Author: PPD Team Date: December 19, 2024
Gensol Engineering Limited has won an EPC contract worth Rs 880 million from a steel products company to develop 22 MW solar photovoltaic (PV) power projects in Punjab.
The contract was awarded on December 18, 2024 and is scheduled for completion within six months.
Author: PPD Team Date: July 28, 2025 Torrent Power Ltd. is in discussions to acquire the thermal power business of Larsen & Toubro Ltd. (L&T) in a deal estimated at around $1 billion, including debt. Both companies are working with financial advisers as part of the ongoing process. The transaction, if completed, would support L&T’s plans to raise funds and reduce debt. The deal structure is not final and may change. L&T has been exploring…
Author: PPD Team Date: December 5, 2024 Westinghouse Electric Company has achieved a significant milestone with the approval of the eVinci microreactor’s Advanced Logic System (ALS) Version 2 instrumentation and control (I&C) platform by the US Nuclear Regulatory Commission (NRC). This marks the eVinci microreactor as the first of its kind to receive NRC approval for its I&C system, paving the way for autonomous operation. The ALS v2 platform is a logic-based system that manages…
Author: PPD Team Date: December 12, 2024 US-based investor Acadia Infrastructure Capital, along with major companies including Microsoft, has launched a $9 billion initiative to develop renewable energy projects across the United States. The initiative, known as the Climate and Communities Investment Coalition (CCIC), aims to accelerate corporate-led financing for renewable energy projects and is expected to facilitate the development of 5GW of renewable power by 2029. The CCIC will focus on providing tangible benefits…
Author: PPD Team Date: November 14, 2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent…
Author: PPD Team Date: June 9, 2025 The Regional Conference for Northern States and Union Territories was held on 6 June in Chandigarh. Shri Manohar Lal, Union Minister of Power and Housing & Urban Affairs, chaired the meeting. With peak demand expected to rise to 446 GW by 2034–35, Shri Manohar Lal called for a balanced mix that includes nuclear generation. The Minister asked States to resolve issues delaying intra-state transmission projects and to consider…
Author: PPD Team Date: June 19, 2025 Crompton Greaves Consumer Electricals has received a letter of award from the Maharashtra Energy Development Agency (MEDA) for the supply and installation of 4,500 off-grid solar photovoltaic water pumping systems. The contract is valued at Rs 1.01 billion. The project is part of Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. It is structured as a turnkey contract, covering design, manufacture, supply,…