Author: PPD Team Date: October 29, 2024
Gensol Engineering Limited has reported a net profit of Rs 228.9 million for the quarter ending September 2024, marking a 28.96% increase from Rs 177.5 million in the same quarter last year.
The company’s total income rose by 13.76% to Rs 3,468.2 million, up from Rs 3,048.7 million in the corresponding period of the previous year, reflecting steady growth in its financial performance.
Author: PPD Team Date: November 13, 2024 The UK energy regulator, Ofgem, has approved the initial stages of two interconnector pilot projects, LionLink and Nautilus, aimed at linking the UK’s transmission network with offshore wind farms in the North Sea. These “offshore hybrid assets” will connect UK, Dutch, and Belgian grids directly to offshore wind farms, delivering a combined capacity of 3.2 GW. National Grid is leading the projects in partnership with Dutch and Belgian…
Author: PPD Team Date: November 21, 2025 Uttar Pradesh has released the Energy and Renewable Vision 2047, which sets a target to meet 40 to 50 percent of its energy needs from renewable sources by 2047. The plan aims to deliver clean, reliable, and affordable power. The vision presents a wide plan to decarbonize the state’s power sector. It calls for new solar parks, floating solar projects, hybrid wind-solar systems, and bioenergy units. It also…
Author: PPD Team Date: November 3, 2025 MEIL Energy Private Limited, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has completed the acquisition of a 250 MW lignite-fired power plant in Neyveli, Tamil Nadu. With this addition, MEIL’s total power generation capacity now exceeds 5.2 GW. The company said the newly acquired asset will be integrated into its energy portfolio with a focus on operational efficiency and disciplined management to ensure long-term value creation….
Author: PPD Team Date: July 14, 2025 O2 Power Private Limited has commissioned a 400 MW Inter-State Transmission System (ISTS)-connected solar photovoltaic (PV) power project in Jaisalmer, Rajasthan. The project was officially completed on July 10, 2025. The project was awarded under NTPC’s solar tender floated in February 2020 for developing 1,200 MW of ISTS-connected solar PV projects across India. O2 Power secured the 400 MW capacity in October 2022 at a tariff of Rs…
Author: PPD Team Date: September 16, 2025 Mozambique is advancing plans for the $6 billion Mphanda Nkuwa hydroelectric project on the Zambezi River, backed by the World Bank and private partners. The facility is expected to generate 1,500 megawatts when it becomes operational in 2031, making it southern Africa’s largest hydropower project in five decades. World Bank President Ajay Banga highlighted the economic impact of electrification during a July visit to Mozambique, noting how access…
Author: PPD Team Date: February 18, 2025 NHPC Ltd, a state-owned hydropower company, has announced a major investment of Rs 840 billion to develop 20 GW of pumped storage capacity. This project is part of a larger capital expenditure plan estimated at Rs 12,000 billion, with most investments to be made through joint ventures (JVs). Currently, NHPC has an installed capacity of 7.1 GW from renewable sources across 25 power stations, including 1.5 GW from…