BAJEL Projects wins 99 km transmission line contract in Rajasthan
Author: PPD Team Date: July 7, 2025
Author: PPD Team Date: July 7, 2025
BAJEL Projects Limited, formerly Bajaj Electricals Limited, has secured the contract for Transmission Line Package TL04. The package involves the construction of the 400 kV double circuit (quad) Siwani–Jind (PG) transmission line spanning 99 km.
The project is part of the transmission system for the evacuation of 6 GW of renewable energy under the Rajasthan Renewable Energy Zone (REZ) Phase IV (Part 3: Bikaner Complex – Part B). The contract was awarded on July 2, 2025. BAJEL confirmed that the order is valued between Rs 30 billion and Rs 40 billion.
Earlier this month, BAJEL also announced it had received the “Award of Excellence” from PGCIL for safety and performance across its projects.
Author: PPD Team Date: September 16, 2025 Serentica Renewables, backed by KKR, has signed a binding agreement to acquire the Indian solar business of Norway-based Statkraft. The deal value was not disclosed, but sources estimate the enterprise value at around Rs 2,000 crore. The acquisition will expand Serentica’s operational capacity to 1.5 GW, supporting its plan to reach 17 GW by 2030. Statkraft’s Indian solar portfolio includes 445 MW of operating projects in Bikaner and…
Author: PPD Team Date: November 12, 2025 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 part of a $477 million financial package, with the remaining $146 million expected…
Author: PPD Team Date: October 14, 2025 Servotech Renewable Power System Ltd. has received a contract for a 2.58 MW grid-connected rooftop solar project from the South Eastern Railway, Ranchi Division. Under the agreement, Servotech will handle the complete execution of the on-grid rooftop solar PV system, including design, manufacturing, supply, installation, testing, and commissioning across multiple sites in the Ranchi Division. Commenting on the development, Sarika Bhatia, Director of Servotech Renewable Power System Ltd.,…
Author: PPD Team Date: November 8, 2024 Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27. This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to…
Author: PPD Team Date: December 13, 2024 Mizoram’s power and electricity minister has introduced a new initiative under the PM-Surya Ghar Muft Bijli Yojana (PM-SGMBY), enabling households to install rooftop solar systems with substantial government subsidies. The scheme is available exclusively to Indian citizens who are current electricity consumers with good payment records and is limited to private residential properties. In partnership with 12 authorised vendors, the state government facilitates installations, with financial support available…
Author: PPD Team Date: July 4, 2025 Adani Power Limited (APL) is among four firms competing for the 2,400 MW Pirpainti Thermal Power Project in Bhagalpur district, Bihar. The other companies that have expressed interest are JSW Energy Limited (JSWEL), Torrent Power Limited, and Lalitpur Power Generation Company Limited (LPGCL). Originally proposed with a capacity of 1,320 MW (2 × 660 MW), the project has now been revised to 2,400 MW, comprising three units of…