Author: PPD Team Date: 20/12/2024
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company.
RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be completed by May 2025.
Author: PPD Team Date: 08/11/2024 STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu Hitam, Kedah, Malaysia. This agreement, under Malaysia’s Corporate Green Power Program, supports ST’s 2027 targets for carbon neutrality and full renewable energy sourcing across its operations, including its high-volume…
Author: PPD Team Date: 20/12/2024 SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will be used to strengthen the company’s financial position. The company’s board also approved the conversion…
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: 03/02/2025 Seftech India Private Limited and Suryam International Private Limited have secured Letters of Award (LoAs) for developing 28 MW solar power projects in Chandrapur and Majri areas of Western Coalfields Limited (WCL), Maharashtra. Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited (CIL), invited bids in June 2024. Seftech India received an LoA worth Rs 255.25 million for a 5 MW solar project on 12 hectares…
Author: PPD Team Date: 17/03/2025 Four companies have secured contracts to develop a total of 1,200 MW of Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects under NHPC Limited’s Tranche-X bidding. These projects can be developed anywhere in India on a build, own, and operate (BOO) basis, with or without Energy Storage Systems (ESS). The winners include Sprng Vayu Vidyut Private Limited (Sprng Energy Private Limited), which secured 150 MW at a tariff of Rs…
Author: PPD Team Date: 28/11/2024 KEC International Ltd. has secured new Transmission and Distribution (T&D) orders worth Rs 17.04 billion from Power Grid Corporation of India Limited (PGCIL). The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations. These orders bring KEC International’s year-to-date (YTD) order intake to Rs 163 billion, a 60% growth compared to the same period last year. Mr Vimal Kejriwal, MD & CEO of KEC…
Author: PPD Team Date: 08/11/2024 STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu Hitam, Kedah, Malaysia. This agreement, under Malaysia’s Corporate Green Power Program, supports ST’s 2027 targets for carbon neutrality and full renewable energy sourcing across its operations, including its high-volume…
Author: PPD Team Date: 20/12/2024 SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will be used to strengthen the company’s financial position. The company’s board also approved the conversion…
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: 03/02/2025 Seftech India Private Limited and Suryam International Private Limited have secured Letters of Award (LoAs) for developing 28 MW solar power projects in Chandrapur and Majri areas of Western Coalfields Limited (WCL), Maharashtra. Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited (CIL), invited bids in June 2024. Seftech India received an LoA worth Rs 255.25 million for a 5 MW solar project on 12 hectares…
Author: PPD Team Date: 17/03/2025 Four companies have secured contracts to develop a total of 1,200 MW of Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects under NHPC Limited’s Tranche-X bidding. These projects can be developed anywhere in India on a build, own, and operate (BOO) basis, with or without Energy Storage Systems (ESS). The winners include Sprng Vayu Vidyut Private Limited (Sprng Energy Private Limited), which secured 150 MW at a tariff of Rs…
Author: PPD Team Date: 28/11/2024 KEC International Ltd. has secured new Transmission and Distribution (T&D) orders worth Rs 17.04 billion from Power Grid Corporation of India Limited (PGCIL). The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations. These orders bring KEC International’s year-to-date (YTD) order intake to Rs 163 billion, a 60% growth compared to the same period last year. Mr Vimal Kejriwal, MD & CEO of KEC…
Author: PPD Team Date: 08/11/2024 STMicroelectronics has signed a 21-year power purchase agreement with BKH Solar, a joint venture between ENGIE Renewable SEA Pte Ltd and Conextone Energy Sdn Bhd, to procure around 50 GWh of renewable energy annually from a solar farm in Bukit Kayu Hitam, Kedah, Malaysia. This agreement, under Malaysia’s Corporate Green Power Program, supports ST’s 2027 targets for carbon neutrality and full renewable energy sourcing across its operations, including its high-volume…
Author: PPD Team Date: 20/12/2024 SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will be used to strengthen the company’s financial position. The company’s board also approved the conversion…