Author: PPD Team Date: 31/12/2024
J&V Energy has signed a memorandum of understanding (MoU) with ESPRO to establish a joint holding company for solar energy development and management in Thailand.
The partnership aims to enhance renewable energy adoption and operational efficiency in line with Thailand’s sustainability goals.
Author: PPD Team Date: 24/12/2024 Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use. Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10 per share. The agreement includes a 20-year Power Purchase Agreement (PPA) under the Captive User…
Author: PPD Team Date: 27/02/2025 Power Mech Projects Limited has secured a Rs 1.65 billion contract from Bharat Heavy Electricals Limited (BHEL) for the 2×800 MW Koderma Thermal Power Expansion Project. The contract covers main supply, design and engineering, mandatory spares, and civil works, including erection and commissioning. The work is expected to be completed within 30 months. Koderma Thermal Power Station, located in Hirodih, Chandwara, Jharkhand, has an existing capacity of 1,000 MW. Unit…
Author: PPD Team Date: 14/07/2025 The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has notified that bonds issued by Indian Renewable Energy Development Agency Ltd. (IREDA) will be treated as ‘long-term specified assets’ under section 54EC of the Income-tax Act, 1961. The notification took effect on July 9, 2025. As per the notification, IREDA bonds that are redeemable after five years and issued on or after the effective date will qualify…
Author: PPD Team Date: 30/10/2024 GE Vernova has secured a contract to supply its 9HA.01 gas turbine for a new 600 MW hydrogen-capable power plant at the Pulau Seraya power station on Jurong Island, Singapore. The project, led by YTL PowerSeraya Group, is set to begin operations by 2027. Initially running on natural gas, the plant will be able to blend up to 50% hydrogen, with a future goal of transitioning to 100% hydrogen fuel…
Author: PPD Team Date: 28/03/2025 Syngene International Limited has increased its stake in O2 Renewable Energy Private Limited II from 26 percent to 33.79 percent. This move strengthens Syngene’s renewable energy consumption strategy while ensuring compliance with captive power requirements under the Electricity Act. The investment supports O2 Renewable Energy’s 201.2 MW wind-solar hybrid power plant in Kudligi Taluk, Bellary District, Karnataka. Syngene invested Rs 65 million through equity shares and compulsory convertible debentures as…
Author: PPD Team Date: 15/04/2025 PJM Interconnection has launched a multiyear partnership with Google and Tapestry to apply artificial intelligence (AI) tools aimed at improving grid planning and speeding up the integration of new energy sources. PJM operates the power grid for 67 million people across 13 US states and the District of Columbia. The collaboration will use Google Cloud and Google DeepMind to develop AI models that enhance PJM’s ability to process interconnection requests….
Author: PPD Team Date: 24/12/2024 Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use. Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10 per share. The agreement includes a 20-year Power Purchase Agreement (PPA) under the Captive User…
Author: PPD Team Date: 27/02/2025 Power Mech Projects Limited has secured a Rs 1.65 billion contract from Bharat Heavy Electricals Limited (BHEL) for the 2×800 MW Koderma Thermal Power Expansion Project. The contract covers main supply, design and engineering, mandatory spares, and civil works, including erection and commissioning. The work is expected to be completed within 30 months. Koderma Thermal Power Station, located in Hirodih, Chandwara, Jharkhand, has an existing capacity of 1,000 MW. Unit…
Author: PPD Team Date: 14/07/2025 The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has notified that bonds issued by Indian Renewable Energy Development Agency Ltd. (IREDA) will be treated as ‘long-term specified assets’ under section 54EC of the Income-tax Act, 1961. The notification took effect on July 9, 2025. As per the notification, IREDA bonds that are redeemable after five years and issued on or after the effective date will qualify…
Author: PPD Team Date: 30/10/2024 GE Vernova has secured a contract to supply its 9HA.01 gas turbine for a new 600 MW hydrogen-capable power plant at the Pulau Seraya power station on Jurong Island, Singapore. The project, led by YTL PowerSeraya Group, is set to begin operations by 2027. Initially running on natural gas, the plant will be able to blend up to 50% hydrogen, with a future goal of transitioning to 100% hydrogen fuel…
Author: PPD Team Date: 28/03/2025 Syngene International Limited has increased its stake in O2 Renewable Energy Private Limited II from 26 percent to 33.79 percent. This move strengthens Syngene’s renewable energy consumption strategy while ensuring compliance with captive power requirements under the Electricity Act. The investment supports O2 Renewable Energy’s 201.2 MW wind-solar hybrid power plant in Kudligi Taluk, Bellary District, Karnataka. Syngene invested Rs 65 million through equity shares and compulsory convertible debentures as…
Author: PPD Team Date: 15/04/2025 PJM Interconnection has launched a multiyear partnership with Google and Tapestry to apply artificial intelligence (AI) tools aimed at improving grid planning and speeding up the integration of new energy sources. PJM operates the power grid for 67 million people across 13 US states and the District of Columbia. The collaboration will use Google Cloud and Google DeepMind to develop AI models that enhance PJM’s ability to process interconnection requests….
Author: PPD Team Date: 24/12/2024 Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use. Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10 per share. The agreement includes a 20-year Power Purchase Agreement (PPA) under the Captive User…
Author: PPD Team Date: 27/02/2025 Power Mech Projects Limited has secured a Rs 1.65 billion contract from Bharat Heavy Electricals Limited (BHEL) for the 2×800 MW Koderma Thermal Power Expansion Project. The contract covers main supply, design and engineering, mandatory spares, and civil works, including erection and commissioning. The work is expected to be completed within 30 months. Koderma Thermal Power Station, located in Hirodih, Chandwara, Jharkhand, has an existing capacity of 1,000 MW. Unit…