Adani Group signs pact for key electricity transmission lines in Kenya
Author: PPD Team Date: 15/10/2024
Author: PPD Team Date: 15/10/2024
Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts.
The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by AESL. The Kenyan government will not bear any financial burden for the project. AESL will manage the transmission lines and substations for 30 years before transferring ownership to Ketraco.
The agreement involves the development of three transmission lines and two substations, with the project cost to be finalised through a competitive bidding process. Kenya’s Cabinet Secretary for Energy, Opiyo Wandayi, emphasized the significance of this partnership in aligning with Kenya’s long-term development goals.
Author: PPD Team Date: 20/12/2024 AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt’s Aswan Governorate. The plant will generate around 1,500 GWh of renewable energy annually, reducing carbon emissions by 782,300 tonnes. The project was completed in 18 months. Additionally, AMEA Power has signed a power purchase agreement (PPA) and land agreement for a 500 MW wind project in Egypt. The Abydos Solar PV Plant received financing from the International…
Author: PPD Team Date: 23/04/2025 Coal India Limited (CIL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to jointly develop a 2×800 MW ultra supercritical coal-fired power plant at the Chandrapura thermal power station in Jharkhand. This project, a brownfield expansion, will increase the plant’s capacity from the existing 2×250 MW. The proposed plant will require a total investment of Rs. 165 billion, with the joint venture based on a 50:50…
Author: PPD Team Date: 31/03/2025 The Ministry of Coal has launched the 12th tranche of commercial coal mine auctions, offering 28 coal and lignite blocks for bidding. The auction includes 25 coal mines under the Coal Mines (Special Provisions) Act, 2015 (CMSP) and 18 under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), along with two lignite mines. Thirteen are fully explored and ready for development, while 12 offer long-term investment opportunities. Mines…
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…
Author: PPD Team Date: 19/12/2024 Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan. Jindal Renewables is developing around 3 GW of renewable energy assets with power off-take agreements in place. By 2030, the company plans to expand its portfolio to 12 GW, including storage facilities and green hydrogen production. Grew Energy, a venture of Chiripal Group, manufactures solar modules with a 6.4 GW…
Author: PPD Team Date: 24/12/2024 The Low Carbon Contracts Company (LCCC) has signed three hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1), part of the UK government’s Hydrogen Production Business Model. These initial agreements include the Cromarty, Whitelee, and West Wales projects, with a combined capacity of 31.8 megawatts (MW). The Hydrogen Production Business Model offers long-term revenue support to hydrogen producers, reducing investment risks and fostering the hydrogen economy. It builds on the…
Author: PPD Team Date: 20/12/2024 AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt’s Aswan Governorate. The plant will generate around 1,500 GWh of renewable energy annually, reducing carbon emissions by 782,300 tonnes. The project was completed in 18 months. Additionally, AMEA Power has signed a power purchase agreement (PPA) and land agreement for a 500 MW wind project in Egypt. The Abydos Solar PV Plant received financing from the International…
Author: PPD Team Date: 23/04/2025 Coal India Limited (CIL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to jointly develop a 2×800 MW ultra supercritical coal-fired power plant at the Chandrapura thermal power station in Jharkhand. This project, a brownfield expansion, will increase the plant’s capacity from the existing 2×250 MW. The proposed plant will require a total investment of Rs. 165 billion, with the joint venture based on a 50:50…
Author: PPD Team Date: 31/03/2025 The Ministry of Coal has launched the 12th tranche of commercial coal mine auctions, offering 28 coal and lignite blocks for bidding. The auction includes 25 coal mines under the Coal Mines (Special Provisions) Act, 2015 (CMSP) and 18 under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR), along with two lignite mines. Thirteen are fully explored and ready for development, while 12 offer long-term investment opportunities. Mines…
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…
Author: PPD Team Date: 19/12/2024 Grew Energy has announced it will supply 500 MW of solar modules for Jindal Renewables’ solar power project in Rajasthan. Jindal Renewables is developing around 3 GW of renewable energy assets with power off-take agreements in place. By 2030, the company plans to expand its portfolio to 12 GW, including storage facilities and green hydrogen production. Grew Energy, a venture of Chiripal Group, manufactures solar modules with a 6.4 GW…
Author: PPD Team Date: 24/12/2024 The Low Carbon Contracts Company (LCCC) has signed three hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1), part of the UK government’s Hydrogen Production Business Model. These initial agreements include the Cromarty, Whitelee, and West Wales projects, with a combined capacity of 31.8 megawatts (MW). The Hydrogen Production Business Model offers long-term revenue support to hydrogen producers, reducing investment risks and fostering the hydrogen economy. It builds on the…
Author: PPD Team Date: 20/12/2024 AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt’s Aswan Governorate. The plant will generate around 1,500 GWh of renewable energy annually, reducing carbon emissions by 782,300 tonnes. The project was completed in 18 months. Additionally, AMEA Power has signed a power purchase agreement (PPA) and land agreement for a 500 MW wind project in Egypt. The Abydos Solar PV Plant received financing from the International…
Author: PPD Team Date: 23/04/2025 Coal India Limited (CIL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to jointly develop a 2×800 MW ultra supercritical coal-fired power plant at the Chandrapura thermal power station in Jharkhand. This project, a brownfield expansion, will increase the plant’s capacity from the existing 2×250 MW. The proposed plant will require a total investment of Rs. 165 billion, with the joint venture based on a 50:50…