Author: PPD Team Date: 12/11/2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: 24/12/2024 Bangladesh owes Tripura Rs 20 billion for electricity supplied under an agreement with the Tripura State Electricity Corporation Limited. Tripura provides 60-70 MW of power, but the dues are increasing daily. Chief Minister Manik Saha stated that no decision has been made on halting the supply yet, but payment must be cleared to avoid disruptions. Tripura began supplying power in 2016 from its ONGC Tripura Power Company’s 726 MW plant….
Author: PPD Team Date: 15/01/2025 Sunsure Energy has achieved financial closure for its 150 MW open access solar park project in Solapur, Maharashtra. The company secured long-term debt financing of Rs 4.16 billion (USD 48.07 million) from Aseem Infrastructure Finance Limited. The first phase of the solar park has been commissioned, and the entire project is slated for completion by March 2025. Power generated will be supplied to industrial clients, including Sandoz, KSB, Olon, Bharat…
Author: PPD Team Date: 05/06/2025 Juniper Green Energy Private Limited has commissioned a 145.99 MWp solar power project in Chapalgaon village, located in Akkalkot taluka of Solapur district, Maharashtra. The electricity generated from the project will be supplied to the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project marks a key addition to Juniper Green’s growing renewable energy portfolio in India.
Author: PPD Team Date: 11/12/2024 SSEN Transmission, a subsidiary of SSE, plans to invest at least £22 billion ($28 billion) in grid infrastructure between April 2026 and March 2031. The proposed investment aligns with the Revenue = Incentives + Innovation + Outputs (RIIO) framework established by energy regulator Ofgem. SSEN Transmission has submitted its business plan, emphasizing the need for an investable framework with appropriate financial returns to support the unprecedented scale of decarbonization efforts….
Author: PPD Team Date: 08/01/2025 US-based BWXT Technologies has agreed to acquire Canadian nuclear services company Kinectrics for $525 million. The acquisition includes Kinectrics’ net pension and debt liabilities, along with estimated transaction expenses. This move aims to enhance BWXT’s commercial operations by broadening its offerings in the global nuclear power and radiopharmaceutical industries. Kinectrics will operate as a subsidiary of BWXT, with its financial results incorporated into BWXT’s commercial operations segment. The deal strengthens…
Author: PPD Team Date: 05/05/2025 GE Vernova T&D India Limited has secured a major contract from Power Grid Corporation of India Limited (PGCIL). Announced on May 1, 2025, the contract covers the supply of over 70 extra high voltage (EHV) transformers and shunt reactors. The scope includes supply, erection, testing, and commissioning of equipment across various transmission projects. These projects will be implemented under the tariff based competitive bidding (TBCB) route. Manufacturing will take place…
Author: PPD Team Date: 24/12/2024 Bangladesh owes Tripura Rs 20 billion for electricity supplied under an agreement with the Tripura State Electricity Corporation Limited. Tripura provides 60-70 MW of power, but the dues are increasing daily. Chief Minister Manik Saha stated that no decision has been made on halting the supply yet, but payment must be cleared to avoid disruptions. Tripura began supplying power in 2016 from its ONGC Tripura Power Company’s 726 MW plant….
Author: PPD Team Date: 15/01/2025 Sunsure Energy has achieved financial closure for its 150 MW open access solar park project in Solapur, Maharashtra. The company secured long-term debt financing of Rs 4.16 billion (USD 48.07 million) from Aseem Infrastructure Finance Limited. The first phase of the solar park has been commissioned, and the entire project is slated for completion by March 2025. Power generated will be supplied to industrial clients, including Sandoz, KSB, Olon, Bharat…
Author: PPD Team Date: 05/06/2025 Juniper Green Energy Private Limited has commissioned a 145.99 MWp solar power project in Chapalgaon village, located in Akkalkot taluka of Solapur district, Maharashtra. The electricity generated from the project will be supplied to the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The project marks a key addition to Juniper Green’s growing renewable energy portfolio in India.
Author: PPD Team Date: 11/12/2024 SSEN Transmission, a subsidiary of SSE, plans to invest at least £22 billion ($28 billion) in grid infrastructure between April 2026 and March 2031. The proposed investment aligns with the Revenue = Incentives + Innovation + Outputs (RIIO) framework established by energy regulator Ofgem. SSEN Transmission has submitted its business plan, emphasizing the need for an investable framework with appropriate financial returns to support the unprecedented scale of decarbonization efforts….
Author: PPD Team Date: 08/01/2025 US-based BWXT Technologies has agreed to acquire Canadian nuclear services company Kinectrics for $525 million. The acquisition includes Kinectrics’ net pension and debt liabilities, along with estimated transaction expenses. This move aims to enhance BWXT’s commercial operations by broadening its offerings in the global nuclear power and radiopharmaceutical industries. Kinectrics will operate as a subsidiary of BWXT, with its financial results incorporated into BWXT’s commercial operations segment. The deal strengthens…
Author: PPD Team Date: 05/05/2025 GE Vernova T&D India Limited has secured a major contract from Power Grid Corporation of India Limited (PGCIL). Announced on May 1, 2025, the contract covers the supply of over 70 extra high voltage (EHV) transformers and shunt reactors. The scope includes supply, erection, testing, and commissioning of equipment across various transmission projects. These projects will be implemented under the tariff based competitive bidding (TBCB) route. Manufacturing will take place…
Author: PPD Team Date: 24/12/2024 Bangladesh owes Tripura Rs 20 billion for electricity supplied under an agreement with the Tripura State Electricity Corporation Limited. Tripura provides 60-70 MW of power, but the dues are increasing daily. Chief Minister Manik Saha stated that no decision has been made on halting the supply yet, but payment must be cleared to avoid disruptions. Tripura began supplying power in 2016 from its ONGC Tripura Power Company’s 726 MW plant….
Author: PPD Team Date: 15/01/2025 Sunsure Energy has achieved financial closure for its 150 MW open access solar park project in Solapur, Maharashtra. The company secured long-term debt financing of Rs 4.16 billion (USD 48.07 million) from Aseem Infrastructure Finance Limited. The first phase of the solar park has been commissioned, and the entire project is slated for completion by March 2025. Power generated will be supplied to industrial clients, including Sandoz, KSB, Olon, Bharat…