NTPC begins 37.5 MW operations at Gujarat solar project
Author: PPD Team Date: December 30, 2024
Author: PPD Team Date: December 30, 2024
NTPC Renewable Energy Ltd (NTPC REL), a step-down subsidiary of NTPC Ltd, has commenced commercial operations of 37.5 MW capacity, the first part of its 200 MW Gujarat Solar PV Project in Sadla, Gujarat, effective December 21, 2024.
This addition increases NTPC Group’s total installed and commercial capacity to 76,598.18 MW. NTPC aims to achieve 50% non-fossil fuel-based generation capacity in its portfolio by 2032.
Author: PPD Team Date: October 28, 2024 KEC International has secured new orders worth Rs 11.42 billion across its various business segments: Transmission & Distribution (T&D): Orders for projects in the Middle East and Americas, including a 380 kV transmission line in Saudi Arabia and the supply of towers, hardware, and poles in the Americas. Railways: An order for constructing bridges and associated works for a railway line in India’s conventional segment. Cables: Orders for…
Author: PPD Team Date: May 13, 2025 The National Committee on Transmission (NCT), in its latest meeting, recommended two interstate transmission system (ISTS) projects to the Ministry of Power (MoP) for final clearance. These projects will be implemented under the tariff based competitive bidding (TBCB) route. The first scheme is Inter-Regional Strengthening between SR Grid and ER Grid, with an estimated cost of Rs 27.1 billion. PFC Consulting Limited (PFCCL) has been appointed as the…
Author: PPD Team Date: October 24, 2024 Gensol Engineering Limited has incorporated three new subsidiaries: Innogrid Energy Private Limited, Hari Shakti Energy, and Shakti Sangini Energy Private Limited. Gensol has subscribed to 10,000 equity shares in each subsidiary, representing 100 percent of their total share capital, with an investment of Rs 100,000 per company. These subsidiaries are now wholly-owned by Gensol Engineering.
Author: PPD Team Date: January 20, 2025 Sterling and Wilson Renewable Energy Limited (SWERL) posted a net profit of Rs 0.17 billion for the quarter ending December 2024, recovering from a net loss of Rs 0.62 billion in the same quarter last year. The company’s total income surged by 202.13% to Rs 18.43 billion during the quarter, compared to Rs 6.10 billion in the corresponding period of 2023.
Author: PPD Team Date: July 24, 2025 Iberdrola has completed a €5 billion (USD 5.8 billion) capital raise to support its electricity grid investments in the United States and the United Kingdom. The company issued 331 million new shares through an accelerated bookbuilding process, with the offering 3.8 times oversubscribed. Shares were priced at €15.15 each. This marks Spain’s largest accelerated bookbuild since Banco Santander’s €7.5 billion raise in 2015. The funds will support a…
Author: PPD Team Date: January 21, 2026 Rajgarh III Power Transmission Limited, a project-specific special purpose vehicle (SPV), has been struck off the Register of Companies, effective January 20, 2026. The entity was a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which in turn is a subsidiary of REC Limited. The dissolution follows a decision announced by REC in June 2025 to consolidate two transmission projects in Madhya Pradesh. Rajgarh III…