BHEL and ONGC sign MoU for renewable energy projects
Author: PPD Team Date: January 14, 2025
Author: PPD Team Date: January 14, 2025
Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector.
The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission.
The collaboration aims to leverage the expertise of both entities to drive innovations in the clean energy ecosystem.
The MoU signing ceremony was attended by senior officials from both companies, including Bani Varma from BHEL and Arunangshu Sarkar from ONGC.
Author: PPD Team Date: December 4, 2025 IndiGrid has signed definitive agreements to acquire Gadag Transmission Limited (GTL), an ISTS project in Karnataka, for an enterprise value of about Rs 372 crore. The deal excludes net working capital and cash adjustments and includes an earn out linked to Change In Law, availability, and bilateral billing, payable only if recovered. GTL is a BOOM asset developed as the first phase of a scheme to evacuate about…
Author: PPD Team Date: November 28, 2025 Prime Minister Narendra Modi has announced that the government will open the nuclear power sector to private participation. The proposal will be introduced through the Atomic Energy Bill, 2025, which is scheduled for the coming winter session of Parliament. The reform is positioned as a step to improve long-term energy security. In a video message, the Prime Minister said the plan is intended to support investment in small…
Author: PPD Team Date: October 22, 2025 Avaada Electro, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has filed confidential documents with the Securities and Exchange Board of India (SEBI) to raise between Rs 90–100 billion through an initial public offering (IPO). The proposed IPO is expected to include both fresh equity issuance and an offer for sale by existing shareholders. According to market sources, the company is targeting a valuation in the range…
Author: PPD Team Date: January 23, 2025 Trincomalee Power Company Limited (TPCL), a joint venture between NTPC Limited and the Ceylon Electricity Board (CEB), is developing a 50 MW solar project in Sampoor, Trincomalee, Sri Lanka, with potential for expansion to 120 MW. The project’s tariff has been finalised at 5.97 US cents per unit. The Sampoor Solar Project is aligned with Sri Lanka’s renewable energy goals and will contribute to long-term energy security. The…
Author: PPD Team Date: March 12, 2026 Aerem has appointed Nilesh Malani as Executive Director. In this role, he will lead the company’s consumer business, marketing, and direct-to-consumer (D2C) e-commerce verticals as the platform expands its integrated solar ecosystem for micro, small and medium enterprises (MSMEs) and homeowners. Malani brings more than 20 years of experience in brand building, consumer business growth and digital transformation across multiple sectors. He most recently served at Waaree Group…
Author: PPD Team Date: September 24, 2025 Sunsure Energy has commissioned an 82.5 MWp open-access solar project in Jhansi district, Uttar Pradesh. The plant is expected to generate around 0.12 billion units of electricity annually and supply industries in the state with cost-competitive green power. The company operates approximately 260 MWp of open-access solar capacity across Agra, Banda, Mahoba, Jhansi, and Chitrakoot, delivering power to sectors including FMCG, ceramics, metals, and chemicals. The Jhansi project…