Power Mech wins Rs 5.1 billion contract from Adani Power
Author: PPD Team Date: 02/12/2024
Author: PPD Team Date: 02/12/2024
Power Mech Projects Limited won a contract from Adani Power Limited (APL) worth Rs 5,100 million for civil and mechanical construction works for the 1,600 MW Raipur (Raikheda) Ultra Super-Critical Thermal Expansion Project on November 29, 2024.
The work is expected to be completed in 34 months.
The plant is an Ultra Super-Critical expansion by adding 1,600 MW (2X800 MW) to existing 1,370 MW (2×685) Chhattisgarh (Raikheda) Coal Based Thermal Power Project at Raikheda village of Raipur district in Chhattisgarh. APL will implement the same at an estimated cost of Rs 21.1 billion.
Author: PPD Team Date: 28/05/2025 The Government of Gujarat is set to invest Rs 290 billion in the Gujarat Green Energy Corridor III (GEC-III) project. The initiative aims to transmit 16,500 MW of renewable energy across the state by strengthening grid connectivity from major renewable energy zones. The project will link renewable energy zones (REZ) in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan, and parts of central Gujarat. The transmission infrastructure includes 3,430 circuit km (ckm) of lines…
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: 23/05/2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per cent to…
Author: PPD Team Date: 31/12/2024 Masdar has expanded its footprint in Europe by completing two acquisitions in the Iberian Peninsula. Along with its institutional partners, Masdar acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million. Saeta’s portfolio includes 745 MW of wind assets, with 538 MW in Spain, 144 MW in Portugal, and 63 MW of solar PV assets in Spain, along with…
Author: PPD Team Date: 21/01/2025 Taiwan has slashed its 2025 budget for Taiwan Power (Taipower) by T$100 billion ($3.1 billion), sparking fears of electricity price hikes that could affect industries, including global semiconductor manufacturers, Bloomberg reported. The Democratic Progressive Party (DPP), led by President Lai Ching-te, lost its parliamentary majority in 2024, allowing the opposition Kuomintang (KMT) and Taiwan People’s Party to propose significant budget cuts. These include a record T$214.7 billion ($6.55 billion) reduction…
Author: PPD Team Date: 12/11/2024 The Ministry of Coal has introduced a Mine Opening Permission module on the Single Window Clearance System (SWCS) portal to streamline and expedite the approval process for initiating coal mining operations. This digital initiative enhances transparency and efficiency by enabling online applications and real-time tracking, thereby reducing reliance on manual paperwork and minimizing delays. The module is designed to encourage a more investment-friendly environment in the coal sector.
Author: PPD Team Date: 28/05/2025 The Government of Gujarat is set to invest Rs 290 billion in the Gujarat Green Energy Corridor III (GEC-III) project. The initiative aims to transmit 16,500 MW of renewable energy across the state by strengthening grid connectivity from major renewable energy zones. The project will link renewable energy zones (REZ) in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan, and parts of central Gujarat. The transmission infrastructure includes 3,430 circuit km (ckm) of lines…
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: 23/05/2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per cent to…
Author: PPD Team Date: 31/12/2024 Masdar has expanded its footprint in Europe by completing two acquisitions in the Iberian Peninsula. Along with its institutional partners, Masdar acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million. Saeta’s portfolio includes 745 MW of wind assets, with 538 MW in Spain, 144 MW in Portugal, and 63 MW of solar PV assets in Spain, along with…
Author: PPD Team Date: 21/01/2025 Taiwan has slashed its 2025 budget for Taiwan Power (Taipower) by T$100 billion ($3.1 billion), sparking fears of electricity price hikes that could affect industries, including global semiconductor manufacturers, Bloomberg reported. The Democratic Progressive Party (DPP), led by President Lai Ching-te, lost its parliamentary majority in 2024, allowing the opposition Kuomintang (KMT) and Taiwan People’s Party to propose significant budget cuts. These include a record T$214.7 billion ($6.55 billion) reduction…
Author: PPD Team Date: 12/11/2024 The Ministry of Coal has introduced a Mine Opening Permission module on the Single Window Clearance System (SWCS) portal to streamline and expedite the approval process for initiating coal mining operations. This digital initiative enhances transparency and efficiency by enabling online applications and real-time tracking, thereby reducing reliance on manual paperwork and minimizing delays. The module is designed to encourage a more investment-friendly environment in the coal sector.
Author: PPD Team Date: 28/05/2025 The Government of Gujarat is set to invest Rs 290 billion in the Gujarat Green Energy Corridor III (GEC-III) project. The initiative aims to transmit 16,500 MW of renewable energy across the state by strengthening grid connectivity from major renewable energy zones. The project will link renewable energy zones (REZ) in Kutch, Jamnagar-Bet Dwarka, Banaskantha-Patan, and parts of central Gujarat. The transmission infrastructure includes 3,430 circuit km (ckm) of lines…
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…