Author: PPD Team Date: November 29, 2024
THDC India Limited has initiated draft tube erection work in Unit 2 of the Vishnugad Pipalkoti Hydro Electric Project (HEP).
The project, with a total capacity of 444 MW, is situated on the Alaknanda River near Helong village in Uttarakhand. It is expected to be commissioned by December 2026.
Author: PPD Team Date: November 10, 2025 The Enforcement Directorate (ED) has made a third arrest in its money laundering probe involving Reliance Power, part of Anil Ambani’s Reliance Group. The case pertains to an alleged fake bank guarantee worth Rs 68 crore. According to the ED, Kolkata resident Amar Nath Dutta was taken into custody under the Prevention of Money Laundering Act (PMLA). Earlier, the agency had arrested former Reliance Power Chief Financial Officer…
Author: PPD Team Date: November 11, 2025 Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has secured domestic orders worth approximately Rs 2.99 billion for the supply of solar photovoltaic modules. The contracts were awarded by three independent power producers (IPPs) and engineering, procurement, and construction (EPC) companies. Deliveries are scheduled between December 2025 and March 2026. In October 2025, Saatvik Green Energy Limited also received a larger order valued…
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: March 26, 2025 REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects across India. The transfer took place on March 24, 2025. SPVs transferred to PGCIL PGCIL has taken over three SPVs for key transmission projects: Banaskantha Transco Limited – Augmentation of transformation capacity at Banaskantha…
Author: PPD Team Date: January 6, 2025 Greg Skinner, a private investor, has acquired a 50% share of Ethical Power Group from Hive Energy. As part of the deal, Skinner will provide an additional £15 million working capital loan to support the company’s continued growth. Skinner will also join the Ethical Power Group board. Ethical Power, founded in 2010, is a global renewable energy company that operates across Europe and New Zealand. The company employs…
Author: PPD Team Date: April 29, 2025 The joint venture (JV) of Rays Power Infra Private Limited and Insolation Energy Limited has secured an engineering, procurement, and construction (EPC) contract from Assam Power Distribution Company Limited (APDCL) to set up a 125 MW solar power project. This project is part of the 1,000 MW Khagarijan Solar Power Project under the Mukhya Mantri Sauro Shakti Prokolpo scheme. The scope includes design, engineering, supply, construction, erection, testing,…