Author: PPD Team Date: December 23, 2024
The Board of Directors (BoD) of Kovalam Investment and Trading Company Limited has approved an investment for setting up decentralised solar power projects in Madhya Pradesh.
The decentralised solar power projects would be set up under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme of Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) in the state.
Author: PPD Team Date: December 20, 2024 SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will be used to strengthen the company’s financial position. The company’s board also approved…
Author: PPD Team Date: May 20, 2025 The Government of Andhra Pradesh laid the foundation stone on May 16, 2025, for a 2,800 MWp wind-solar hybrid power project integrated with a 2,000 MWh Battery Energy Storage System (BESS) in Anantapur district. The project is being developed by ReNew Power Ventures Private Limited. The hybrid project will be executed in two phases: Phase I includes 587 MWp of solar, 250 MW of wind, and a 415…
Author: PPD Team Date: March 31, 2025 Electricity prices fell across most major European markets last week, according to AleaSoft Energy Forecasting. The consultancy recorded price declines in Belgium, Britain, the Netherlands, France, Germany, Nordic countries, Portugal, and Spain. Italy was the only exception. In most analyzed markets, weekly average prices dropped below €85 ($91.56)/MWh. However, Britain and Italy remained above this threshold. The British market averaged €107.21/MWh, while Italy had the highest at €123.25/MWh….
Author: PPD Team Date: July 29, 2025 Despite being labelled the “solar capital” of India, the Union Territory of Ladakh has not produced any solar power over the past five years, according to data tabled in the Rajya Sabha. In response to a question by MP Sana Satish Babu, Union Minister for New and Renewable Energy Shripad Yesso Naik confirmed that Ladakh has not generated even one unit of solar electricity between 2020 and 2025….
Author: PPD Team Date: March 2, 2026 The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has recommended environmental clearance for NHPC Limited’s (NHPC) 1,720 MW Kamala Hydroelectric Project in Arunachal Pradesh, while recording concerns over the proposed felling of more than 2.3 million trees. The recommendation was made at the EAC’s 47th meeting. The project, estimated at Rs 23,764 crore, will be developed across Kamle, Kra Daadi and Kurung Kumey districts on…
Author: PPD Team Date: February 13, 2026 Bondada Engineering Limited has entered into a Memorandum of Understanding (MoU) with Dubai-based Bryanston Renewables FZCO to jointly develop green-powered data centres in India and select international markets. The agreement was formalised on February 11, 2026. The MoU sets out a non-binding framework for collaboration between the two companies. It envisages the creation of data centre project packages that are ready for development or deployment, targeting domestic and…