Author: PPD Team Date: October 28, 2024
Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year.
The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.
Author: PPD Team Date: May 21, 2025 A delegation from KfW Development Bank recently reviewed transmission projects executed by Madhya Pradesh Power Transmission Corporation Ltd (MPPTCL) under the Green Energy Corridor – Phase I (GEC-I). As per MPPTCL’s release, these projects were completed ahead of schedule and are now operational. The GEC-I scheme, funded by KfW, includes intrastate transmission systems aimed at renewable energy evacuation. It is monitored by the Prime Minister’s Office (PMO). Walter…
Author: PPD Team Date: May 15, 2025 PFC Consulting Limited (PFCCL) has issued a tender for the appointment of a technical consultant for surveying and preparing a report for the Inter-Regional Strengthening between Southern Region (SR) Grid and Eastern Region (ER) Grid. The bid invitation was released on May 13, 2025. The deadline for submission is May 20, 2025. PFCCL has been designated as the bid process coordinator (BPC) for selecting a transmission service provider…
Author: PPD Team Date: November 21, 2024 Damodar Valley Corporation (DVC) has entered into power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) to supply a total of 559 MW of electricity. This includes 359 MW from the 800 MW Durgapur Thermal Power Expansion Project in West Bengal and 200 MW from the 2×800 MW Koderma Thermal Power Expansion Project in Jharkhand. The Durgapur project, situated in Bardhaman district, is an expansion of…
Author: PPD Team Date: March 28, 2025 Tamil Nadu Green Energy Corporation Limited (TNGECL) is set to upgrade its renewable energy infrastructure by replacing aging windmills with a new 40 MW wind-solar hybrid power project. The initiative focuses on boosting clean energy generation in the western region of the state. In the first phase, TNGECL has identified 110 old windmills with a combined capacity of 47 MW for replacement. The hybrid project will include 22…
Author: PPD Team Date: September 15, 2025 Waaree Energies Limited has announced the incorporation of three step-down subsidiaries through its wholly owned unit, Waaree Forever Energies Private Limited. According to the company’s filing on September 12, 2025, Waaree Forever Energies Four Private Limited and Waaree Forever Energies Five Private Limited were incorporated on September 10, with certificates received on September 11. Waaree Forever Energies One Private Limited was incorporated on September 12, with the certificate…
Author: PPD Team Date: December 13, 2024 The UK Office of Gas and Electricity Markets (Ofgem) has proposed reforms to address household energy debts, which have surged to £4bn ($5.1bn). The regulator suggests changes such as introducing tariffs without standing charges and standardizing how suppliers assess customers’ payment abilities. Energy debts have risen by 91% since 2022, reaching £3.82bn ($4.87bn) by September 2024. Despite reductions in energy bills under Ofgem’s price cap since the energy…