Author: PPD Team Date: December 26, 2024
The Ministry of Power (MoP) has planned to set up a nuclear power plant (NPP) in Kerala, pending the availability of 60.7 hectares of land.
Athirappilly in Thrissur district and Cheemeni in Kasaragod district have been identified as suitable sites for the plant.
Kerala State Electricity Board (KSEB) intends to utilize the thorium reserves along the Kerala coast to establish a thorium-based NPP.
Author: PPD Team Date: January 6, 2025 The Andhra Pradesh government has approved renewable energy projects totalling Rs 27.23 billion. Key initiatives include a 1 million tonne per annum green ammonia facility in Kakinada by AM Green Ammonia (India) Private Limited, to promote eco-friendly fuel production. Additionally, a solar hybrid and battery storage project in Nandyal and Kadapa districts has been approved. Developed by Clean Renewable Energy Hybrid Three Way Limited, it will combine 119…
Author: PPD Team Date: June 5, 2025 Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan…
Author: PPD Team Date: November 11, 2025 Tata Power Company Limited has completed the second tranche of its planned investment in Khorlochhu Hydro Power Limited (KHPL), securing a 40% equity stake in the company developing a 600 MW hydropower project in Bhutan. The latest infusion of Rs 60 crore forms part of a broader acquisition worth about Rs 830 crore. In a filing with the stock exchanges on November 7, 2025, Tata Power stated that…
Author: PPD Team Date: February 10, 2025 Estonia, Latvia, and Lithuania have disconnected their electricity grids from Russia and Belarus, marking a major geopolitical shift more than three decades after leaving the Soviet Union. Efforts to sever ties accelerated after Russia invaded Ukraine in 2022, further straining Moscow’s relationship with the EU. Lithuanian President Gitanas Nausėda called it the final step in eliminating reliance on Russian and Belarusian energy. EU officials, including Ursula von der…
Author: PPD Team Date: July 31, 2025 KEC International Ltd has announced new order wins totalling Rs 1,509 crore across its transmission, transport, and cable businesses, according to a company press release. In its Transmission and Distribution (T&D) segment, the company has secured contracts for 400 kV Quad transmission lines in India and 500/400/220 kV overhead lines in overseas markets. It also received supply orders for towers, hardware, and poles from clients in the Americas…
Author: PPD Team Date: March 28, 2025 TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s climate-focused investing platform. This deal marks the first investment under TPG’s Global South Initiative, a private equity strategy launched with ALTÉRRA to scale climate solutions. MAVCO Investments will also take…