Author: PPD Team Date: July 2, 2025
Bharat Heavy Electricals Limited (BHEL) has secured a Letter of Award (LoA) worth Rs 65 billion for supplying Steam Turbine Generator (STG) equipment and supervising erection and commissioning (E&C) for a 4,800 MW thermal power project by Adani Power Limited (APL).
The award, issued on June 27, 2025, covers six units of 800 MW each.
Author: PPD Team Date: October 24, 2025 Singapore-based Keppel Ltd has acquired Shell Plc’s 49% stake in Cleantech Solar for around USD200 million, giving it full ownership of the company. Keppel previously held a 51% stake in the company and is reportedly planning to sell Cleantech Solar in a deal that could be valued at approximately USD400 million. Cleantech Solar, through its holding company Cleantech Renewable Assets Pte. Ltd, manages a 1.2 GW portfolio of…
Author: PPD Team Date: June 23, 2025 The Ministry of Power has revised the Standard Bidding Documents (SBDs) for the procurement of Inter-State Transmission Services under the Tariff-Based Competitive Bidding (TBCB) framework. The amendments, which took effect on 5th June 2025, expand the financial instruments that developers can use to meet bid security and performance guarantee requirements. These changes were driven by repeated representations from transmission developers who flagged the constraints imposed by the requirement…
Author: PPD Team Date: March 20, 2025 The global energy sector continues to witness major acquisitions, power purchase agreements (PPAs), and strategic investments. Here are the latest key developments: Key deals and investments in the energy sector Engie acquires 157MW UK renewable portfolio Engie has acquired a 157MW renewable energy portfolio in the UK from MEAG, Munich Re’s asset management arm. The deal includes four solar photovoltaic farms and three onshore wind farms in England…
Author: PPD Team Date: January 22, 2026 A new report from the International Renewable Energy Agency (IRENA) finds that while women comprise nearly one-third of the global renewable energy workforce, significant under-representation persists in technical and leadership positions, posing a challenge for the sector’s equitable expansion. The report, Renewable Energy: A Gender Perspective, states that women hold 32% of full-time jobs in the sector. This participation rate exceeds that in the oil and gas (23%)…
Author: PPD Team Date: March 16, 2026 Bajel Projects Limited has secured a contract from Maharashtra State Electricity Transmission Company Limited (MSETCL) for the establishment of a 400/220 kV Air Insulated Switchgear (AIS) substation at Saswad in Pune district, along with associated transmission lines. The order, valued at more than Rs 700 crore, including GST, is the largest single contract secured by the company in its power transmission business. The contract will be executed through…
Author: PPD Team Date: March 26, 2025 PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process. The project, “Network Expansion Scheme in Maharashtra for Providing Supply to Data Centre Loads in Navi Mumbai,” will be developed on a build, own, operate, and transfer (BOOT) basis. The bidding process was launched on March 24, 2025, with a deadline…