Author: PPD Team Date: November 14, 2024 The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the…
Author: PPD Team Date: December 17, 2025 The United States and Armenia are advancing a Memorandum of Understanding on bilateral energy cooperation for strengthening Armenia’s energy resilience through modernisation and expanded energy production, US Ambassador to Armenia Kristina Kvien said. Speaking at the American Chamber of Commerce in Armenia, Kvien said the cooperation will support resource diversification, grid modernisation, and reliable energy supply for businesses and communities. She highlighted civilian nuclear capabilities as a key…
Author: PPD Team Date: November 29, 2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory…
Author: PPD Team Date: December 15, 2025 JSW Energy Limited has reported a set of corporate actions covering new long-term power sales, capital raising and senior management changes. The announcements were made in filings dated 12 December 2025. JSW Energy Utkal Limited has signed a 25-year Power Purchase Agreement with several distribution companies in Karnataka. The agreement covers 400 MW of supply from 1 April 2026 at a tariff of Rs 5.78 per kilowatt hour….
Author: PPD Team Date: May 16, 2025 REC Power Distribution Company Limited (REC PDCL) has invited bids for selection of a transmission service provider (TSP) to implement transmission system strengthening works at Davanagere for renewable energy (RE) integration in Karnataka. The request for proposal (RfP) was issued on May 15, 2025. Bids are due by July 18, 2025. The project will be awarded through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer…
Author: PPD Team Date: July 23, 2025 The Department of Public Enterprises (DPE) has approved a restructuring plan for the boards of NTPC subsidiaries THDC India Ltd (THDCIL) and North Eastern Electric Power Corporation Ltd (NEEPCO), according to a communication reviewed by Mint. The move is part of a broader strategy to streamline operations as India expands its hydropower capacity along its eastern and northwestern borders. The DPE has agreed to redesignate the managing director…