Adani Energy to raise Rs 43 billion via QIP
Author: PPD Team Date: 04/06/2025
Author: PPD Team Date: 04/06/2025
Adani Energy Solutions Limited (AESL) has approved raising Rs 43 billion through a qualified institutional placement (QIP), to be executed in one or more tranches.
This move follows a series of recent fundraises by the Adani Group. In April 2025, it secured USD 750 million for an acquisition, with BlackRock subscribing to a third of the bond issue. Separately, Adani Ports raised USD 150 million via a bilateral loan from DBS Group Holdings Limited.
Proceeds from the QIP will be used to strengthen AESL’s balance sheet and fund its infrastructure and clean energy initiatives. Recently, the company secured the transmission project for evacuating power from 1,500 MW pumped storage projects (PSPs) near Talegaon, Maharashtra.
Once operational, AESL’s transmission network will expand to 26,696 circuit kilometres (ckm) and 93,236 MVA of transformation capacity. Its total transmission order book now stands at Rs 616 billion.
Author: PPD Team Date: 23/10/2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…
Author: PPD Team Date: 02/12/2024 The Ministry of Power (MoP) has released a draft amendment to the Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024. The draft outlines the framework for establishing EV charging infrastructure, including networks of charging stations equipped to meet diverse EV charging needs. The proposed guidelines define EV charging infrastructure as comprising various components such as connections to discom supply systems, power management systems for energy optimization, tools for…
Author: PPD Team Date: 23/05/2025 Patel Engineering Limited has secured an EPC (engineering, procurement, and construction) contract worth Rs 7.11 billion from NEEPCO Limited for the 240 MW Heo hydropower project in Arunachal Pradesh. The project is located in the Shi Yomi district and is scheduled for completion within 44 months. The scope of work includes civil works, infrastructure construction, testing, commissioning, and hydro-mechanical systems installation. The 240 MW project (3×80 MW units) is expected…
Author: PPD Team Date: 02/06/2025 The Ministry of New and Renewable Energy (MNRE) has invited proposals under the “Innovative Projects” component of the PM Surya Ghar: Muft Bijli Yojana. The call aims to support new technologies and business models that advance rooftop solar (RTS) adoption across India. The deadline for proposal submission is 29 July 2025. The National Institute of Solar Energy (NISE) will act as the implementation agency. It will oversee project progress, fund…
Author: PPD Team Date: 04/04/2025 Senvion India has announced that its 3.1M130 wind turbine is now included in the Ministry of New and Renewable Energy’s (MNRE) Revised List of Models and Manufacturers (RLMM), issued in April 2025. Commercial grid-connected installations are set to begin across India. The 3.1M130 turbine features a 130-metre rotor, based on the 2XM platform, and is designed for pad constraint sites where capacity is limited by location. It is fully designed,…
Author: PPD Team Date: 23/10/2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…
Author: PPD Team Date: 02/12/2024 The Ministry of Power (MoP) has released a draft amendment to the Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024. The draft outlines the framework for establishing EV charging infrastructure, including networks of charging stations equipped to meet diverse EV charging needs. The proposed guidelines define EV charging infrastructure as comprising various components such as connections to discom supply systems, power management systems for energy optimization, tools for…
Author: PPD Team Date: 23/05/2025 Patel Engineering Limited has secured an EPC (engineering, procurement, and construction) contract worth Rs 7.11 billion from NEEPCO Limited for the 240 MW Heo hydropower project in Arunachal Pradesh. The project is located in the Shi Yomi district and is scheduled for completion within 44 months. The scope of work includes civil works, infrastructure construction, testing, commissioning, and hydro-mechanical systems installation. The 240 MW project (3×80 MW units) is expected…
Author: PPD Team Date: 02/06/2025 The Ministry of New and Renewable Energy (MNRE) has invited proposals under the “Innovative Projects” component of the PM Surya Ghar: Muft Bijli Yojana. The call aims to support new technologies and business models that advance rooftop solar (RTS) adoption across India. The deadline for proposal submission is 29 July 2025. The National Institute of Solar Energy (NISE) will act as the implementation agency. It will oversee project progress, fund…
Author: PPD Team Date: 04/04/2025 Senvion India has announced that its 3.1M130 wind turbine is now included in the Ministry of New and Renewable Energy’s (MNRE) Revised List of Models and Manufacturers (RLMM), issued in April 2025. Commercial grid-connected installations are set to begin across India. The 3.1M130 turbine features a 130-metre rotor, based on the 2XM platform, and is designed for pad constraint sites where capacity is limited by location. It is fully designed,…
Author: PPD Team Date: 23/10/2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private…
Author: PPD Team Date: 14/11/2024 Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to repurpose sites of retired coal-based thermal plants for this purpose. At the recent Power Ministers’…