NTPC wins 1,000 MW solar power order from UPPCL
Author: PPD Team Date: January 7, 2025
Author: PPD Team Date: January 7, 2025
NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy (NGEL), has secured a 1,000 MW solar power order from Uttar Pradesh Power Corporation (UPPCL) following a successful bid in an e-reverse auction on 3 January 2025.
This capacity is part of a larger 2,000 MW initiative for ISTS-connected solar photovoltaic (PV) power projects across India under tariff-based competitive bidding.Â
NTPC REL won the bid with a competitive tariff of Rs 2.56 per kWh and is now awaiting a formal letter of award from UPPCL to proceed.
Author: PPD Team Date: July 28, 2025 Indian Energy Exchange (IEX), Adani Energy Solutions Ltd (AESL), and REC Ltd have reported improved financial performance for the first quarter (Q1) of financial year 2025–26. IEX posted a net profit of Rs 120 crore, up from Rs 96 crore in Q1FY25. Total income for the quarter stood at Rs 1,825.12 crore, while consolidated net sales rose 14.72% year-on-year (Y-o-Y) to Rs 141.75 crore.  AESL reported a net…
Author: PPD Team Date: November 12, 2024 Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million. Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus…
Author: PPD Team Date: July 8, 2025 Union Minister for Coal and Mines Shri G. Kishan Reddy has released two key strategy documents—the Copper Vision Document and the Aluminium Vision Document. Both aim to secure raw materials and support India’s long-term growth in energy, transport, and infrastructure. The announcement was made at the International Conference on Sustainable and Responsible Mining in Hyderabad. The Copper Vision Document projects a six-fold rise in demand by 2047. It…
Author: PPD Team Date: December 5, 2025 Insolation Green Energy, a wholly owned subsidiary of Insolation Energy, has received two solar PV module supply orders with a combined value of about Rs 5.16 billion. The first is a Rs 3.57 billion purchase order for n-type TOPCon modules from a private sector power producer. The company has also secured orders worth about Rs 1.59 billion to supply modules for projects under the Pradhan Mantri Kisan Urja…
Author: PPD Team Date: June 13, 2025 SEPC Power Private Limited has received a Letter of Award (LoA) worth Rs 6,500 million from Parmeshi Urja Limited on June 10, 2025. The contract is for setting up a cumulative 133 MW decentralised solar power capacity in Maharashtra. Parmeshi Urja is a wholly-owned subsidiary of India Power Corporation Limited (IPCL). The project is part of a broader 225 MW decentralised solar initiative for feeder-level solarisation under the…
Author: PPD Team Date: August 7, 2025 Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW currently. Out of the total planned investment, Rs 200 billion will be directed…