Power Mech Projects wins Rs 29.4 billion order for Korba thermal project
Author: PPD Team Date: January 3, 2025
Author: PPD Team Date: January 3, 2025
Power Mech Projects has secured a Rs 29.4 billion order from Adani Power for services related to the 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh.
The contract involves overhauling, erection, testing, commissioning, and manpower support for performance guarantee tests of steam generators (SG) for Units 3 and 4.
These activities are essential to ensure operational efficiency and meet technical requirements.
Author: PPD Team Date: January 8, 2025 Trina Solar has set a new world record for solar module efficiency, reaching 25.44% with its n-type, fully passivated HJT modules, certified by Fraunhofer CalLab, Reuters reported. Passivation technology improves solar cell performance by covering surface defects. Higher efficiency can reduce space and costs for solar installations. Professor Martin Green, a solar expert, noted that efficiency is essential for the future of solar technology, with costs typically decreasing…
Author: PPD Team Date: March 11, 2026 India became the world’s largest wind market outside mainland China in 2025, surpassing the United States and Germany, according to BloombergNEF’s (BNEF) Global Wind Turbine Market Shares report. The report states that global wind capacity additions reached a record 169 GW in 2025, marking a 38% increase compared with 2024 and the third consecutive year of record installations. Siddharth Shetty, lead wind analyst for India at BNEF, said…
Author: PPD Team Date: August 19, 2025 GAIL (India) Limited has entered into a joint venture with TruAlt Bioenergy to expand the compressed biogas (CBG) sector. As part of the agreement, GAIL will acquire a 49 per cent equity stake in Leafiniti Bioenergy Private Limited, a wholly owned subsidiary of TruAlt. The transaction is subject to conditions precedent and approval from the Department of Investment and Public Asset Management. The joint venture will set up…
Author: PPD Team Date: February 5, 2025 NTPC Limited has signed a Power Purchase Agreement (PPA) with the Indian Army for the sale of 200 kW round-the-clock renewable energy from a solar-hydrogen-based microgrid in Chushul, Ladakh. The 25-year agreement aims to enhance energy security in remote defence installations and reduce reliance on fuel transportation in challenging terrains. The solar-hydrogen microgrid will replace existing diesel gensets, cutting carbon emissions by 1,500 tonnes annually. This initiative supports…
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: November 28, 2025 Avaada Group plans to invest Rs 1 lakh crore across India over the next five years as it expands its presence in power generation and related businesses. Chairman Vineet Mittal said the group’s solar manufacturing arm has submitted documents to the regulator for its first public share sale. The group employs about 6000 people and intends to add 10000 more in the next three years as new projects…