Author: PPD Team Date: January 22, 2025
Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited) has received a Letter of Intent (LoI) to develop a 105 MWp solar power project on an engineering, procurement, and construction (EPC) basis in India.
The LoI, valued at Rs 2,772 million, was awarded on January 20, 2025. The project is scheduled for completion in the financial year 2026.
Author: PPD Team Date: August 11, 2025 The Supreme Court has ruled that electricity tariffs under the Electricity Act, 2003 must be fixed by the relevant State Electricity Regulatory Commission, not through private arrangements between distribution companies and project developers. The judgment concludes a prolonged dispute between Gujarat Urja Vikas Nigam Limited (GUVNL) and several wind energy firms over tariffs in their Power Purchase Agreements (PPAs). The matter began when four wind energy companies, which…
Author: PPD Team Date: March 31, 2026 Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for the main plant package of the 3×800 MW Telangana Stage-II supercritical thermal power project in Peddapalli district, Telangana. The contract is valued at over Rs 13,500 crore, excluding Goods and Services Tax (GST). The NOA was issued on March 29, 2026, following a Limited Notice to Proceed (LNTP) granted in November 2024…
Author: PPD Team Date: November 8, 2024 The Lagos State Government in Nigeria has invited bids from investors, independent power producers, and energy solution providers to develop up to 4 GW of gas-fired power plants. This initiative, part of the Clean Lagos Electricity Market plan, aims to alleviate the city’s chronic power outages, which have impacted both households and businesses. While Lagos requires over 6 GW of electricity, it currently receives only up to 2…
Author: PPD Team Date: July 23, 2025 India’s first fully indigenous geothermal power project will be developed in Tawang, Arunachal Pradesh, as reported by Moneycontrol. The 50-kilowatt plant will operate at a relatively low temperature of 68 degrees Celsius, making it a technological first for the Himalayan region. The project is a collaboration between the Centre for Earth Sciences and Himalayan Studies (CESHS) and the Shriram Institute for Industrial Research (SIIR). The Ministry of New…
Author: PPD Team Date: August 7, 2025 The Ministry of Power has circulated a revised draft notification specifying Renewable Consumption Obligation (RCO) requirements under the Energy Conservation Act, 2001. Issued on 5 August 2025, the draft is open for stakeholder feedback until 19 August. It replaces the previous version dated 20 October 2023. The RCO framework outlines annual minimum shares of electricity to be sourced from renewable energy by designated consumers. These include distribution licensees,…
Author: PPD Team Date: August 22, 2025 REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has issued Request for Proposal bids for selection of transmission service providers through tariff-based competitive bidding (TBCB) for two intra-state transmission projects in Karnataka. The first scheme involves establishing a 2 x 150 MVA, 220/66/11 kV gas insulated station at Devanahalli (New) in Bengaluru Rural district. It includes associated 220 kV and 66 kV…