Investment and finance
Odisha has approved a record investment of ₹15,948.70 crore to expand and modernize its power transmission network. This initiative aims to meet rising industrial demand, integrate renewable energy, and enhance power reliability across the state. The project includes the introduction of a 765 kV transmission network, new grid substations, and the upgrade of existing infrastructure.
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India aims to expand its nuclear power capacity to 100 GW by 2047, requiring an estimated $210 billion investment. Officials and industry executives highlight the need to review green finance rules, which currently exclude nuclear investments, and to develop a stronger talent pipeline. Efforts are underway to address the shortage of specialized education and training, including certification programs to build a local nuclear supply chain.
Waaree Transpower, a subsidiary of Waaree Energies Ltd, announced an investment of ₹192 crore to establish a new transformer manufacturing facility. This expansion aims to enhance the company's capabilities in power transformer production and meet the increasing demand for high-voltage transmission infrastructure.
Saudi Power Procurement Company (SPPC) has finalized four storage service agreements for battery energy storage systems (BESS) projects, representing a total investment exceeding $1.16 billion. These projects will add 2,000 MW/8,000 MWh of storage capacity to the grid in Saudi Arabia.
India is preparing to introduce a new incentive program valued at up to Rs 13,000 crore ($1.37 billion) for advanced battery cell component manufacturers. This initiative aims to reduce the cost disparity with Chinese producers and enhance energy security by fostering a domestic battery supply chain.
Founder Energy Sdn Bhd has been awarded a subcontract for a 29.99MWac solar photovoltaic project in Kuala Muda, Kedah, under Malaysia’s Corporate Green Power Programme (CGPP). The subcontract, valued at RM6.05 million (approximately USD 1.5 million), involves procurement, electrical and mechanical installation, testing, and commissioning services.
A memorandum of cooperation between the United States Department of Transportation and Core Power establishes a framework to develop nuclear propulsion for commercial vessels, targeting first construction starts in 2028.
Mitsubishi is close to exiting the flue gas desulphurisation (FGD) work at NTPC’s Farakka Super Thermal Power Station after reaching an agreement with compensation terms.
BWX Technologies says it will sell its medical business for USD800 million, while keeping a minority interest and continuing to provide specialised isotope and radiochemical capabilities linked to nuclear work including irradiation at the Bruce nuclear power plant.
A new World Nuclear Association guide on mainstreaming nuclear finance links large-scale funding requirements to earlier, supplier-focused capital flows, while calling for standardised, investable frameworks for both project development and the nuclear fuel cycle.