Author: PPD Team Date: 12/12/2024
NTPC Green Energy Limited has announced plans for a 20,000 MW transmission project in Andhra Pradesh.
This project is intended to support NTPC Green’s forthcoming green hydrogen hub, which will be developed across 647.49 hectares at Pudimadaka.
The transmission network will connect NTPC’s proposed solar project in Anantapur to the hydrogen hub, establishing a dedicated renewable energy (RE) system to facilitate the growth of green hydrogen production.
Author: PPD Team Date: 19/09/2024 Qatar Investment Authority (QIA), with assets valued at $475 billion, is looking to increase its stake in Spain’s leading utility company, Iberdrola, from 8.8% to over 10%, according to local Spanish media reports. This move would further solidify QIA’s position as Iberdrola’s largest shareholder, surpassing BlackRock (5.395%) and Norges (3.115%). QIA began its investment in Iberdrola in 2011 with a 6.16% stake, peaking at 9.7% in 2017. Any increase in…
Author: PPD Team Date: 09/12/2024 The Karnataka Electricity Regulatory Commission (KERC) has simplified rooftop solar installation rules for consumers with sanctioned loads of up to 10 kW. The new guidelines allow a 10 per cent capacity tolerance for direct current (DC) systems, ensuring that the alternating current (AC) capacity of the inverter does not exceed the sanctioned load. Consumers with lower sanctioned loads can now install systems up to 10 kW, with automatic load enhancement…
Author: PPD Team Date: 07/11/2024 The Philippines Department of Energy (DOE) has approved an increase in the registered capacity for the Tanay Wind Power Project, raising it to 128 MW from its initial 112 MW. This expansion allows Alternergy Tanay Wind Corporation, a subsidiary of Alternergy Holdings Corporation, to install 16 wind turbines of 8 MW each, representing the largest onshore wind turbines in the country. The project, with financing of approximately PHP8 billion, is…
Author: PPD Team Date: 20/02/2025 The National Company Law Tribunal (NCLT) has approved JSW Energy Limited’s acquisition of KSK Mahanadi for the 3,600 MW Akaltara (Nariyara) Thermal Power Project. The approval was granted on February 13, 2025. The thermal power project, located in Nariyara, Akaltara, Janjgir-Champa district of Chhattisgarh, is partly operational with 1,800 MW in service. It was developed by KSK Mahanadi Power Company Limited (KMPCL), a special purpose vehicle (SPV). The project’s power…
Author: PPD Team Date: 07/01/2025 Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda. Suzuki will acquire a 26% equity stake, with NDDB retaining 74%. The equity transaction is valued at par, with an initial capital of Rs 3 billion. In the first phase, Suzuki will invest Rs 88.4 million, while NDDB will contribute Rs 251.6…
Author: PPD Team Date: 21/10/2024 Rays Power Infra has secured solar projects worth Rs 9.4 billion, totalling 362 MW, in Rajasthan. Additionally, the company won a 600 KW / 3000 KWh flow battery project from NTPC. Ketan Mehta, MD & CEO, expressed excitement over the projects, emphasizing the company’s leadership and commitment to innovative energy solutions. Since its inception in 2011, Rays Power Infra has been a key player in turnkey solar EPC services, addressing…