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.
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: May 27, 2025 The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and subsidies, proposing a centralized payment mechanism to improve accountability and streamline payments. Utilities…
Author: PPD Team Date: December 6, 2024 DMR Hydroengineering & Infrastructures Limited, in partnership with Fitchner GmbH & Co. KG, Germany, has been empanelled by THDC India Limited (THDCIL) as a consultant for the preparation of Detailed Project Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states in India. This empanelment was confirmed through a letter dated December 4, 2024.
Author: PPD Team Date: January 29, 2025 Suzlon Group’s net profit surged by 91% year-on-year, reaching Rs 3.88 billion. The company achieved its highest-ever quarterly deliveries, totalling 447 MW, bringing its nine-month total to 977 MW. Revenue for the quarter grew by 42% from the previous quarter and 94% from the same period last year, amounting to $2.97 billion. Suzlon’s EBITDA increased by 102%, reaching $500 million, while its order book hit a record 5,500…
Author: PPD Team Date: January 16, 2025 The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed, attracting over $3bn in global investor interest. This inaugural bond, part of CCMM’s borrowing programme launched at COP29 in November 2024, aims to scale up clean technology and infrastructure projects in developing countries. Final pricing was set…
Author: PPD Team Date: December 26, 2024 NTPC Limited has planned to establish a nuclear power project (NPP) in Bihar. The company has requested the state government to allocate suitable land for the project and is expected to conduct a study before proceeding with its setup.
Author: PPD Team Date: January 15, 2025 Tolidus Techno Power has partnered with the Jogindra Group to develop a 110 MWp solar power project, advancing renewable energy adoption in India. The solar project, a captive open-access ground-mounted system, will serve the energy needs of key Jogindra Group enterprises, including Jogindra Castings, Vardhman Adarsh Ispat, and Oasis Enterprises. Located across three sites in Punjab, the project is one of the largest in the region. Tolidus Techno…
Author: PPD Team Date: May 27, 2025 The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and subsidies, proposing a centralized payment mechanism to improve accountability and streamline payments. Utilities…
Author: PPD Team Date: December 6, 2024 DMR Hydroengineering & Infrastructures Limited, in partnership with Fitchner GmbH & Co. KG, Germany, has been empanelled by THDC India Limited (THDCIL) as a consultant for the preparation of Detailed Project Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states in India. This empanelment was confirmed through a letter dated December 4, 2024.
Author: PPD Team Date: January 29, 2025 Suzlon Group’s net profit surged by 91% year-on-year, reaching Rs 3.88 billion. The company achieved its highest-ever quarterly deliveries, totalling 447 MW, bringing its nine-month total to 977 MW. Revenue for the quarter grew by 42% from the previous quarter and 94% from the same period last year, amounting to $2.97 billion. Suzlon’s EBITDA increased by 102%, reaching $500 million, while its order book hit a record 5,500…
Author: PPD Team Date: January 16, 2025 The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed, attracting over $3bn in global investor interest. This inaugural bond, part of CCMM’s borrowing programme launched at COP29 in November 2024, aims to scale up clean technology and infrastructure projects in developing countries. Final pricing was set…
Author: PPD Team Date: December 26, 2024 NTPC Limited has planned to establish a nuclear power project (NPP) in Bihar. The company has requested the state government to allocate suitable land for the project and is expected to conduct a study before proceeding with its setup.
Author: PPD Team Date: January 15, 2025 Tolidus Techno Power has partnered with the Jogindra Group to develop a 110 MWp solar power project, advancing renewable energy adoption in India. The solar project, a captive open-access ground-mounted system, will serve the energy needs of key Jogindra Group enterprises, including Jogindra Castings, Vardhman Adarsh Ispat, and Oasis Enterprises. Located across three sites in Punjab, the project is one of the largest in the region. Tolidus Techno…
Author: PPD Team Date: May 27, 2025 The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and subsidies, proposing a centralized payment mechanism to improve accountability and streamline payments. Utilities…
Author: PPD Team Date: December 6, 2024 DMR Hydroengineering & Infrastructures Limited, in partnership with Fitchner GmbH & Co. KG, Germany, has been empanelled by THDC India Limited (THDCIL) as a consultant for the preparation of Detailed Project Reports (DPR) for THDCIL’s upcoming pumped storage projects across various states in India. This empanelment was confirmed through a letter dated December 4, 2024.