Author: PPD Team Date: January 2, 2025
Promax Power has secured a Rs 554.3 million contract to design, supply, erect, test, and commission 132/33 kV substations and associated 132 kV bays.
The project includes developing four 132 kV substations with fully equipped control room buildings, installing four 132/33 kV 31.5 MVA transformers, and constructing three 132 kV substation bays.
Author: PPD Team Date: July 15, 2025 The National Stock Exchange (NSE) successfully launched its Monthly Electricity Futures (ELECMBL) contracts on 14 July 2025, recording a total turnover of Rs 177.24 crore by the end of the first trading day. More than 8,100 contracts were traded, reflecting strong early interest in India’s newest power market instrument. By 2:00 PM on Monday, over 4,000 lots had already been traded, representing more than 200 million units of…
Author: PPD Team Date: December 24, 2024 Refex Industries Limited has established a wholly owned subsidiary, Venwind Refex Power Limited, with a subscribed capital of Rs 10 million comprising 100,000 fully paid equity shares at a face value of Rs 10 each. The subsidiary will focus on trading, manufacturing, production, assembly, distribution, and marketing of sustainable energy assets and their components. It will also offer consulting, engineering, procurement, and construction (EPC) services, along with managing…
Author: PPD Team Date: November 19, 2025 The Ministry of Power held a meeting of its Parliamentary Consultative Committee in Kurnool district, Andhra Pradesh, to review India’s plans for pumped storage projects. Union Power Minister Manohar Lal led the discussion and highlighted the role of PSPs in storing surplus renewable energy and maintaining grid stability during evening and night hours. The Minister noted that reservoir evaporation is a concern for long term PSP performance. He…
Author: PPD Team Date: February 25, 2025 Tata Power Central Odisha Distribution Limited (TPCODL) and Tata Power Western Odisha Distribution Limited (TPWODL) have signed an agreement with Grid Corporation of Odisha (GRIDCO) and Suryam International Private Limited to develop 21.46 MW of solar power projects in Odisha. These projects will be installed near pooling substations (PSS) under component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program. The projects will be…
Author: PPD Team Date: December 24, 2024 The government of Punjab has launched a new initiative under the Clean and Green Renewable Energy project to boost Punjab’s green energy production. A total of 66 solar projects will be implemented across the state by December 2025, generating 264 MW of renewable energy. The Punjab government has signed a 25-year agreement with VP Solar Generation Company, the winning bidder, to oversee the installation of solar plants. Each…
Author: PPD Team Date: January 12, 2026 The Solar Energy Corporation of India (SECI) has finalized the award of its 1,200 MW solar tender integrated with a 600 MW / 3,600 MWh battery energy storage system (BESS). The projects will be developed under 25 year power purchase agreements (PPAs) to supply dispatchable renewable power. Four companies have emerged as successful bidders. NLC India Limited (NLC India) secured the largest allocation of 600 MW. Oriana Power…