Shakti Pumps and KLK Ventures secure new solar pump contracts under PM-KUSUM
Author: PPD Team Date: January 6, 2026
Author: PPD Team Date: January 6, 2026
The central government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyaan (PM-KUSUM) scheme continues to generate orders for solar water pumping systems in multiple states.
On 02 January 2026, Shakti Pumps (India) Limited informed the stock exchanges that it had received a work order from the Haryana Renewable Energy Department (HAREDA). The contract value is about Rs. 23.54 Crore including GST. The scope covers the supply, installation and commissioning of 792 Solar Water Pumping Systems (SWPS) under Component B of PM-KUSUM. The execution period is 90 days.
In a separate development, KLK Ventures Private Limited received a contract in Maharashtra under PM-KUSUM for 1,000 solar water pumping systems. The project includes design, supply and installation of pumps rated at 3 HP, 5 HP and 7.5 HP. The stated objective is to support irrigation, lower fuel and electricity costs for farmers and expand clean energy use in rural areas.
The new orders indicate steady progress under PM-KUSUM. The scheme promotes solar-based agricultural pumping and supports farm sector energy transition.
The featured photograph is for representation only.
Author: PPD Team Date: February 24, 2026 Adani Power Limited’s subsidiary, Moxie Power Generation Ltd, has received a Letter of Award from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) to supply 558 MW of power for five years, providing long-term revenue visibility for the company’s Tuticorin plant. Moxie Power emerged as the lowest bidder in a competitive bidding process, quoting a tariff of Rs 5.910 per unit. Power supply is scheduled to begin from April…
Author: PPD Team Date: November 26, 2025 Sembcorp Industries, which is backed by Temasek, is reportedly considering an IPO for its Indian subsidiary Sembcorp Green Infra. The launch could take place in the next eight to nine months. The talks are at an early stage and the size of the issue has not been set. This would be Sembcorp’s second attempt to list its India business after the company withdrew a draft prospectus in January…
Author: PPD Team Date: January 16, 2026 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has announced the approval of a new joint venture with GAIL (India) Limited and the commissioning of a large solar power project in Rajasthan, marking two additions to its renewable energy portfolio. At a board meeting held on January 15, 2026, NGEL approved the formation of a 50:50 Joint Venture Company (JVC) with GAIL (India) Limited. The proposed…
Author: PPD Team Date: December 1, 2025 The Ministry of Power has introduced a new system to settle contractual disputes in power projects executed by Central Public Sector Undertakings and statutory bodies under its oversight. The framework seeks to reduce delays in dispute resolution that often raise project costs and slow construction. The centrepiece of the reform is the creation of Conciliation Committees of Independent Experts. These committees offer an alternative to arbitration and court…
Author: PPD Team Date: October 3, 2025 The Ministry of New and Renewable Energy (MNRE) has directed all government agencies in the renewable energy sector to strictly follow procurement rules and regulations issued by the Ministry of Finance and the Central Vigilance Commission (CVC). MNRE noted that in August 2025, some government agencies issued bids with very short submission windows, in some cases as low as seven days, for procurement of goods and services. The…
Author: PPD Team Date: January 17, 2025 Italy, Albania, and the UAE have signed a cooperation deal worth at least €1bn ($1.02bn) to establish a subsea interconnection for renewable energy transfer across the Adriatic Sea, Reuters reports. The agreement, under the Tripartite Strategic Partnership Framework, aims to enhance energy infrastructure and renewable energy capacity in the Mediterranean region. Italian Prime Minister Giorgia Meloni described the project as a “strategic infrastructure” at the World Future Energy…