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NKT to Invest EUR 100 Million in MV Power Cable Business Across Europe

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The investment will add 20-110 kV production capacity & capabilities to NKT’s medium-voltage factories in Denmark, Sweden & Czech Republic, and also strengthen its position as a key partner to its customers in the green transition of societies. Apr 10, 2024 To support growing demand from customers for medium-voltage power......
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Sterlite Power Joins Hands with GIC to Create Power Transmission Platform in India

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The joint venture will target new opportunities starting with a USD 13 billion bid pipeline. It will also look for proposals falling in line with India’s ambition to achieve 500 GW of renewable energy capacity by 2030. Mar 28, 2024 Sterlite Power, one of India’s leading private power transmission developers,......
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Adani Green to Develop 30 GW Solar Energy at Khavda RE Park by 2029

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Adani Green operationalizes 1000 MW solar energy out of the planned 30 GW at Khavda Renewable Energy Park which will generate 81 million units of power annually. AEGL’s operational capacity has now reached 9,478 MW and the company aims to take it to 45,000 MW by 2030  Apr 3, 2024......
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Supermac Industries on the Path of Moving in the Global HV Cable Markets Aggressively

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Supermac Industries (India) Limited has recently expanded their manufacturing capacity by setting up a new plant at Dharuhera. They are currently working on expanding their presence in the US market with strategic steps which they will be gradually unfolding. Soon, they will be launching the Cat 7 line and entering......
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India Needs INR 30 Lakh Crore Investment by 2030 to Meet COP Pledges

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Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA) Mr. Pradip Kumar Das addressed an international webinar organized by the World Bank underscoring the need for INR 30 lakh crore investment to meet India’s Nationally Determined Contributions (NDC) goals by 2030. Feb 15, 2024 On the......
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NKT Joins Hands with Hydro to Decarbonize Power Cable Supply Chain

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The collaboration will aid both companies’ journey towards net zero by aligning common decarbonization targets for both primary and recycled aluminum, along with increasing their role in reducing the carbon footprint of power cables. Mar 9, 2024 Leading cable and accessories supplier to the energy sector, NKT, has entered into......
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Nexans Awarded Major Contract by Leading Power Utility to Support Energy Transition in Italy

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Nexans will supply 6,000 km of low and medium voltage power distribution cables & services to support energy transition in Italy, beginning February 2024, for a duration of 16 months. Feb 18, 2024 While demand in electricity is booming, cables and accessories are key elements of the electricity value chain......
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Torrent Power Bags 1,500 MW Inter-State Transmission Scheme Project to Evacuate Renewables in Maharashtra

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Torrent Power received LoI from PFC Consulting to lay a transmission line of approximately 44 km in Solapur, Maharashtra, connecting the existing substation of Power Grid Corporation of India with a new substation to be established by Torrent Power. Mar 18, 2024 Gujarat-based power company Torrent Power has revealed that......
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Germany Proposes USD 17 Billion Subsidy for Hydrogen-Ready Gas Power Plants

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Germany expects hydrogen transition plans to get a green signal by 2032, allowing gas power plants to operate completely on hydrogen fuel between 2035 and 2040 Feb 22, 2024 In order to boost intermittent renewable energy and speed up the transition to low-carbon generation, the German government has come up......
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