Author: PPD Team Date: 20/12/2024
Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power.
APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 12/02/2025 Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: 30/12/2024 JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances. The renewable energy portfolio includes 2,259 MW…
Author: PPD Team Date: 16/09/2024 DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator. In August 2024, DTEK won a competitive auction to supply…
Author: PPD Team Date: 13/03/2025 Maharashtra State Electricity Distribution Company Limited (MSEDCL) invited bids for the position of national power engineer (power distribution) for the Maharashtra Rural High Voltage Distribution System (HVDS) Project on March 8, 2025. The last date for bid submission is March 14, 2025. The state government and MSEDCL plan to provide new grid-connected agricultural connections through HVDS. The Asian Development Bank (ADB) will fund HVDS planning and development under its result-based…
Author: PPD Team Date: 12/03/2025 At the CERAWeek summit in Houston on Monday, U.S. Energy Secretary Chris Wright stirred the pot by openly criticizing renewable energy and reaffirming the Trump administration’s strong stance on oil and natural gas. His comments, focused on the need for fossil fuels in power generation, painted a picture of a future where renewables simply cannot replace the power provided by fossil fuels like natural gas. Wright made a bold claim,…
Author: PPD Team Date: 21/03/2025 Damodar Valley Corporation (DVC) has announced the DVC Command Area Power Supply Modernization Project to ensure round-the-clock (RTC) quality power and reduce aggregate technical and commercial (AT&C) losses. The project, with an estimated cost of Rs 15 billion, is expected to be completed in 18 months. Covering 24,235 sq km in West Bengal and Jharkhand, the project upgrades DVC’s distribution network with a distribution management system (DMS), outage management system…
Author: PPD Team Date: 12/02/2025 Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: 30/12/2024 JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances. The renewable energy portfolio includes 2,259 MW…
Author: PPD Team Date: 16/09/2024 DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator. In August 2024, DTEK won a competitive auction to supply…
Author: PPD Team Date: 13/03/2025 Maharashtra State Electricity Distribution Company Limited (MSEDCL) invited bids for the position of national power engineer (power distribution) for the Maharashtra Rural High Voltage Distribution System (HVDS) Project on March 8, 2025. The last date for bid submission is March 14, 2025. The state government and MSEDCL plan to provide new grid-connected agricultural connections through HVDS. The Asian Development Bank (ADB) will fund HVDS planning and development under its result-based…
Author: PPD Team Date: 12/03/2025 At the CERAWeek summit in Houston on Monday, U.S. Energy Secretary Chris Wright stirred the pot by openly criticizing renewable energy and reaffirming the Trump administration’s strong stance on oil and natural gas. His comments, focused on the need for fossil fuels in power generation, painted a picture of a future where renewables simply cannot replace the power provided by fossil fuels like natural gas. Wright made a bold claim,…
Author: PPD Team Date: 21/03/2025 Damodar Valley Corporation (DVC) has announced the DVC Command Area Power Supply Modernization Project to ensure round-the-clock (RTC) quality power and reduce aggregate technical and commercial (AT&C) losses. The project, with an estimated cost of Rs 15 billion, is expected to be completed in 18 months. Covering 24,235 sq km in West Bengal and Jharkhand, the project upgrades DVC’s distribution network with a distribution management system (DMS), outage management system…
Author: PPD Team Date: 12/02/2025 Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each. The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: 30/12/2024 JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances. The renewable energy portfolio includes 2,259 MW…