Shree Cement commissions 6 MWp solar plant at Roorkee unit
Author: PPD Team Date: July 18, 2025
Author: PPD Team Date: July 18, 2025
Shree Cement Limited has commissioned a 6 MWp solar power plant at its Roorkee facility in Uttarakhand. The plant, set up adjacent to its existing cement operations, was developed under a build-own-operate model with a capital investment of approximately Rs 160 million.
With this addition, the company has increased solar capacity at the Roorkee site from 1.0 MWp to 7.0 MWp. Shree Cement’s total installed solar capacity now stands at 293.5 MWp across all locations.
The new plant is expected to reduce dependence on grid electricity and offset around 6,500 metric tonnes of carbon dioxide emissions annually.
Author: PPD Team Date: March 16, 2026 India’s Union Cabinet has approved an amendment to Press Note 3 of 2020, which requires government approval for investments from countries sharing a land border with India. The revision introduces a 10% beneficial ownership threshold below which investors from these countries can invest through the automatic route without prior clearance. For the power sector, the main implications relate to the upstream solar manufacturing supply chain. Changes introduced under…
Author: PPD Team Date: July 7, 2025 The Indian Renewable Energy Development Agency (IREDA) has sanctioned Rs 117.40 billion in loans during the first quarter of FY26, marking a 29 per cent increase from Rs 91.36 billion in the same period last year. Loan disbursements also rose by 31 per cent year-on-year to Rs 69.81 billion. IREDA’s outstanding loan book stood at Rs 799.60 billion at the end of the quarter, 27 per cent higher…
Author: PPD Team Date: March 28, 2025 TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s climate-focused investing platform. This deal marks the first investment under TPG’s Global South Initiative, a private equity strategy launched with ALTÉRRA to scale climate solutions. MAVCO Investments will also take…
Author: PPD Team Date: June 13, 2025 Larsen & Toubro Limited (L&T) has won a contract from JSW Energy Limited (JSWEL) for civil works of the 1,500 MW Bhavali Pumped Storage Project. The contract was awarded on June 9, 2025. The scope includes full civil execution—construction of approach roads, upper and lower reservoirs, water conductor system (WCS), pressure tunnels, and an underground powerhouse. The Bhavali plant is designed for 8 hours of daily peaking and…
Author: PPD Team Date: January 23, 2026 CESC Limited has informed the stock exchanges that its subsidiary, CESC Green Power Limited, has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for a major renewable energy investment in the state. The MoU was executed on 20 January 2026. It sets out plans to develop an integrated solar manufacturing and power generation facility in Uttar Pradesh. The proposed project includes a 3 GW…
Author: PPD Team Date: February 21, 2025 The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended the grant of environmental clearance (EC) for the Uri-I Stage II Hydro Electric Project. The recommendation was made during its meetings on January 29, 2025. NHPC Limited will implement the 240 MW project in Uri, Boniyar, Kreeri, Baramulla, and Rafiabad sub-districts of Baramulla district, Jammu & Kashmir. The project, estimated to…