Author: PPD Team Date: 24/10/2024
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: PPD Team Date: 12/02/2025 Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: 16/01/2025 NHPC Limited has secured approval from the Ministry of Corporate Affairs (MCA) for the merger of Lanco Teesta Hydro Power with NHPC. The company also received a second insurance payment of Rs 2.50 billion related to business interruption losses from the October 2023 flash flood at the 510 MW Teesta-V Power Station. NHPC, India’s largest hydropower developer, continues to expand into solar and wind energy.
Author: PPD Team Date: 12/12/2024 Albania has adopted a new law permitting the construction of solar and wind power plants on pastureland, a move driven by growing demand for renewable energy. The law allows photovoltaic (PV) panels to be mounted at least five meters above the ground, enabling simultaneous use of land for grazing livestock. Around a tenth of Albania’s surface is pastureland, with approximately 340,000 hectares under state ownership. The new regulation aims to…
Author: PPD Team Date: 30/01/2025 JUWI Renewable Energies will commence construction on three major private solar projects in South Africa, with a combined capacity of 340 MW and investments exceeding $320 million. The projects will serve key players in the mining, data centre, and energy sectors, including Glencore, Teraco, Sasol, and Air Liquide. Together, the projects will generate over 1 million MWh of clean energy annually. The facilities include a 120 MW solar PV plant…
Author: PPD Team Date: 03/12/2024 Bharat Petroleum Corporation Limited (BPCL) and Coal India Limited (CIL) signed a non-binding memorandum of understanding (MoU) on December 2, 2024, in Mumbai. The collaboration aims to explore the development of a coal-to-synthetic natural gas (SNG) project using surface coal gasification at Western Coalfields (WCL). Surface coal gasification transforms coal into synthetic natural gas, providing a cleaner alternative to traditional coal-based energy.
Author: PPD Team Date: 17/02/2025 Iberdrola announced that construction of the Eastern Green Link 1, a subsea electricity superhighway, has officially started. The £2.5 billion project is a joint venture between SP Energy Networks and National Grid Electricity Transmission. It will transport renewable energy to power two million homes through over 190 km of undersea cables connecting Scotland and England. The project, approved by Ofgem last year, has now begun onshore construction, with offshore works…