Author: PPD Team Date: January 23, 2025
The Government of Telangana has signed a Memorandum of Understanding (MoU) with Megha Engineering and Infrastructures Limited (MEIL) to establish a 2,160 MW Pumped Storage Project (PSP) in the state.
The project entails an investment of Rs.110 billion and is expected to boost the state’s renewable energy capacity and infrastructure. The MoU was signed on January 21, 2025.
Author: PPD Team Date: January 27, 2026 Waaree Renewable Technologies Limited has approved a binding term sheet to acquire around 55% of the equity share capital of Associated Power Structures Limited for a total consideration of approximately Rs 1,225 crore. The proposed transaction involves a combination of primary and secondary share purchases and is subject to due diligence and customary closing conditions. Associated Power Structures Limited, incorporated in 1996, operates in the power transmission and…
Author: PPD Team Date: December 10, 2025 The Central Transmission Utility has issued draft guidelines to regulate changes in ownership for power generation and storage projects that have not yet reached commercial operation. POWERGRID, acting as the Central Transmission Utility, released the draft on 02 December 2025 for stakeholder consultation. The proposed procedure applies to renewable energy generating stations other than hydro and to energy storage systems other than pumped storage projects. Any change in…
Author: PPD Team Date: June 11, 2025 Rama Steel Tubes Ltd (RSTL) has entered a joint venture with Onix Renewable Ltd to establish 225 MW decentralised solar power projects across Maharashtra under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The new entity, Onix IPP, will execute the projects. Onix holds a 90 percent stake in the JV, while RSTL owns 10 percent. Onix Renewable received a Letter of Award (LoA) in September 2024 to…
Author: PPD Team Date: April 17, 2025 WorldOne Energies has launched a 1.2 GW solar module manufacturing line to produce its Supreme Series n-type TOPCon monocrystalline bifacial modules. These modules range from 525 Wp to 650 Wp and are built with 144 or 156 half-cut cells. The new line is designed for speed and efficiency. According to the company, it operates 33 percent faster than standard Indian lines. This helps boost throughput and reduce lead…
Author: PPD Team Date: January 30, 2026 KPI Green Energy Limited informed on January 29, 2026, that it has started power generation and supply from a 200 MW AC (240 MW DC) solar power project in Gujarat. The project was awarded by Gujarat Urja Vikas Nigam Limited (GUVNL) through a competitive bidding process and is among the first projects to be commissioned within the 1.8 GW Gujarat State Electricity Corporation Limited (GSECL) Solar Park (South…
Author: PPD Team Date: February 27, 2025 The Ministry of New and Renewable Energy (MNRE) has proposed a renewable energy financing obligation (REEFO) to ensure dedicated financial support for India’s renewable energy sector. Similar to Renewable Purchase Obligations (RPOs) for discoms, REEFO would require financial institutions to allocate a portion of their lending to renewable energy projects. This initiative aims to secure consistent and affordable capital for solar, wind, and green hydrogen projects while de-risking…