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KKR sells 2.6% stake in India Grid Trust for Rs 2.77 billion

Author: PPD Team Date: 18/12/2024 Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion. KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average...

Sterlite Power raises Rs 7.25 billion to expand global operations

Author: PPD Team Date: 18/12/2024 Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first...

Waaree Energies secures 398 MW solar PV module orders

Author: PPD Team Date: 18/12/2024 Waaree Energies Limited has received orders to supply solar photovoltaic (PV) modules for two projects totalling 398 MW. The orders, awarded by a prominent renewable power developer in India, include 298 MW and 149...

Shakti Pumps invests Rs 40 million in subsidiary SESPL

Author: PPD Team Date: 18/12/2024 Shakti Pumps Limited has invested Rs 40 million in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by subscribing to 40 million equity shares with a face value of Rs 1 each. The...

GE Power secures boiler parts order for Sanjay Gandhi Power Station

Author: PPD Team Date: 17/12/2024 GE Power India Limited has received an extended purchase order from Madhya Pradesh Power Generating Company Limited (MPPGCL) to supply boiler parts at the Sanjay Gandhi Power Station. The order is valued at Rs 182.7...

TNGECL plans 100 MW wind-solar hybrid projects in Tamil Nadu

Author: PPD Team Date: 17/12/2024 Tamil Nadu Green Energy Corporation Limited (TNGECL) plans to develop 100 MW cumulative wind-solar hybrid power projects in the state. The projects are expected to be set up on a design, build, own, operate, and...

BHEL emerges as L1 bidder for EPC contract for Amarkantak thermal power expansion project

Author: PPD Team Date: 17/12/2024 Bharat Heavy Electricals Limited (BHEL) has emerged as the lowest bidder (L1) for the engineering, procurement, and construction (EPC) package of the Amarkantak Thermal Power Expansion Project.  Madhya Pradesh Power...

Sukhbir Agro Energy plans 1,200 MW RE projects in Andhra Pradesh

Author: PPD Team Date: 17/12/2024 Sukhbir Agro Energy Limited (SAEL) is planning to establish 1,200 MW of renewable energy (RE) power projects in Andhra Pradesh. The project will be developed in two phases, with each phase consisting of 600 MW. ...

Surana Technologies signs PPA with MSEDCL for solar projects in Maharashtra

Author: PPD Team Date: 17/12/2024 Surana Technologies Private Limited, a subsidiary of Surana Solar Limited, has signed a power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25 years.  The...

JSWEL signs PPA with Indus Towers for supply of 130 MW solar power

Author: PPD Team Date: 16/12/2024 Indus Towers has signed a power purchase agreement (PPA) with JSW Green Energy Eight and announced an investment of Rs 380.3 million.  The agreement includes procuring 130 MW of renewable energy from a solar...

Andhra Pradesh unveils Sustainable Electric Mobility Policy 4.0

Author: PPD Team Date: 16/12/2024 Andhra Pradesh has launched its Sustainable Electric Mobility Policy 4.0 (2024-2029) to establish itself as a global hub for electric vehicle (EV) manufacturing and achieve carbon neutrality (Scope 1 emissions) by...

Shakti Pumps wins Rs 7.54 billion solar water pump contract from MSEDCL

Author: PPD Team Date: 16/12/2024 Shakti Pumps Limited has secured a contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 25,000 stand-alone off-grid direct current solar photovoltaic water pumping...

Adani Green forms SPVs for renewable energy projects

Author: PPD Team Date: 16/12/2024 Adani Renewable Energy Holding Nine Limited, a subsidiary of Adani Green Energy Limited (AGEL), has established three special purpose vehicles (SPVs) to implement its renewable energy projects.  The SPVs—Adani Green...

G R Infraprojects wins bid for Karnataka Bijapur REZ project

Author: PPD Team Date: 16/12/2024 G R Infraprojects Limited has received a Letter of Intent (LoI) for the Transmission Scheme to integrate the Bijapur Renewable Energy Zone (REZ) in Karnataka.  The project was awarded through a tariff-based...

Ambuja Cements commissions 200 MW solar project in Gujarat

Author: PPD Team Date: 16/12/2024 Ambuja Cements has commissioned its 200 MW solar power project in Khavda, Gujarat, with transmission starting on December 12, 2024.  The remaining 806 MW capacity is under various commissioning stages and is expected...

Powergrid wins bids for Kudankulam and Karnataka RE projects

Author: PPD Team Date: 16/12/2024 Power Grid Corporation of India Limited (PGCIL) has received Letters of Intent (LoI) for two major transmission projects.  These include the transmission system under ISTS for evacuating power from Kudankulam Nuclear...

Rays Green Energy to build solar module and cell plant in Madhya Pradesh

Author: PPD Team Date: 13/12/2024 Rays Green Energy Manufacturing, a subsidiary of Rays Power Infra, will establish a solar module and cell facility in Madhya Pradesh with a total investment of Rs 14 billion.  The plant will include a 1.5 GW solar...

Mizoram launches rooftop solar initiative under PM-SGMBY

Author: PPD Team Date: 13/12/2024 Mizoram’s power and electricity minister has introduced a new initiative under the PM-Surya Ghar Muft Bijli Yojana (PM-SGMBY), enabling households to install rooftop solar systems with substantial government...

SolarSquare secures $40 million to expand rooftop solar operations

Author: PPD Team Date: 13/12/2024 Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round led by Lightspeed, with Lightrock also participating.  Existing investors, including Elevation Capital, Lowercarbon...

Tivolt and Tata Power to develop EV charging infrastructure

Author: PPD Team Date: 13/12/2024 Tivolt Electric Vehicles Private Limited, a subsidiary of TI Clean Mobility, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an electric vehicle charging ecosystem.  Under the agreement, TPREL...

Recent Posts

Fluxys, OQGN to jointly develop hydrogen network in Oman

Author: PPD Team Date: 21/05/2025 Fluxys and OQ Gas Networks SAOG (OQGN) have signed an agreement to...

MNRE clarifies ALMM exemptions for net billing and virtual metering models

Author: PPD Team Date: 21/05/2025 The Ministry of New and Renewable Energy (MNRE) has clarified that...

NTPC invites bids for geotechnical investigation works for nuclear projects

Author: PPD Team Date: 21/05/2025 NTPC Limited has invited bids for enlistment of agencies to carry...

Gepdec Infratech secures substation contract for Lalitpur solar park

Author: PPD Team Date: 21/05/2025 Gepdec Infratech Limited (GIL) has won a contract worth Rs 984.39...

ISGEC wins Rs 1.87 bn ESP upgrade contract at Kolaghat thermal plant

Author: PPD Team Date: 21/05/2025 ISGEC Heavy Engineering Limited has secured a contract valued at...

Siemens secures DCS contract for Suratgarh TPS renovation

Author: PPD Team Date: 21/05/2025 Siemens Limited has won a contract worth Rs 196.58 million for...

Voith Hydro wins Rs 1.65 bn contract for Mankulam hydro project

Author: PPD Team Date: 21/05/2025 Voith Hydro Private Limited has secured a contract valued at Rs...

Andritz secures Rs 1.09 bn contract for GIS work at Teesta-V

Author: PPD Team Date: 21/05/2025 Andritz Hydro Private Limited has secured a contract worth Rs...

Kerala leases land to KMRL for 12 MW solar project in Kasargod

Author: PPD Team Date: 21/05/2025 The Government of Kerala (GoK) has leased 50 acres of land to...

KfW inspect green corridor projects in Madhya Pradesh

Author: PPD Team Date: 21/05/2025 A delegation from KfW Development Bank recently reviewed...