Rajasthan and UAE sign MoU for Rs 3 trillion investment in 60 GW RE projects
Author: PPD Team Date: 25/10/2024
Author: PPD Team Date: 25/10/2024
The Rajasthan government has signed a memorandum of understanding (MoU) with the United Arab Emirates (UAE) for an investment of Rs 3 trillion to develop renewable energy projects with a combined capacity of 60 GW in solar, wind, and hybrid energy across western Rajasthan.
The UAE will appoint a qualified developer to manage project governance and administration, ensuring efficient and swift implementation.
Author: PPD Team Date: 21/01/2025 Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6 MWh, with Engineers India Limited serving as the project consultant. The use of LFP batteries…
Author: PPD Team Date: 24/06/2025 Adani Power Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai bench, to acquire Vidarbha Industries Power Limited (VIPL). The acquisition is valued at Rs 40 billion and is expected to close by July 17, 2025. Adani Power received the letter of intent (LoI) for the deal from the resolution professional on February 24, 2025. VIPL, a wholly owned subsidiary of Reliance Power Limited, developed the 600…
Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
Author: PPD Team Date: 04/06/2025 The Atomic Energy Regulatory Board (AERB) has approved the site for the proposed 2,800 MW Mahi Banswara Nuclear Power Project in Rajasthan. The project will be developed by a joint venture between NTPC Limited and Nuclear Power Corporation of India Limited (NPCIL), with NTPC holding a 49% stake and NPCIL 51%. The estimated cost of the project is Rs 504 billion. The project involves the construction of four units of…
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,…
Author: PPD Team Date: 12/12/2024 Montenegro aims to shut down the Pljevlja coal power plant by 2041 as part of its draft National Energy and Climate Plan (NECP). The plan was submitted by the Ministry of Energy to the Energy Community Secretariat for review. Minister of Energy Saša Mujović stated that achieving the NECP goals would require EUR 1.1 billion, posing a significant financial burden. Given this, Montenegro is requesting a revision of its 2030…
Author: PPD Team Date: 21/01/2025 Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6 MWh, with Engineers India Limited serving as the project consultant. The use of LFP batteries…
Author: PPD Team Date: 24/06/2025 Adani Power Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai bench, to acquire Vidarbha Industries Power Limited (VIPL). The acquisition is valued at Rs 40 billion and is expected to close by July 17, 2025. Adani Power received the letter of intent (LoI) for the deal from the resolution professional on February 24, 2025. VIPL, a wholly owned subsidiary of Reliance Power Limited, developed the 600…
Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
Author: PPD Team Date: 04/06/2025 The Atomic Energy Regulatory Board (AERB) has approved the site for the proposed 2,800 MW Mahi Banswara Nuclear Power Project in Rajasthan. The project will be developed by a joint venture between NTPC Limited and Nuclear Power Corporation of India Limited (NPCIL), with NTPC holding a 49% stake and NPCIL 51%. The estimated cost of the project is Rs 504 billion. The project involves the construction of four units of…
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,…
Author: PPD Team Date: 12/12/2024 Montenegro aims to shut down the Pljevlja coal power plant by 2041 as part of its draft National Energy and Climate Plan (NECP). The plan was submitted by the Ministry of Energy to the Energy Community Secretariat for review. Minister of Energy Saša Mujović stated that achieving the NECP goals would require EUR 1.1 billion, posing a significant financial burden. Given this, Montenegro is requesting a revision of its 2030…
Author: PPD Team Date: 21/01/2025 Bharat Petroleum Corporation Limited (BPCL) has partnered with Volks Energie to develop India’s first solar power plant integrated with Lithium Iron Phosphate (LFP) Battery Energy Storage Systems (BESS) for oil and gas pipelines. The project will span 14 strategic locations across Andhra Pradesh and Telangana. Volks Energie will deploy a combined battery capacity of 1.6 MWh, with Engineers India Limited serving as the project consultant. The use of LFP batteries…
Author: PPD Team Date: 24/06/2025 Adani Power Limited has received approval from the National Company Law Tribunal (NCLT), Mumbai bench, to acquire Vidarbha Industries Power Limited (VIPL). The acquisition is valued at Rs 40 billion and is expected to close by July 17, 2025. Adani Power received the letter of intent (LoI) for the deal from the resolution professional on February 24, 2025. VIPL, a wholly owned subsidiary of Reliance Power Limited, developed the 600…