BHEL and ONGC sign MoU for renewable energy projects
Author: PPD Team Date: January 14, 2025
Author: PPD Team Date: January 14, 2025
Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector.
The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission.
The collaboration aims to leverage the expertise of both entities to drive innovations in the clean energy ecosystem.
The MoU signing ceremony was attended by senior officials from both companies, including Bani Varma from BHEL and Arunangshu Sarkar from ONGC.
Author: PPD Team Date: May 12, 2025 NHPC Limited has raised Rs 19.45 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative, taxable bonds (NCTs). These bonds, part of the 6.86% AF series, were issued on a private placement basis and will mature on May 6, 2040. The allotment date was May 6, 2025, giving the bonds a 15-year tenure. The bonds will be listed on the wholesale debt market segments of the Bombay Stock…
Author: PPD Team Date: November 27, 2024 Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the supply of solar modules and cells in India as of November 25, 2024. The contracts include Rs 9.64 billion for solar modules and Rs 1.23 billion for solar cells. Deliveries are expected to commence in January 2025.
Author: PPD Team Date: February 6, 2025 RMC Switchgears has received a Rs 1.08 billion work order to develop distribution infrastructure in select districts of Gujarat. The project involves installing 11 kV underground cables and ring main unit (RMU) systems to strengthen the region’s power distribution network. In a separate development, Ultracab (India), a manufacturer of electric wires and cables, has secured an order worth Rs 510.6 million from Maharashtra State Electricity Distribution Company (MSEDCL)…
Author: PPD Team Date: November 4, 2024 Developing an electric vehicle (EV) industry in South and Southeast Asia will require significant investment, with S&P Global Ratings estimating more than US$20 billion in spending by rated carmakers over the next few years. Chinese EV manufacturers are expected to lead the expansion, viewing the region as a key growth market and a strategic hub for exporting to Europe, where Chinese-made EVs face high import tariffs. S&P Global…
Author: PPD Team Date: January 6, 2025 Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global renewable energy company that operates across Europe and New Zealand. The company employs…
Author: PPD Team Date: July 2, 2025 NHPC Limited is awaiting final clearance from the National Dam Safety Authority (NDSA) to begin commercial operations of the first three units—each of 250 MW—of the Subansiri Lower Hydroelectric Project. The update was confirmed by NHPC on June 30, 2025, as reported by Assam Tribune. The long-delayed, high-stakes project on the Subansiri River near North Lakhimpur—at the border of Assam and Arunachal Pradesh—has already consumed over Rs 90…