Author: PPD Team Date: December 6, 2024
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited.
Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.
The project will operate under a 25-year power purchase agreement with NTPC.
Author: PPD Team Date: November 29, 2024 The Union government approved coal allocation for Madhya Pradesh on 28 November 2024 to establish thermal power plants with a combined capacity of 4,100 MW. This was the first approval for coal allocation in five years, with the last granted in 2019 for plants totaling 1,360 MW. The new power plants are expected to attract investments of Rs 250 billion and create significant direct and indirect employment opportunities,…
Author: PPD Team Date: August 7, 2025 REC Limited and Power Finance Corporation (PFC) have both posted significant profit growth for the first quarter of FY26. REC reported its highest-ever quarterly net profit of Rs 4,451 crore, marking a 29 per cent rise compared to the previous year. Disbursements for the quarter reached Rs 59,508 crore, a 36 per cent increase year-on-year. Project sanctions crossed Rs 1 lakh crore, with distribution projects comprising 43 per…
Author: PPD Team Date: September 23, 2025 THDC India Limited has started commercial operation of the second 660 MW unit at the Khurja Super Thermal Power Project (2×660 MW) in Khurja, Uttar Pradesh. The inauguration of the unit was held on 22 September 2025 through a virtual ceremony led by Manohar Lal, Union Minister of Power, Housing and Urban Affairs. The Khurja project, with a total capacity of 1,320 MW, was built in 14 packages….
Author: PPD Team Date: June 30, 2025 Power Mech Projects Limited has secured contracts to develop a total of 13.66 MW of grid-connected distributed solar power projects in Bihar. The award was announced on June 26, 2025, by the Bihar State Power Generation Company Limited (BSPGCL). The contracts fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically Component C2, which focuses on solarising agricultural and mixed feeders. Three projects will…
Author: PPD Team Date: March 10, 2025 The Australian government has introduced a National Renewable Energy Priority List to expedite approvals for key renewable energy generation, storage, and transmission projects. The initiative, led by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), aims to streamline regulatory processes while ensuring environmental compliance under the Environment Protection and Biodiversity Conservation (EPBC) Act. The first Priority List includes 32 renewable energy projects exceeding 30 MW,…
Author: PPD Team Date: April 24, 2025 Solarworld Energy Solutions and H.G. Infra Engineering have emerged as winners in Gujarat Urja Vikas Nigam Limited’s (GUVNL) Phase VI auction for 500 MW/1,000 MWh of standalone battery energy storage systems (BESS). Solarworld secured 200 MW/400 MWh at a tariff of Rs 280,000 per MW per month. H.G. Infra won 300 MW/600 MWh at Rs 285,600 per MW per month. The auction was launched in January 2025. The…