EESL partners with DVC to drive energy efficiency
Author: PPD Team Date: February 18, 2025
Author: PPD Team Date: February 18, 2025
Energy Efficiency Services Limited (EESL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to enhance energy efficiency and clean energy adoption.
The collaboration aims to implement energy efficiency programs such as the street lights national programme, energy-efficient building solutions, and decentralised solar initiatives, including rooftop solar installations, solar carports, and hybrid thermal solar systems.
The partnership will also promote electric mobility with the deployment of electric vehicles and charging infrastructure, along with smart metering and trigeneration projects to optimise energy use. Focus will be placed on demand flexibility solutions for grid stability, clean cooking technologies, and battery energy storage systems using both short-duration (Lithium Iron Phosphate) and long-duration (Zinc Electrolyte) storage technologies. Additionally, streamlined procurement processes and project management services will ensure effective implementation.
Author: PPD Team Date: January 6, 2025 Sasan Power Limited, a subsidiary of Reliance Power, has repaid USD 150 million to India Infrastructure Finance (UK) Company Limited (IIFCL), improving its debt coverage metrics, liquidity, and credit rating. Sasan Power operates the 3,960 MW ultra-mega power plant in Madhya Pradesh, the world’s largest integrated coal-based power plant. It includes a 20 million tonne per annum captive coal mining capacity and supplies electricity to 14 distribution companies…
Author: PPD Team Date: December 3, 2024 Australian mining company Pilbara Minerals and its joint venture (JV) partner POSCO Holdings have announced the completion of Train 2 at their Lithium Hydroxide Monohydrate Chemical Facility in Gwangyang, South Korea. The facility is Korea’s first lithium hydroxide plant, with an annual production capacity of up to 43,000 tons of battery-grade lithium hydroxide—sufficient to power batteries for approximately one million electric vehicles. The JV, POSCO Pilbara Lithium Solution…
Author: PPD Team Date: September 22, 2025 The Ministry of New and Renewable Energy (MNRE) has released a memorandum detailing performance requirements that BioCNG projects must meet to qualify for Central Financial Assistance (CFA). The directive sets out minimum generation thresholds for disbursing the full amount of support. The clarification applies to the Waste to Energy Programme under Phase-I of the National Bioenergy Programme. It follows the original guidelines issued on November 2, 2022, and…
Author: PPD Team Date: February 6, 2025 Guyana’s Office of The President has confirmed the approval of a $141.45 billion budget, which includes a $51.2 billion investment to enhance gas-to-energy projects. The government has allocated $36.2 billion for the development of a natural gas power plant and a natural gas liquid plant. Prime Minister Mark Phillips reviewed the budget for the Office of the Prime Minister (OPM) and affiliated agencies, and the Committee of Supply…
Author: PPD Team Date: July 7, 2025 The Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs 117.40 billion in loans during the first quarter of FY26, marking a 29 per cent increase from Rs 91.36 billion in the same period last year. Loan disbursements also rose by 31 per cent year-on-year to Rs 69.81 billion. IREDA’s outstanding loan book stood at Rs 799.60 billion at the end of the quarter, 27 per cent higher…
Author: PPD Team Date: July 11, 2025 NLC India Limited has approved an equity investment of up to Rs 16.30 billion in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL). The in-principle approval is subject to clearances from the Department of Investment and Public Asset Management (DIPAM) and other relevant authorities. The funds will support NLC’s ongoing renewable energy projects under NIRL. The company is also planning to transfer 1.4 GW of its operational renewable…