India | News

Tata Power acquires Paradeep Transmission for ERES XXXIV Expansion

By November 8, 2024November 8, 2024

Author: PPD Team Date: November 8, 2024

Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company.

The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of Power, Government of India.

India | Generation | News

MTAR Technologies wins Rs 3.10 billion Kaiga nuclear equipment order
By December 19, 2025December 19, 2025

Author: PPD Team Date: December 19, 2025 MTAR Technologies Limited has secured an order valued at Rs 3.10 billion from Megha Engineering and Infrastructures Limited (MEL) for the supply of equipment for the Kaiga nuclear power project units 5 and 6. The contract covers the manufacture and supply of critical equipment for the two civil nuclear reactor units. Deliveries will be executed in a staggered manner and are scheduled to continue until February 2030. With…

Read More MTAR Technologies wins Rs 3.10 billion Kaiga nuclear equipment order
India | News

PGCIL, RVPNL sign shareholder agreement for intra-state transmission
By October 1, 2024October 1, 2024

Author: PPD Team Date: October 1, 2024 Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in…

Read More PGCIL, RVPNL sign shareholder agreement for intra-state transmission
Generation | India | News

Coal Ministry awards Marwatola-II and Namchik West blocks in latest auction
By April 10, 2025October 28, 2025

Author: PPD Team Date: April 10, 2025 The Ministry of Coal has signed agreements for two coal blocks under the 11th round of commercial coal mine auctions. Marwatola-II has been awarded to Singhal Business Private Limited. Namchik West has gone to PRA Nuravi Coal Mining Private Limited. One of the blocks is fully explored, while the other is partially explored. Together, the two mines have a peak rated capacity of 0.34 million tonnes per annum….

Read More Coal Ministry awards Marwatola-II and Namchik West blocks in latest auction
India | News

PSPCL awards contracts for 31.37 MW rooftop solar projects across Punjab
By February 13, 2025February 13, 2025

Author: PPD Team Date: February 13, 2025 Punjab State Power Corporation Limited (PSPCL) has issued Letters of Award (LoAs) to five firms for developing a total of 31.37 MW grid-connected rooftop solar photovoltaic (PV) projects under the capital expenditure (CAPEX) model. The projects will be installed across various locations in Punjab. Sugs Lloyd Private Limited secured contracts for multiple packages, including 5.113 MW on 199 buildings in Jalandhar (Rs 207.09 million), 3.019 MW on 92…

Read More PSPCL awards contracts for 31.37 MW rooftop solar projects across Punjab
India | News

Private investment in thermal power to surge: Crisil
By July 31, 2025July 31, 2025

Author: PPD Team Date: July 31, 2025 India’s thermal power sector is poised for a major investment revival, with private players expected to invest Rs 77,000 crore between FY26 and FY28, according to a report by Crisil Ratings. This marks a shift from the past decade, as firms such as Adani Power, Tata Power, JSW Energy, and Vedanta Power move ahead with large-scale expansions, mostly through brownfield projects. Overall investment in thermal power, both public…

Read More Private investment in thermal power to surge: Crisil
Global | News

Carbon pricing revenues exceed $100bn in 2024
By June 13, 2025June 13, 2025

Author: PPD Team Date: June 13, 2025 The World Bank’s State and Trends of Carbon Pricing 2025 report shows global carbon pricing revenues surpassed US$100 billion in 2024, with over 50 per cent allocated to environmental, infrastructure, and development projects. This marks a threefold increase in revenue over the past decade and underscores carbon pricing’s fiscal and climate relevance. As of 2025, 80 carbon pricing instruments are in effect globally—a net increase of five in…

Read More Carbon pricing revenues exceed $100bn in 2024

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