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.
Tata Power reported reduced Aggregate Technical & Commercial (AT&C) losses in its Odisha power distribution business during the first half of FY25. The investor presentation indicated improvements in two of the four discoms, TPCODL and TPSODL, while AT&C losses in TPWODL remained constant and slightly increased in TPNODL. Overall, AT&C losses across the Odisha discoms,…
Mizoram’s power and electricity minister has introduced a new initiative under the PM-Surya Ghar Muft Bijli Yojana (PM-SGMBY), enabling households to install rooftop solar systems with substantial government subsidies. The scheme is available exclusively to Indian citizens who are current electricity consumers with good payment records and is limited to private residential properties. In partnership…
Larsen & Toubro (L&T) has incorporated a new wholly-owned subsidiary, Panipat Green Hydrogen Private Limited, to focus on green hydrogen initiatives.  Earlier, L&T had also set up L&T Green Energy Kandla Private Limited. This subsidiary is dedicated to developing green hydrogen and its derivatives, including green ammonia. These efforts are part of L&T’s plan to…
ArcelorMittal has announced that it will invest USD 900 million in three renewable energy projects in India with a combined capacity of 1 GW. The projects will increase the company’s global renewable energy capacity to 3.3 GW on completion. The projects will be located in Maharashtra, Rajasthan, and Gujarat, with power supplied to AMNS India,…
Power Grid Corporation of India Limited (POWERGRID) has received a Letter of Award to develop a 150 MW/300 MWh standalone battery storage project in Andhra Pradesh. POWERGRID informed through a regulatory filing that it has emerged as the successful bidder under the Tariff-Based Competitive Bidding (TBCB) framework. The project is part of a wider programme…
Uttar Pradesh Chief Minister Yogi Adityanath, on August 17, 2025, inaugurated the state’s first green hydrogen plant at Khanimpur village in Gorakhpur district. The facility, set up by Torrent Gas and Torrent Power, is the second of its kind in India. The project has been designed to produce 72,000 tonnes of green hydrogen annually. In…