Author: PPD Team Date: November 13, 2024
NHPC Limited has reported a net profit of Rs 10.69 billion for the quarter ending September 2024, marking a 36.86% decline from Rs 16.93 billion in the same quarter the previous year.
However, the company’s total income rose by 9.25% to Rs 34.02 billion during this quarter, compared to Rs 31.14 billion in the corresponding period last year.
Author: PPD Team Date: February 11, 2026 Pace Digitek Limited announced on February 10, 2026 that it has received an award from Karnataka Renewable Energy Development Limited (KREDL) to develop an integrated solar and battery energy storage project at the Pavagada Solar Park in Karnataka. The project involves setting up a 250 MWAC solar photovoltaic (PV) power plant along with a 250 MW / 1,100 MWh Battery Energy Storage System (BESS). The estimated project cost,…
Author: PPD Team Date: July 4, 2025 Oswal Energies Limited has kicked off its Rs 3.2 billion green hydrogen project with the delivery of the first 1 MW electrolyser stack. The equipment, supplied by Greenzo Energy India Limited, marks the start of a 20 MW project being developed under a build-operate-transfer model. The project targets the chemical and fertiliser sectors as end users. Oswal plans to commission plant capacities between 0.5 MW and 5 MW…
Author: PPD Team Date: October 28, 2024 Shell Energy North America (SENA), a subsidiary of Shell, has agreed to acquire a 609 MW, two-unit combined-cycle gas turbine power plant located in Johnston, Rhode Island, US. The purchase agreement has been signed with RISEC Holdings, a subsidiary of EGCO RISEC II, and Carlyle’s subsidiaries, Cogentrix RISEC CPOCP and Cogentrix RISEC CPP II. EGCO RISEC II, part of Thailand’s Electricity Generating Public Company (EGCO), will divest 49%…
Author: PPD Team Date: August 14, 2025 The Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited. The three-year, privately placed investment will fund renewable energy and electric mobility projects in India. According to AIIB, the financing will be used for renewable energy generation such as solar, wind, geothermal, pumped storage, hydrogen production, and energy storage systems. It will also support…
Author: PPD Team Date: September 5, 2025 ANDRITZ has been awarded a contract by Adani Green Energy Ltd (AGEL) to provide equipment for the 1,800 MW Gandikota pumped storage plant (PSP) in YSR Kadapa district, Andhra Pradesh. The company will deliver reversible pump turbines, motor-generators, and related electromechanical systems. This marks the third order AGEL has given ANDRITZ, following the 500 MW Chitravathi project in 2023 and the 1,500 MW Tarali project in June 2025….
Author: PPD Team Date: December 20, 2024 Romanian state-owned nuclear power producer Nuclearelectrica has signed a €1.9 billion ($1.97 billion) engineering, procurement, and construction (EPC) contract to extend the life of Unit 1 at the Cernavoda nuclear power plant. The contract was awarded to a consortium consisting of Ansaldo Nucleare, Candu Energy, AtkinsRéalis, Canadian Commercial Corporation, and Korea Hydro & Nuclear Power (KHNP). Pending approval from the Canadian government and Nuclearelectrica shareholders, the project will…