Author: PPD Team Date: 13/01/2025
NTPC Limited plans to commission Unit-III of the North Karanpura (Pakri Barwadih) Power Project by March 2025.
The project, located near Tandwa town in Chatra district, Jharkhand, involves three units of 660 MW each and is being developed at an investment of Rs 151.64 billion.
Bharat Heavy Electricals Limited (BHEL) is the engineering, procurement, and construction (EPC) contractor for the project.
Author: PPD Team Date: 23/10/2024 Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power. The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes…
Author: PPD Team Date: 18/03/2025 NTPC Renewable Energy Limited (NTPC REL) has fully commissioned the 105 MW Unit-1 of its solar power project in Madhya Pradesh. The final 50 MW capacity under the project began commercial operations on March 13, 2025, completing the development of Unit-1. This project is part of the larger 325 MW Shajapur Solar Power Park, which includes Unit-1 (105 MW) and Unit-2 (220 MW). NTPCGE Power Services Private Limited (NGSL) is…
Author: PPD Team Date: 18/12/2024 Cubico Sustainable Investments has achieved financial close for the Wambo wind farm project in Queensland, Australia. The project comprises the 252MW Stage I and 254MW Stage II wind farms. Two separate five-year project finance facilities, totalling A$650m ($412m), have been secured. The funding comes from a consortium of banks, including ANZ, Crédit Agricole, ING, NAB, and Westpac. ANZ is also providing bank guarantee facilities, while NAB acts as the agent,…
Author: PPD Team Date: 16/12/2024 Kazakhstan Electricity Grid Operating Company (KEGOC) has signed loan agreements with the European Bank for Reconstruction and Development (EBRD) and the Development Bank of Kazakhstan for a total of KZT141 billion. Of this, up to KZT32 billion is from the Development Bank of Kazakhstan. The funds will support the West Kazakhstan Electricity Interconnection Project, which includes constructing the 604.3 km, 500 kV Karabatan–Ulke transmission line along the Atyrau-Aktobe motorway, expanding…
Author: PPD Team Date: 22/11/2024 On November 16, 2024, ACWA Power signed a binding Implementation Agreement (IA) with Uzbekistan’s Ministry of Energy to develop up to 2 GWh of standalone Battery Energy Storage Systems (BESS) across the country. The agreement was formalized during COP29 in Baku, Azerbaijan, in the presence of Uzbek President Shavkat Mirziyoyev, Azerbaijani President Ilham Aliyev, and Saudi Energy Minister Prince Abdulaziz bin Salman. The IA builds on a Memorandum of Understanding…
Author: PPD Team Date: 17/02/2025 According to the International Energy Agency (IEA), global electricity demand is projected to grow by 4% each year until 2027, equating to more than Japan’s total consumption. This growth will be primarily offset by the expansion of low-emissions energy sources, such as renewables and nuclear power. Emerging and developing economies will account for 85% of this demand growth, with China leading the charge. China’s power demand is expected to grow…
Author: PPD Team Date: 23/10/2024 Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power. The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes…
Author: PPD Team Date: 18/03/2025 NTPC Renewable Energy Limited (NTPC REL) has fully commissioned the 105 MW Unit-1 of its solar power project in Madhya Pradesh. The final 50 MW capacity under the project began commercial operations on March 13, 2025, completing the development of Unit-1. This project is part of the larger 325 MW Shajapur Solar Power Park, which includes Unit-1 (105 MW) and Unit-2 (220 MW). NTPCGE Power Services Private Limited (NGSL) is…
Author: PPD Team Date: 18/12/2024 Cubico Sustainable Investments has achieved financial close for the Wambo wind farm project in Queensland, Australia. The project comprises the 252MW Stage I and 254MW Stage II wind farms. Two separate five-year project finance facilities, totalling A$650m ($412m), have been secured. The funding comes from a consortium of banks, including ANZ, Crédit Agricole, ING, NAB, and Westpac. ANZ is also providing bank guarantee facilities, while NAB acts as the agent,…
Author: PPD Team Date: 16/12/2024 Kazakhstan Electricity Grid Operating Company (KEGOC) has signed loan agreements with the European Bank for Reconstruction and Development (EBRD) and the Development Bank of Kazakhstan for a total of KZT141 billion. Of this, up to KZT32 billion is from the Development Bank of Kazakhstan. The funds will support the West Kazakhstan Electricity Interconnection Project, which includes constructing the 604.3 km, 500 kV Karabatan–Ulke transmission line along the Atyrau-Aktobe motorway, expanding…
Author: PPD Team Date: 22/11/2024 On November 16, 2024, ACWA Power signed a binding Implementation Agreement (IA) with Uzbekistan’s Ministry of Energy to develop up to 2 GWh of standalone Battery Energy Storage Systems (BESS) across the country. The agreement was formalized during COP29 in Baku, Azerbaijan, in the presence of Uzbek President Shavkat Mirziyoyev, Azerbaijani President Ilham Aliyev, and Saudi Energy Minister Prince Abdulaziz bin Salman. The IA builds on a Memorandum of Understanding…
Author: PPD Team Date: 17/02/2025 According to the International Energy Agency (IEA), global electricity demand is projected to grow by 4% each year until 2027, equating to more than Japan’s total consumption. This growth will be primarily offset by the expansion of low-emissions energy sources, such as renewables and nuclear power. Emerging and developing economies will account for 85% of this demand growth, with China leading the charge. China’s power demand is expected to grow…
Author: PPD Team Date: 23/10/2024 Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power. The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes…
Author: PPD Team Date: 18/03/2025 NTPC Renewable Energy Limited (NTPC REL) has fully commissioned the 105 MW Unit-1 of its solar power project in Madhya Pradesh. The final 50 MW capacity under the project began commercial operations on March 13, 2025, completing the development of Unit-1. This project is part of the larger 325 MW Shajapur Solar Power Park, which includes Unit-1 (105 MW) and Unit-2 (220 MW). NTPCGE Power Services Private Limited (NGSL) is…