CCI approves ONGC-NTPC’s Ayana acquisition and Greenko stake deal
Author: PPD Team Date: 13/03/2025
Author: PPD Team Date: 13/03/2025
The Competition Commission of India (CCI) has approved two major transactions in the renewable energy sector. ONGC NTPC Green Private Limited has received clearance to acquire a 100 per cent stake in Ayana Renewable Power Private Limited. Meanwhile, AMG Green Power B.V. has been approved to acquire a stake in Greenko Energy Holdings, and ORIX Corporation will subscribe to certain convertible notes of AM Green (Luxembourg) S.À.R.L.
ONGC NTPC Green is a joint venture between ONGC Green Limited and NTPC Green Energy Limited, subsidiaries of Oil and Natural Gas Corporation Limited (ONGC) and NTPC Limited, respectively. The entity currently has no business operations.
AMG Green Power B.V. is a newly incorporated firm without active business activities, while AM Green (Luxembourg) S.À.R.L functions as a holding company. ORIX Corporation, the parent company of the ORIX Group, has interests in financial services, leasing, real estate, private equity, asset management, and energy services, including power generation.
Author: PPD Team Date: 23/12/2024 Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans up to Rs 600,000 are…
Author: PPD Team Date: 16/12/2024 Power Grid Corporation of India Limited (PGCIL) has received Letters of Intent (LoI) for two major transmission projects. These include the transmission system under ISTS for evacuating power from Kudankulam Nuclear Power Plant Units 3 and 4 (2×1000 MW) and the system strengthening at Koppal-II and Gadag-II for integrating renewable energy (RE) generation projects in Karnataka. Both schemes will be implemented on a build, own, operate, and transfer (BOOT) basis.
Author: PPD Team Date: 21/11/2024 Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in services for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. Located 35-60km offshore Changhua County, the project will become Taiwan’s largest wind power complex, generating electricity to supply one million households annually. Poseidon Cables’ role involves preparing and pulling in inter-array cables, a critical step toward operationalizing wind farms. This contract underscores…
Author: PPD Team Date: 20/12/2024 Adani Energy Solutions Limited (AESL) incorporated Adani Energy Solutions Step-Ten Limited (AESSTL) on December 18, 2024. The special purpose vehicle (SPV) will focus on the transmission, distribution, and supply of power, along with other infrastructure services.
Author: PPD Team Date: 27/02/2025 Gensol Engineering Limited has signed a non-binding term sheet for a Rs 3.5 billion strategic transaction to sell its US subsidiary, Scorpius Trackers, to a major renewable energy solutions provider in the US. The deal includes the transfer of exclusive global intellectual property rights for Scorpius Trackers’ advanced solar tracking technology. The transaction will be completed in two tranches, with full closure expected by March 2026, subject to due diligence…
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Author: PPD Team Date: 23/12/2024 Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans up to Rs 600,000 are…
Author: PPD Team Date: 16/12/2024 Power Grid Corporation of India Limited (PGCIL) has received Letters of Intent (LoI) for two major transmission projects. These include the transmission system under ISTS for evacuating power from Kudankulam Nuclear Power Plant Units 3 and 4 (2×1000 MW) and the system strengthening at Koppal-II and Gadag-II for integrating renewable energy (RE) generation projects in Karnataka. Both schemes will be implemented on a build, own, operate, and transfer (BOOT) basis.
Author: PPD Team Date: 21/11/2024 Poseidon Cables has secured a contract with NCT Offshore to provide cable pre-rigging and pull-in services for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. Located 35-60km offshore Changhua County, the project will become Taiwan’s largest wind power complex, generating electricity to supply one million households annually. Poseidon Cables’ role involves preparing and pulling in inter-array cables, a critical step toward operationalizing wind farms. This contract underscores…
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Author: PPD Team Date: 27/02/2025 Gensol Engineering Limited has signed a non-binding term sheet for a Rs 3.5 billion strategic transaction to sell its US subsidiary, Scorpius Trackers, to a major renewable energy solutions provider in the US. The deal includes the transfer of exclusive global intellectual property rights for Scorpius Trackers’ advanced solar tracking technology. The transaction will be completed in two tranches, with full closure expected by March 2026, subject to due diligence…
Author: PPD Team Date: 29/07/2025 Tata Power has launched a new power distribution technology centre (PDTC) in Bhubaneswar to enhance real-time monitoring and control of electricity distribution across Odisha. This facility is the first integrated state-level control centre in India’s power distribution sector. The PDTC manages live operations of 250 SCADA-enabled primary substations in central Odisha. It is staffed by over 50 qualified engineers, including a significant number of women professionals. The centre operates 24×7…
Author: PPD Team Date: 23/12/2024 Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans up to Rs 600,000 are…
Author: PPD Team Date: 16/12/2024 Power Grid Corporation of India Limited (PGCIL) has received Letters of Intent (LoI) for two major transmission projects. These include the transmission system under ISTS for evacuating power from Kudankulam Nuclear Power Plant Units 3 and 4 (2×1000 MW) and the system strengthening at Koppal-II and Gadag-II for integrating renewable energy (RE) generation projects in Karnataka. Both schemes will be implemented on a build, own, operate, and transfer (BOOT) basis.