Author: PPD Team Date: 27/12/2024
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: PPD Team Date: 26/05/2025 Multi Infrastructure and Engineering Private Limited (MIEPL) has secured a contract from Central Electronics Limited (CEL) to set up a 200 MW solar module manufacturing facility in Ghaziabad, Uttar Pradesh. The project tender was floated by CEL in April 2025. It will be implemented on a revenue-sharing model under the Make in India initiative. MIEPL stated that the new facility will help scale up domestic solar module production. The move…
Author: PPD Team Date: 25/04/2025 The West Bengal Cabinet has approved a 100 MW solar power project in West Medinipur district. The project will be developed under Phase-II of the 212.5 MW Ramnagar II Solar PV Project. It is located at Goaltore in Garbeta-II Block of West Medinipur. Phase-I of the project, with a capacity of 112.5 MW, has already been commissioned. The estimated cost for Phase-II is Rs 6,800 million. Of this, Rs 2,050…
Author: PPD Team Date: 14/04/2025 The Central Electricity Authority (CEA) has launched STELLAR, a fully indigenous power planning software. The tool helps in planning generation, transmission, and storage while factoring in demand response. It will be shared free of cost with all states and distribution companies (Discoms). STELLAR stands for State of the Art Totally Indigenously Developed Resource Adequacy Model. It supports states in preparing Resource Adequacy plans as per the guidelines issued by the…
Author: PPD Team Date: 24/06/2025 Gentari is planning to divest up to 50 per cent stake in its India operations. The move could become one of the largest green energy transactions in the country. The company has appointed Standard Chartered Bank as the transaction advisor. Gentari’s India portfolio includes 4 GW of operational renewable assets, another 4 GW under construction, and 4 GW in the pipeline. In March, Gentari Renewables India acquired a 1.6 GW…
Author: PPD Team Date: 28/01/2025 Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore. The current government, under Prime Minister Giorgia Meloni, is considering small modular reactors (SMRs) and advanced modular reactors to decarbonise carbon-intensive industries like steel, glass, and tile production. Despite the 1987 and 2011…
Author: PPD Team Date: 27/02/2025 Power Mech Projects Limited has secured a Rs 1.65 billion contract from Bharat Heavy Electricals Limited (BHEL) for the 2×800 MW Koderma Thermal Power Expansion Project. The contract covers main supply, design and engineering, mandatory spares, and civil works, including erection and commissioning. The work is expected to be completed within 30 months. Koderma Thermal Power Station, located in Hirodih, Chandwara, Jharkhand, has an existing capacity of 1,000 MW. Unit…