Author: PPD Team Date: 31/12/2024
Power Mech Projects Limited has secured a Rs 1.86 billion contract from Jaiprakash Power Ventures Limited (JPVL) to provide operation and maintenance (O&M) services for the 2×660 MW Jaypee Nigrie super thermal power plant in Madhya Pradesh.
The contract covers five years, with a first-year value of Rs 31 million per month. From January 2026, a monthly price escalation will apply based on the wholesale price index.
Author: PPD Team Date: 14/11/2024 Orlen Group has received a 3.5 billion zlotys ($866.6 million) loan from the European Investment Bank (EIB) to fund a major program aimed at modernizing and strengthening Poland’s electricity distribution network. The loan, to be disbursed in tranches over three years, will have a repayment period of up to 15 years. The initial tranche of financing is valued at 900 million zlotys. Energa Operator, Orlen’s distribution subsidiary, will lead the…
Author: PPD Team Date: 19/02/2025 TKIL Industries Private Limited has secured the lowest bidder (L1) position by quoting Rs 619.9 million for the stacker cum reclaimer package at the 2×800 MW Koderma Thermal Power Expansion Project. Bharat Heavy Electricals Limited (BHEL) invited bids for the package in October 2024. Promac Engineering Industries Limited and ISGEC Heavy Engineering Limited were the second-lowest (L2) and third-lowest (L3) bidders, quoting Rs 681.4 million and Rs 720.2 million, respectively….
Author: PPD Team Date: 24/10/2024 The Ministry of Coal has published the high-powered expert committee (HPEC) report on the gainful utilisation of overburden (OB) in the coal sector. The HPEC, comprising experts from various ministries, NITI Aayog, and coal companies, examined ways to repurpose OB—typically composed of soil, rock, and other discarded materials during coal mining—into valuable resources for economic growth and environmental sustainability. The report outlines strategies for processing OB to produce manufactured sand…
Author: PPD Team Date: 11/12/2024 Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan. The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.
Author: PPD Team Date: 21/10/2024 Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu visited the historic 110 MW Shanan Power House in Mandi district, emphasizing the need for its control to be transferred to the Himachal Pradesh government following the expiration of the lease period. Although the power house is currently operated by the Punjab government, Sukhu mentioned that discussions are ongoing regarding its handover. He noted that the Shanan project, built over a century ago,…
Author: PPD Team Date: 10/03/2025 Jindal Power Limited (JPL) has received a Letter of Intent (LoI) to acquire Bhadreshwar Vidyut Private Limited for Rs 5 billion. The Gujarat-based thermal power company operates the Kutch Coal-Based Power Project and was undergoing a corporate insolvency resolution process (CIRP). Bhadreshwar Vidyut, formerly known as OPG Power Gujarat Private Limited (OPGL), is a subsidiary of OPG Power Ventures Plc. The company set up a coal-based thermal power station in…