Author: PPD Team Date: 02/01/2025
Similar Posts
ARYA secures Rs 1 billion to develop CBG projects with IOCL and BPCL
Author: PPD Team Date: 30/10/2024 ARYA, a subsidiary of GPS Renewables, has raised Rs 1 billion in mezzanine financing as part of a Rs 2 billion funding round aimed at establishing compressed biogas (CBG) projects in collaboration with Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The financing was provided by InCred Opportunities Fund and Spark Capital, supporting ARYA’s mission to advance biofuel production and contribute to India’s net zero objectives. In…
Indonesia explores nuclear power technology, renewable energy expansion
Author: PPD Team Date: 03/12/2024 Indonesia is in talks with the US and Russia to acquire nuclear power technology, targeting the operation of nuclear power plants by 2036, as reported by Reuters. Vivi Yulaswati, deputy minister at the Ministry of National Development Planning, revealed that the country is evaluating both small modular reactors and conventional nuclear technology to reduce reliance on fossil fuels. However, Indonesia’s seismic activity poses significant challenges for adopting nuclear energy. Approval…
India, ISA sign pact to implement solar projects in Indo-Pacific region
Author: PPD Team Date: 28/11/2024 India has signed a Project Implementation Agreement (PIA) with the International Solar Alliance (ISA) to execute solar energy projects in Fiji, Comoros, Madagascar, and Seychelles. This initiative, aligned with the Quad Climate Working Group’s agenda, focuses on addressing energy challenges and supporting sustainable development in the Indo-Pacific region. The agreement, formalized on November 26, 2024, supports the Wilmington Declaration made during the Quad Leaders’ Summit, where Quad countries—India, the US,…
PFCCL transfers transmission subsidiaries to Powergrid
Author: PPD Team Date: 12/11/2024 PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited, has transferred two wholly owned subsidiaries, Khavda PSI and 3 Transmission Limited and Barmer I Transmission Limited, to Power Grid Corporation of India Limited (Powergrid) for a total of Rs 268.2 million. Khavda PSI and 3 Transmission Limited was transferred for Rs 79.2 million, and Barmer I Transmission Limited for Rs 189 million. Barmer I Transmission Limited focuses on…
Singapore’s Punggol Digital District to feature first district-level smart grid
Author: PPD Team Date: 07/11/2024 JTC Corporation has appointed Univers and PacificLight Power to develop Singapore’s first district-level smart grid in the Punggol Digital District. The project aims to enhance energy efficiency and integrate renewable energy sources by installing a smart grid powered by a battery energy storage system and solar panels. Once operational, the system is expected to generate over 3,000 MWh of clean energy annually. Scheduled for completion in 2026, the grid will…
SRE Group and MWE form JV for offshore wind project in South Korea
Author: PPD Team Date: 25/11/2024 Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near Geomundo Island in Yeosu City, Jeollanam-do Province. This project marks SRE Group’s debut in South Korea and its second international venture, following its expansion into Northern Kyushu, Japan. The South Korean government has granted an electricity business license…