Author: PPD Team Date: 13/11/2024
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: 29/04/2025 APTEL partly upholds SEPC’s fixed charge claim against TANGEDCO The Appellate Tribunal for Electricity (APTEL) has partly allowed the Tamil Nadu Generation and Distribution Corporation’s (TANGEDCO) appeal against the Tamil Nadu Electricity Regulatory Commission’s (TNERC) order that had upheld SEPC Power Private Limited’s (SEPC) claim for fixed charges. The case pertains to a power supply dispute under a power purchase agreement (PPA) for a 525 MW imported coal-based thermal…
Author: PPD Team Date: 05/12/2024 India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country targets expanding this to nearly 14 GW. By 2031-32, the goal is to reach 20…
Author: PPD Team Date: 10/09/2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended the tariff-based competitive bidding (TBCB) route for four interstate transmission system (ISTS) schemes, with a total project outlay exceeding Rs 100 billion. These projects are aimed at strengthening India’s power transmission infrastructure, particularly for renewable energy zones and green hydrogen production areas. The first scheme focuses on the augmentation of transformation capacity at the Bidar…
Author: PPD Team Date: 29/04/2025 Hindalco Industries Limited, part of the Aditya Birla Group, has commissioned an electric vehicle (EV) component manufacturing facility in Chakan, Pune. Built at a cost of Rs 5 billion, the plant spans 5 acres and marks Hindalco’s entry into the EV components space. The facility focuses on producing lightweight aluminium battery enclosures, critical for improving EV efficiency and crash resistance. It has an initial annual capacity of 80,000 units, which…
Author: PPD Team Date: 22/05/2025 Indian Institute of Technology (IIT), Kanpur has secured a contract worth Rs 1.47 million to conduct wind tunnel testing for the reinforced cement concrete (RCC) chimney of the 800 MW Sipat Advanced Ultra Super Critical (AUSC) Thermal Power Project Stage-III. The tender was issued by Bharat Heavy Electricals Limited (BHEL) in December 2024. The work is expected to be completed within one year. The 1,600 MW Stage-III project is being…
Author: PPD Team Date: 13/11/2024 Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years. The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy. With over 90GW of current power capacity, largely coal-based, Indonesia is pushing…