Author: PPD Team Date: 24/12/2024 Chhattisgarh has secured investment proposals worth Rs 151.84 billion from top companies in sectors like semiconductors, electric vehicles (EV), and renewable energy. The highest proposal of Rs 115 billion comes from...

Author: PPD Team Date: 24/12/2024 Union Minister of Power and Housing & Urban Affairs Shri Manohar Lal reviewed the power sector scenario for the Union Territory (UT) of Lakshadweep in Kavaratti.  Shri Praful Patel, Administrator of Lakshadweep...

Author: PPD Team Date: 24/12/2024 The government of Punjab has launched a new initiative under the Clean and Green Renewable Energy project to boost Punjab’s green energy production.  A total of 66 solar projects will be implemented across the state...

Author: PPD Team Date: 24/12/2024 India is set to launch its Critical Mineral Mission in 2025, an initiative to secure essential minerals for the country’s green energy transition and electric vehicle (EV) sector growth.  This mission will bring...

Author: PPD Team Date: 24/12/2024 Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), delivered a keynote address at the Odisha Solar Investor Conclave hosted by GRIDCO in...

Author: PPD Team Date: 24/12/2024 Refex Industries Limited has established a wholly owned subsidiary, Venwind Refex Power Limited, with a subscribed capital of Rs 10 million comprising 100,000 fully paid equity shares at a face value of Rs 10 each...

Author: PPD Team Date: 24/12/2024 Power Grid Corporation of India Limited (PGCIL) and Adani Energy Solutions Ltd have emerged as qualified bidders for the Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part...

Author: PPD Team Date: 24/12/2024 The Bihar Electricity Regulatory Commission (BERC) has released a consultative paper on the draft BERC (Terms and Conditions for Green Energy Open Access) Regulations, 2024. The draft policy enables voluntary...

Author: PPD Team Date: 24/12/2024 The Central Electricity Regulatory Commission (CERC) has issued the CERC (Deviation Settlement Mechanism and Related Matters) (First Amendment) Regulations, 2024.  The amendment addresses implementation challenges...

Author: PPD Team Date: 24/12/2024 SustVest has secured $1.7 million in equity and debt during its Pre-Series A funding round. The round was led by Inflection Point Ventures and Antler, with participation from WEH Ventures, Venture Catalysts...

Author: PPD Team Date: 24/12/2024 NTPC Limited has signed a tripartite memorandum of understanding (MoU) with the Grid Corporation of Odisha (GRIDCO) and Capital Region Urban Transport (CRUT) to promote green hydrogen mobility in Bhubaneswar.  Under...

Author: PPD Team Date: 24/12/2024 ReNew Energy Global has entered into an agreement to sell its entire stake in ReNew Sun Waves Pvt Ltd (RSWPL) to Anzen India Energy Yield Plus Trust for $176 million. RSWPL operates a 300 MW solar asset in Jaisalmer...

Author: PPD Team Date: 24/12/2024 The Nepal Electricity Authority (NEA) has exported electricity valued at Rs 13.04 billion during the first five months of the fiscal year 2024/25. From July 16 to December 15, 2024, approximately 1.76 billion units...

Author: PPD Team Date: 24/12/2024 India and Kuwait have upgraded their relationship to a strategic partnership, focusing on defence, energy, trade, investment, and technology.  During Prime Minister Narendra Modi’s first visit to Kuwait in 43 years...

Author: PPD Team Date: 24/12/2024 Union Minister of Power Shri Manohar Lal reviewed Kerala’s power sector at a meeting in Thiruvananthapuram.  Shri Suresh Gopi, Minister of State for MoPNG & Tourism, and Shri K Krishnankutty, Kerala’s Minister...

Author: PPD Team Date: 24/12/2024 Maharashtra Chief Minister Devendra Fadnavis reaffirmed his government’s commitment to continue providing free electricity to farmers and promote solar energy adoption in the agricultural sector. In the 2024...

Author: PPD Team Date: 24/12/2024 Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability.  Solar energy...

Author: PPD Team Date: 24/12/2024 Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive...

Author: PPD Team Date: 24/12/2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the “Bihar Business Connect 2024” Global...

Author: PPD Team Date: 23/12/2024 Shriram Finance Limited has introduced Shriram Green Finance, a dedicated vertical for funding sustainable projects beyond electric vehicles (EVs).  The initiative will focus on financing EVs, battery charging...