Author: PPD Team Date: December 6, 2024
Reliance Power Limited has recorded a net profit of Rs 28.78 billion for the quarter ended September 2024, reversing a loss of Rs 2.38 billion in the same period last year.
Despite the turnaround, the company’s total income decreased by 7.23 per cent to Rs 19.63 billion during the quarter, compared to Rs 21.16 billion in the corresponding period of 2023.
Author: PPD Team Date: May 14, 2025 The Cabinet of Arunachal Pradesh has approved the formation of NEEPCO Arunachal Hydro Power Corporation, a joint venture between the Government of Arunachal Pradesh (GoAP) and North Eastern Electric Power Corporation Limited (NEEPCO). The JV will implement five hydro electric projects (HEPs) with a combined capacity of 2,626 MW in the state. The approved projects are: 1,000 MW Naying Hydro Electric Project 700 MW Tato-II Hydro Electric Project…
Author: PPD Team Date: May 29, 2025 NHPC Limited has concluded its auction for 125 MW/500 MWh of standalone battery energy storage systems (BESS) to be connected to Kerala’s intrastate transmission network. NTPC Green Energy Limited (NGEL) secured two projects totaling 80 MW/320 MWh. The first project, 40 MW/160 MWh at Pothencode substation, was awarded at a tariff of Rs 457,000 per MW per month. The second, 40 MW/160 MWh at Sreekantapuram substation, was awarded…
Author: PPD Team Date: July 23, 2025 The Chandigarh Administration is expanding its use of floating solar energy with a new 4 MWp plant at the Sector 39 waterworks, as reported by The Tribune.  Chandigarh had earlier commissioned the region’s largest floating solar project, a 2.5 MWp plant at the same site. Another 3 MWp floating plant has been completed and is expected to become operational shortly. Alongside these, the Administration plans to add a…
Author: PPD Team Date: February 19, 2026 Indian clean-technology company Greenzo Energy has signed a strategic memorandum of understanding (MoU) with Lord’s Mark Industries to develop about 60 MW of green hydrogen projects in Uttar Pradesh. The facilities will be located across four cities and will integrate captive solar power and battery storage to support distributed hydrogen production. The projects are planned in Gorakhpur, Aligarh, Jhansi, and Lucknow. Each facility is designed to operate independently…
Author: PPD Team Date: April 4, 2025 ACME Solar Holdings has secured a long-term refinancing facility of Rs 24.91 billion for its operational renewable energy portfolio totaling 490 MW across Andhra Pradesh, Rajasthan, and Punjab. The refinancing has been arranged through the State Bank of India and REC Limited, with a tenure ranging from 18 to 20 years. It will be used to restructure existing debt and lower the financing cost to a weighted average…
Author: PPD Team Date: September 18, 2025 The Maharashtra cabinet has cleared the creation of a joint venture (JV) between Maharashtra State Power Generation Company Limited (Mahagenco) and SJVN Limited to develop 5,000 megawatts (MW) of renewable energy capacity. Under the agreement, SJVN will hold 51 percent equity and Mahagenco 49 percent. The projects will cover pumped storage hydro, solar-wind hybrid systems, floating solar, and green hydrogen-linked ventures. In the first phase, the JV will…