Assam signs MoU with Hedge5 for 5 MW RTC RE power project
Author: PPD Team Date: March 20, 2025
Author: PPD Team Date: March 20, 2025
The Government of Assam (GoA) has signed a Memorandum of Understanding (MoU) with Hedge5 Manufacturing Solution Private Limited to develop a 5 MW Round-The-Clock (RTC) renewable energy project, integrating solar, wind, and battery energy storage systems (BESS).
The project is expected to be completed by December 2025.
At the “Advantage Assam 2.0 Investment and Infrastructure Summit” on March 3, 2025, the government also signed an MoU with Hindustan Powerprojects Private Limited (HPPPL) for a 100 MW solar power project and a 100 MWh BESS system. The solar and storage projects are estimated to cost Rs 5 billion and Rs 1.2 billion, respectively.
Earlier, on February 28, 2025, the New and Renewable Energy Department of Assam signed an MoU with Oriana Power Limited to develop solar and BESS projects in Kamrup district. The estimated cost of this project is Rs 5 billion.
These agreements reflect Assam’s push toward renewable energy adoption and infrastructure development.
Author: PPD Team Date: March 2, 2026 Waaree Energies Limited stated that the US Department of Commerce’s preliminary countervailing duty (CVD) of 126% on solar modules using India-manufactured cells does not pose a material risk to its operations or financial guidance. The clarification was issued during a special analyst and institutional investor call held on February 25, 2026. Senior management, including Amit Paithankar, Whole-Time Director and Chief Executive Officer (CEO); Sonal Shrivastava, Chief Financial Officer…
Author: PPD Team Date: February 18, 2025 Union Minister of State for Coal and Mines, Shri Satish Chandra Dubey, met Sri Lanka’s Minister of Industry, Shri Sunil Handunnetti, in New Delhi. They focused on boosting bilateral cooperation in mineral exploration, particularly in securing critical minerals like graphite and beach sand, key for clean energy and advanced technologies. Shri Dubey outlined India’s National Critical Mineral Mission to secure raw materials like lithium, graphite, and nickel, stressing…
Author: PPD Team Date: October 24, 2024 Turkey‘s Energy Minister, Alparslan Bayraktar, announced that the country will need $108 billion in public and private investment to increase its wind and solar power capacity to 120,000 MW by 2035, aiming to quadruple its current capacity. This announcement was made during an event outlining Turkey’s renewable energy roadmap. The first renewable energy resource area tender conditions for 2024 will be disclosed next week. The energy ministry is…
Author: PPD Team Date: January 27, 2025 Jyoti Structures secures Rs 7,412.8 million PGCIL contract for HVDC line Jyoti Structures Limited won a contract worth Rs 7,412.8 million from Power Grid Corporation of India Limited (PGCIL) for Transmission Line package TL01 for 800 kV high voltage direct current (HVDC) Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) (with dedicated metallic return) – Part-1 for the Transmission System for Evacuation of Power from potential…
Author: PPD Team Date: December 26, 2025 Cummins India has received board approval to acquire an 8.78 per cent equity stake in Clean Max for a total consideration of Rs 27 million. The transaction marks Cummins India’s entry into the renewable energy sector through a minority investment. The board has formally cleared the acquisition, under which Cummins India will purchase the stake as part of its strategic investment plans. The approval covers the full transaction…
Author: PPD Team Date: December 5, 2024 The Madhya Pradesh government, led by Chief Minister Dr. Mohan Yadav, has allocated an additional 442.04 acres to the Mohasa-Babai Industrial Area in Narmadapuram, doubling its size to 884 acres. The expansion aims to boost manufacturing in electric and renewable energy equipment. The state Cabinet has also revised allotment processes and facilities for businesses in the industrial park. Additionally, the Cabinet approved road infrastructure projects worth Rs 23.1…