Author: PPD Team Date: December 11, 2024
Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan.
The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
Author: PPD Team Date: April 17, 2025 Bajaj Electricals has partnered with Slovakia-based SEAK s.r.o. to enhance tunnel lighting systems across India. This collaboration focuses on delivering intelligent lighting control systems using SEAK’s patented powerline communication technology. Bajaj Lighting, a key player in India’s lighting industry, has expertise in indoor, outdoor, architectural, and tunnel lighting. The company has already implemented advanced lighting in projects like the Mumbai Coastal Road Tunnel. This new partnership with SEAK…
Author: PPD Team Date: May 13, 2025 The Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), and ASEAN Infrastructure Fund (AIF) have signed a letter of intent to collaborate on ASEAN-related infrastructure projects. The agreement outlines cooperation on high-impact projects, including the ASEAN Power Grid (APG) and ASEAN Catalytic Green Finance Facility (ACGF). The partnership will focus on project origination, co-financing, technical cooperation, and knowledge sharing. It aims to mobilise joint expertise and financial…
Author: PPD Team Date: January 21, 2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian…
Author: PPD Team Date: December 23, 2024 GE Vernova Inc., through its joint venture KAPES, has been selected by Korea Electric Power Corporation (KEPCO) to provide an advanced high-voltage direct current (HVDC) system for South Korea’s largest power grid infrastructure initiative. KAPES will deliver a HVDC system using Line Commutated Converter (LCC) technology for the 500 kV Donghaean #2 to Dong-Seoul HVDC converter station project (EP2). The project is part of a 4 GW HVDC…
Author: PPD Team Date: December 9, 2025 Mufin Green Finance Limited has raised Rs 900 million through a private placement of secured, rated and listed non convertible debentures. The proceeds will support the company’s rooftop and commercial solar installations, electric mobility initiatives and health insurance premium financing. The company issued 9,000 non convertible debentures priced at Rs 0.1 million each. The instruments carry an 11.75 per cent coupon paid semi annually and have a tenure…
Author: PPD Team Date: December 5, 2024 Adani Energy Solutions (AESL) has been named the preferred bidder for a transmission project under the special purpose vehicle (SPV) “Rajasthan Part-I Power Transmission.” The project, valued at approximately Rs 250 billion, will be AESL’s largest order once officially awarded. The project, tendered through a re-bid process under tariff-based competitive bidding (TBCB), is part of the interstate transmission system (ISTS) named “Transmission system for evacuation of power from…