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: October 6, 2025 The National Capital Region Transport Corporation (NCRTC) has added a second draw point at the Muradnagar receiving substation to expand its electricity procurement through Power Exchange India Limited. The move is part of its arrangement with PTC India Limited to buy power through exchanges for the Regional Rapid Transit System (RRTS). The existing Ghaziabad draw point is expected to save over Rs 30 million annually, with a similar…
Author: PPD Team Date: September 18, 2025 Zimbabwe has signed a 15-year concession agreement with Jindal Africa, a subsidiary of India’s Jindal Steel, to rehabilitate the 920 megawatt (MW) coal-fired Hwange thermal power station. The deal is valued at $455 million. According to the country’s energy minister July Moyo, the project will focus on overhauling six ageing units within four years. Under the arrangement, Jindal will finance, refurbish, and operate the units for 15 years…
Author: PPD Team Date: September 19, 2025 Prime Minister Narendra Modi will lay the foundation stone for the Mahi-Banswara Nuclear Power Plant in Rajasthan on September 25. He will also inaugurate and dedicate projects worth over Rs 1.21 lakh crore, including clean energy initiatives. The nuclear project marks NTPC Limited’s entry into the atomic energy sector. The Mahi-Banswara Rajasthan Atomic Power Plant will be developed through a joint venture between Nuclear Power Corporation of India…
Author: PPD Team Date: November 26, 2025 The Ministry of Power has advanced work on a national DPI for the energy sector through a meeting of the India Energy Stack Taskforce on November 24. The group reviewed key strategy and architecture documents that will guide the creation of a unified digital backbone for the full power value chain. The meeting examined the draft Strategy Document version 0.1 and the Architecture Document version 0.1. REC Limited…
Author: PPD Team Date: April 15, 2025 Iraq has signed three memoranda of understanding (MoUs) with US entities to develop large-scale energy projects for reducing dependence on Iranian imports and diversifying its power sources. The Iraqi prime minister’s media office announced the agreements as part of the country’s broader energy strategy. Under the first MoU, GE Vernova will develop combined-cycle gas power plants with a total capacity of 24 GW. This is expected to be…
Author: PPD Team Date: July 28, 2025 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) for the development of battery energy storage and renewable energy projects in Bihar. The agreement was signed on July 26, 2025, as per the press release. NGEL CEO Sarit Maheswari and BSPGCL Director Technical Abdesh Kumar Singh signed the MoU in the presence…