Author: PPD Team Date: 28/01/2025
The central government has approved an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes to strengthen Telangana’s power grid and ensure reliable electricity supply.
The investment will support the installation of smart meters in government offices under the Revamped Distribution Sector Scheme (RDSS).
Additionally, Telangana’s proposal under the planned distribution scheme will be given priority consideration.
Author: PPD Team Date: 18/10/2024 BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial…
Author: PPD Team Date: 15/01/2025 The USD 2 billion Thai Binh LNG power plant project in northern Vietnam will begin construction in late 2025 after completing its feasibility study by mid-year. Led by Thai Binh LNG Power JSC, a joint venture of Japan’s Tokyo Gas, Kyuden International, and Vietnam’s Truong Thanh Vietnam Group, the plant aims to generate 10 billion kWh annually and contribute USD 162.57 million in taxes. The project is currently progressing with…
Author: PPD Team Date: 19/12/2024 Texmaco Rail & Engineering Limited has won a Rs 1,874.1 million contract for constructing nine 132 kV transmission lines totalling 291 km in route length. The contract, awarded by Chhattisgarh State Power Transmission Company Limited (CSPTCL), was finalized on December 16, 2024, following bids invited in October 2023. The project is set to be completed within 15 months.
Author: PPD Team Date: 08/01/2025 The Competition Commission of India has approved Gentari Renewables India’s acquisition of 21 special purpose vehicles (SPVs) and holding companies engaged in solar and wind power generation and sales. Gentari Renewables India, a subsidiary of Petroliam Nasional Berhad (Petronas), is focused on providing clean energy solutions, including renewable energy, hydrogen, and green mobility. In December 2024, Gentari signed a power purchase agreement with AM Green Ammonia India to supply 650…
Author: PPD Team Date: 18/12/2024 Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each. The investment aims to expand SESPL’s business operations to align with Shakti Pumps’ growth strategy.
Author: PPD Team Date: 08/01/2025 German electrolysis manufacturer Sunfire has secured €200 million ($207.6 million) in guaranteed financing to advance its electrolysis technology. The financing is provided by a consortium led by Commerzbank, including Société Générale, BNP Paribas, LBBW, and Ostsächsische Sparkasse Dresden. The commitment reflects strong support from financial institutions and policymakers for the scale-up of climate technology. The financing will be used to secure customer advance payments and fulfil contract and warranty obligations….