Author: PPD Team Date: January 20, 2025
Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year.
The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: December 26, 2024 Adani Enterprises Limited (AEL) has announced plans to set up an Ultra Super Critical Thermal Power Plant in Bihar. The project will involve an investment of Rs 200 billion.
Author: PPD Team Date: February 21, 2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, secured a contract from Khaba Renewable Energy Private Limited, a wholly-owned subsidiary of Engie, to supply solar modules for a 250 MW (362.5 MWp) ISTS-connected solar power project in Barmer, Rajasthan. The project, awarded under NHPC Limited, was announced on February 19, 2025. The supply of modules is expected to begin in the financial year (FY) 2026. In November…
Author: PPD Team Date: January 22, 2025 Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has received a Letter of Intent (LoI) to develop a 105 MWp solar power project on an engineering, procurement, and construction (EPC) basis in India. The LoI, valued at Rs 2,772 million, was awarded on January 20, 2025. The project is scheduled for completion in the financial year 2026.
Author: PPD Team Date: September 19, 2024 Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks Egypt’s first hybrid solar and battery energy storage system. Scatec will manage the engineering, procurement, and construction, along with asset management, operations, and maintenance services. The company aims to secure concessional financing…
Author: PPD Team Date: April 30, 2025 Kerala State Electricity Board (KSEB) is working to revive the long-stalled 163 MW Athirapally Hydro Electric Project in Thrissur district. The project, earlier held back due to environmental concerns, has now received environmental clearance. KSEB’s board of directors has approved a revised plan for the project. A viability study is currently underway to assess the implementation. The hydro project is located on the Chalakudy river basin and is…
Author: PPD Team Date: May 8, 2025 The Cabinet Committee on Economic Affairs (CCEA) has approved the revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy to streamline coal allocation for thermal power plants across central, state, and private sectors. The revised policy introduces two simplified categories for coal linkages—Window-I and Window-II. Window-I allows central and state government-owned power generators, including joint ventures and subsidiaries, to receive coal at notified prices under…