Author: PPD Team Date: 21/01/2025
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited.
The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Author: PPD Team Date: 04/03/2025 NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, commenced commercial operations for the last 18.32 MW capacity of its 300 MW solar power project in Bikaner, Rajasthan, on March 1, 2025. With this, the entire 300 MW project has been commissioned under the 923 MW Grid-Connected Solar Power Project (Tranche-II) of the Central Public Sector Undertaking (CPSU) Scheme. The 923 MW solar project is being developed…
Author: PPD Team Date: 06/01/2025 SJVN Limited and the Government of Bihar (GoB) signed an MoU on December 31, 2024, to develop the 1,000 MW Hathidah-Durgawati Pumped Storage Project and other similar projects in Bihar. The 1,000 MW (4×250 MW) Hathidah-Durgawati project will be built on the Durgawati River in Kaimur, Bihar, at an estimated cost of Rs 56,630 million.
Author: PPD Team Date: 29/11/2024 India plans to invest Rs 9.12 trillion to enhance its power transmission infrastructure by 2032, as detailed in the National Electricity Plan (Transmission) presented by Union Minister Shripad Yesso Naik in the Rajya Sabha. The plan covers the addition of 1,91,474 circuit kilometers (ckm) of transmission lines and 1,274 Giga Volt Ampere (GVA) of transformation capacity at 220 kV and above voltage levels between 2022-23 and 2031-32. The plan emphasizes…
Author: PPD Team Date: 19/12/2024 The Bhubaneswar Municipal Corporation (BMC) has partnered with Oil India Limited (OIL) to establish a biogas plant in Nayapalli, Bhubaneswar, as part of a waste-to-wealth initiative. The facility will process wet waste from the city to produce biogas fuel. The Housing and Urban Development Department has allocated 8 acres of land for the project. Initially, the plant will process 200 tonnes of wet waste daily, with the potential to expand…
Author: PPD Team Date: 28/11/2024 The Board of Directors of Uttarakhand Jal Vidyut Nigam Limited (UJVN) has approved civil and hydro-mechanical (H&M) works for the 120 MW Sirkari Bhyol-Rupsiabagar Hydro Electric Project. The project, comprising three units of 40 MW each, will be developed on the Goriganga River in Munsiyari, Pithoragarh district, with an investment of Rs 8.79 billion. In addition, UJVN has sanctioned Renovation, Modernization, and Uprating (RMU) works for the 30 MW Kulhal…
Author: PPD Team Date: 24/12/2024 Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase, attracting Rs 137.73 billion. Only one loan was made for wind energy projects, highlighting a…