Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have secured contracts worth Rs 10.87 billion for the supply of solar modules and cells in India as of November 25, 2024.
The contracts include Rs 9.64 billion for solar modules and Rs 1.23 billion for solar cells.
Deliveries are expected to commence in January 2025.
NTPC Limited has signed a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly own and operate the Chhabra thermal power plant. The 2,320 MW plant, currently managed by RVUNL, comprises four 250 MW units (Stage 1) and two 660 MW units (Stage 2). Under this 50:50 partnership, the joint venture aims to manage the plant’s operations and explore capacity expansion opportunities.
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated on October 15, 2024, is part of an ISTS scheme. PFCCL is overseeing the bidder selection process through a tariff-based…
Citicore Renewable Energy Corporation (CREC) has entered into a contract with Trinasolar to procure 2 GW of Vertex N 720W solar modules. Under the contract, Trinasolar will supply its Vertex N 720W Series solar modules for CREC’s rollout of 2 GW solar capacity, aligning with the Philippines government’s renewable energy programs, including the Green Energy Auction. This partnership, which now totals 3 GW, supports CREC’s target of 5 GW of renewable energy capacity in five…
The Maharashtra Electricity Regulatory Commission (MERC) has approved the procurement of 5,991 MW of solar power by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) through competitive bidding. This initiative is part of the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0), which aims to solarize at least 30% of agricultural feeders by December 2025. The procurement will be managed by MSEB Solar Agro Power (MSAPL), a subsidiary of MSEB Holding Company, with 5,745 MW…
Waaree Energies Limited, an Indian solar PV module manufacturer, has received final approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) to raise Rs 30 billion. The IPO will include a fresh issue of shares with a face value of Rs 10 per equity share, and an offer for sale (OFS) of up to 3.2 million equity shares, as outlined in its draft red herring prospectus filed in…
The Tanzanian government is negotiating with the Adani Group for a $900 million public-private partnership to build high-voltage power lines. This project follows the group’s earlier success in securing a 30-year concession to operate the main container terminal at the port of Dar es Salaam. The investment is part of Tanzania’s broader push for infrastructural development and foreign investments. In parallel, Tanzania is also in discussions with UK firm Gridworks Development Partners for a $300…