Author: PPD Team Date: 13/12/2024
Tivolt Electric Vehicles Private Limited, a subsidiary of TI Clean Mobility, has partnered with Tata Power Renewable Energy Limited (TPREL) to build an electric vehicle charging ecosystem.
Under the agreement, TPREL will use its expertise to establish charging stations at Tivolt dealerships, customer locations, and high-traffic public spaces across the country.
Author: PPD Team Date: 25/04/2025 The West Bengal Cabinet has approved a 100 MW solar power project in West Medinipur district. The project will be developed under Phase-II of the 212.5 MW Ramnagar II Solar PV Project. It is located at Goaltore in Garbeta-II Block of West Medinipur. Phase-I of the project, with a capacity of 112.5 MW, has already been commissioned. The estimated cost for Phase-II is Rs 6,800 million. Of this, Rs 2,050…
Author: PPD Team Date: 13/02/2025 ONGC NTPC Green Limited (ONGPL), a joint venture between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power for Rs 195 billion. The agreement was finalized with the National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital. NIIF is the majority shareholder in Ayana. For this transaction, Deloitte…
Author: PPD Team Date: 04/11/2024 Ajmer Electricity Distribution Corporation has issued a tender for segregating 11 kV mixed feeders at the Sikar and Neem Ka Thana circles of Ajmer Discom in Rajasthan. The project involves the erection, installation, testing, and commissioning equipment for distribution infrastructure under the Reforms-based and Results-linked Distribution Sector Scheme (RDSS) on a turnkey basis. The estimated cost for the Sikar Circle project is Rs 1.8 billion, while the Neem Ka Thana…
Author: PPD Team Date: 23/05/2025 Inox Green Energy Services Limited has signed agreements to provide operation and maintenance (O&M) services for 639 MWp of solar projects. These projects are owned by a major Indian renewable energy company backed by a global energy corporation and are spread across various locations. With this, Inox Green’s solar O&M portfolio has grown to 1.6 GW. Its total renewable energy O&M portfolio now exceeds 5 GW. This announcement follows the…
Author: PPD Team Date: 05/12/2024 British International Investment (BII) will invest USD 33.5 million (approximately Rs 2.8 billion) in three companies within India’s electric vehicle (EV) ecosystem. The investment includes USD 15 million in debt financing for Mumbai-based fleet operator Everest Fleet and USD 15 million in equity funding for EV manufacturer TI Clean Mobility, a subsidiary of Tube Investments India. Additionally, USD 3.5 million will go to Delhi-based EV component maker Vecmocon to enhance…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 25/04/2025 The West Bengal Cabinet has approved a 100 MW solar power project in West Medinipur district. The project will be developed under Phase-II of the 212.5 MW Ramnagar II Solar PV Project. It is located at Goaltore in Garbeta-II Block of West Medinipur. Phase-I of the project, with a capacity of 112.5 MW, has already been commissioned. The estimated cost for Phase-II is Rs 6,800 million. Of this, Rs 2,050…
Author: PPD Team Date: 13/02/2025 ONGC NTPC Green Limited (ONGPL), a joint venture between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power for Rs 195 billion. The agreement was finalized with the National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital. NIIF is the majority shareholder in Ayana. For this transaction, Deloitte…
Author: PPD Team Date: 04/11/2024 Ajmer Electricity Distribution Corporation has issued a tender for segregating 11 kV mixed feeders at the Sikar and Neem Ka Thana circles of Ajmer Discom in Rajasthan. The project involves the erection, installation, testing, and commissioning equipment for distribution infrastructure under the Reforms-based and Results-linked Distribution Sector Scheme (RDSS) on a turnkey basis. The estimated cost for the Sikar Circle project is Rs 1.8 billion, while the Neem Ka Thana…
Author: PPD Team Date: 23/05/2025 Inox Green Energy Services Limited has signed agreements to provide operation and maintenance (O&M) services for 639 MWp of solar projects. These projects are owned by a major Indian renewable energy company backed by a global energy corporation and are spread across various locations. With this, Inox Green’s solar O&M portfolio has grown to 1.6 GW. Its total renewable energy O&M portfolio now exceeds 5 GW. This announcement follows the…
Author: PPD Team Date: 05/12/2024 British International Investment (BII) will invest USD 33.5 million (approximately Rs 2.8 billion) in three companies within India’s electric vehicle (EV) ecosystem. The investment includes USD 15 million in debt financing for Mumbai-based fleet operator Everest Fleet and USD 15 million in equity funding for EV manufacturer TI Clean Mobility, a subsidiary of Tube Investments India. Additionally, USD 3.5 million will go to Delhi-based EV component maker Vecmocon to enhance…
Author: PPD Team Date: 20/12/2024 Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power. APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 25/04/2025 The West Bengal Cabinet has approved a 100 MW solar power project in West Medinipur district. The project will be developed under Phase-II of the 212.5 MW Ramnagar II Solar PV Project. It is located at Goaltore in Garbeta-II Block of West Medinipur. Phase-I of the project, with a capacity of 112.5 MW, has already been commissioned. The estimated cost for Phase-II is Rs 6,800 million. Of this, Rs 2,050…
Author: PPD Team Date: 13/02/2025 ONGC NTPC Green Limited (ONGPL), a joint venture between ONGC Green and NTPC Green Energy Limited, has signed a share purchase agreement to acquire a 100 per cent equity stake in Ayana Renewable Power for Rs 195 billion. The agreement was finalized with the National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital. NIIF is the majority shareholder in Ayana. For this transaction, Deloitte…