Author: PPD Team Date: February 12, 2025
Shakti Pumps Limited has set up a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million through the subscription of 3,000,000 equity shares of Rs 10 each.
The new entity will focus on manufacturing, processing, trading, and distributing electric vehicle (EV) motors and charger controllers. The subsidiary aims to expand its presence in the EV mobility sector.
Author: PPD Team Date: September 30, 2025 The World Bank has approved the Indonesia Electricity Network Transformation (I-ENET) Program, a $500 million operation to upgrade electricity distribution in Java, Madura, and Bali. The initiative is designed to improve the integration of renewable energy and accelerate the digitalisation of Indonesia’s grid. Indonesia’s rising electricity demand has so far been met mainly through fossil fuels. With the country targeting high-income status by 2045 and net-zero emissions by…
Author: PPD Team Date: July 9, 2025 The Ministry of New and Renewable Energy (MNRE) has amended guidelines for central financial assistance (CFA) under the PM-Surya Ghar: Muft Bijli Yojana. The changes apply to residential rooftop solar installations. State and union territory governments can now provide an additional subsidy over the CFA given by the central government. Under the revised structure: Residential consumers will receive Rs 30,000 per kW for the first 2 kW and…
Author: PPD Team Date: December 30, 2024 Gensol Engineering Limited has won a Rs 8.97 billion contract from NTPC Renewable Energy Limited to develop a 225 MW grid-connected solar project. The project will be executed on an engineering, procurement, and construction (EPC) basis at the Gujarat State Electricity Corporation Limited Solar Park (Stage-III) in Khavda, Rann of Kutch, Gujarat. The contract includes project development and operations and maintenance services for three years.
Author: PPD Team Date: December 12, 2024 India’s total non-fossil fuel installed capacity reached 213.70 GW as of November 2024, a 14.2% increase from the previous year. Including pipeline projects, the total non-fossil fuel capacity surged to 472.90 GW, up 28.5% year-on-year. From April to November 2024, 14.94 GW of new renewable energy capacity was added, nearly doubling the 7.54 GW added during the same period in FY 2023-24. November 2024 alone saw 2.3 GW…
Author: PPD Team Date: December 18, 2024 VCI Global aims to develop and acquire up to 100 MW of solar photovoltaic (PV) projects across Southeast Asia and Europe within the next five years, generating an estimated $200 million in revenue over 20 years. The company plans to source at least 70 percent of this capacity from projects in Malaysia, leveraging government programs like the Corporate Renewable Energy Supply Scheme (CRESS). Additionally, VCI Global intends to…
Author: PPD Team Date: March 5, 2025 Russia is strengthening its global nuclear cooperation, signing agreements and engaging in discussions with key allies despite growing geopolitical challenges and Western sanctions. The country continues to play a central role in nuclear energy projects in regions including Africa and Asia while also holding high-level discussions with the United States regarding Iran’s nuclear program. Russia and Myanmar sign nuclear agreement Russia and Myanmar have formalized an agreement for…