Author: PPD Team Date: 27/12/2024
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MHI mandates 100 per cent domestic content for key EV components
Author: PPD Team Date: 06/03/2025 The Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement (DCR) for 18 electric vehicle (EV) components across two-wheelers, three-wheelers, and e-buses. This requirement must be met for manufacturers to qualify for subsidies under the PM E-Drive programme. The phased manufacturing programme (PMP) eligibility criteria have been updated to ensure that original equipment manufacturers (OEMs) produce these components locally. The PM E-Drive initiative, with an outlay of…
NTPC achieves fastest ever 300 BU generation milestone
Author: PPD Team Date: 10/12/2024 NTPC Group reached a significant milestone by achieving 300 billion units (BU) of power generation on December 8, 2024, in FY 2024-25, marking the fastest-ever achievement in just 252 days. This accomplishment is 10 days earlier compared to the previous financial year when the company crossed the 300 BU mark on December 18, 2023. The company currently has an installed capacity of 76.5 GW, with over 29.5 GW, including 9.6…
SAS and SES sign Taiwan’s first joint CPPA for offshore wind energy
Author: PPD Team Date: 03/12/2024 Sino-American Silicon Products (SAS) and its subsidiary, Sustainable Energy Solution (SES), have signed a corporate power purchase agreement (CPPA) with Copenhagen Infrastructure Partners’ (CIP) Fengmiao I offshore wind farm, marking Taiwan’s first joint procurement of offshore wind energy by a parent company and its subsidiary. Fengmiao I, located 35 km offshore from Taichung City, will feature 33 advanced wind turbines and is considered a benchmark in Taiwan’s offshore wind development. …
SJVN to develop 1,800 MW pumped hydro project in Chhattisgarh
Author: PPD Team Date: 11/03/2025 SJVN Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh to develop an 1,800 MW pumped hydro storage project (PSP) at Kotpali, with an estimated investment of Rs 95 billion. Located in the Balrampur district, the off-stream closed-loop Kotpali PSP will have an installed capacity of 1,800 MW, generating approximately 3,967 million units (MU) of energy annually. The project is expected to create 5,000 direct and…
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Author: PPD Team Date: 14/01/2025 GenusPlus Group has won a A$270m ($167m) contract from Western Power for the Clean Energy Link – North Region project in Western Australia (WA). This initiative will enhance WA’s electricity network, boosting renewable energy capacity and supporting the state’s net-zero target by 2050. The contract includes designing and constructing two new 132kV and 330kV transmission lines, terminals at Regans Ford and Eneabba, and augmenting the existing Northern and Eneabba 330kV…
Inox Wind reports Rs 902.2 million profit in Q2 FY24, income up 93%
Author: PPD Team Date: 08/11/2024 Inox Wind Limited has announced a net profit of Rs 902.2 million for the quarter ending September 2024, contrasting with a loss of Rs 292.3 million in the same quarter last year. Total income rose significantly, increasing by 93 percent to Rs 7,417.4 million, compared to Rs 3,844 million in the same period the previous year.
MHI mandates 100 per cent domestic content for key EV components
Author: PPD Team Date: 06/03/2025 The Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement (DCR) for 18 electric vehicle (EV) components across two-wheelers, three-wheelers, and e-buses. This requirement must be met for manufacturers to qualify for subsidies under the PM E-Drive programme. The phased manufacturing programme (PMP) eligibility criteria have been updated to ensure that original equipment manufacturers (OEMs) produce these components locally. The PM E-Drive initiative, with an outlay of…