Author: PPD Team Date: 23/01/2025
The Government of Telangana has signed a Memorandum of Understanding (MoU) with Megha Engineering and Infrastructures Limited (MEIL) to establish a 2,160 MW Pumped Storage Project (PSP) in the state.
The project entails an investment of Rs.110 billion and is expected to boost the state’s renewable energy capacity and infrastructure. The MoU was signed on January 21, 2025.
Author: PPD Team Date: 05/12/2024 Adani Energy Solutions (AESL) has been named the preferred bidder for a transmission project under the special purpose vehicle (SPV) “Rajasthan Part-I Power Transmission.” The project, valued at approximately Rs 250 billion, will be AESL’s largest order once officially awarded. The project, tendered through a re-bid process under tariff-based competitive bidding (TBCB), is part of the interstate transmission system (ISTS) named “Transmission system for evacuation of power from REZ in…
Author: PPD Team Date: 28/10/2024 The Department of Energy (DOE) in the Philippines has approved 19 projects for grid assessment via the National Grid Corporation of the Philippines (NGCP). These projects will undergo a system impact study to evaluate grid readiness for new energy connections and identify required upgrades. Seventeen of the approved projects focus on renewable energy, with two involving waste-to-energy and battery energy storage systems. Notable projects include Vortex Offshore Wind Corporation’s 1,000…
Author: PPD Team Date: 04/02/2025 GAIL India Limited has raised its startup investment fund from Rs 1 billion to Rs 5 billion to support emerging enterprises in clean energy, renewables, energy storage, electric mobility, and digital transformation. This initiative aims to provide enhanced financial and strategic support to entrepreneurs, fostering innovation and sustainability in India’s energy and technology sectors. Currently, GAIL holds a renewable energy portfolio of 132 MW, with 118 MW in wind and…
Author: PPD Team Date: 17/01/2025 UK oil and gas giant bp is set to sign an agreement with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region of northern Iraq. The deal could be signed by early February, as stated by Iraq’s Oil Minister Hayan Abdel-Ghani to Reuters. The project aims to increase the production capacity of the fields from 350,000 barrels per day (bpd) to 500,000 bpd, supplying…
Author: PPD Team Date: 28/10/2024 Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, have formed a strategic collaboration to establish Stiesdal Offshore as a leading player in the floating wind sector. As part of this partnership, CI V has acquired a minority stake in Stiesdal Offshore. Stiesdal will provide engineering services and project execution support, focusing on reducing costs, simplifying project execution, and accelerating the growth of floating…
Author: PPD Team Date: 06/11/2024 In October, India’s renewable energy sector surged with 16 new tenders, totalling a capacity of 11,098 MW. Auctions allocated 6,316 MW to various developers, pushing India’s total renewable capacity beyond 200 GW, including large hydro, while total electricity generation capacity reached 452.69 GW. Rajasthan, Gujarat, Tamil Nadu, and Karnataka led in renewable installations. Key tenders included NHPC’s 1,200 MW solar and SECI’s 1,200 MW round-the-clock renewables. NTPC launched a 1,200…