Author: PPD Team Date: 18/12/2024
Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion.
KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.
Author: PPD Team Date: 17/01/2025 Lubi Industries has secured a contract from Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC electric vehicle (EV) chargers across India. These chargers, with a 60 kW capacity, will be installed at BPCL retail outlets to provide reliable and efficient charging solutions for EV users. This project represents a significant portion of the annual DC charger installations in India and supports the country’s expanding…
Author: PPD Team Date: 21/11/2024 Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in November 2024…
Author: PPD Team Date: 01/10/2024 Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in a phased…
Author: PPD Team Date: 15/04/2025 Iraq has signed three memoranda of understanding (MoUs) with US entities to develop large-scale energy projects for reducing dependence on Iranian imports and diversifying its power sources. The Iraqi prime minister’s media office announced the agreements as part of the country’s broader energy strategy. Under the first MoU, GE Vernova will develop combined-cycle gas power plants with a total capacity of 24 GW. This is expected to be Iraq’s largest…
Author: PPD Team Date: 16/10/2024 Nexif Ratch Energy has announced the financial close of its 145 MWp Bacolod solar power project, its second solar venture in the Philippines. The ground-mounted project, located across Bacolod City and Bago City in Negros Occidental province, will provide clean energy to approximately 52,600 households. The project will connect to the National Grid Corporation of the Philippines’ Bacolod substation. Most of the electricity generated will be sold to a subsidiary…
Author: PPD Team Date: 16/12/2024 Masdar, an Abu Dhabi-based future energy company, has inaugurated the 500MW Zarafshan wind farm in Uzbekistan, marking the largest wind facility in Central Asia. The project was officially opened by Uzbekistan’s President Shavkat Mirziyoyev, underscoring the country’s dedication to expanding its clean energy capacity and its partnership with the UAE in advancing renewable energy. Masdar CEO Mohamed Jameel Al Ramahi emphasized Uzbekistan’s role as a key hub for renewable energy,…
Author: PPD Team Date: 17/01/2025 Lubi Industries has secured a contract from Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC electric vehicle (EV) chargers across India. These chargers, with a 60 kW capacity, will be installed at BPCL retail outlets to provide reliable and efficient charging solutions for EV users. This project represents a significant portion of the annual DC charger installations in India and supports the country’s expanding…
Author: PPD Team Date: 21/11/2024 Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in November 2024…
Author: PPD Team Date: 01/10/2024 Power Grid Corporation of India Ltd (PGCIL) has entered into a shareholder agreement with state transmission utility Rajasthan Rajya Vidyut Prasaran Ltd (RVPNL) to establish a joint venture (JV) company. As per a stock exchange filing, PGCIL will hold a 74% equity stake in the JV, while RVPNL will own the remaining 26%. The proposed JV aims to execute projects valued at up to Rs 10 billion in a phased…
Author: PPD Team Date: 15/04/2025 Iraq has signed three memoranda of understanding (MoUs) with US entities to develop large-scale energy projects for reducing dependence on Iranian imports and diversifying its power sources. The Iraqi prime minister’s media office announced the agreements as part of the country’s broader energy strategy. Under the first MoU, GE Vernova will develop combined-cycle gas power plants with a total capacity of 24 GW. This is expected to be Iraq’s largest…
Author: PPD Team Date: 16/10/2024 Nexif Ratch Energy has announced the financial close of its 145 MWp Bacolod solar power project, its second solar venture in the Philippines. The ground-mounted project, located across Bacolod City and Bago City in Negros Occidental province, will provide clean energy to approximately 52,600 households. The project will connect to the National Grid Corporation of the Philippines’ Bacolod substation. Most of the electricity generated will be sold to a subsidiary…
Author: PPD Team Date: 16/12/2024 Masdar, an Abu Dhabi-based future energy company, has inaugurated the 500MW Zarafshan wind farm in Uzbekistan, marking the largest wind facility in Central Asia. The project was officially opened by Uzbekistan’s President Shavkat Mirziyoyev, underscoring the country’s dedication to expanding its clean energy capacity and its partnership with the UAE in advancing renewable energy. Masdar CEO Mohamed Jameel Al Ramahi emphasized Uzbekistan’s role as a key hub for renewable energy,…
Author: PPD Team Date: 17/01/2025 Lubi Industries has secured a contract from Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC electric vehicle (EV) chargers across India. These chargers, with a 60 kW capacity, will be installed at BPCL retail outlets to provide reliable and efficient charging solutions for EV users. This project represents a significant portion of the annual DC charger installations in India and supports the country’s expanding…
Author: PPD Team Date: 21/11/2024 Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in November 2024…