Author: PPD Team Date: October 28, 2024
Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year.
The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.
Author: PPD Team Date: November 4, 2024 Avangrid Renewables and Invenergy NE Offshore Wind have won two lease areas each in the Gulf of Maine through a US government-led offshore wind lease sale conducted by the Bureau of Ocean Energy Management (BOEM). This sale marks the sixth offshore wind lease under the Biden-Harris administration and the first for commercial floating offshore wind on the Atlantic coast. Avangrid acquired leases OCS-564 (98,565 acres) for $4.9 million…
Author: PPD Team Date: June 26, 2025 The Himachal Pradesh State Electricity Board (HPSEB) and Himachal Pradesh Power Transmission Corporation Limited (HPPTCL) are set to expand the state’s transmission network with 15 new substations. This includes five 66 kV substations and ten higher-capacity units of 132 kV and 220 kV. The initiative follows directions from the Himachal Pradesh Electricity Regulatory Commission (HPERC) to strengthen grid infrastructure across the state. Currently, Himachal Pradesh operates 19 substations…
Author: PPD Team Date: April 6, 2026 Vikran Engineering Limited has secured two Letters of Award totalling Rs 530.80 crore (excluding GST) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The contracts, supported by the Asian Development Bank (ADB), focus on strengthening power distribution infrastructure in the Nashik and Kolhapur zones of Maharashtra. The orders were awarded through a national competitive bidding process under the ADB-backed Power Distribution Enhancement Program. The Nashik Zone contract…
Author: PPD Team Date: January 15, 2025 The Ministry of Power has released the ‘Guidelines for Installation and Operation of Battery Swapping and Battery Charging Stations’, aimed at enhancing India’s electric vehicle (EV) ecosystem. The guidelines promote battery swapping as a faster alternative to traditional charging, enabling users to replace discharged batteries with pre-charged ones, reducing downtime and improving convenience for EV owners. The guidelines apply to all entities involved in battery swapping services, including…
Author: PPD Team Date: April 30, 2025 Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) has paused site stability tests, including rock blasting and earth quarrying, for its proposed 2,000 MW Sillahalla Pumped Storage Hydroelectric Project in the Nilgiris. Estimated at Rs 69.14 billion, the project was to be developed in two stages through a public-private partnership. The state would provide funding while the central government would serve as the regulatory authority. Groundwork activities began…
Author: PPD Team Date: November 27, 2024 Synera Renewable Energy Group (SRE Group) has partnered with Moondo Wind Energy (MWE) to develop an 840 MW offshore wind farm near Geomundo Island, Yeosu City, in South Korea’s Jeollanam-do Province. The project, named Moondo Offshore Wind Energy (MOWE), marks SRE Group’s entry into the South Korean market and its second international venture after Northern Kyushu, Japan. The joint venture has secured an Electricity Business License (EBL) for…