Servotech secures solar pump order in Uttar Pradesh
Author: PPD Team Date: December 31, 2024
Author: PPD Team Date: December 31, 2024
Servotech Renewable Power System Limited has secured an order to install 1,094 grid-connected solar-powered agriculture pumps under the PM KUSUM Scheme’s Component C-1.
The Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA) awarded the project, valued at approximately Rs 310 million.
The project includes manufacturing, supply, installation, testing, and commissioning of solar pumps, along with solar power plants. Servotech will also provide a five-year warranty and maintenance service. The pumps, with capacities of 2 HP to 5 HP, will be paired with solar power plants of 3 kW, 4.5 kW, and 7.5 kW across Uttar Pradesh.
Author: PPD Team Date: February 25, 2026 NTPC Limited, in consortium with Maharashtra State Power Generation Company Limited (MAHAGENCO), completed the acquisition of Sinnar Thermal Power Limited (STPL) on February 24, 2026. The transaction was executed under a Resolution Plan approved by the National Company Law Tribunal (NCLT) following STPL’s Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The acquisition had earlier been disclosed to stock exchanges on June 14, 2025, November…
Author: PPD Team Date: March 13, 2025 AmpereHour Energy has raised USD 5 million (Rs 436 million) in a Series A funding round led by climate-focused fund Avaana Capital, with participation from UC Impower and existing angel investors. The company plans to use the capital to expand its manufacturing and software capabilities, strengthen research and development, and enhance product development. Additionally, AmpereHour Energy is allocating funds for geographical expansion, with ongoing projects in Oman and…
Author: PPD Team Date: May 26, 2025 The Delhi government has approved an additional subsidy of Rs 30,000 for installing 3 kW rooftop solar systems. This is over and above the Rs 78,000 subsidy provided by the central government under the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), bringing the total subsidy support to Rs 108,000. Households installing such systems can expect average monthly savings of around Rs 4,200. As of March 26, 2025, about…
Author: PPD Team Date: January 6, 2026 The central government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyaan (PM-KUSUM) scheme continues to generate orders for solar water pumping systems in multiple states. On 02 January 2026, Shakti Pumps (India) Limited informed the stock exchanges that it had received a work order from the Haryana Renewable Energy Department (HAREDA). The contract value is about Rs. 23.54 Crore including GST. The scope covers the supply, installation and…
Author: PPD Team Date: December 9, 2024 Pine Gate Renewables has received final discretionary approval from the Oregon Energy Facility Siting Council (EFSC) to begin construction of the 2.4GW Sunstone solar project, which includes 1.2GW of solar capacity and 1.2GW of energy storage. This project is set to become the largest proposed solar and storage project in the United States. The approval marks a major milestone for both the company and Oregon’s clean energy efforts….
Author: PPD Team Date: September 30, 2025 Kholongchhu Hydro Power Ltd (KHPL) has signed a Rs 4,829 crore term loan agreement with Power Finance Corporation (PFC) to fund the 600-megawatt Khorlochhu Hydropower Project in Bhutan. KHPL is a joint venture with Druk Green Power Corporation Ltd (DGPC) holding 60 per cent and Tata Power Company Ltd holding 40 per cent. Located in the Trashiyangtse Dzongkhag region, the project has an estimated cost of about Rs…