Author: PPD Team Date: January 21, 2025
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has signed a share subscription and shareholders agreement (SSSHA) to acquire a 26% equity stake in Solis Urja Energy Private Limited.
The acquisition involves the purchase of 1,750,000 equity shares worth Rs 17.5 million, to be completed in one or more tranches.
Author: PPD Team Date: November 13, 2024 Power Grid Corporation of India Ltd (PGCIL) has acquired Bikaner A Power Transmission Ltd (BATPL) and Bikaner B Power Transmission Limited, both established to support the “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]” on a build, own, operate, and transfer (BOOT) basis. The acquisition from REC Power Development and Consultancy Limited (RECPDCL), the bid process coordinator, was completed on…
Author: PPD Team Date: May 5, 2025 CESC Limited has signed a 25-year power purchase agreement (PPA) with Bhojraj Renewables Energy Private Limited on April 28, 2025. Bhojraj Renewables is a subsidiary of Purvah Green Power Private Limited, which is wholly owned by CESC. The agreement covers the development of 300 MW Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India. The project includes 300 MW wind and 150 MW solar capacity, designed to…
Author: PPD Team Date: December 30, 2024 Trichy has commissioned its first solar power plant at Panjapur, a Rs 500 million project under the Smart Cities Mission. Municipal administration minister K N Nehru inaugurated the plant to reduce the city’s annual electricity expense by Rs 90 million by feeding generated power into Tangedco’s grid. The 9.6 MW solar plant spans 33 acres near the Trichy-Madurai national highway and features 29,328 panels mounted on concrete pillars….
Author: PPD Team Date: November 7, 2024 India’s energy storage capacity is projected to increase 12-fold to 60 GW by FY 2032, as outlined in a new SBICAPS report. This expansion is anticipated to outpace the growth in renewable energy (RE) sources, as RE tenders increasingly include storage, rising from 5% of projects in FY 2020 to 23% by FY 2024. Battery energy storage systems (BESS) are expected to make up the majority of this…
Author: PPD Team Date: December 18, 2024 Tion Renewables Group has completed a deal with EDP Renováveis (EDPR) to acquire a 104MW solar portfolio in Spain. The financial terms of the deal have not been disclosed. The portfolio consists of four operational solar parks: one in Aragon, which has been running since mid-2022, and three in Andalusia, which became operational in November 2024. The projects are secured with 15-year power purchase agreements (PPAs). The deal…
Author: PPD Team Date: August 6, 2025 The Standing Linkage Committee (Long-Term) for the power sector has recommended earmarking coal linkage for the 660 MW Ennore Thermal Power Station (ETPS) expansion project in Chennai, under the revised Shakti Policy 2025. The recommendation follows a request by Tamil Nadu Power Generation Corporation Ltd (TNPGCL) to revive the stranded project through a tariff-based competitive bidding process. The ETPS expansion is a brownfield, non-pithead plant based entirely on…