Author: PPD Team Date: November 12, 2024
Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.Â
PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: March 26, 2025 REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects across India. The transfer took place on March 24, 2025. SPVs transferred to PGCIL PGCIL has taken over three SPVs for key transmission projects: Banaskantha Transco Limited – Augmentation of transformation capacity at Banaskantha…
Author: PPD Team Date: November 4, 2024 The Kenya Electricity Transmission Company Limited (KETRACO) has completed a new 132/33 kV substation in Loitoktok, Kajiado County, aimed at improving reliable power delivery to Merrueshi, Loitoktok, and surrounding areas. Alongside this development, KETRACO plans to extend the existing 132/33 kV substation in Sultan Hamud, Makueni County, to further stabilize the regional grid. China Aerospace Construction Group Limited is overseeing the project, with funding provided by the EXIM…
Author: PPD Team Date: November 6, 2024 US-based Emeren Group has entered a co-development agreement with Arpinge to establish a 300MW battery energy storage system (BESS) portfolio in southern Italy, bolstering Emeren’s presence in the Italian BESS market where it already has 1.37GW in its permitting pipeline. This partnership with Arpinge, a permanent capital vehicle backed by Italian pension funds, aligns with Italy’s energy transition goals, focusing on enhancing grid stability and integrating renewables. Emeren…
Author: PPD Team Date: April 4, 2025 SJVN Green Energy Limited (SGEL), a subsidiary of SJVN Limited, has completed the trial run of 241.77 MW capacity under Phase-I of its 1,000 MW grid-connected solar PV power project (CPSU Tranche-III) in Bikaner, Rajasthan. The trial was completed on March 31, 2025. The entire 1,000 MW project is being developed by Tata Power Solar Systems Limited on an engineering, procurement, and construction (EPC) basis. The project cost…
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: September 12, 2025 Eco Wave Power, in collaboration with AltaSea and Shell Marine Renewable Energy, has launched the first onshore wave energy project in the United States at the Port of Los Angeles. The project is currently in the demonstration phase and is intended to pave the way for future commercial-scale operations. The site features floaters designed to capture the motion of ocean waves and convert it into clean electricity. The…