Author: PPD Team Date: December 12, 2024
The Government of Telangana has inaugurated Unit 2 of the Damaracherla (Yadadri) Power Project.
The project, being implemented by Telangana State Power Generation Corporation Limited (TSGENCO), is located at Damaracherla (Yadadri) mandal in Nalgonda district. With an investment of Rs 299.65 billion, the project will feature five units, each with a capacity of 800 MW. Â
Author: PPD Team Date: October 28, 2024 Avangrid has completed the sale of its 40,000-acre Kitty Hawk North offshore wind lease area to Dominion Energy for $160 million. The transaction includes a $117 million lease acquisition payment and reimbursement for associated development costs. The sale agreement was initially signed in July 2024. Avangrid, part of the Iberdrola Group, retains the rights to Kitty Hawk South, where it plans to develop up to 2.4 GW of…
Author: PPD Team Date: November 29, 2024 Achieving net zero emissions by 2050 requires substantial financial support, but experts at the London Climate Technology Show 2024 highlighted a persistent lack of investment in key sectors like carbon capture, grid efficiency, and decarbonizing buildings. Speakers pointed to over-regulation and misaligned funding priorities as significant barriers. Teele Niidas, CMO of UP Catalyst, stressed the need to redirect trillions invested in technologies like AI towards scalable carbon capture…
Author: PPD Team Date: November 12, 2025 The Adani Group has announced its entry into the Battery Energy Storage Systems (BESS) sector with a 1,126 MW / 3,530 MWh project at Khavda, Gujarat. The facility, comprising more than 700 BESS containers, will be India’s largest energy storage installation and among the largest single-location deployments globally. Commissioning is scheduled for March 2026. The project will enhance grid stability, enable round-the-clock renewable power, and reduce transmission congestion…
Author: PPD Team Date: February 3, 2026 ACME Solar Holdings Limited’s subsidiary has received a commissioning certificate for 16 MW of a wind power project in Gujarat, according to a stock exchange filing. ACME Solar said its subsidiary, ACME Eco Clean Energy Private Limited, received the certificate from the Gujarat Energy Development Agency (GEDA) on 31 January 2026. The commissioned capacity forms part of a larger 100 MW wind power project in Surendranagar district, Gujarat….
Author: PPD Team Date: March 20, 2026 Power Grid Corporation of India Limited (POWERGRID) has approved an expanded consolidation of its subsidiaries, with 28 wholly owned subsidiaries to be merged into two existing wholly owned entities. The decision was taken at a board meeting on March 19, 2026, replacing an earlier, smaller proposal. The consolidation programme began in December 2025, when the board approved the merger of 11 subsidiaries into two entities. These subsidiaries were…
Author: PPD Team Date: October 3, 2025 Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will consist of a fresh issue of up to 7.793 million equity shares and an offer for sale of up to 7.796 million equity shares, aggregating around 15.589 million equity shares. Promoters Anil…