Author: PPD Team Date: 21/02/2025 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of environmental clearance (EC) for the Uri-I Stage II Hydro Electric Project. The recommendation was made during its meetings on January 29, 2025. NHPC Limited will implement the 240 MW project in Uri, Boniyar, Kreeri, Baramulla, and Rafiabad sub-districts of Baramulla district, Jammu & Kashmir. The project, estimated to cost Rs...

Author: PPD Team Date: 21/02/2025 China’s clean energy investments in 2024 totalled 6.8 trillion yuan ($940 billion), approaching the $1.12 trillion global investment in fossil fuels, according to a new analysis by UK-based Carbon Brief. Despite a slowdown in growth from 40% in 2023 to 7% in 2024, Reuters reports that China’s clean energy sector remains a key economic driver. More than half of China’s clean energy investments came from its electric vehicle, battery, and...

Author: PPD Team Date: 21/02/2025 Advait Energy Transitions Limited, formerly Advait Infratech Limited, has incorporated a wholly owned subsidiary, Advait Transmission Tools Private Limited, for power transmission lines (TLs) work.  The subsidiary, established on February 18, 2025, will focus on assembling, manufacturing, and trading stringing tools used in the construction, operation, and maintenance of power TLs. Since its inception in 2009, Advait Energy Transitions has provided solutions for power transmission, substation, and telecommunication infrastructure. It...

Author: PPD Team Date: 21/02/2025 The Government of West Bengal has allocated Rs 41,410 million for the Department of Power in the State Budget 2025-2026. A sum of Rs 816 million has been proposed for the Non-Conventional & Renewable Energy Sources department. Plans include the installation of static meters for 726,000 consumers, expansion of e-vehicle charging infrastructure at 187 locations, and a 125 MW ground-mounted solar power project in Goaltore, Paschim Medinipur. The government is...

Author: PPD Team Date: 20/02/2025 ACWA Power has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt, with an estimated investment of USD 2.3 billion. The project is expected to reach financial close in 2026. The wind project will contribute to Egypt’s goal of increasing renewable energy’s share in its electricity generation mix to 42% by 2030. It is also projected to...

Author: PPD Team Date: 20/02/2025 BYD Energy Storage and Saudi Electricity Company have signed contracts for 12.5 GWh of grid-scale energy storage projects. Combined with a previously delivered 2.6 GWh project, the total collaboration between the two companies now stands at 15.1 GWh. The battery energy storage system (BESS) equipment will be deployed across five sites in Saudi Arabia. BYD Energy Storage will supply its MC Cube-T ESS, which utilizes cell-to-system (CTS) super-integrated technology. These...

Author: PPD Team Date: 20/02/2025 The Government of Laos has signed an agreement with Chitchareune Construction to develop the 1,200 MW Nong wind power project in Savannakhet province, Vietnam, with an investment of USD 1.9 billion. The project’s feasibility study is underway and is expected to be approved by the second quarter of 2026. The first phase, with a capacity of 702 MW and an investment of USD 1.12 billion, is set for completion by...

Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary.  With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan...

Author: PPD Team Date: 20/02/2025 Transformers and Rectifiers India Limited (TARIL) secured a Rs 1,664.5 million contract from Hyosung T&D India Private Limited for the supply of single-phase coupling transformers.  The contract was awarded on February 18, 2025, with completion expected by FY 2027. The projects will be executed through the tariff-based competitive bidding (TBCB) process. On February 17, 2025, TARIL’s subsidiary, TARIL Switchgear Private Limited, launched 245 kV high-voltage bushings, furthering the group’s commitment...

Author: PPD Team Date: 20/02/2025 The Ministry of Power (MoP) has issued an advisory to all state governments, central generating stations, and renewable energy implementing agencies (REIAs) on integrating energy storage systems (ESS) with solar power projects.  The initiative aims to improve grid stability, reliability, and cost efficiency as India targets 500 GW of non-fossil fuel capacity by 2030. ESS will play a crucial role in improving grid reliability and optimising energy utilisation by storing...

Author: PPD Team Date: 20/02/2025 The National Company Law Tribunal (NCLT) has approved JSW Energy Limited’s acquisition of KSK Mahanadi for the 3,600 MW Akaltara (Nariyara) Thermal Power Project. The approval was granted on February 13, 2025. The thermal power project, located in Nariyara, Akaltara, Janjgir-Champa district of Chhattisgarh, is partly operational with 1,800 MW in service. It was developed by KSK Mahanadi Power Company Limited (KMPCL), a special purpose vehicle (SPV). The project’s power...

