Author: PPD Team Date: 06/12/2024
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: 28/11/2024 Alfanar Projects has entered into agreements exceeding SAR 20 billion with the Saudi Electricity Company (SEC) to advance Saudi Arabia’s energy sector. Formalized during the Energy Localization Forum by the Ministry of Energy, these contracts underscore the nation’s commitment to sustainable energy infrastructure and self-reliance. A key initiative involves developing the Middle East and North Africa’s largest high-voltage direct current (HVDC) converter station in partnership with China Electric Power Equipment…
Author: PPD Team Date: 08/01/2025 On January 7, 2025, NTPC Limited incorporated NTPC Parmanu Urja Nigam Limited (NPUNL), a special purpose vehicle (SPV) for the implementation of Nuclear Power Plants (NPPs). The Ministry of Power (MoP) has confirmed the approval for the SPV formation, with concurrence from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog. The NPUNL will focus on planning and executing an integrated program to harness nuclear energy for…
Author: PPD Team Date: 03/12/2024 Bharat Petroleum Corporation Limited (BPCL) and Coal India Limited (CIL) signed a non-binding memorandum of understanding (MoU) on December 2, 2024, in Mumbai. The collaboration aims to explore the development of a coal-to-synthetic natural gas (SNG) project using surface coal gasification at Western Coalfields (WCL). Surface coal gasification transforms coal into synthetic natural gas, providing a cleaner alternative to traditional coal-based energy.
Author: PPD Team Date: 14/01/2025 Solar inverter manufacturer Deye has launched the AE-F(S)2.0-2H2 Micro Hybrid energy storage system (ESS), an all-in-one unit combining an energy storage micro-inverter, battery modules, and a battery management system (BMS). Designed for home and outdoor applications, the system offers 24/7 intelligent monitoring and power management through Lora smart communication and an intuitive app interface. The system includes a 2 kWh lithium iron phosphate (LFP) battery, expandable to 10 kWh, with…
Author: PPD Team Date: 16/12/2024 Kazakhstan Electricity Grid Operating Company (KEGOC) has signed loan agreements with the European Bank for Reconstruction and Development (EBRD) and the Development Bank of Kazakhstan for a total of KZT141 billion. Of this, up to KZT32 billion is from the Development Bank of Kazakhstan. The funds will support the West Kazakhstan Electricity Interconnection Project, which includes constructing the 604.3 km, 500 kV Karabatan–Ulke transmission line along the Atyrau-Aktobe motorway, expanding…
Author: PPD Team Date: 17/01/2025 Lubi Industries has secured a contract from Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC electric vehicle (EV) chargers across India. These chargers, with a 60 kW capacity, will be installed at BPCL retail outlets to provide reliable and efficient charging solutions for EV users. This project represents a significant portion of the annual DC charger installations in India and supports the country’s expanding…