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ReNew Energy secures $331 million ADB loan for hybrid project
ReNew Energy has received $331 million in debt financing from the Asian Development Bank (ADB) to develop a large-scale clean energy project in Andhra Pradesh. The financing includes up to $291 million in local currency from ADB’s ordinary capital resources and $40 million from the ADB-administered Leading Asia’s Private Infrastructure Fund 2. The loan forms…
USD 2 billion Thai Binh LNG power plant to begin construction in 2025
The USD 2 billion Thai Binh LNG power plant project in northern Vietnam will begin construction in late 2025 after completing its feasibility study by mid-year. Led by Thai Binh LNG Power JSC, a joint venture of Japan’s Tokyo Gas, Kyuden International, and Vietnam’s Truong Thanh Vietnam Group, the plant aims to generate 10 billion…
Evren secures $600 million for 1 GW FDRE hybrid projects
Evren, a platform launched by Brookfield in India as a joint venture with Axis Energy, has secured approximately $600 million to develop its Firm and Dispatchable Renewable Energy (FDRE) hybrid project in Andhra Pradesh and Rajasthan. This is among the first large-scale, fully integrated FDRE project financings in India. The project, with an installed capacity…
Promax Power wins contract for 132/33 kV substations
Promax Power has secured a Rs 554.3 million contract to design, supply, erect, test, and commission 132/33 kV substations and associated 132 kV bays. The project includes developing four 132 kV substations with fully equipped control room buildings, installing four 132/33 kV 31.5 MVA transformers, and constructing three 132 kV substation bays.
- Generation | India | News
BCCL restarts coal production at legacy PB Project in Jharkhand
Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), has restarted coal production at its legacy PB Project in Jharkhand. This is the first operational project under the mine developer and operator (MDO) model in the CIL ecosystem. The PB Project has been awarded to Eagle Infra India Limited for a 25-year…
Tata Power-DDL among top 10 global power utilities in Smart Grid Index 2024
Tata Power Delhi Distribution Ltd (Tata Power-DDL), the distribution arm of Tata Power in the National Capital, has been ranked among the top 10 power utilities worldwide in the Smart Grid Index 2024. The Smart Grid Index, developed by Singapore Power Group (SP Group), measures the “smartness” of electricity grids globally. This year, the study…
