Author: PPD Team Date: October 30, 2024
Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion.Â
TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Author: PPD Team Date: January 29, 2025 Vena Energy and Copenhagen Infrastructure Partners (CIP) have secured an offtake contract for their joint 500 MW Taean Wind Project in South Korea, awarded in the Wind Power Fixed-Price Contract Auction by the Korea Energy Agency (KEA). The fixed-bottom offshore wind project is slated for construction in the second half of 2026, with commercial operations expected by late 2029. CIP acquired a 49% stake in the project through…
Author: PPD Team Date: December 16, 2025 Bharat Heavy Electricals Limited (BHEL) has announced new leadership appointments for two key business units. The changes were disclosed to the stock exchanges through separate filings dated December 15. Shri Navin Kaul has been appointed as General Manager and Head of Power Sector Marketing, Power Sector Business Group I (PS BG I), based in New Delhi. He has over 33 years of experience at BHEL and holds a…
Author: PPD Team Date: January 13, 2025 Solidus Techno Power Private Limited has signed an agreement with Jogindra Group to develop a 110 MWp captive solar power project in Punjab. The project will be set up across three locations in the state and will meet the renewable energy (RE) needs of Jogindra Group’s enterprises, including Jogindra Castings Private Limited, Vardhman Adarsh Ispat Private Limited, and Oasis Enterprises Private Limited.
Author: PPD Team Date: July 31, 2025 Odisha’s single window committee has approved fresh renewable energy proposals totalling 178 MW, with investments estimated at Rs 870 crore. In its twelfth meeting, the committee cleared multiple solar and wind projects submitted by the state’s renewable energy nodal agency. Prozeal Green Energy’s 69.5 MW solar facility in Subarnapur district and a 49.5 MW project by INOX Solar in Keonjhar were among the key approvals. Mahanadi Coalfields Limited…
Author: PPD Team Date: September 29, 2025 Russia plans to commission by 2030 the first nuclear power system based on a closed fuel cycle, President Vladimir Putin has announced. The system will allow spent fuel to be reused several times, reducing uranium demand. Putin made the statement at the World Atomic Week forum in Moscow. He said the project will be developed in the Tomsk Region. A closed fuel cycle involves reprocessing used reactor fuel…
Author: PPD Team Date: April 2, 2025 Prozeal Green Energy Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 7.00 billion. The offering consists of a fresh issue of Rs 3.50 billion and an offer for sale of Rs 3.50 billion by existing shareholders. Of the offer for sale, promoter selling shareholders will divest Rs 3.37 billion, while…