SJVN inks MoU with Rajasthan government for 7 GW renewable energy projects
Author: PPD Team Date: November 21, 2024
Author: PPD Team Date: November 21, 2024
SJVN has signed a Memorandum of Understanding (MoU) with the Energy Department of Rajasthan to advance renewable energy development in the state.
As part of the MoU, SJVN will develop 5 GW of pumped storage projects and 2 GW of floating solar projects in Rajasthan.
The agreement was formalized in the presence of Rajasthan’s Chief Minister, Bhajan Lal Sharma, and signed by Akhileshwar Singh, Director (Finance) SJVN, and Om Kasera, Managing Director of RRECL.
SJVN was conferred Navratna status in August 2024. It has a current project portfolio of 56,802.4 MW with projects across hydro, solar, wind, thermal, and transmission.
Author: PPD Team Date: April 4, 2025 REC Power Distribution Company Limited (REC PDCL) has set up two special purpose vehicles (SPVs) to develop upcoming transmission projects in Maharashtra. On March 28, 2025, Jejuri Hinjewadi Power Transmission Limited was incorporated. It will implement the Network Expansion scheme in Maharashtra for removal of Transmission constraints in Pune Region-I & providing supply to Data Centre Loads. The second SPV, Velgaon Power Transmission Limited, was incorporated on March…
Author: PPD Team Date: January 7, 2025 Waaree Energies Limited has initiated trial production at its 5.4 GW solar cell manufacturing plant in Chikhli, Gujarat. The facility is a key part of Waaree’s strategy for backward integration in the solar energy sector. By focusing on indigenous solar cell production, the plant aims to reduce import dependency, lower costs tied to global supply chain disruptions, and bolster India’s role in clean energy. The high-efficiency solar cells…
Author: PPD Team Date: October 23, 2024 The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its “T3” unit in Malanpur, Madhya Pradesh, expected to be completed by March 2025….
Author: PPD Team Date: October 9, 2025 Adani Green Energy Ltd, led by Indian billionaire Gautam Adani, has secured around $250 million from a consortium of international banks, marking its first foreign currency loan since a US Department of Justice indictment. The funding will be used to refinance existing debt. The credit is being provided by DBS Bank Ltd., DZ Bank, Rabobank, and Bank SinoPac Co Ltd. The loan has a tenor of over five…
Author: PPD Team Date: February 20, 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…
Author: PPD Team Date: October 23, 2025 The Ministry of New and Renewable Energy (MNRE) has issued a clarification on the applicability of the Solar Systems, Devices and Components Goods Order, 2025, dated January 27, 2025. The clarification, released on October 21, 2025, addresses queries related to item number 3 of the order, which covers storage batteries. According to MNRE’s Standard and Quality Control Division, the Quality Control Order (QCO) applies to all types of…