Author: PPD Team Date: 06/01/2025
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: 24/12/2024 NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar. Under the agreement, NTPC will establish a green hydrogen fuelling station and deploy hydrogen-powered buses for short- and long-distance routes, replacing fossil fuel-powered buses to support decarbonisation and energy security. The Ministry of New and Renewable Energy (MNRE) has partially…
Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s…
Author: PPD Team Date: 16/12/2024 Westinghouse Electric Company and BWXT Canada have signed a memorandum of understanding (MoU) to collaborate on nuclear new-build projects in Canada and globally. BWXT Canada will manufacture key components for Westinghouse’s AP1000 and AP300 reactors, including steam generators and reactor vessels. This partnership strengthens Westinghouse’s AP1000 and AP300 initiatives, leveraging BWXT Canada’s expertise in pressurised water reactor steam generators and nuclear fuel. Westinghouse anticipates that each AP1000 unit built outside…
Author: PPD Team Date: 21/01/2025 Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6 MWh, with Engineers India Limited serving as the project consultant. The use of LFP batteries…
Author: PPD Team Date: 03/12/2024 An analysis based on a Lok Sabha reply has revealed that Uttar Pradesh, Maharashtra, and Tamil Nadu are the top three states with the highest project cost sanctioned under the Revamped Distribution Sector Scheme (RDSS). Uttar Pradesh leads with Rs 405.68 billion worth of projects sanctioned, followed by Maharashtra with Rs 324.24 billion and Tamil Nadu with Rs 288.03 billion. The top ten states collectively account for nearly 80% of…
Author: PPD Team Date: 03/01/2025 Indian Railway Finance Corporation (IRFC) has signed a memorandum of understanding (MoU) with the Renewable Energy Management Centre (REMC) to finance renewable energy projects supplying power to Indian Railways. The partnership aims to support renewable energy initiatives and explore financing options for thermal, nuclear, and renewable projects under a captive model. REMC will utilise its expertise to procure cost-effective energy and conduct bids for renewable energy projects aligned with the…
Author: PPD Team Date: 24/12/2024 NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar. Under the agreement, NTPC will establish a green hydrogen fuelling station and deploy hydrogen-powered buses for short- and long-distance routes, replacing fossil fuel-powered buses to support decarbonisation and energy security. The Ministry of New and Renewable Energy (MNRE) has partially…
Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s…
Author: PPD Team Date: 16/12/2024 Westinghouse Electric Company and BWXT Canada have signed a memorandum of understanding (MoU) to collaborate on nuclear new-build projects in Canada and globally. BWXT Canada will manufacture key components for Westinghouse’s AP1000 and AP300 reactors, including steam generators and reactor vessels. This partnership strengthens Westinghouse’s AP1000 and AP300 initiatives, leveraging BWXT Canada’s expertise in pressurised water reactor steam generators and nuclear fuel. Westinghouse anticipates that each AP1000 unit built outside…
Author: PPD Team Date: 21/01/2025 Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6 MWh, with Engineers India Limited serving as the project consultant. The use of LFP batteries…
Author: PPD Team Date: 03/12/2024 An analysis based on a Lok Sabha reply has revealed that Uttar Pradesh, Maharashtra, and Tamil Nadu are the top three states with the highest project cost sanctioned under the Revamped Distribution Sector Scheme (RDSS). Uttar Pradesh leads with Rs 405.68 billion worth of projects sanctioned, followed by Maharashtra with Rs 324.24 billion and Tamil Nadu with Rs 288.03 billion. The top ten states collectively account for nearly 80% of…
Author: PPD Team Date: 03/01/2025 Indian Railway Finance Corporation (IRFC) has signed a memorandum of understanding (MoU) with the Renewable Energy Management Centre (REMC) to finance renewable energy projects supplying power to Indian Railways. The partnership aims to support renewable energy initiatives and explore financing options for thermal, nuclear, and renewable projects under a captive model. REMC will utilise its expertise to procure cost-effective energy and conduct bids for renewable energy projects aligned with the…
Author: PPD Team Date: 24/12/2024 NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar. Under the agreement, NTPC will establish a green hydrogen fuelling station and deploy hydrogen-powered buses for short- and long-distance routes, replacing fossil fuel-powered buses to support decarbonisation and energy security. The Ministry of New and Renewable Energy (MNRE) has partially…
Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s…