Adani Energy acquires Pune-III Transmission for Khavda project
Author: PPD Team Date: 21/11/2024
Author: PPD Team Date: 21/11/2024
Adani Energy Solutions Limited (AESL) acquired Pune-III Transmission Limited, a special purpose vehicle (SPV) for development of the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-IV (7GW): Part D on November 19, 2024.
PFC Consulting Limited (PFCCL) served as the bid process coordinator (BPC) for selection of transmission service provider (TSP) for establishment of the project through tariff based competitive bidding (TBCB) mode process on build, own, operate, and transfer (BOOT) basis.
Author: PPD Team Date: 24/01/2025 CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.
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Author: PPD Team Date: 06/01/2025 Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit. The company recently inspected potential sites in the Additional Butibori industrial estate of the Maharashtra Industrial Development Corporation (MIDC). If finalized, this project will contribute to Nagpur’s growing renewable energy equipment manufacturing sector. Total proposed investments in…
Author: PPD Team Date: 04/12/2024 NLC India Limited’s joint venture, Neyveli Uttar Pradesh Power Limited (NUPPL), has completed a 72-hour full-load trial for the first 660 MW unit of the Ghatampur Thermal Power Station in Uttar Pradesh. The trial, concluded on December 3, 2024, is a key step toward declaring commercial operation. NUPPL, jointly owned by NLC India (51%) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (49%), is developing the 1,980 MW (3×660 MW)…
Author: PPD Team Date: 24/06/2025 The Electric Power Transmission Association (EPTA) has asked the government to ease the planned phase-out of the interstate transmission system (ISTS) waiver, set to begin on July 1, 2025. EPTA warned that the proposed 25% yearly withdrawal could disrupt projects and raise costs for commercial and industrial (C&I) consumers. It suggested a slower 10% annual phase-out and a milestone-based relief for delayed but advanced projects. The association requested a 6–9…
Author: PPD Team Date: 24/01/2025 CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.
Author: PPD Team Date: 13/01/2025 Virginia Transformer is exploring a potential sale that could value the company at more than $6 billion, according to Bloomberg sources. The company, led by CEO Prabhat K Jain, is one of North America’s largest US-owned power transformer manufacturers. The company is working with an adviser to assess buyer interest, although there is no guarantee that a sale will occur. Founded in the 1970s, Virginia Transformer manufactures essential products for…
Author: PPD Team Date: 16/01/2025 Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions. This investment will fund a portfolio of greenfield C&I solar rooftop projects in Vietnam and marks the Mirova Gigaton Fund’s first investment in the country. The senior debt financing will enable ecoligo to expand its C&I solar business in Vietnam, further advancing Sustainable Development Goal (SDG) 13,…
Author: PPD Team Date: 06/01/2025 Waaree Energies Limited (WEL), India’s largest solar PV module manufacturer, is exploring a 500-acre land acquisition in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing unit. The company recently inspected potential sites in the Additional Butibori industrial estate of the Maharashtra Industrial Development Corporation (MIDC). If finalized, this project will contribute to Nagpur’s growing renewable energy equipment manufacturing sector. Total proposed investments in…
Author: PPD Team Date: 04/12/2024 NLC India Limited’s joint venture, Neyveli Uttar Pradesh Power Limited (NUPPL), has completed a 72-hour full-load trial for the first 660 MW unit of the Ghatampur Thermal Power Station in Uttar Pradesh. The trial, concluded on December 3, 2024, is a key step toward declaring commercial operation. NUPPL, jointly owned by NLC India (51%) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (49%), is developing the 1,980 MW (3×660 MW)…
Author: PPD Team Date: 24/06/2025 The Electric Power Transmission Association (EPTA) has asked the government to ease the planned phase-out of the interstate transmission system (ISTS) waiver, set to begin on July 1, 2025. EPTA warned that the proposed 25% yearly withdrawal could disrupt projects and raise costs for commercial and industrial (C&I) consumers. It suggested a slower 10% annual phase-out and a milestone-based relief for delayed but advanced projects. The association requested a 6–9…
Author: PPD Team Date: 24/01/2025 CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.
Author: PPD Team Date: 13/01/2025 Virginia Transformer is exploring a potential sale that could value the company at more than $6 billion, according to Bloomberg sources. The company, led by CEO Prabhat K Jain, is one of North America’s largest US-owned power transformer manufacturers. The company is working with an adviser to assess buyer interest, although there is no guarantee that a sale will occur. Founded in the 1970s, Virginia Transformer manufactures essential products for…