun-3 and 669 MW Lower Arun -- in Sankhuwasabha, Nepal. Commercial operation of 900 MW Arun-3 is scheduled to commence in year 2023-24, and that of 669 MW Lower Arun hydroelectric project is scheduled to commence in year 2027-28.

Nand Lal Sharma, chairman & managing director, SJVN, said in the statement that these Rs 690.75 crore EPC contracts includes end-to-end delivery of the commissioned solar plant to SJVN, including comprehensive operation and maintenance of these solar PV plants for two years.

The state government is focusing on replacing traditional energy sources like hydrocarbon-based energy with green energy like solar, wind, and green hydrogen. It is also setting up an infrastructure to transmit electricity from renewable energy projects as it seeks to boost the output from green sources and meet the state's energy requirement from them.

The third one of 50 MW solar power project will be set up at village Gujarai in Kanpur Dehat. With these three solar power projects, SJVN is investing around Rs 1,057 crore in Uttar Pradesh, he added. Shimla-based SJVN is a joint venture of the Government of India and the Government of Himachal Pradesh.

According to the statement, the Power Purchase Agreement has been signed between SJVN & Bihar State Power Holding Company Ltd (BSPHCL) along with its two DISCOMs -- North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL).

The contract agreement was signed in the presence of Nand Lal Sharma, Chairman and Managing Director of SJVN by Chief General Manager (ECD), SJVN S K Sood, and Vepul Jain, Chief - Business Development, Tata Power Solar Systems Ltd.

The company had posted a consolidated net profit of Rs 619.92 crore in the quarter ended March 31, 2021.

India, which has an electricity trading deal with Nepal, is investing billions of dollars in infrastructure including hydropower plants, as New Delhi looks to grow its influence in its smaller neighbours, where China is also increasingly active.

SJVN Chairman and Managing Director Nand Lal Sharma said it will be the third mega project to be constructed by the company in Nepal. The construction of 900 MW Arun-3 project is in progress and the 669 MW Lower Arun project is at the survey and investigation stage.

Integrated solar company Tata Power on Monday informed the exchanges that it has bagged a project worth Rs 1,731 crore from NHPC. The wholly-owned arm of Tata Power bagged the solar project which will be developed in Rajasthan under the CPSU scheme of IREDA.

To ensure smooth electricity supply from the Naitwar-Mori project site, SJVN is constructing a transmission line from Bainol to Snail.

According to CMD Nand Lal Sharma, SJVN has surpassed its previous best output of 836 MU recorded in FY20 for Q4 and monthly generation of 310 MU in March 2015.

Vedanta's board has approved a proposal to source 580 MW of green energy for its operations across India.

SJVN has bagged the projects through tariff-based competitive bidding process conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), a company statement said. It has been issued Letter of Intent (LoI) by UPNEDA for developing a 75 MW grid connected solar power project at Gurhah, in Jalaun district, and 50 MW grid-connected solar power project at Gujrai, in Kanpur Dehat district.

SJVN's 1,320-MW Buxar Thermal Power Project in Bihar, 900-MW Arun-3 Hydro Power Project in Nepal, 210-MW Luhri Hydro Power Project and 66-MW Dhaulasidh Hydro Power Project in Himachal Pradesh, and 60-MW Naitwar Mori Hydro Power Project in Uttarakhand are under construction and utilising the capital expenditure in a big way.

Nand Lal Sharma, Chairman and Managing Director, said against total design energy of 8,700 million units for full financial year 2021-22 from its power stations, SJVN in just three quarters of this fiscal has generated 8,321 million units of energy.

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The detailed reports of some of these projects have already been prepared, while some projects are under the survey and investigation stage.

As per the Memorandum of Understanding, SJVN and Damodar Valley Corporation (DVC) will jointly identify suitable water bodies and available land under the SJVN and DVC command areas for setting up renewable power projects, a statement said.

The company's director (finance) met Chief Minister Yogi Adityanath on Wednesday

The central government is considering preparing a policy to facilitate CPSUs to take over such projects, most of which have not yet been referred to insolvency courts by lenders.

"The development of the project will involve an investment of around Rs 392 crore. The project is scheduled to be commissioned by July 2022. He also urged the CM to allocate more renewable power projects to the company," the statement said.

Sharma apprised that the EPC cost of the project is Rs 313.59 crore, and the project has been awarded to Solarworld Energy Solutions Pvt Ltd. The project is scheduled to be commissioned by August 2022.