Author: PPD Team Date: 20/01/2025
Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year.
The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: 12/11/2024 Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion. The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines. CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…
Author: PPD Team Date: 22/11/2024 The Central Electricity Authority (CEA) reports that transmission and transformation capacity additions in the first seven months (April-October) of FY25 have surpassed planned targets. This marks the first instance of exceeding the target in FY25. A total of 4,337 circuit kilometres (ckm) of transmission lines were added, 10% higher than the planned 4,762 ckm. Similarly, 33,265 MVA of substation capacity was achieved, surpassing the target of 30,780 MVA by 8%….
Author: PPD Team Date: 06/03/2025 Tractebel Engineering Private Limited has secured contracts in six packages for independent engineering (IE) services in six transmission projects. The contracts, awarded through bids invited by Central Transmission Utility India Limited (CTUIL) in December 2024, amount to a total of Rs 59.6 million. The awarded contract amounts are as follows – Rs 9.7 million for the Transmission system strengthening for interconnections of Bhadla-III & Bikaner-III complex. Rs 6.03 million for…
Author: PPD Team Date: 14/11/2024 The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The total project…
Author: PPD Team Date: 12/02/2025 Neoenergia, Iberdrola’s Brazilian subsidiary, has sold its 70% stake in the Baixo Iguaçu Hydroelectric Power Plant to EDF and STOA for 1,430 million Brazilian reals (approximately €240 million). Located in Paraná, the plant has an installed capacity of 350 MW and assured energy of 172 MWm. This transaction supports Iberdrola’s asset rotation strategy, focusing on optimizing its portfolio, creating value, maintaining capital discipline, and simplifying its structure. Neoenergia operates across…