SECI and PTC India sign MoU for renewables and storage projects
Author: PPD Team Date: January 21, 2026
Author: PPD Team Date: January 21, 2026
Solar Energy Corporation of India (SECI) and PTC India Limited have entered into a strategic partnership to jointly develop renewable energy and energy storage projects. The two entities exchanged a Memorandum of Understanding (MoU) on 19 January 2026.
The MoU sets out a framework for collaboration across renewable energy integration, power market operations, battery energy storage systems (BESS), and structured power products. A key focus of the partnership is the joint development of large scale renewable and storage projects to support grid integration and strengthen market based power solutions.
The MoU was exchanged by SECI Managing Director Akash Tripathi and PTC India Chairman and Managing Director Manoj Kumar Jhawar, in the presence of senior officials from both organisations. The agreement was formally signed by Prashant Soni on behalf of SECI and Bikram Singh on behalf of PTC India.
In a separate accolade, SECI received the ICPA Corporate Social Responsibility Excellence Award from the Integrated Council of Professional Accountants (ICPA). The award was presented on 20 January 2026 in New Delhi, recognising SECI’s work in aligning its corporate social responsibility initiatives with national social empowerment objectives.
Photo Source: PTC India
Author: PPD Team Date: December 15, 2025 The Union Cabinet has approved the Atomic Energy Bill, 2025, also known as the SHANTI Act, enabling private-sector participation in India’s nuclear energy sector for the first time. The bill, formally titled Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI), is scheduled to be tabled in Parliament this week. It marks the first major reform of nuclear sector laws since the Atomic Energy Act, 1962…
Author: PPD Team Date: December 19, 2024 Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan. Jindal Renewables is developing around 3 GW of renewable energy assets with power off-take agreements in place. By 2030, the company plans to expand its portfolio to 12 GW, including storage facilities and green hydrogen production. Grew Energy, a venture of Chiripal Group, manufactures solar modules with a…
Author: PPD Team Date: October 9, 2025 The World Bank has announced a $2.5 billion initiative to help East Asia and Pacific countries decarbonise their power sectors, with a focus on scaling up renewable energy. The program will be implemented through the Multiphase Programmatic Approach (MPA), launched in 2024. The MPA provides financing from IDA and IBRD to support policy development, strengthen institutions, and fund transmission infrastructure for renewable energy integration. It also aims to…
Author: PPD Team Date: November 21, 2024 The Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) for five independent power producer (IPP) projects, totalling 9.2GW in capacity, as reported by Zawya. The projects include thermal and solar photovoltaic (PV) power initiatives, with a combined investment of 35 billion Saudi riyals ($9.3 billion), supporting Saudi Vision 2030 goals for a balanced energy mix. The thermal projects, Rumah 1 and 2 and Nairyah 1…
Author: PPD Team Date: September 3, 2025 Greenzo Energy India Limited has received an order from Jindal Stainless Limited (JSL) to develop an electrolyser-based green hydrogen facility at JSL’s Kalinga Nagar Industrial Complex in Jajpur, Odisha. The contract covers the supply, erection, installation, and commissioning of the plant. It is designed to produce 472,409 kilograms of green hydrogen annually and is expected to be delivered within six months of signing. The facility will start with…
Author: PPD Team Date: October 9, 2025 The Ministry of New and Renewable Energy (MNRE) has issued a detailed payment release procedure for the Utility Led Aggregation (ULA) model under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY). The Office Memorandum dated October 6, 2025, specifies that Central Financial Assistance (CFA) will be disbursed only after verification of installation and commissioning, with no advance payments allowed. Under the new process, the State, Utility, or…