Author: PPD Team Date: 07/01/2025
Gensol Engineering Limited has secured an engineering, procurement, and construction (EPC) contract for a 275 MW solar photovoltaic project at the Khavda Rann renewable energy solar park in Kutch, Gujarat.
The project, valued at Rs 10.61 billion, also includes three years of operations and maintenance.
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…
Author: PPD Team Date: 07/11/2024 The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19, 2024. Selected entities will receive financial support covering up to 50 per cent of project costs, aimed at advancing green hydrogen production, storage, and utilisation. The CoEs will facilitate research, skill development,…
Author: PPD Team Date: 19/05/2025 Afcones Infratech Private Limited has secured a contract worth Rs 0.82 million for survey-related work for three hydroelectric projects in Arunachal Pradesh. The contract involves establishing ground control points (GCPs), connecting the GCP network, and validating the topographical survey with a contour plan map using Universal Transverse Mercator (UTM) coordinates. The three projects are the 420 MW Amulin Hydro Electric Project, the 500 MW Emini Hydro Power Project, and the…
Author: PPD Team Date: 15/01/2025 Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have agreed to acquire a 19.9% stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. KKR and PSP Investments have established a 50/50 strategic partnership to complete the acquisition. The investment will support AEP in addressing increasing customer demand and improving grid reliability. AEP will retain majority ownership and…
Author: PPD Team Date: 21/11/2024 Satvik Green Energy has reportedly filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 11.50 billion through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 8.50 billion and an offer for sale of Rs 3 billion by the company’s promoters. Proceeds from the IPO will be utilized to repay debt, invest in the…
Author: PPD Team Date: 15/01/2025 O2 Power has secured an order to develop an 800 MWh battery energy storage system (BESS) under the Solar Energy Corporation of India Limited’s competitive bidding for the firm dispatchable renewable energy (FDRE VI) program. The BESS project will be located near an operational substation in Rajasthan, taking advantage of the state’s abundant solar and land resources. It will use existing evacuation infrastructure to minimize delays and combine battery storage…
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…
Author: PPD Team Date: 07/11/2024 The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19, 2024. Selected entities will receive financial support covering up to 50 per cent of project costs, aimed at advancing green hydrogen production, storage, and utilisation. The CoEs will facilitate research, skill development,…
Author: PPD Team Date: 19/05/2025 Afcones Infratech Private Limited has secured a contract worth Rs 0.82 million for survey-related work for three hydroelectric projects in Arunachal Pradesh. The contract involves establishing ground control points (GCPs), connecting the GCP network, and validating the topographical survey with a contour plan map using Universal Transverse Mercator (UTM) coordinates. The three projects are the 420 MW Amulin Hydro Electric Project, the 500 MW Emini Hydro Power Project, and the…
Author: PPD Team Date: 15/01/2025 Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have agreed to acquire a 19.9% stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. KKR and PSP Investments have established a 50/50 strategic partnership to complete the acquisition. The investment will support AEP in addressing increasing customer demand and improving grid reliability. AEP will retain majority ownership and…
Author: PPD Team Date: 21/11/2024 Satvik Green Energy has reportedly filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 11.50 billion through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 8.50 billion and an offer for sale of Rs 3 billion by the company’s promoters. Proceeds from the IPO will be utilized to repay debt, invest in the…
Author: PPD Team Date: 15/01/2025 O2 Power has secured an order to develop an 800 MWh battery energy storage system (BESS) under the Solar Energy Corporation of India Limited’s competitive bidding for the firm dispatchable renewable energy (FDRE VI) program. The BESS project will be located near an operational substation in Rajasthan, taking advantage of the state’s abundant solar and land resources. It will use existing evacuation infrastructure to minimize delays and combine battery storage…
Author: PPD Team Date: 24/03/2025 The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months for implementation. Due to declining BESS prices, the initial target of 4,000 MWh has been…
Author: PPD Team Date: 07/11/2024 The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19, 2024. Selected entities will receive financial support covering up to 50 per cent of project costs, aimed at advancing green hydrogen production, storage, and utilisation. The CoEs will facilitate research, skill development,…