Author: Power Peak Digest Team Pub Date: October 18, 2024 Polycab India Ltd reported significant growth in its wire and cable business for Q2 FY25 (July to September). The company’s wire and cable revenue rose 23% year-on-year to Rs 46.07 billion...

Author: Power Peak Digest Team Pub Date: October 18, 2024 Netinium and Wirepas have announced a partnership to enable scalable and standardized smart metering solutions for utilities globally.  The collaboration leverages Wirepas’ non-cellular 5G RF...

Author: Power Peak Digest Team Pub Date: October 18, 2024 According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching...

Author: Power Peak Digest Team Pub Date: October 18, 2024 Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America.  The partnership aims to...

Author: Power Peak Digest Team Pub Date: October 18, 2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024.  The report highlights...

Author: Power Peak Digest Team Pub Date: October 18, 2024 PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority...

Author: Power Peak Digest Team Pub Date: October 17, 2024 KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Maharashtra State Electricity Distribution Company (MSEDCL) has selected JSW Neo Energy, Tata Power Renewable Energy Limited (TPREL), Avaada Energy, and Juniper Green Energy as the winners of...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Indian Oil Corporation (IOCL) has partnered with EverEnviro Resource Management to establish a joint venture (JV) focused on converting organic waste into compressed biogas (CBG).  The two...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Waaree Energies has announced its initial public offering (IPO), set to launch on October 21, 2024. The anchor investor bidding will open on October 18, and the offer will close on October 23...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Larsen & Toubro (L&T) has been declared the lowest bidder by NTPC for the main plant package of super thermal power plants (STPPs) at Gadarwara in Madhya Pradesh, Telangana, and...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Damodar Valley Corporation (DVC) has emerged as the highest bidder in the auction for Hiranmaye Energy’s assets, offering Rs 15 billion, surpassing the reserve price of Rs 13 billion. ...

Author: Power Peak Digest Team Pub Date: October 17, 2024 The European Energy Exchange (EEX), Indian Gas Exchange (IGX), and GIZ (Gesellschaft für Internationale Zusammenarbeit) have signed an agreement to establish a hydrogen trading market in...

Author: Power Peak Digest Team Pub Date: October 17, 2024 KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects.  The agreement includes a 250 MWAC (275...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Purvah Green Power Private Limited (PGPPL), a wholly owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in Deshraj Solar Energy...

Author: Power Peak Digest Team Pub Date: October 17, 2024 The Ministry of New and Renewable Energy (MNRE) has clarified that its Approved List of Models and Manufacturers (ALMM) order does not apply to open access and net-metering solar projects that...

Author: Power Peak Digest Team Pub Date: October 17, 2024 Avaada Energy, part of Avaada Group, has secured approximately Rs 5.97 billion in refinancing for its commercial and industrial (C&I) solar projects in Karnataka and Maharashtra.  The...

Author: Power Peak Digest Team Pub Date: October 17, 2024 The Central Electricity Authority (CEA) concluded its two-day Brainstorming Conclave on the ‘Indian Power Sector Scenario 2047’ in New Delhi on October 14-15, 2024. The event, attended by over...

Author: Power Peak Digest Team Pub Date: October 17, 2024 PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project...

Author: Power Peak Digest Team Pub Date: October 17, 2024 The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,094 MW of solar module capacity, bringing the total capacity to...