Author: PPD Team Date: 09/12/2024
Similar Posts
Union Cabinet approves National Critical Mineral Mission
Author: PPD Team Date: 03/02/2025 The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 163 billion and an expected investment of Rs 180 billion from PSUs and other stakeholders. Aligned with the Atmanirbhar Bharat initiative, the mission aims to strengthen India’s self-reliance in critical minerals, crucial for high-tech industries, clean energy, and defence. This move is part of…
Vietnam and Singapore to collaborate for electricity export
Author: PPD Team Date: 19/12/2024 Vietnam and Singapore are set to collaborate on an offshore wind (OSW) power project that will export electricity from Vietnam to Singapore starting in 2030. The announcement was made during a meeting between Vietnam’s Minister of Natural Resources and Environment and Singapore’s Minister for Manpower, as well as the Second Minister for Trade and Industry. In February 2023, Petrovietnam Technical Services Corporation (PTSC) and Singapore’s Sembcorp Utilities signed an agreement…
THDC synchronises Unit 1 of Tehri PSP in Uttarakhand
Author: PPD Team Date: 22/11/2024 THDC India Limited synchronised Unit I of the Tehri Pumped Storage Plant Project with the National Grid on November 19, 2024. Furthermore, the coal firing was also achieved within a few hours of oil synchronisation. THDC, a joint venture (JV) of NTPC Limited and the Government of Uttar Pradesh (GoUP), is implementing the project. The Tehri PSP consists of four reversible pump turbine units of 250 MW each in Uttarakhand.
Torrent Power incorporates TU37 for hydrogen and renewable energy
Author: PPD Team Date: 23/01/2025 Torrent Green Energy Private Limited (TGEPL), a subsidiary of Torrent Power Limited, has established Torrent Urja 37 Private Limited (TU37) with an authorised and paid-up capital of Rs.500,000, consisting of 50,000 equity shares valued at Rs.10 each. TU37 will focus on manufacturing, processing, and trading hydrogen and its derivatives, including ammonia and compressed natural gas. It will also engage in renewable energy initiatives, such as the generation, transmission, and trading…
Maha GENCO abandons Dondaicha coal project
Author: PPD Team Date: 20/12/2024 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.
Jupiter Power secures $225 million credit facility to boost 12,000 MW energy storage pipeline
Author: PPD Team Date: 06/11/2024 Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while…