Author: PPD Team Date: December 20, 2024
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: December 20, 2024 Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean power deals to date, setting the stage for future binding power purchase agreements. Oklo will develop, construct, and operate the powerhouses to supply clean energy across the US. This partnership supports Oklo’s growth and…
Author: PPD Team Date: January 29, 2026 ACME Group has signed a partnership with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to develop a 200 kilo tonnes per annum green methanol manufacturing facility in Kendrapada district. The project will be implemented through ACME Akshya Energy and is expected to generate more than 1,100 jobs, marking the first large-scale green methanol initiative in the state. The IPICOL will facilitate the project, which forms…
Author: PPD Team Date: May 2, 2025 The Indian government has extended its directive requiring imported coal-based (ICB) power plants to operate at full capacity until 30 June 2025. This decision comes in response to the expected high electricity demand during the summer season. The mandate, which applies to ICB plants including those operated by Adani Power, Mundra Power, and Essar Power, has been extended multiple times. It was initially valid until 28 February 2025,…
Author: PPD Team Date: December 23, 2024 The Nuclear Company has issued a solicitation of interest to contractors for its 6GW nuclear power initiative across the United States. The project adopts a “design once, build many” strategy, leveraging advanced construction, AI, IoT, and digital technologies to streamline processes and reduce costs. Key innovations will enhance site selection, permitting, construction management, and supply chain logistics. The initiative targets rising energy demand from AI data computing, onshoring…
Author: PPD Team Date: December 18, 2024 NHPC has partnered with BEML to explore opportunities for developing desilting and dredging solutions for hydroelectric power plants. These solutions will also help mitigate urban waterlogging during monsoons by clearing canals and culverts and support dredging operations in inland waterways, coastal areas, ponds, and lakes. The companies have signed a memorandum of understanding (MoU) for strategic cooperation in this area. Upon successful implementation in pilot projects, the solutions…
Author: PPD Team Date: April 23, 2025 The Government of West Bengal laid the foundation stone for a new 1,600 MW thermal power project at Salboni in Paschim Medinipur district on April 21, 2025. JSW Energy Limited also commenced construction on the same day. The greenfield project will use supercritical or ultra-supercritical technology and have two units of 800 MW each. It is being developed at an estimated cost of Rs 160 billion. This plant…