, a subsidiary of , has signed a Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) in Tuticorin, Tamil Nadu, to further green energy technologies in VOC Port, especially, the green hydrogen mobility scheme. NGEL will set up a green hydrogen fuelling station in VOC Port, along with hydrogen-based Internal Combustion Engine trucks for port operation. This will open an option of phasing out fossil fuel trucks in favour of clean and green fuels bringing decarbonisation and energy security.
The board of has considered and approved the company’s share purchase agreement for the acquisition of 100 per cent equity shares of AK Renewable Infra Private Ltd for an enterprise value of ₹79.25 crore subject to closing conditions and adjustments as per the SPA.
, India’s largest private power producer, and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned generation utility, today signed a shareholders agreement (SHA) for the 570 MW Wangchhu hydroelectric project in Bhutan. An in-principle understanding on the Power Purchase Agreement (PPA) was also initialled. Importantly, the developers also signed the Concession Agreement (CA) for the project with the Bhutan Government.