Author: PPD Team Date: 19/12/2024
Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP).
The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Author: PPD Team Date: 26/12/2024 Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of Rs 3.05 per kWh. Adani Renewable Energy Holding Twelve Limited (Adani Green Energy Limited (AGEL))…
Author: PPD Team Date: 20/12/2024 Adani Transmission Limited (ATL) and DigiSmart Networks Private Limited have submitted bids to serve as the Advanced Metering Infrastructure Service Provider (AMISP) for smart prepaid metering in Goa. The project, under the Goa Revamped Distribution Sector Scheme (RDSS), will follow a design, build, finance, own, operate, and transfer (DBFOOT) model. The Department of Power (DoP), Goa invited bids for the Rs 3,961.18 million project in January 2024.
Author: PPD Team Date: 20/01/2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, along with the Sandrini BESS storage facility. These plants share grid connection infrastructure and have a combined installed capacity of 499…
Author: PPD Team Date: 09/04/2025 Trincomalee Power Company Limited (TPCL), a 50:50 joint venture between NTPC Limited and Sri Lanka’s Ceylon Electricity Board (CEB), has started work on a 50 MW solar project in Sri Lanka’s eastern province. This marks a key step in cross-border energy cooperation. The project is part of a larger plan to develop 120 MW of solar capacity in phases. Phase I, comprising the initial 50 MW, has secured both the…
Author: PPD Team Date: 02/02/2025 Official extract from finance minister Nirmala Sitharaman’s budget speech 1. Nuclear Energy: Scaling Capacity and Private Partnerships The Budget prioritizes nuclear energy as a cornerstone of India’s long-term energy transition. Finance Minister Nirmala Sitharaman stated: “Development of at least 100 GW of nuclear energy by 2047 is essential for our energy transition efforts. For an active partnership with the private sector towards this goal, amendments to the Atomic Energy Act and the Civil Liability for…
Author: PPD Team Date: 05/06/2025 THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units of 250 MW each. Once all units are operational, the total installed capacity of the…
Author: PPD Team Date: 26/12/2024 Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of Rs 3.05 per kWh. Adani Renewable Energy Holding Twelve Limited (Adani Green Energy Limited (AGEL))…
Author: PPD Team Date: 20/12/2024 Adani Transmission Limited (ATL) and DigiSmart Networks Private Limited have submitted bids to serve as the Advanced Metering Infrastructure Service Provider (AMISP) for smart prepaid metering in Goa. The project, under the Goa Revamped Distribution Sector Scheme (RDSS), will follow a design, build, finance, own, operate, and transfer (DBFOOT) model. The Department of Power (DoP), Goa invited bids for the Rs 3,961.18 million project in January 2024.
Author: PPD Team Date: 20/01/2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under construction in California, US. The projects include the Sandrini 100 and Sandrini 200 solar farms, along with the Sandrini BESS storage facility. These plants share grid connection infrastructure and have a combined installed capacity of 499…
Author: PPD Team Date: 09/04/2025 Trincomalee Power Company Limited (TPCL), a 50:50 joint venture between NTPC Limited and Sri Lanka’s Ceylon Electricity Board (CEB), has started work on a 50 MW solar project in Sri Lanka’s eastern province. This marks a key step in cross-border energy cooperation. The project is part of a larger plan to develop 120 MW of solar capacity in phases. Phase I, comprising the initial 50 MW, has secured both the…
Author: PPD Team Date: 02/02/2025 Official extract from finance minister Nirmala Sitharaman’s budget speech 1. Nuclear Energy: Scaling Capacity and Private Partnerships The Budget prioritizes nuclear energy as a cornerstone of India’s long-term energy transition. Finance Minister Nirmala Sitharaman stated: “Development of at least 100 GW of nuclear energy by 2047 is essential for our energy transition efforts. For an active partnership with the private sector towards this goal, amendments to the Atomic Energy Act and the Civil Liability for…
Author: PPD Team Date: 05/06/2025 THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units of 250 MW each. Once all units are operational, the total installed capacity of the…
Author: PPD Team Date: 26/12/2024 Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew Power Ventures Private Limited) won 250 MW with a tariff of Rs 3.04 per kWh. ACME Solar Holdings Private Limited secured 300 MW with a tariff of Rs 3.05 per kWh. Adani Renewable Energy Holding Twelve Limited (Adani Green Energy Limited (AGEL))…
Author: PPD Team Date: 20/12/2024 Adani Transmission Limited (ATL) and DigiSmart Networks Private Limited have submitted bids to serve as the Advanced Metering Infrastructure Service Provider (AMISP) for smart prepaid metering in Goa. The project, under the Goa Revamped Distribution Sector Scheme (RDSS), will follow a design, build, finance, own, operate, and transfer (DBFOOT) model. The Department of Power (DoP), Goa invited bids for the Rs 3,961.18 million project in January 2024.