Author: PPD Team Date: 20/02/2025 NTPC Limited aims to establish 30,000 MW of nuclear power capacity by 2032 and is seeking land in eight states. The company is also working on partnerships with foreign firms such as Électricité de France (EDF) (France), General Electric (GE) (US), and Holtec International (US) for small modular reactor (SMR) development. The nuclear projects are expected to require an investment of Rs 5,383.59 billion (USD 62 billion).  Currently, state-run Nuclear...

Author: PPD Team Date: 20/02/2025 Four companies have qualified as bidders after the opening of technical bids for the intra-state transmission system to evacuate 1,230 MW power from Mahan Energen Ltd.’s (MEL) 2×800 MW thermal power project. The qualified firms are Power Grid Corporation of India Ltd (PGCIL), Adani Energy Solutions Ltd (AESL), Megha Engineering & Infrastructures Ltd (MEIL), and KCC Buildcon Pvt Ltd. REC Power Distribution Company Limited (REC PDCL), which is serving as...

Author: PPD Team Date: 20/02/2025 GAIL (India) and Accelera by Cummins, the zero-emissions division of Cummins, have signed a memorandum of understanding (MoU) to collaborate on clean energy and energy transition technologies in India. The partnership was formalized during India Energy Week 2025 in New Delhi. The collaboration aims to integrate Accelera’s expertise in new energy solutions with GAIL’s natural gas infrastructure to explore green energy opportunities, including hydrogen production, blending, transportation, and storage. This...

Author: PPD Team Date: 20/02/2025 The Government of Kerala (GoK) has allocated Rs 11,567.6 million for energy development in the 2025-26 state budget. The funds will support solar, hydro, and green hydrogen projects, along with energy storage and conservation initiatives. For the non-conventional and renewable energy sector, Rs 679.6 million has been allocated, including Rs 511 million for the Agency for New & Renewable Energy Research and Technology (ANERT).  Additionally, Rs 315 million has been...

Author: PPD Team Date: 20/02/2025 The Government of West Bengal (GoWB) has commissioned a total of 117.5 MW solar power projects in the state. This includes a 112.5 MW solar power project under Phase-I at Goaltore in Garbeta-II Block, West Medinipur district. The project is part of the 200 MW Ramnagar II Solar PV Project, being developed by West Bengal State Electricity Distribution Company Limited (WBSEDCL), with 125 MW in Phase I and 75 MW...

Author: PPD Team Date: 19/02/2025 The governments of South Sudan and Uganda, in collaboration with the Nile Basin Initiative, have secured major funding from the African Development Fund (AfDB) and the European Union (EU) for the South Sudan-Uganda Power Interconnection Project. AfDB has committed USD 155 million in loans and grants, while the EU will provide an additional USD 27.1 million grant. The project, which faced delays due to financial and logistical issues, is now...

Author: PPD Team Date: 19/02/2025 GreenGo Energy has signed an agreement to develop the Megaton Moon Green Hydrogen Project in Mauritania. The agreement grants GreenGo Energy access to over 100,000 hectares of land near Nouakchott for the project’s development. With this, the company has entered the development phase, which includes detailed site and geotechnical surveys, meteorological data collection, and feasibility studies. The full project capacity will feature 6 GW of electrolysis, 6.8 GW of onshore...

Author: PPD Team Date: 19/02/2025 Alpex Solar has won a Rs 450 million order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 2,000 solar-powered water pumps under the Magel Tyala Saur Krushi Pump scheme.  The pumps will be manufactured at Alpex Solar’s facility in Greater Noida, which has recently expanded to a 1,200 MW capacity. Founded in 1993, Alpex initially specialized in the international trade of synthetic yarns and knitting machinery components before...

Author: PPD Team Date: 19/02/2025 Dynolt Technologies has raised $1.7 million in a seed funding round led by Transition VC, with additional investment from angel investor Yashowardhan Shah.  The funding will be used to expand its high-power charger product line using wide bandgap semiconductors for fast charging stations. Additionally, the company plans to enter the solar and hydrogen sectors with high-frequency inverters and DC-DC converters.  Dynolt, founded in 2022 and headquartered in Bengaluru, develops power...