Author: PPD Team Date: December 27, 2024
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Author: PPD Team Date: February 5, 2026 Power Grid Corporation of India Limited has received regulatory approval to consolidate multiple wholly owned transmission subsidiaries into two entities, as part of a move to streamline its corporate structure. In a disclosure to the stock exchanges dated February 4, 2026, Power Grid said the Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement through orders issued on January 27, 2026. The schemes provide for the…
Author: PPD Team Date: January 23, 2025 Mongolia has entered into a partnership with the European Bank for Reconstruction and Development (EBRD) to enhance the country’s renewable energy sector. Announced at the World Economic Forum in Davos (January 2025), the EBRD will help Mongolia develop solar, wind, and energy storage projects through auctions. The EBRD will offer technical support, including feasibility studies and environmental assessments for small and medium-sized hydroelectric plants, helping build a strong…
Author: PPD Team Date: December 5, 2024 Hinkley Point C, located in Somerset, southwest England, has achieved a significant milestone with the installation of Britain’s first new nuclear reactor in more than 30 years. The installation of the first of two 13-metre-long reactor pressure vessels (RPV) is a key development. Once both reactors are operational, Hinkley Point C will supply 7% of Britain’s electricity. This follows the completion of the steel dome installation in late…
Author: PPD Team Date: July 3, 2025 NTPC Renewable Energy Limited (NTPC REL), on June 30, 2025, commissioned 64.7 MW solar capacity under the 1,255 MW Khavda-I Solar PV Project. This project is part of the larger 4,750 MW Khavda Wind-Solar Hybrid Renewable Energy Power Park in Kutch district. With this addition, the total commissioned capacity under the Khavda-I Solar PV Project now stands at 321.65 MW. The entire renewable energy park is spread across…
Author: PPD Team Date: December 20, 2024 Maharashtra State Power Generation Company Limited (MSPGCL) has abandoned the Dondaicha Coal Based Power Project. The project, planned to have a capacity of 5×660 MW near Vikharan, Methi, and Varjhadi villages in Dhule district, Maharashtra, was set to be built at an investment of Rs 215.77 billion.
Author: PPD Team Date: December 5, 2025 Uttar Gujarat Vij Company Limited (UGVCL) has directed all circle offices to follow a uniform method for calculating banking charges and energy setoff for captive and third-party sale solar projects. The instruction defines a fixed calculation sequence for net payable units and includes an illustrative example to guide implementation. The directive states that the methodology needs to remain uniform across DISCOMs. It cites the Gujarat Electricity Regulatory Commission…