Author: PPD Team Date: 06/12/2024
Advait Energy Transitions has secured an order for the supply of 24 F optical ground wire (OPGW) cables on a turnkey basis for the 400 KV Kurukshetra-Malerkotla transmission line.
The contract, awarded by NRSS XXXI (B) Transmission, includes both supply and installation under a build, own, and operate model.
The project is scheduled to be completed within seven months.
Author: PPD Team Date: 17/04/2025 BC Jindal Group has announced plans to invest Rs 150 billion by 2030 to enter the renewable energy component manufacturing space. The conglomerate, which already has an annual turnover of over Rs 180 billion, is setting its sights on solar and battery storage as part of its green energy roadmap. The group’s foray will begin with a Rs 40 billion investment in the first phase. This includes establishing a 2…
Author: PPD Team Date: 07/11/2024 Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast. This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with a $10 billion investment, Gippsland Dawn aims to be operational by 2031, with up to…
Author: PPD Team Date: 26/02/2025 Madhya Pradesh has signed multiple Memorandums of Understanding (MoUs) with key energy companies at the Global Investors Summit 2025, securing investments across renewable energy, pumped storage, and other infrastructure projects. These include: SECI: The Solar Energy Corporation of India Limited (SECI) signed an MoU with the state government to develop a 200 MW solar project in Dhar and a 1,000 MWh battery storage project. SECI has proposed a phase-wise investment…
Author: PPD Team Date: 12/11/2024 Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million. Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification,…
Author: PPD Team Date: 01/05/2025 Adani Power Limited has reported a net profit of Rs 127.50 billion in 2024–25, a decline of 38.78 percent from Rs 208.29 billion recorded in the previous year. Total income fell 2.28 percent to Rs 589.06 billion in FY25 from Rs 602.81 billion in FY24. However, one source indicated a 10 percent growth in revenue during the period. The company posted a net profit of Rs 27.37 billion for the…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…