Shakti Pumps and KLK Ventures secure new solar pump contracts under PM-KUSUM
Author: PPD Team Date: January 6, 2026
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 commissioning of 792 Solar Water Pumping Systems (SWPS) under Component B of PM-KUSUM. The execution period is 90 days.
In a separate development, KLK Ventures Private Limited received a contract in Maharashtra under PM-KUSUM for 1,000 solar water pumping systems. The project includes design, supply and installation of pumps rated at 3 HP, 5 HP and 7.5 HP. The stated objective is to support irrigation, lower fuel and electricity costs for farmers and expand clean energy use in rural areas.
The new orders indicate steady progress under PM-KUSUM. The scheme promotes solar-based agricultural pumping and supports farm sector energy transition.
The featured photograph is for representation only.
Author: PPD Team Date: November 12, 2025 ReNew Energy has received $331 million in debt financing from the Asian Development Bank (ADB) to develop a large-scale clean energy project in Andhra Pradesh. The financing includes up to $291 million in local currency from ADB’s ordinary capital resources and $40 million from the ADB-administered Leading Asia’s Private Infrastructure Fund 2. The loan forms part of a $477 million financial package, with the remaining $146 million expected…
Author: PPD Team Date: May 21, 2025 Voith Hydro Private Limited has secured a contract valued at Rs 1,647.5 million for executing electromechanical (E&M) works for the Mankulam Hydro Electric Project in Kerala. The tender was issued by Kerala State Electricity Board (KSEB) in March 2024. The contract involves the completion of E&M works within two years. Located in Devikulam taluk of Idukki district, the Mankulam HEP – Phase I has an installed capacity of…
Author: PPD Team Date: October 28, 2024 Iberdrola has finalized the acquisition of an 88% stake in UK-based Electricity North West (ENW), valuing the entire company, including debt, at €5 billion ($5.4 billion). ENW serves approximately 5 million people across northwest England, including Manchester and the Lake District, managing 60,000 km of distribution networks. This acquisition is strategically significant for Iberdrola, as ENW is situated between the existing ScottishPower network regions in Scotland and areas…
Author: PPD Team Date: May 13, 2025 The Union Government has approved the Transmission System for Evacuation of Power from Pakaldul Hydroelectric Project (HEP) in the Chenab Valley. The project will be developed by Kishtwar Transmission Limited, a special purpose vehicle (SPV) owned by Sterlite Grid 24 Limited. It will be implemented under the tariff based competitive bidding (TBCB) route on a build, own, operate and maintain (BOOM) basis in Jammu & Kashmir. PFC Consulting…
Author: PPD Team Date: October 17, 2025 Saatvik Green Energy Limited and its subsidiary Saatvik Solar Industries Private Limited have received solar photovoltaic (PV) module supply orders worth Rs 6.89 billion from independent power producers and engineering, procurement, and construction developers across India. Of the total, Saatvik Green Energy received Rs 0.51 billion in orders, scheduled for execution by November 2025. Its subsidiary, Saatvik Solar Industries, secured Rs 6.38 billion in orders, with completion targeted…
Author: PPD Team Date: September 16, 2024 Sunsure Energy has signed a power purchase agreement (PPA) to provide 21 MW (31.5 MWp) of solar power to pharmaceutical giant Lupin. The power will be sourced from Sunsure’s 100 MW (150 MWp) solar plant in Solapur, Maharashtra, boosting renewable energy use across Lupin’s Tarapur facility. Sunsure is also developing 500 MW of solar and wind energy parks in Maharashtra, with additional PPAs signed with companies such as…