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: April 9, 2026 India’s air quality regulator has imposed penalties totalling about Rs 61.85 crore ($7.4 million) on six coal-fired thermal power plants for not complying with biomass co-firing requirements under national environmental rules. The Commission for Air Quality Management in the National Capital Region and Adjoining Areas (CAQM) took action after a compliance review found that the six plants, all located within 300 km of Delhi, had not met the…
Author: PPD Team Date: May 29, 2025 Roofsol Energy Private Limited has commissioned over 29 MWp of solar power capacity across India. The projects include 14 engineering, procurement, and construction (EPC) works spread across 12 states and five industrial sectors. In parallel, Roofsol has secured funding of Rs 2.1 billion (USD 25 million) from Aseem Infrastructure Finance Limited. The funds will support the development of 92.66 MWp group captive and rooftop solar power projects across…
Author: PPD Team Date: January 13, 2025 Virginia Transformer is exploring a potential sale that could value the company at more than $6 billion, according to Bloomberg sources. The company, led by CEO Prabhat K Jain, is one of North America’s largest US-owned power transformer manufacturers. The company is working with an adviser to assess buyer interest, although there is no guarantee that a sale will occur. Founded in the 1970s, Virginia Transformer manufactures essential…
Author: PPD Team Date: August 12, 2025 JSW Energy Limited has completed the commissioning of the third and final 80 MW unit at its Kutehr Hydroelectric Power Plant in Chamba, Himachal Pradesh. This comes just days after the company began power dispatch from the project’s first 80 MW unit. Electricity from the entire 240 MW capacity is now being supplied to Haryana. The project operates under a 35-year power purchase agreement with Haryana Power Purchase…
Author: PPD Team Date: July 10, 2025 Prostarm Info Systems has announced the establishment of a 1.2 GWh battery energy storage system (BESS) manufacturing facility in Reliance MET City, Jhajjar, Haryana. The plant is expected to be commissioned by the end of FY26. The facility will serve commercial, industrial, and utility-scale storage markets. The company has secured a nine-year lease for the site and committed Rs 250 million in capital expenditure. This investment covers plant…
Author: PPD Team Date: March 20, 2026 SJVN Limited has appointed Parthajit De as Whole-time Director (Finance) on its board, effective March 19, 2026. The appointment, for a five-year term, was made by the Ministry of Power (MoP) and disclosed to stock exchanges on the same day. De joins SJVN from NHPC Limited, where he spent over 27 years across project locations and the corporate office. In his most recent role, he headed the Corporate…