Author: PPD Team Date: 13/01/2025
Solidus Techno Power Private Limited has signed an agreement with Jogindra Group to develop a 110 MWp captive solar power project in Punjab.
The project will be set up across three locations in the state and will meet the renewable energy (RE) needs of Jogindra Group’s enterprises, including Jogindra Castings Private Limited, Vardhman Adarsh Ispat Private Limited, and Oasis Enterprises Private Limited.
Author: PPD Team Date: 14/11/2024 Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders. The Trust also reported EBITDA of Rs 6,125.07 million and a margin of 93.41%. PGInvIT…
Author: PPD Team Date: 21/11/2024 Damodar Valley Corporation (DVC) has entered into power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) to supply a total of 559 MW of electricity. This includes 359 MW from the 800 MW Durgapur Thermal Power Expansion Project in West Bengal and 200 MW from the 2×800 MW Koderma Thermal Power Expansion Project in Jharkhand. The Durgapur project, situated in Bardhaman district, is an expansion of the retired…
Author: PPD Team Date: 11/12/2024 AM Green Ammonia India has entered into a binding power purchase agreement (PPA) with Gentari through its subsidiary, Gentari Renewables India Castor One. Under this long-term agreement, Gentari will supply 650 MW of round-the-clock (RTC), carbon-free energy to power AMG Ammonia’s upcoming green ammonia facilities. Gentari will develop approximately 2400 MWp of renewable energy capacity, comprising solar and wind, across Andhra Pradesh and Karnataka. This will be integrated with 350…
Author: PPD Team Date: 17/01/2025 Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual property dispute. This settlement clears the way for the companies to jointly deploy new nuclear reactors worldwide. The resolution ensures that both Westinghouse and the Korean entities can proceed with confidence in the global nuclear power sector. Westinghouse President and CEO Patrick…
Author: PPD Team Date: 07/01/2025 Suzuki Motor Corporation, through its subsidiary Suzuki R&D Center India (SRDI), has partnered with the National Dairy Development Board (NDDB) to invest in its biogas arm, NDDB Mirda. Suzuki will acquire a 26% equity stake, with NDDB retaining 74%. The equity transaction is valued at par, with an initial capital of Rs 3 billion. In the first phase, Suzuki will invest Rs 88.4 million, while NDDB will contribute Rs 251.6…
Author: PPD Team Date: 12/11/2024 A recent survey, “Solar Spectrum of New India,” by Luminous Power Technologies, reveals rising consumer interest in solar energy in India, yet highlights affordability and skilled labour as key barriers. The survey indicates that 52% of respondents would consider solar power with better financing options, while 92% see installation costs as a primary deterrent. Despite 76% of participants noting easy access to solar technologies, high costs remain a hurdle, especially…