Author: PPD Team Date: 18/12/2024
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Powergrid acquires equity stake in Cross Border Power Transmission Company
Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
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DJ Renewables and CleanMax to establish 400 MW renewable energy JV
Author: PPD Team Date: 11/03/2025 DJ Renewables Pte. Ltd., a consortium between Osaka Gas Company Limited and Japan Bank for International Cooperation (JBIC), plans to form a joint venture (JV) with CleanMax Enviro Energy Solutions Private Limited to develop 400 MW of renewable energy projects in India. The JV company, named Clean Max Osaka Gas Renewable Energy Private Limited (CORE), will be jointly owned by CleanMax and DJ Renewables, with equity stakes of 51 percent…
CEA clears 7.5 GW of hydro pumped storage DPRs in 2024–25
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Goldi Solar launches AI-powered solar module line, Vikram Solar expands battery manufacturing
Author: PPD Team Date: 07/03/2025 Goldi Solar has introduced an artificial intelligence (AI)-driven solar module manufacturing line at its new facility in Kosamba, Surat, Gujarat. The facility, designed for a production capacity of 14 GW, features high-speed stringers capable of processing 10,000 cells per hour. AI-driven automation ensures consistency, minimizes errors, and reduces material wastage. An AI-powered optical inspection system enables real-time quality control, using computer vision to detect microscopic defects. The facility includes a…
Powergrid acquires equity stake in Cross Border Power Transmission Company
Author: PPD Team Date: 21/01/2025 Power Grid Corporation of India Limited (PGCIL) has completed the acquisition of 7,730,225 equity shares of IL&FS Energy Development Company Limited (IEDCL) in Cross Border Power Transmission Company Limited (CPTCL). This follows an arrangement where IEDCL, a shareholder in CPTCL, divested its entire equity stake as part of the resolution framework approved by the National Company Law Tribunal. CPTCL is a joint venture focused on implementing the Indian portion of…
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Author: PPD Team Date: 15/01/2025 JSW Energy has been declared the successful applicant for the resolution plan of KSK Mahanadi Power Company (KMPCL) under the corporate insolvency resolution process (CIRP) and has received a letter of intent (LoI). The resolution plan was approved by the Committee of Creditors and is now awaiting regulatory approvals from the National Company Law Tribunal and the Competition Commission of India. KMPCL owns a 3,600 MW thermal power plant in…