Author: PPD Team Date: 12/11/2024
Adani Energy Solutions Limited (AESL) has acquired Progressive Grid Networks Limited (PGNL) in Kenya to explore power transmission opportunities across East Africa.
PGNL’s initial share capital stands at KES 1 billion, divided into 100,000 ordinary shares valued at KES 1,000 each. Through this acquisition, AESL secures full ownership by acquiring 100 per cent of the shares through cash consideration.
Author: PPD Team Date: 04/11/2024 The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre. This transmission hub will play a key role…
Author: PPD Team Date: 12/09/2024 The Ministry of New and Renewable Energy (MNRE) has unveiled draft guidelines for financial assistance and payment security under the ‘PM Surya Ghar—Muft Bijli Yojana‘ rooftop solar scheme. These guidelines focus on providing central financial assistance to residential consumers through Renewable Energy Services Company (RESCO) and Utility Led Aggregation (ULA) models. The scheme is set to run until March 31, 2027. Under the RESCO model, a third-party renewable energy company…
Author: PPD Team Date: 16/05/2025 NHPC Limited has issued Letters of Award (LoAs) to four developers for setting up a total of 2,400 MW of Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India. These projects, awarded under Tranche-X, may include Energy Storage Systems (ESS) and will be developed on a build, own, and operate (BOO) basis. Sprng Vayu Vidyut Private Limited (Sprng Energy) secured 150 MW by quoting a tariff of Rs 3.41…
Author: PPD Team Date: 14/05/2025 Maharashtra State Electricity Transmission Company Limited (MSETCL) has invited bids for three major projects with a combined estimated cost of over Rs 10.7 billion. The tenders cover STATCOM installations and a large-scale conductor replacement effort across key 400 kV substations and lines. On May 8, 2025, MSETCL issued a tender for the supply, installation, and commissioning of a ±200 MVAR STATCOM system. This includes a 400 kV outdoor GIS (Gas…
Author: PPD Team Date: 19/12/2024 Sembcorp Green Infra (SGIPL), a unit of Sembcorp Industries, has secured a 150 MW solar project with a 300 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SGIPL has received the letter of award (LoA) for the project. This marks Sembcorp’s first solar-BESS hybrid project in India, bringing its gross renewable capacity in the country to nearly six GW, including over two GW of greenfield…
Author: PPD Team Date: 03/12/2024 PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV), Kurnool-III PS RE Transmission, for the Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects. The project will be implemented through tariff-based competitive bidding (TBCB), with PFCCL serving as the bid process coordinator (BPC). The initiative addresses the need for immediate integration and evacuation of power from additional…
Author: PPD Team Date: 04/11/2024 The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre. This transmission hub will play a key role…
Author: PPD Team Date: 12/09/2024 The Ministry of New and Renewable Energy (MNRE) has unveiled draft guidelines for financial assistance and payment security under the ‘PM Surya Ghar—Muft Bijli Yojana‘ rooftop solar scheme. These guidelines focus on providing central financial assistance to residential consumers through Renewable Energy Services Company (RESCO) and Utility Led Aggregation (ULA) models. The scheme is set to run until March 31, 2027. Under the RESCO model, a third-party renewable energy company…
Author: PPD Team Date: 16/05/2025 NHPC Limited has issued Letters of Award (LoAs) to four developers for setting up a total of 2,400 MW of Inter-State Transmission System (ISTS)-connected wind-solar hybrid power projects across India. These projects, awarded under Tranche-X, may include Energy Storage Systems (ESS) and will be developed on a build, own, and operate (BOO) basis. Sprng Vayu Vidyut Private Limited (Sprng Energy) secured 150 MW by quoting a tariff of Rs 3.41…
Author: PPD Team Date: 14/05/2025 Maharashtra State Electricity Transmission Company Limited (MSETCL) has invited bids for three major projects with a combined estimated cost of over Rs 10.7 billion. The tenders cover STATCOM installations and a large-scale conductor replacement effort across key 400 kV substations and lines. On May 8, 2025, MSETCL issued a tender for the supply, installation, and commissioning of a ±200 MVAR STATCOM system. This includes a 400 kV outdoor GIS (Gas…
Author: PPD Team Date: 19/12/2024 Sembcorp Green Infra (SGIPL), a unit of Sembcorp Industries, has secured a 150 MW solar project with a 300 MWh battery energy storage system (BESS) from Solar Energy Corporation of India (SECI). SGIPL has received the letter of award (LoA) for the project. This marks Sembcorp’s first solar-BESS hybrid project in India, bringing its gross renewable capacity in the country to nearly six GW, including over two GW of greenfield…
Author: PPD Team Date: 03/12/2024 PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation (PFC), has incorporated a special purpose vehicle (SPV), Kurnool-III PS RE Transmission, for the Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects. The project will be implemented through tariff-based competitive bidding (TBCB), with PFCCL serving as the bid process coordinator (BPC). The initiative addresses the need for immediate integration and evacuation of power from additional…
Author: PPD Team Date: 04/11/2024 The Power Transmission & Distribution (PT&D) division of Larsen & Toubro (L&T) has won significant new orders to expand and strengthen high-voltage electricity grids across the Middle East and Africa. These orders include implementing an Energy Management System to enhance national electricity networks. One notable contract involves a consortium-led project with a leading equipment manufacturer to build Kenya’s National System Control Centre. This transmission hub will play a key role…
Author: PPD Team Date: 12/09/2024 The Ministry of New and Renewable Energy (MNRE) has unveiled draft guidelines for financial assistance and payment security under the ‘PM Surya Ghar—Muft Bijli Yojana‘ rooftop solar scheme. These guidelines focus on providing central financial assistance to residential consumers through Renewable Energy Services Company (RESCO) and Utility Led Aggregation (ULA) models. The scheme is set to run until March 31, 2027. Under the RESCO model, a third-party renewable energy company…