Author: PPD Team Date: January 20, 2025
Sterling and Wilson Renewable Energy Limited (SWERL) posted a net profit of Rs 0.17 billion for the quarter ending December 2024, recovering from a net loss of Rs 0.62 billion in the same quarter last year.
The company’s total income surged by 202.13% to Rs 18.43 billion during the quarter, compared to Rs 6.10 billion in the corresponding period of 2023.
Author: PPD Team Date: November 8, 2024 European clean energy stocks declined sharply following Donald Trump’s US presidential election victory, triggering investor concerns over potential setbacks in US renewable energy support and climate policy. Trump has signaled intentions to halt offshore wind projects and undo several climate regulations established by Joe Biden, including the Paris Agreement and the Inflation Reduction Act’s clean energy incentives. Following the election, shares of offshore wind developer Ørsted fell by…
Author: PPD Team Date: October 23, 2024 The Energy Market Authority (EMA) of Singapore has conditionally approved Sun Cable’s proposal to import 1.75 GW of low-carbon electricity from Australia. This electricity will be generated from solar power in Australia’s Northern Territory and transmitted to Singapore through a 4,300 km subsea cable. The project aims for commercial operations post-2035. To secure a conditional licence, Sun Cable must update its proposal to meet EMA’s conditions, including technical…
Author: PPD Team Date: December 23, 2025 Bondada Engineering has secured an engineering, procurement, and construction (EPC) order worth Rs 945 crore from NLC India Renewables Limited, acting on behalf of NLC India Limited, for solar projects at the RVUNL Solar Park in Bikaner, Rajasthan. In a regulatory filing, Bondada Engineering said the order covers Balance of System works for 810 MW of solar power capacity, along with full EPC execution and three years of…
Author: PPD Team Date: July 30, 2025 The Union Government has highlighted multiple steps taken to strengthen disaster-resilient electricity distribution systems in coastal areas, including Maharashtra, through regulatory frameworks and the Revamped Distribution Sector Scheme (RDSS). According to a written reply by Minister of State for Power Shri Shripad Yesso Naik in the Rajya Sabha, works worth Rs 3,088 crore have been sanctioned under RDSS specifically for cyclone-resilient infrastructure in coastal states such as Maharashtra,…
Author: PPD Team Date: November 13, 2024 Power Grid Corporation of India Ltd (PGCIL) has acquired Bikaner A Power Transmission Ltd (BATPL) and Bikaner B Power Transmission Limited, both established to support the “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]” on a build, own, operate, and transfer (BOOT) basis. The acquisition from REC Power Development and Consultancy Limited (RECPDCL), the bid process coordinator, was completed on…
Author: PPD Team Date: December 23, 2025 The Central Transmission Utility (CTU) has notified the indicative capital cost for various configurations of dedicated transmission systems. The document, titled Indicative Capital Cost of Dedicated Transmission Systems, provides standard reference costs for dedicated transmission lines and reactive power equipment to support planning and cost sharing among developers, lenders, and utilities. The CTU has clarified that these are indicative benchmarks and not fixed tariffs, and that Right of…