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Greenko’s new pumped storage projects in Assam, MP, Odisha

Author: PPD Team Date: 28/02/2025 Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an...

TP Solar secures 292.5 MWp module supply contract from SECI

Author: PPD Team Date: 28/02/2025 TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL), has secured a contract from the Solar Energy Corporation of India Limited (SECI) to supply 292.5 MWp of Domestic Content Requirement...

Servotech and CIMSME to install 100,000 solar rooftops

Author: PPD Team Date: 28/02/2025 Servotech Renewable Power System Ltd. and the Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) have signed a Memorandum of Understanding (MoU) to promote solar energy adoption across India.  Under the...

Shakti Pumps invests Rs 600 million in EV mobility subsidiary

Author: PPD Team Date: 28/02/2025 Shakti Pumps Limited has invested Rs 600 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 6 million equity shares with a face value of Rs 10 each. Last...

KP Energy fully commissions 28.6 MW wind power project in Gujarat

Author: PPD Team Date: 28/02/2025 KP Energy Limited has commissioned a 2.8 MW wind turbine generator (WTG) under its 28.6 MW wind power project at Vagra in Bharuch, Gujarat, on February 22, 2025, marking the full completion of the project. The...

Adani Green and Madhav Infra commission solar projects in Gujarat

Author: PPD Team Date: 28/02/2025 Adani Green Energy Twenty Six B Limited, a subsidiary of Adani Green Energy Limited (AGEL), has commenced commercial operations for a 67 MW solar power project under the 30,000 MW Khavda Wind-Solar Hybrid Power Park...

Madhya Pradesh secures MoUs for RE projects at Global Investors Summit

Author: PPD Team Date: 28/02/2025 Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their...

Waaree and Bhagyanagar secure solar contracts

Author: PPD Team Date: 28/02/2025 Waaree Renewable Energy Technologies Limited has secured a contract from ABREL EPC Limited, a subsidiary of Aditya Birla Renewables Limited, for supplying solar photovoltaic (PV) modules for a 410 MWp solar power...

Adani Green wins 1,250 MW pumped storage project in Uttar Pradesh

Author: PPD Team Date: 28/02/2025 Adani Saur Urja (LA) Limited, a subsidiary of Adani Green Energy Limited (AGEL), has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for energy storage capacity from the 1,250 MW...

MNRE proposes REEFO for consistent RE funding

Author: PPD Team Date: 27/02/2025 The Ministry of New and Renewable Energy (MNRE) has proposed a renewable energy financing obligation (REEFO) to ensure dedicated financial support for India’s renewable energy sector. Similar to Renewable Purchase...

Torrent Green forms five new subsidiaries for RE projects

Author: PPD Team Date: 27/02/2025 Torrent Green Energy Private Limited (TGEPL), a wholly-owned subsidiary of Torrent Power Limited (TPL), has incorporated five subsidiaries to implement renewable energy (RE) projects in India. The new subsidiaries...

Gensol Engineering plans Rs 3.5 billion sale of US subsidiary

Author: PPD Team Date: 27/02/2025 Gensol Engineering Limited has signed a non-binding term sheet for a Rs 3.5 billion strategic transaction to sell its US subsidiary, Scorpius Trackers, to a major renewable energy solutions provider in the US.  The...

IRFC sanctions loan to NTPC REL for renewable energy projects

Author: PPD Team Date: 27/02/2025 Indian Railway Finance Corporation (IRFC) has sanctioned a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited.   In January 2025, NTPC REL invited...

IREDA to raise Rs 50 billion via QIP

Author: PPD Team Date: 27/02/2025 The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally...

Jyoti Structures secures Rs 4 bn contract for Adani’s 765 kV transmission line

Author: PPD Team Date: 27/02/2025 Jyoti Structures Limited has received a Rs 3.89 billion Notification of Award (NoA) from Adani Energy Solutions Limited (AESL) for the 765 kV DC transmission line 1B of Boisar II-Pune III.  The contract includes...

Adani, Tata Power to invest Rs 800 billion in Assam’s infrastructure

Author: PPD Team Date: 27/02/2025 Adani Group has announced an investment of Rs 500 billion in Assam for airports, aerocities, city gas distribution, power transmission, cement, and road projects.  The announcement was made at the Advantage Assam 2.0...

Power Mech secures Rs 1.65 billion contract for Koderma power expansion

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...

SECL commissions rapid loading system at Dipka

Author: PPD Team Date: 27/02/2025   South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited, has commissioned a rapid loading system and silos at its Dipka megaproject in Chhattisgarh under the First Mile Connectivity (FMC)...

Adani Power receives LoI to acquire Vidarbha Industries Power

Author: PPD Team Date: 26/02/2025 Adani Power Limited received a letter of intent (LoI) from the resolution professional to acquire Vidarbha Industries Power Limited (VIPL) on 24 February 2025.  The acquisition is subject to the terms of the LoI and...

APGCL and Oil India form JV for renewable energy projects

Author: PPD Team Date: 26/02/2025 Assam Power Generation Corporation Limited (APGCL) and Oil India Limited (OIL) have established a joint venture (JV) named APGCL OIL Green Power Limited to develop renewable energy projects in Assam. The JV will...

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Nigeria cuts electricity subsidy burden by 35% after tariff hike

Author: PPD Team Date: 22/04/2025 Nigeria has reduced its electricity subsidies by 35% following a...

Vietnam plans $136.3bn shift to renewables and nuclear by 2030

Author: PPD Team Date: 22/04/2025 Vietnam will invest $136.3 billion in its power sector by 2030 to...

Punjab releases draft green hydrogen policy targeting 100 ktpa by 2030

Author: PPD Team Date: 22/04/2025 The Punjab Energy Development Agency has released a draft green...

KP Energy commissions 23.1 MW wind project for ABREL in Bhavnagar

Author: PPD Team Date: 22/04/2025 KP Energy Limited commissioned a 23.1 MW wind power project in...

Centre inaugurates 975 MW solar project by ReNew in Jaisalmer

Author: PPD Team Date: 22/04/2025 The Central government inaugurated the 975 MW/1,300 MWp Rajasthan...

Blupine’s SPV signs 25-year solar PPA with SECI for 150 MW project in Rajasthan

Author: PPD Team Date: 22/04/2025 Blupine Energy’s special purpose vehicle, Solarcraft Power India...

Power Sector News Roundup for April 21, 2025

Author: PPD Team Date: 22/04/2025 Global: EDF Renewables commissions South Africa’s first...

L&T emerges as lowest bidder for reactor and turbine works at Kudankulam 5 & 6

Author: PPD Team Date: 21/04/2025 Larsen & Toubro Limited (L&T) has emerged as the lowest...

PGCIL Declares COD for Western Region Expansion Scheme-XXVII

Author: PPD Team Date: 21/04/2025 Power Grid Corporation of India Limited (PGCIL) has declared the...

1,600 MW Mirzapur Thermal Power Plant (Adani)

Author: PPD Team Date: 21/04/2025 The Mirzapur Thermal Project involves the development of a...