Author: PPD Team Date: 16/09/2024

Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS).

The projects will focus on strengthening, renovating, and augmenting existing distribution systems to improve efficiency and reliability in power distribution.

Similar Posts

|

PFCCL establishes SPV for ISTS scheme development in Karnataka

By

Author: PPD Team Date: 24/10/2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary named “Gadag II and Koppal II Transmission Ltd” on October 21, 2024, as a special purpose vehicle (SPV) for an interstate transmission system (ISTS) scheme in Karnataka.  The project, titled “System strengthening at Koppal-II and Gadag-II for integration of RE generation projects,” is aimed at enhancing capacity at the Koppal-II and Gadag-II pooling stations to support growing renewable energy (RE) connections….

|

POWERGRID secures Rs 28.86 billion transmission project for Kurnool-III PS

By

Author: PPD Team Date: 10/03/2025 Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for the “Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects.”  The project, awarded through Tariff-Based Competitive Bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on March 6, 2025. The Special Purpose Vehicle (SPV) for the project is Kurnool-III PS…

|

Plenitude acquires 49% stake in California solar and storage projects

By

Author: PPD Team Date: 20/01/2025 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 of 499…

|

L&T acquires full ownership of LTSSHF

By

Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary.  With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…

|

Waaree Energies reports strong Q3 FY 2024-25 results

By

Author: PPD Team Date: 03/02/2025 Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million.  The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million.  The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52% in Q3…

|

PGCIL wins bid for Jam Khambhaliya augmentation scheme

By

Author: PPD Team Date: 16/09/2024 Power Grid Corporation of India Ltd (PGCIL) has been awarded the letter of intent for the Jam Khambhaliya augmentation scheme under the tariff-based competitive bidding (TBCB) route. The project involves establishing an interstate transmission system for the “Augmentation of transformation capacity at Jam Khambhaliya PS (GIS)” on a build, own, operate, and transfer (BOOT) basis. The letter of intent was received by PGCIL on September 12, 2024. The Jam Khambhaliya…

Leave a Reply

Your email address will not be published. Required fields are marked *