Author: PPD Team Date: January 20, 2025
AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines.
Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.
Author: PPD Team Date: January 14, 2025 Europe added 15 GW of new wind energy capacity in 2024, including 13 GW from onshore and 2.3 GW from offshore projects, according to WindEurope. This falls significantly short of the 30 GW annual additions needed to meet the EU’s 2030 climate and energy goals. Wind power currently provides 20% of Europe’s electricity. The EU aims to increase this share to 34% by 2030 and over 50% by…
Author: PPD Team Date: May 6, 2025 REC Power Distribution Company Limited (REC PDCL) has launched a bidding process to select transmission service providers (TSPs) for two major transmission projects in Karnataka. The bids were invited on April 30, 2025, through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The last date to submit bids is July 4, 2025. The projects involve establishing 400 kV substations and associated transmission lines…
Author: PPD Team Date: July 18, 2025 Maharashtra State Electricity Transmission Company Ltd (MSETCL) has proposed a new scheme to upgrade the control and protection system of the Chandrapur–Padghe high-voltage direct current (HVDC) transmission link. The project, approved by the Maharashtra Transmission Committee (MTC), has been submitted to the state’s Grid Coordination Committee (GCC) for final clearance. To be implemented under the regulated tariff mechanism (RTM), the upgrade is estimated to cost Rs 5.1 billion…
Author: PPD Team Date: August 22, 2025 The Maharashtra government has signed a series of investment agreements to strengthen its renewable energy and digital infrastructure sectors. A key highlight is the commitment of Rs 15,600 crore towards solar manufacturing. Jupiter International will invest Rs 10,900 crore to set up facilities for solar wafer, cell, and module production at Butibori in Nagpur district. The project is expected to create about 8,308 jobs. LNK Green Energy Private…
Author: PPD Team Date: December 12, 2024 Eurelectric, along with CEFIC (European chemicals) and European Aluminium, have outlined six key measures for improving Europe’s industrial competitiveness and advancing its decarbonization efforts. The measures were discussed during the Antwerp Dialogues, a forum gathering industry representatives, power sector stakeholders, NGOs, unions, and think tanks. The Antwerp Declaration calls for urgent actions to reduce energy prices, eliminate barriers to infrastructure development, and secure strong public funding. Currently, electricity…
Author: PPD Team Date: September 22, 2025 Ingka Investments, the €50 billion family office of IKEA, has acquired 241 MW of solar and wind assets in Rajasthan from ib vogt, a Germany-based company. The deal, valued between Rs 1,200–1,400 crore, marks Ingka’s first investment in India’s renewable energy sector. The acquisition is part of Ingka’s global plan to invest €7.5 billion in renewable energy by 2030, with a focus on utility-scale wind and solar projects…