Author: Power Peak Digest Team Pub Date: December 27, 2024
Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects.
Equity for these projects has already been secured.
The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
Author: Power Peak Digest Team Pub Date: October 21, 2024 Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu visited the historic 110 MW Shanan Power House in Mandi district, emphasizing the need for its control to be transferred to the Himachal Pradesh government following the expiration of the lease period. Although the power house is currently operated by the Punjab government, Sukhu mentioned that discussions are ongoing regarding its handover. He noted that the Shanan project,…
Author: Power Peak Digest Team Pub Date: January 28, 2025 Maharashtra and Telangana sign MoUs for 7,440 MW renewable energy projects The Government of Maharashtra (GoM) and the Government of Telangana (GoT) have signed Memorandums of Understanding (MoUs) with Essar Renewables Limited (ERL) and Sun Petrochemicals Private Limited, respectively, to develop 7,440 MW renewable energy (RE) projects in the states. ERL will invest Rs 80 billion to set up 2,000 MW round-the-clock (RTC) RE power…
Author: Power Peak Digest Team Pub Date: November 20, 2024 Power Grid Corporation of India Ltd (PGCIL) acquired “Khavda V-A Power Transmission Ltd” from REC Power Development & Consultancy Ltd (RECPDCL) on November 19, 2024. This project, valued at Rs 250 billion, is the largest interstate transmission system (ISTS) scheme awarded under the tariff-based competitive bidding (TBCB) mechanism. The project is India’s first TBCB-awarded transmission scheme employing HVDC technology, a departure from the earlier regulated…
Author: Power Peak Digest Team Pub Date: January 3, 2025 Waaree Energies Limited has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, rated at 585/590 Wp. The modules will be delivered to a domestic renewable energy developer managing projects across India. Delivery is planned for the financial year 2025-26. Waaree Energies has become the first Indian solar panel manufacturer to publish independently verified Environmental Product Declarations (EPDs) for its…
Author: Power Peak Digest Team Pub Date: February 6, 2025 RMC Switchgears has received a Rs 1.08 billion work order to develop distribution infrastructure in select districts of Gujarat. The project involves installing 11 kV underground cables and ring main unit (RMU) systems to strengthen the region’s power distribution network. In a separate development, Ultracab (India), a manufacturer of electric wires and cables, has secured an order worth Rs 510.6 million from Maharashtra State Electricity…
Author: Power Peak Digest Team Pub Date: October 15, 2024 Sterling and Wilson Renewable Energy Ltd (SWREL) has reported its highest-ever outstanding order book, exceeding Rs 1,050 billion as of October 14, 2024. In Q2 FY25 (July to September), SWREL recorded an order inflow of approximately Rs 205 billion, including an Rs 82.3 billion order received on October 14. All orders were from the domestic market.