Adani unit takes charge of Rajasthan Part I HVDC project
Author: PPD Team Date: November 17, 2025
Author: PPD Team Date: November 17, 2025
AESL Projects Limited has taken over all responsibilities for the Rajasthan Part I Power Transmission Limited HVDC project through a novation agreement signed on November 14, 2025. The move places the entire set of rights and obligations with the Adani Energy Solutions subsidiary for the link that will move renewable energy from Rajasthan and Uttar Pradesh.
The project covers the design and execution of an HVDC link connected to Bhadla III in Rajasthan and Fatehpur in Uttar Pradesh. BHEL and Hitachi Energy India had received the Letter of Intent from RPPTL on February 9, 2025. Both companies later signed Supply and Services Contracts on April 3, 2025.
RPPTL chose to shift its contractual role to APL during project execution. The novation agreement signed on November 14, 2025 was disclosed by BHEL on November 15, 2025 and by Hitachi Energy India on November 16, 2025 under SEBI Listing Regulations.
The companies stated that the scope, timelines, and commercial terms remain the same. APL now holds full responsibility for all past, ongoing, and future duties linked to the project.
Author: PPD Team Date: November 7, 2024 Sterling Tech-Mobility has announced plans to set up a manufacturing facility in Bengaluru, Karnataka, in partnership with Chinese firm Kunshan GLVAC Yuantong New Energy Technology. This initiative will focus on producing high-voltage DC (HVDC) contactors and relays, essential components for electric and hybrid vehicles (EVs and HEVs). Projected to generate Rs 2.5 billion in revenue by FY30, the facility aims to strengthen India’s EV supply chain by enabling…
Author: PPD Team Date: January 17, 2025 Japan Bank for International Cooperation (JBIC) has signed an agreement with Power Finance Corporation Limited (PFC) to finance renewable energy projects in India. Under the agreement, JBIC and PFC will establish a credit line of Rs 66.73 billion (120 billion JPY), with JBIC contributing Rs 40.04 billion (72 billion JPY). This initiative is part of JBIC’s GREEN (Global action for Reconciling Economic growth and Environmental preservation) operations. The…
Author: PPD Team Date: May 12, 2025 The Central Electricity Regulatory Commission (CERC) has issued the draft Deviation Settlement Mechanism and Related Matters (Second Amendment) Regulations, 2025, proposing limited payments for infirm power injected by thermal generating stations before trial runs. Currently, under the DSM Regulations, 2024, no payments are made for infirm power unless scheduled after a successful trial run. Thermal generators raised concerns about unrecovered fuel costs during mandatory testing. The Ministry of…
Author: PPD Team Date: June 30, 2025 The joint venture of ACEN and UPC Renewables has commenced construction of two large-scale renewable energy projects in India. The work began on June 25, 2025, and includes a 420 MW solar power project in Rajasthan and a 120 MW wind power project in Karnataka. The wind project in Karnataka is being developed for SJVN Limited. UPC Renewables India Management Private Limited won the capacity in August 2024…
Author: PPD Team Date: August 26, 2025 The Indian Renewable Energy Development Agency Limited (IREDA) has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the financial year 2025-26. Under the agreement, IREDA has been given a Revenue from Operations target of Rs 8,200 crore for FY 2025-26. In the previous fiscal year, the company achieved Rs 6,743.32 crore in revenue, surpassing the set target of Rs…
Author: PPD Team Date: July 4, 2025 Oswal Energies Limited has kicked off its Rs 3.2 billion green hydrogen project with the delivery of the first 1 MW electrolyser stack. The equipment, supplied by Greenzo Energy India Limited, marks the start of a 20 MW project being developed under a build-operate-transfer model. The project targets the chemical and fertiliser sectors as end users. Oswal plans to commission plant capacities between 0.5 MW and 5 MW…