Author: Power Peak Digest Team Pub Date: October 28, 2024 As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Larsen & Toubro (L&T) has secured a ‘significant’ contract, estimated between Rs 10 billion and Rs 25 billion, to implement advanced welding technologies for the ITER Organisation’s...

Author: Power Peak Digest Team Pub Date: October 28, 2024 The Chief Minister Solar Self-Employment Scheme in Uttarakhand has enabled hundreds of locals to set up small solar plants, generating self-employment while bolstering the rural economy. Chief...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Kenya’s high court has suspended a $736 million agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Group’s Adani Energy Solutions to develop and operate...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Convergence Energy Services Limited (CESL) has launched a tender to establish and maintain EV charging stations at seven locations within the Municipal Corporation of Faridabad, Haryana. Bids...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Chennai-based Refex Industries has formed a joint venture with Winvision Enterprises to establish Refex Green Energy Limited (RGEL), focused on wind energy solutions. Refex will hold a 75.5%...

Author: Power Peak Digest Team Pub Date: October 28, 2024 REC Limited has reported strong financial results for Q2 FY25, with a 17% rise in revenue from operations, reaching Rs 135.71 billion, compared to Rs 115.90 billion in the same quarter last...

Author: Power Peak Digest Team Pub Date: October 28, 2024 India has drafted a proposal seeking $70 million in financing from the Climate Investment Funds (CIF) to enhance energy storage systems (ESS) and grid projects under the Renewable Energy...

Author: Power Peak Digest Team Pub Date: October 28, 2024 REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu...

Author: Power Peak Digest Team Pub Date: October 28, 2024 India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes...

Author: Power Peak Digest Team Pub Date: October 28, 2024 JSW Energy has emerged as the top bidder for KSK Mahanadi Power at an auction concluding on October 27, 2024. The Sajjan Jindal-led company offered Rs 159.85 billion to financial creditors...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year. The...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Insolation Green Energy Private Limited has received a purchase order to supply solar photovoltaic (PV) modules for NTPC’s Khavada site in Gujarat.  The order, valued at Rs 2.08 billion...

Author: Power Peak Digest Team Pub Date: October 28, 2024 JSW Steel’s Board has approved an expanded power purchase agreement (PPA) to procure renewable power for a total of 2,507 MW across its sites at Vijayanagar, Dolvi, Salem, and Anjar. Of the...

Author: Power Peak Digest Team Pub Date: October 28, 2024 The Rajasthan government has introduced the Rajasthan Investment Promotion Scheme (RIPS) to enhance renewable energy investments, tapping into its potential of 24.22 GW in solar energy and...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million.  The acquisition, valued at Rs 306 million, is structured as a slump sale...

Author: Power Peak Digest Team Pub Date: October 28, 2024 Schneider Electric has formed a strategic partnership with Noida International Airport to implement advanced building and energy management systems. This collaboration aims to enhance the...

Author: Power Peak Digest Team Pub Date: October 28, 2024 State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period...

Author: Power Peak Digest Team Pub Date: October 28, 2024 JSW Energy reported a consolidated net profit of Rs 8.53 billion for the quarter ended September 2024 (Q2 FY 2025), slightly up from Rs 8.5 billion in the same period last year. The...