Author: PPD Team Date: December 6, 2024
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited.
Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.
The project will operate under a 25-year power purchase agreement with NTPC.
Author: PPD Team Date: January 23, 2025 Nesma Infrastructure and Technology has secured a SAR915 million contract with the Saudi Electricity Company (SEC) for constructing two 380 kV substations in Riyadh, named Rumah BSP-9077 A and B. The project includes installing line reactors at the Airport North BSP-9089 and PS3 BSP substations to strengthen Riyadh’s high-voltage transmission infrastructure. Scheduled for completion within 21 months, the initiative supports the city’s rapid urban and industrial growth. Saudi…
Author: PPD Team Date: October 29, 2025 Gujarat Industries Power Company Limited (GIPCL) has commissioned an additional 105 MW at its solar power project in Khavda, located in the Great Rann of Kutch. This brings the total operational capacity at the site to 315 MW, marking steady progress toward the company’s 600 MW target under its Khavda Solar Power Project. The newly commissioned capacity represents the third phase of implementation. With more than half of…
Author: PPD Team Date: May 23, 2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per…
Author: PPD Team Date: November 21, 2025 JSW Energy has received approval from the Committee of Creditors for its resolution plan for Raigarh Champa Rail Infrastructure Private Limited. The company received the Letter of Intent on November 19, 2025, which marks an important step in securing rail connectivity for its 3,600 MW thermal power project. The approval follows JSW Energy’s earlier acquisition of KSK Mahanadi Power Company Limited, which made JSW Energy the holding company….
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…
Author: PPD Team Date: February 4, 2025 KPI Green Energy has signed a contract with Coal India for the development of a 300 MWAC grid-connected solar photovoltaic (PV) plant at the Gujarat Industries Power Company (GIPCL) Solar Park in Khavda, Gujarat. The total contract value is Rs 13.11 billion, covering both the development and operation & maintenance (O&M) services for five years. The project is expected to be completed by November 2025. Additionally, KPI Green…