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ABO Energy sells South African BESS projects to EDF
ABO Energy has sold the rights to two battery energy storage systems (BESS) in South Africa to French utility Électricité de France (EDF) after advancing them to ready-to-build status. EDF secured preferred bidder status for both projects on November 30, 2023, under South Africa’s first Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). The…
Rajesh Power secures order for rural and tribal power upgrades in Gujarat
Rajesh Power Limited has received a turnkey contract worth Rs 2.20 billion from Madhya Gujarat Vij Company Limited (MGVCL). The order involves the supply, installation, testing, and commissioning of 11 kV medium voltage covered conductor infrastructure. The work will be carried out across multiple locations in Gujarat under two state schemes, the Kisan Suryoday Yojana…
Powerica signs PPA with GUVNL for 100 MW wind project
Powerica Limited has signed a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 100 MW wind power project in Gujarat. According to the company’s regulatory filing, the project will be developed at a tariff of Rs 3.435/kWh under a 25-year PPA and has a stipulated execution timeline…
GIZ India signs MoU with Tripura to support renewable energy initiatives
GIZ India has signed a Memorandum of Understanding (MoU) with the Department of Power, Government of Tripura, Tripura State Electricity Corporation Limited (TSECL), and Tripura Renewable Energy Development Agency (TREDA) to support the state’s clean energy transition over the next three years. The partnership will focus on expanding renewable energy deployment, strengthening institutional capacity, and…
Powergrid InvIT announces H1 FY2024-25 results
Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders….
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Jindal Power to acquire 1,350 MW Jhajjar Power Project
Jindal Power Limited has entered into an agreement to acquire the 1,350 MW Jhajjar Power Project in Haryana from Apraava Energy. The transaction involves the transfer of all paid-up share capital of Jhajjar Power Limited (JPL), a wholly owned subsidiary of Apraava Energy, to Jindal Jhajjar Power Limited, a subsidiary of Jindal Power. The acquisition…
