Author: PPD Team Date: October 24, 2024
Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited.
Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: PPD Team Date: June 18, 2025 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has incorporated Rajgarh Neemuch Power Transmission Limited as a new special purpose vehicle (SPV) for an inter-state transmission project in Madhya Pradesh. The new SPV was registered on June 17, 2025. The project is titled “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh-Phase III and…
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 10, 2025 Hindustan Powerprojects Private Limited (HPPPL) has started construction of a 300 MW (435 MWp) Inter-State Transmission System (ISTS)-connected solar power project in Lalitpur, Uttar Pradesh. The project is part of the larger 2,000 MW ISTS-connected solar programme being implemented for Uttar Pradesh Power Corporation Limited (UPPCL). It was announced during the Clean Energy Summit 2025 held in Lucknow. Under the scope of work, HPPPL will identify land, develop…
Author: PPD Team Date: February 26, 2026 Saatvik Green Energy Limited has received and accepted an order worth Rs 87.10 crore from a reputed independent power producer (IPP) or engineering, procurement and construction (EPC) player for the supply of solar photovoltaic (PV) modules. The company disclosed the development in a regulatory filing dated February 25, 2026. The order has been awarded by a domestic entity and is commercial in nature. Execution is scheduled for completion…
Author: PPD Team Date: October 22, 2024 The Ministry of New and Renewable Energy (MNRE) has issued an expression of interest (EoI) to expand the network of vendors under the PM-Surya Ghar: Muft Bijli Yojana. The initiative aims to accelerate the deployment of residential rooftop solar systems by increasing the vendor network from the current 8,000 to 25,000. REC Limited’s vendor management division will provide support through weekly interactions, dedicated email assistance, and capacity-building programs…
Author: PPD Team Date: August 22, 2025 Kazakhstan has started engineering surveys for its first modern nuclear power station at Ulken in the Almaty region. The studies mark the initial stage of the project, following a ceremony earlier this month held by the Agency for Atomic Energy and Russia’s Rosatom. The current phase involves a detailed review of the site’s suitability, including seismic and environmental assessments. The work requires drilling at least 50 wells to…