REC PDCL forms two SPVs for new transmission projects in Maharashtra
Author: PPD Team Date: April 4, 2025
Author: PPD Team Date: April 4, 2025
REC Power Distribution Company Limited (REC PDCL) has set up two special purpose vehicles (SPVs) to develop upcoming transmission projects in Maharashtra.
On March 28, 2025, Jejuri Hinjewadi Power Transmission Limited was incorporated. It will implement the Network Expansion scheme in Maharashtra for removal of Transmission constraints in Pune Region-I & providing supply to Data Centre Loads.
The second SPV, Velgaon Power Transmission Limited, was incorporated on March 29, 2025. It will handle the Establishment of 400/220 kV Velgaon Substation (GIS).
Both SPVs have been formed as part of efforts to strengthen the regional transmission infrastructure.
Author: PPD Team Date: November 4, 2024 ENGIE North America has signed an environmental attributes purchase agreement (EAPA) with Meta to supply 260MW of renewable energy from its Sypert Branch solar project near Austin, Texas. The solar facility, located close to Meta’s data centre in Temple, will deliver 100% of its output to Meta, advancing the tech giant’s renewable energy portfolio, which already exceeds 12GW. Set to begin operations in late 2025, Sypert Branch will…
Author: PPD Team Date: May 14, 2025 The Cabinet of Arunachal Pradesh has approved the formation of NEEPCO Arunachal Hydro Power Corporation, a joint venture between the Government of Arunachal Pradesh (GoAP) and North Eastern Electric Power Corporation Limited (NEEPCO). The JV will implement five hydro electric projects (HEPs) with a combined capacity of 2,626 MW in the state. The approved projects are: 1,000 MW Naying Hydro Electric Project 700 MW Tato-II Hydro Electric Project…
Author: PPD Team Date: October 21, 2024 Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares. The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
Author: PPD Team Date: January 16, 2025 The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed, attracting over $3bn in global investor interest. This inaugural bond, part of CCMM’s borrowing programme launched at COP29 in November 2024, aims to scale up clean technology and infrastructure projects in developing countries. Final pricing was set…
Author: PPD Team Date: May 7, 2025 Hero Future Energies (HFE) has signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for setting up 270 MW of Inter-State Transmission System (ISTS)-connected solar power projects. The project will also include a 135 MW/540 MWh energy storage system (ESS) under Tranche-XVII, marking a significant step in India’s renewable energy efforts. In December 2024, HFE won the bid for the project by…
Author: PPD Team Date: November 4, 2024 GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has appointed Worley Chemetics to design and fabricate the isolation condenser system for its BWRX-300 small modular reactor (SMR). This partnership brings Worley Chemetics into the BWRX-300 qualified supplier group, enhancing Ontario’s nuclear supply chain with its fabrication facility in Pickering, Canada. Worley Chemetics’ president, Andrew Barr, expressed enthusiasm for the collaboration, highlighting its 60-year experience in sustainable process…