Goa signs PPA with NTPC for supply from Sipat Stage-III plant
Author: PPD Team Date: July 18, 2025
Author: PPD Team Date: July 18, 2025
The Goa electricity department has signed a power purchase agreement (PPA) with the National Thermal Power Corporation (NTPC) for sourcing power from the Sipat Stage-III power plant in Bilaspur, Chhattisgarh.
Goa does not operate any in-state generation facilities and relies entirely on power purchases from NTPC’s central pool to meet its electricity demand. The deal will allow Goa to draw power from the NTPC plant as part of its central allocation.
The Sipat Stage-III project will add a new 800 MW supercritical unit to the existing thermal power station. In 2024, NTPC awarded a Rs 61 billion engineering, procurement, and construction (EPC) contract for the Sipat Stage-III unit to Bharat Heavy Electricals Ltd (BHEL). With this addition, Sipat’s installed capacity will increase from 2,980 MW to 3,780 MW, with four out of six units operating on supercritical technology. The plant supplies power to multiple states in the western region, including Maharashtra, Goa, Chhattisgarh, Madhya Pradesh, and the union territory of Dadra Nagar Haveli and Daman & Diu.
Author: PPD Team Date: January 30, 2026 Clarion Wind Farm Private Limited, a material stepdown subsidiary of Orient Green Power Company Limited (OGPCL), has approved a contract with Suzlon Energy Limited for the supply of wind energy generators for repowering an existing wind farm in Tamil Nadu. The contract was approved by the Investment, Borrowing and Banking Committee of Clarion Wind Farm on January 28, 2026, and was signed and executed on the same day….
Author: PPD Team Date: December 17, 2024 Vireon Hydrogen has received a €3.8 million grant from Business Finland to develop a 5 MW electrolyser facility at the Jyväskylä Hydrogen Hub in Finland. Phase one of the project focuses on constructing a hydrogen refueling station for heavy-duty transport, partly funded by a previous EU grant, and is expected to be operational by 2025. Phase two, supported by the new grant, will expand the hub with a…
Author: PPD Team Date: May 11, 2025 Coal India Limited (CIL) has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited to set up 4,500 MW of wind-solar hybrid power capacity in India. The agreement was signed on May 7, 2025. AM Green Ammonia is a wholly-owned subsidiary of AM Green Energy Private Limited. Under the partnership, CIL will develop approximately 2,500 MW to 3,000 MW of solar and 1,500 MW…
Author: PPD Team Date: February 5, 2026 Tata Power Company Limited reported robust financial performance for the third quarter and nine month period of fiscal year 2026, led by strong growth in its renewable energy, manufacturing, and distribution businesses. For the quarter ended December 31, 2025, Tata Power recorded consolidated profit after tax of Rs 1,194 crore. Revenue stood at Rs 14,485 crore, while earnings before interest, taxes, depreciation, and amortisation came in at Rs…
Author: PPD Team Date: June 9, 2025 Vedanta Limited has scaled up its round-the-clock (RTC) renewable energy capacity to 1.03 GW through a combination of wind, solar, and pumped storage projects. This expansion is expected to reduce carbon emissions by over 6 million tonnes each year. As part of its decarbonisation plan, the company reported using 2.61 billion units of renewable energy in its operations. Vedanta also runs one of the largest lithium-ion forklift fleets…
Author: PPD Team Date: January 8, 2025 German electrolysis manufacturer Sunfire has secured €200 million ($207.6 million) in guaranteed financing to advance its electrolysis technology. The financing is provided by a consortium led by Commerzbank, including Société Générale, BNP Paribas, LBBW, and Ostsächsische Sparkasse Dresden. The commitment reflects strong support from financial institutions and policymakers for the scale-up of climate technology. The financing will be used to secure customer advance payments and fulfil contract and…