Author: PPD Team Date: 04/12/2024
North Eastern Electric Power Corporation Limited (NEEPCO) has invited bids for the engineering, procurement, and construction (EPC) package for the 240 MW Heo Hydro Electric Project in Arunachal Pradesh.
The turnkey execution project, announced on November 27, 2024, has a bid submission deadline of February 25, 2025.
The project, estimated to cost Rs 10.61 billion, is expected to be completed in 1,170 days.
Author: PPD Team Date: 28/10/2024 Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power Projects. The contract includes the complete HM scope, covering procurement, manufacturing, inspection, assembly, testing, painting, transportation, storage, site erection, and commissioning of equipment such as radial gates, stoplogs, gantry cranes, trash racks, and steel liners for pressure shafts. …
Author: PPD Team Date: 13/11/2024 Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with…
Author: PPD Team Date: 05/03/2025 ACME Solar Holdings Limited plans to invest Rs 170 billion in capital expenditure in the calendar year 2026 to expand its renewable energy capacity to 5,000 MW by 2027, focusing on hybrid and firm dispatchable renewable energy (FDRE) projects. The company aims to triple its capacity to 7,000 MW by 2028, rolling out expansion in two phases starting in April 2025. While primarily focused on solar, wind, and hybrid energy,…
Author: PPD Team Date: 23/10/2024 France is preparing to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25. The French Energy Ministry has identified key locations for these projects, including offshore areas near Fecamp in northwest France, Brittany, the western Gascogne Gulf, and the southern Mediterranean coast. French Energy Minister Olga Givernet, during a visit to Fecamp, emphasized that the installations align with France’s…
Author: PPD Team Date: 05/03/2025 Adani Green Energy Limited (AGEL) has refinanced its $1.06 billion construction facility. AGEL refinanced its maiden construction facility, originally secured in 2021, for developing India’s largest solar-wind hybrid renewable cluster in Rajasthan. The new long-term financing has a 19-year door-to-door tenor and follows a fully amortized debt model aligned with the asset’s lifecycle. This refinancing completes AGEL’s capital management program for the portfolio, ensuring long-term financial stability by matching financing…
Author: PPD Team Date: 23/01/2025 Power Grid Corporation of India Ltd (PGCIL) announced that its subsidiary, Powergrid Sikar Transmission Ltd, has received notification for the commercial operation of “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part-C.” The project, which was fully commissioned on December 19, 2024, became operational on January 22, 2025. PGCIL, selected as the developer under TBCB, operates the project through Powergrid…
Author: PPD Team Date: 28/10/2024 Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power Projects. The contract includes the complete HM scope, covering procurement, manufacturing, inspection, assembly, testing, painting, transportation, storage, site erection, and commissioning of equipment such as radial gates, stoplogs, gantry cranes, trash racks, and steel liners for pressure shafts. …
Author: PPD Team Date: 13/11/2024 Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with…
Author: PPD Team Date: 05/03/2025 ACME Solar Holdings Limited plans to invest Rs 170 billion in capital expenditure in the calendar year 2026 to expand its renewable energy capacity to 5,000 MW by 2027, focusing on hybrid and firm dispatchable renewable energy (FDRE) projects. The company aims to triple its capacity to 7,000 MW by 2028, rolling out expansion in two phases starting in April 2025. While primarily focused on solar, wind, and hybrid energy,…
Author: PPD Team Date: 23/10/2024 France is preparing to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25. The French Energy Ministry has identified key locations for these projects, including offshore areas near Fecamp in northwest France, Brittany, the western Gascogne Gulf, and the southern Mediterranean coast. French Energy Minister Olga Givernet, during a visit to Fecamp, emphasized that the installations align with France’s…
Author: PPD Team Date: 05/03/2025 Adani Green Energy Limited (AGEL) has refinanced its $1.06 billion construction facility. AGEL refinanced its maiden construction facility, originally secured in 2021, for developing India’s largest solar-wind hybrid renewable cluster in Rajasthan. The new long-term financing has a 19-year door-to-door tenor and follows a fully amortized debt model aligned with the asset’s lifecycle. This refinancing completes AGEL’s capital management program for the portfolio, ensuring long-term financial stability by matching financing…
Author: PPD Team Date: 23/01/2025 Power Grid Corporation of India Ltd (PGCIL) announced that its subsidiary, Powergrid Sikar Transmission Ltd, has received notification for the commercial operation of “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II Part-C.” The project, which was fully commissioned on December 19, 2024, became operational on January 22, 2025. PGCIL, selected as the developer under TBCB, operates the project through Powergrid…
Author: PPD Team Date: 28/10/2024 Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power Projects. The contract includes the complete HM scope, covering procurement, manufacturing, inspection, assembly, testing, painting, transportation, storage, site erection, and commissioning of equipment such as radial gates, stoplogs, gantry cranes, trash racks, and steel liners for pressure shafts. …
Author: PPD Team Date: 13/11/2024 Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with…