Author: PPD Team Date: January 6, 2025
SJVN Limited and the Government of Bihar (GoB) signed an MoU on December 31, 2024, to develop the 1,000 MW Hathidah-Durgawati Pumped Storage Project and other similar projects in Bihar.
The 1,000 MW (4×250 MW) Hathidah-Durgawati project will be built on the Durgawati River in Kaimur, Bihar, at an estimated cost of Rs 56,630 million.
Author: PPD Team Date: December 2, 2025 Uttar Pradesh has announced a new scheme that offers major relief on overdue electricity bills. The Bijli Bill Rahat Yojana from Uttar Pradesh Power Corporation Ltd starts on December 1 and provides a full waiver of surcharge and interest for eligible users, along with a cut in the principal amount. The scheme applies to domestic consumers under LMV 1 with loads up to 2 kW and small commercial…
Author: PPD Team Date: December 20, 2024 Romanian state-owned nuclear power producer Nuclearelectrica has signed a €1.9 billion ($1.97 billion) engineering, procurement, and construction (EPC) contract to extend the life of Unit 1 at the Cernavoda nuclear power plant. The contract was awarded to a consortium consisting of Ansaldo Nucleare, Candu Energy, AtkinsRéalis, Canadian Commercial Corporation, and Korea Hydro & Nuclear Power (KHNP). Pending approval from the Canadian government and Nuclearelectrica shareholders, the project will…
Author: PPD Team Date: December 26, 2024 Adani Enterprises Limited (AEL) has announced plans to set up an Ultra Super Critical Thermal Power Plant in Bihar. The project will involve an investment of Rs 200 billion.
Author: PPD Team Date: August 6, 2025 The International Energy Agency (IEA) has reported that the cost of capital for clean energy projects in emerging markets and developing economies (EMDEs) remains at least twice as high as in advanced economies. This disparity continues to limit energy investment flows to these regions. In its third update, the IEA’s Cost of Capital Observatory expanded its scope to include hydroelectric power and Southeast Asia. Despite global energy investment…
Author: PPD Team Date: November 6, 2025 Fourth Partner Energy has raised Rs 7.80 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF-IFL) for a major part of its rooftop solar portfolio. The transaction consolidates multiple project sites, off-takers, and regulatory frameworks under a single lender arrangement. The refinancing aims to streamline the company’s capital structure and strengthen its rooftop solar business. Fourth Partner Energy has already commissioned over 1.2 GW of open access projects…
Author: PPD Team Date: January 10, 2025 Energy infrastructure company LS Power has acquired Algonquin Power & Utilities’ renewable energy business, adding over 3GW of wind and solar assets across the US and Canada to its portfolio. This expands LS Power’s renewable energy capacity, which exceeds 23GW. The acquisition, agreed upon in August 2024, has led to the creation of Clearlight Energy, a new entity managing 44 projects and advancing a 1.8GW development pipeline. Clearlight…