India’s leading source for power sector news and analysis.

Author: PPD Team Date: 03/04/2025 Resonia Limited, formerly Sterlite Grid 32 Limited, has won the bid for the “Transmission System for Integration of Ananthapur-II Renewable Energy Zone (REZ) Phase-I” project. The contract was awarded through a tariff-based competitive bidding process in 2025. The company will develop the project under a special purpose vehicle (SPV) on a build, own, operate, and transfer (BOOT) basis for 35 years. Meanwhile, PFC Consulting Limited (PFCCL) has incorporated a new...

Author: PPD Team Date: 03/04/2025 Trident Group commissioned an 11.02 MWp rooftop solar power project at its Budhni facility in Madhya Pradesh on March 29, 2025.  The project, developed at Rs 280 million, includes capacities of 6.58 MWp and 4.44 MWp. With this addition, the total commissioned solar capacity at the Budhni facility has reached 51.92 MWp. This marks the second solar project commissioned in Madhya Pradesh in March. Earlier, NTPC Renewable Energy Limited (NTPC...

Author: PPD Team Date: 03/04/2025 KEC International Limited has secured new orders worth Rs 12.36 billion across its transmission, substation, and cable businesses. The company won contracts for transmission line and substation projects in the Middle East, covering the UAE and Kuwait. It also secured a substation order from a private player under tariff-based competitive bidding in India. Additionally, KEC received orders for supplying various types of cables in both domestic and international markets. Meanwhile,...

Author: PPD Team Date: 03/04/2025 The Central Electricity Authority (CEA) has confirmed that the recently announced requirement to co-locate energy storage systems (ESS) with solar power plants will apply only to future tenders. Ongoing and past projects, including schemes like the PM Surya Ghar Muft Bijli Yojana, will continue under their existing rules without any new ESS obligations. Earlier, the Ministry of Power had issued an advisory recommending that all renewable energy implementing agencies include...

Author: PPD Team Date: 03/04/2025 Dineshchandra R Agrawal Infracon Private Limited (DRAIPL), Sterling and Wilson, and Advait Energy Transitions Limited have secured engineering, procurement, and construction (EPC) contracts for major solar projects in Gujarat and Rajasthan.   DRAIPL secures 200 MW Khavda solar EPC contract DRAIPL has won an EPC contract from NHPC Limited for the 200 MW Khavda Solar PV Project – Phase XXIII. The project is part of Gujarat State Electricity Corporation Limited’s (GSECL)...

Author: PPD Team Date: 03/04/2025 NHPC Limited declared the commercial operation date (CoD) for Unit 1, 2, and 3 of the Parbati Hydro Electric Project Stage-II on April 1, 2025. The 800 MW (4×200 MW) project is located on the Beas River in Kullu district, Himachal Pradesh, about 260 km from Chandigarh. Developed at an investment of Rs 98.97 billion, Parbati-II is a run-of-the-river (RoR) project and forms part of the broader Parbati Hydroelectric Project,...

Author: PPD Team Date: 02/04/2025 Prozeal Green Energy Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 7.00 billion. The offering consists of a fresh issue of Rs 3.50 billion and an offer for sale of Rs 3.50 billion by existing shareholders. Of the offer for sale, promoter selling shareholders will divest Rs 3.37 billion, while investor selling...

Author: PPD Team Date: 02/04/2025 The Bihar Electricity Regulatory Commission (BERC) has proposed integrating distributed renewable energy (DRE) into the state’s renewable purchase obligation (RPO) framework for the financial year (FY) 2030. This move aims to promote smaller renewable projects while adjusting targets for wind and hydropower. As per the draft Bihar Electricity Regulatory Commission (Renewable Purchase Obligation, its Compliance, and REC Framework Implementation) Regulations, 2025, the RPO for DRE has been set at 4.5...

Author: PPD Team Date: 02/04/2025 Adani Renewable Energy Fifty Seven Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has begun commercial operations of a 275 MW solar power project in the Khavda Wind-Solar Hybrid Renewable Energy Power Park.  The project is located in the Rann of Kutch district of Gujarat and is part of the larger 30,000 MW renewable energy park. The commissioned capacity includes 212.5 MW, with an additional 37.5 MW and...

Author: PPD Team Date: 02/04/2025 Bharat Grid Private Limited has won a contract worth Rs 22,739.73 million to provide Advanced Metering Infrastructure (AMI) services for smart prepaid metering in Paschim Gujarat Vij Company Limited (PGVCL).  The project will be executed on a design, build, finance, own, operate, and transfer (DBFOOT) basis under Phase II of the Gujarat Revamped Distribution Sector Scheme (RDSS). REC Power Distribution Company Limited (REC PDCL) invited bids for the contract in...

Author: PPD Team Date: 02/04/2025 Six companies have submitted bids for the engineering, procurement, and construction (EPC) contract of the 240 MW Heo Hydro Electric Project in Arunachal Pradesh.  The bidders are Afcons Infrastructure Limited, Dineshchandra R Agrawal Infracon Private Limited (DRAIPL), G R Infraprojects Limited, Hindustan Construction Company Limited (HCC), Max Infra (India) Limited, and Patel Engineering Limited (PEL). North Eastern Electric Power Corporation Limited (NEEPCO) invited bids for the EPC package in November...

Author: PPD Team Date: 01/04/2025 Norges Bank Investment Management (NBIM) will acquire a 49% stake in two offshore wind projects, Nordseecluster in Germany and Thor in Denmark, for €1.4 billion ($1.5 billion) from RWE. The deal, subject to regulatory approvals, is expected to close by the third quarter of 2025. RWE will retain a 51% stake and continue as the developer and operator of both projects, which are currently under construction. The total valuation of...

Author: PPD Team Date: 01/04/2025 The United States Department of Energy (DOE) has granted Holtec International a critical regulatory approval to transfer small modular reactor (SMR) technology to India.  The authorization, issued on March 26, 2025, allows Holtec to share unclassified SMR technology with three Indian firms: Holtec Asia, Tata Consulting Engineers Limited (TCE), and Larsen & Toubro Limited (L&T). The approval is valid for 10 years, with a review at the five-year mark. Conditions...

Author: PPD Team Date: 01/04/2025 Waaree Energies Limited has inaugurated a 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat. Spanning 150 acres, with a built-up area of 101 acres, the plant is equipped with high-efficiency solar cell technology to strengthen India’s domestic solar manufacturing capabilities. The facility is expected to generate over 9,500 direct jobs and approximately 30,000 indirect employment opportunities. It aims to reduce India’s dependence on solar imports while boosting the country’s...

Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds...

Author: PPD Team Date: 01/04/2025 Tiruchirappalli City Municipal Corporation has announced plans to develop a 19.2 MW solar power project in Panjappur under its 2025-26 budget. The project, which includes both rooftop and ground-mounted solar installations, is estimated to cost Rs 1,150 million. The rooftop solar panels will be installed on key structures, including the integrated bus terminus and the Tamil Nadu Industrial Development Electronics Limited (TIDEL) park. Meanwhile, ground-mounted solar panels will be set...