NTPC Green Energy and MAHAGENCO form JV for renewable energy parks
Author: PPD Team Date: November 26, 2024
Author: PPD Team Date: November 26, 2024
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL).
The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.
Author: PPD Team Date: May 30, 2025 ACME Pokhran Solar Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, commissioned 26.4 MW capacity under Phase-I of its 50 MW wind power project in Shapar, Gujarat. The commissioning took place on May 25, 2025. The project is part of the Gujarat Grid-Connected Wind Power Project (Phase III) awarded by Gujarat Urja Vikas Nigam Limited (GUVNL). ACME Solar secured the 50 MW capacity in July…
Author: PPD Team Date: July 31, 2025 Reliance Group has secured board approvals from Reliance Infrastructure and Reliance Power to raise Rs 180 billion through a mix of equity and debt to support its expansion into the power and renewable energy sectors. According to the company’s release, the fundraising will enable the group to execute its next phase of growth, which includes a strategic focus on clean energy, conventional power, and defence manufacturing. Reliance Power…
Author: PPD Team Date: October 28, 2025 Saft, a subsidiary of TotalEnergies, has secured a major contract with Foxwell Power Company in Taichung, Taiwan, to deliver a 356 MWh lithium-ion battery energy storage system. The project, Saft’s eleventh in Taiwan, will expand the company’s installed base in the country to 630 MWh. The Taichung project, developed by Foxwell Power, a subsidiary of Shinfox Energy, will begin at the end of 2025 and continue through 2026….
Author: PPD Team Date: August 12, 2025 Solar Energy Corporation of India (SECI) recorded a 15% increase in net profit to Rs 501.92 crore in FY 2024-25, supported by higher revenue. Revenue from operations was Rs 15,185.10 crore, compared with Rs 13,035.07 crore in FY 2023-24. SJVN Limited reported consolidated net profit of Rs 227.8 crore for the June 2025 quarter, down 36.2% year-on-year. Revenue from operations grew 5.4% to Rs 917.5 crore, while EBITDA…
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 16, 2025 Tata Power has received a Letter of Intent from REC Power Development and Consultancy Limited (RECPDCL) for the acquisition of Jejuri Hinjevadi Power Transmission Limited, a project special purpose vehicle. The project has been awarded on a Build-Own-Operate-Transfer basis. It involves the construction of around 115 km of a 400 kV double-circuit transmission line connecting Jejuri and Hinjevadi. The scope also includes the extension of substation bays at…