Author: PPD Team Date: October 30, 2024
NLC India Limited has posted a net profit of Rs 9.82 billion for the quarter ending September 2024, marking a 9.58% decrease from the Rs 10.86 billion reported in the same period last year.Â
However, the company’s total income rose by approximately 35%, reaching Rs 43.70 billion for the quarter, compared to Rs 32.34 billion in the corresponding period of the previous year.
Author: PPD Team Date: August 11, 2025 Coal India Limited (CIL) has permitted the sale of unrequisitioned surplus (URS) electricity generated by thermal power plants using its linkage coal under long and medium-term fuel supply agreements (FSAs) in power exchanges and markets. Under earlier rules, such surplus generation could only be supplied under power purchase agreements (PPAs) and could not be sold in the market. The restriction has now been removed through a revision to…
Author: PPD Team Date: February 12, 2026 EVE Energy Co. has commenced operations at a 400 MWh energy storage facility in Hebei province, China, deploying its 628Ah ultra-large battery cells at grid scale for the first time. The project marks the transition of the technology from pilot testing to commercial application. The facility forms part of the Ruite New Energy Lingshou 200MW/400MWh independent energy storage project. It comprises 80 units of the company’s Mr. Giant…
Author: PPD Team Date: January 12, 2026 The United States has announced its withdrawal from the United Nations Framework Convention on Climate Change (UNFCCC) and more than 60 international treaties and organisations, stating that these memberships no longer align with U.S. interests. The exit covers several major climate and energy institutions. These include the UNFCCC, the 1992 treaty that underpins global climate cooperation, the Intergovernmental Panel on Climate Change (IPCC), the International Renewable Energy Agency…
Author: PPD Team Date: October 15, 2024 Ahead of the 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, global leaders gathered in Baku, Azerbaijan, for the pre-COP meeting from 10–11 October. The session, titled Enhance Ambition and Enable Action, aimed to progress key negotiations before the main summit in November. The event is focused on limiting global warming to 1.5°C, as per the 2015 Paris Agreement. A key priority…
Author: PPD Team Date: May 5, 2025 JSW Neo Energy Limited, a subsidiary of JSW Energy, has signed a power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) for 1,500 MW/12,000 MWh of pumped hydro storage projects (PHSPs) in Sonbhadra district, Uttar Pradesh. The agreement spans 40 years with a fixed annual capacity charge of Rs 7.72 million per MW. The PHSPs will enable a scheduled discharge of 8 hours per day, with…
Author: PPD Team Date: May 21, 2025 The Ministry of New and Renewable Energy (MNRE) has clarified that net billing, virtual net metering, and group net metering will be treated at par with net metering under the Approved List of Models and Manufacturers (ALMM) List-II. Currently, ALMM List-II covers only solar modules. However, starting June 2026, it will also include solar cells. In its clarification, MNRE stated that virtual and group net metering involve either…