Author: PPD Team Date: 12/11/2024
Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion.
The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines.
CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.
Author: PPD Team Date: 13/01/2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems in the…
Author: PPD Team Date: 09/06/2025 Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group. Each equity share carries a face value of Rs 10. The company plans to…
Author: PPD Team Date: 26/05/2025 The Delhi government has approved an additional subsidy of Rs 30,000 for installing 3 kW rooftop solar systems. This is over and above the Rs 78,000 subsidy provided by the central government under the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), bringing the total subsidy support to Rs 108,000. Households installing such systems can expect average monthly savings of around Rs 4,200. As of March 26, 2025, about 3,476 households…
Author: PPD Team Date: 11/12/2024 Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan. The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
Author: PPD Team Date: 05/12/2024 GE Vernova Inc. has secured a contract with 50Hertz Transmission GmbH, one of Germany’s four transmission system operators, to deliver advanced grid-stabilizing technology to enhance the reliability of Germany’s electrical grid as it integrates more renewable energy sources. As part of the agreement, GE Vernova will provide its 300 Mvar FACTSFLEX GFM solution, a Static Synchronous Compensator (STATCOM) with Grid Forming Control (GFM). This technology stabilizes the grid by automatically…
Author: PPD Team Date: 13/11/2024 The UK energy regulator, Ofgem, has approved the initial stages of two interconnector pilot projects, LionLink and Nautilus, aimed at linking the UK’s transmission network with offshore wind farms in the North Sea. These “offshore hybrid assets” will connect UK, Dutch, and Belgian grids directly to offshore wind farms, delivering a combined capacity of 3.2 GW. National Grid is leading the projects in partnership with Dutch and Belgian transmission operators…
Author: PPD Team Date: 13/01/2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems in the…
Author: PPD Team Date: 09/06/2025 Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group. Each equity share carries a face value of Rs 10. The company plans to…
Author: PPD Team Date: 26/05/2025 The Delhi government has approved an additional subsidy of Rs 30,000 for installing 3 kW rooftop solar systems. This is over and above the Rs 78,000 subsidy provided by the central government under the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), bringing the total subsidy support to Rs 108,000. Households installing such systems can expect average monthly savings of around Rs 4,200. As of March 26, 2025, about 3,476 households…
Author: PPD Team Date: 11/12/2024 Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan. The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
Author: PPD Team Date: 05/12/2024 GE Vernova Inc. has secured a contract with 50Hertz Transmission GmbH, one of Germany’s four transmission system operators, to deliver advanced grid-stabilizing technology to enhance the reliability of Germany’s electrical grid as it integrates more renewable energy sources. As part of the agreement, GE Vernova will provide its 300 Mvar FACTSFLEX GFM solution, a Static Synchronous Compensator (STATCOM) with Grid Forming Control (GFM). This technology stabilizes the grid by automatically…
Author: PPD Team Date: 13/11/2024 The UK energy regulator, Ofgem, has approved the initial stages of two interconnector pilot projects, LionLink and Nautilus, aimed at linking the UK’s transmission network with offshore wind farms in the North Sea. These “offshore hybrid assets” will connect UK, Dutch, and Belgian grids directly to offshore wind farms, delivering a combined capacity of 3.2 GW. National Grid is leading the projects in partnership with Dutch and Belgian transmission operators…
Author: PPD Team Date: 13/01/2025 The Central Electricity Authority (CEA) has proposed setting up regional standing committees to review intrastate and interstate transmission systems. This initiative is part of an amendment to the “Manual on Transmission Planning Criteria.” Five committees, termed “Standing Committee on Short Term and Perspective Power System Planning (SCSTPPSP),” will be established for the north, east, west, south, and northeast regions. Their responsibilities include: Reviewing existing and under-implementation transmission systems in the…
Author: PPD Team Date: 09/06/2025 Vikram Solar Limited has secured final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to Rs 15 billion and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group. Each equity share carries a face value of Rs 10. The company plans to…