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: November 26, 2024 French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering. The allegations claim the company falsely promoted compliance…
Author: PPD Team Date: January 3, 2025 Eskom has reconnected Unit 2 of the Koeberg nuclear power station to South Africa’s national grid, adding 930MW to the country’s power supply. This move supports Eskom’s Generation Operational Recovery Plan to increase capacity by 2.5GW by March 2025. Unit 2 underwent an extensive long-term operation (LTO) programme, extending its operational life by 20 years. The maintenance included replacing steam generators, conducting inspections, and refuelling. This follows the…
Author: PPD Team Date: December 11, 2025 ACME Solar Holdings Limited has appointed Mr KR Thiyagarajan as President of its EPC (Engineering, Procurement, and Construction) division and designated him as a Senior Management Personnel. ACME Solar said the Board of Directors approved the appointment after a recommendation from the Nomination and Remuneration Committee. He will report to the Chief Executive Officer. The company also changed the reporting structure for Harjinder Kamboj, who previously served as…
Author: PPD Team Date: September 22, 2025 KPI Green Energy Limited has issued India’s first externally credit-enhanced green bond on the National Stock Exchange, raising Rs 6.70 billion. The five-year bond carries an annual coupon of 8.5 per cent and has been rated AA+ by both CRISIL and ICRA. The bond is backed by a 65 per cent partial guarantee from GuarantCo, part of the Private Infrastructure Development Group, funded by several governments, including the…
Author: PPD Team Date: April 17, 2025 Energy Efficiency Services Limited (EESL), a joint venture under the Ministry of Power, has launched a national initiative to deploy solar-powered micro cold storage units. The aim is to reduce post-harvest losses and improve farm-level infrastructure for small and marginal farmers. The pilot unit was inaugurated in Kullu, Himachal Pradesh, with support from the Asian Development Bank. Similar units will now be deployed in Andhra Pradesh, Rajasthan, Uttar…
Author: PPD Team Date: January 20, 2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, along with the Sandrini BESS storage facility. These plants share grid connection infrastructure and have a combined installed capacity…