Author: PPD Team Date: 27/12/2024
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Author: PPD Team Date: 09/01/2025 CG Power and Industrial Solutions Limited has secured a Rs 583 million contract from Power Grid Corporation of India Limited (PGCIL). The contract covers the supply of 400kV Shunt Reactors, including 2X125MVAR, 2X80MVAR, and 2X50MVAR reactors, under the Bulk Procurement of 765kV and 400kV class transformers and reactors. Other bidders included Bharat Heavy Electricals Limited and GE T&D India Limited.
Author: PPD Team Date: 11/02/2025 Jindal Nuclear Power Private Limited, a wholly owned subsidiary of Jindal Renewables, has announced plans to develop 18,000 MW of nuclear power capacity by 2047. This aligns with the Government of India’s target of achieving 100,000 MW of nuclear capacity by the same year. The announcement follows Tata Power’s interest in small modular reactors (SMRs) after the government allowed private investment in the nuclear sector. Tata Power CEO Praveer Sinha…
Author: PPD Team Date: 25/11/2024 In recent orders, the Central Electricity Regulatory Commission (CERC) has granted transmission licences to three projects: Khavda Phase-IV Renewable Energy Project:CERC has granted a transmission license to POWERGRID Khavda IV-E2 Power Transmission Limited, a subsidiary of Power Grid Corporation of India Limited (PGCIL). The project, part of Gujarat’s Khavda Phase-IV (7 GW), will operate under the Build, Own, Operate, and Transfer (BOOT) method. It includes the augmentation of transformation capacity…
Author: PPD Team Date: 08/01/2025 The Competition Commission of India has approved Gentari Renewables India’s acquisition of 21 special purpose vehicles (SPVs) and holding companies engaged in solar and wind power generation and sales. Gentari Renewables India, a subsidiary of Petroliam Nasional Berhad (Petronas), is focused on providing clean energy solutions, including renewable energy, hydrogen, and green mobility. In December 2024, Gentari signed a power purchase agreement with AM Green Ammonia India to supply 650…
Author: PPD Team Date: 03/01/2025 The Gujarat Electricity Regulatory Commission (GERC) has approved a power purchase agreement (PPA) between Jubilant Infrastructure, a subsidiary of Jubilant Ingrevia, and O2 Renewable Energy III, part of O2 Power, for 9 MW of wind-solar hybrid power at Rs 4.13 per kWh. Jubilant Infrastructure, an SEZ developer with a distribution licence since 2012, faced delays in operations due to low energy demand and an underdeveloped network. In August 2023, it…
Author: PPD Team Date: 16/01/2025 Avina Clean Hydrogen (Avina) has completed the Front-End Engineering Design (FEED) and Front-End-Loading (FEL-3) for its 2,200 metric tons per day (MTPD) clean ammonia facility on the Texas Gulf Coast. The final investment decision (FID) for the facility is targeted for 2025. The facility is expected to produce up to 600,000 metric tonnes per annum (MTPA) of blue ammonia. Avina has secured a long-term water supply agreement with the local…