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ACWA signs PPA for 60 MW Saguling floating solar project in Indonesia
ACWA Power has signed a power purchase agreement (PPA) with PT Perusahaan Listrik Negara (PLN) for the 60 MW Saguling floating solar photovoltaic (PV) project in Indonesia. This project is part of PLN’s strategy to increase the share of renewables to 23% by 2025. The Saguling project, along with the Singkarak floating solar PV project, represents a combined investment of USD 105 million.
Iberdrola to acquire remaining 18% stake in Avangrid for $2.55bn
Spanish utility Iberdrola has announced that Avangrid shareholders have approved its $2.55 billion proposal to acquire the remaining 18% stake in the company. Shareholders will receive $35.75 per share, representing a 15.2% premium over the 30-day weighted average price before the acquisition’s March announcement. The acquisition will enhance Avangrid’s ability to secure financial resources needed for investments in transmission and distribution networks in states like New York, Connecticut, Maine, and Massachusetts. Following regulatory clearances, Avangrid…
PGCIL, Adani, Sterlite Power in race for Gujarat’s HVDC transmission project
Three players—Power Grid Corporation of India Ltd (PGCIL), Adani Energy Solutions Ltd (AESL), and Sterlite Power—have qualified to compete for a major interstate transmission system (ISTS) scheme in Gujarat, involving high-voltage direct current (HVDC) technology. The scheme is part of the Khavda V-A Power Transmission project, aimed at evacuating 8 GW of renewable energy from the Khavda region in Gujarat. Developer selection is being conducted through tariff-based competitive bidding (TBCB). The project is estimated to…
EVNSPC completes 18 out of 25 power grid projects in Southern Vietnam
Vietnam Electricity’s Southern Power Corporation (EVNSPC) initiated the construction of 25 power grid projects at 110 kV during the first nine months of 2024, completing 18 of them. Among the notable achievements is the Phong Dien substation in Can Tho City, with a capacity of 80 MVA and an investment of nearly VND82.75 billion. EVNSPC worked closely with local authorities to overcome challenges related to site clearance, compensation, and the relocation of power grid infrastructure,…
Aurionpro Solutions wins Rs 1.5 billion contract for NCR Tier-III data centre
Aurionpro Solutions has won a major Rs 1.5 billion contract for a Tier-III edge data centre in the National Capital Region (NCR), awarded by a leading data centre colocation provider in India. The contract encompasses full-scale design and turnkey construction for the edge data centre. Additionally, Aurionpro secured design consultancy contracts worth approximately Rs 200 million for two more projects in Mumbai and Chennai, supporting IT loads of 85 MW and 20 MW, respectively.
HP Green R&D Centre inks tie-up with EIL for hydrogen technology
Hindustan Petroleum Corporation’s R&D arm, HP Green R&D Centre (HPGRDC), has entered a collaboration with Engineers India Limited (EIL) to commercialise its indigenous hydrogen pressure swing adsorption (HP-PSA) technology. Under this partnership, HPCL will act as the “Technology Licensor,” while EIL will be the exclusive “Technology & Engineering Partner,” responsible for engineering, marketing, and commercialising HP-PSA technology across India. The HP-PSA technology, developed by HPGRDC, has proven effective with a six-bed hydrogen PSA unit at…