Author: PPD Team Date: 12/11/2024
The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply.
This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million.
Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
Author: PPD Team Date: 24/12/2024 Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), delivered a keynote address at the Odisha Solar Investor Conclave hosted by GRIDCO in Bhubaneswar. The CMD confirmed that IREDA has sanctioned over Rs 30 billion for renewable energy projects in Odisha, covering sectors such as solar, hydro, ethanol, and renewable energy manufacturing. Odisha aims to achieve 10 GW of renewable energy capacity…
Author: PPD Team Date: 15/10/2024 Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by…
Author: PPD Team Date: 21/02/2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, secured a contract from Khaba Renewable Energy Private Limited, a wholly-owned subsidiary of Engie, to supply solar modules for a 250 MW (362.5 MWp) ISTS-connected solar power project in Barmer, Rajasthan. The project, awarded under NHPC Limited, was announced on February 19, 2025. The supply of modules is expected to begin in the financial year (FY) 2026. In November 2023, Solairedirect…
Author: PPD Team Date: 02/01/2025 Voith Hydro Private Limited has emerged as the lowest bidder (L1) for the electro-mechanical (E&M) works of the Mankulam Hydro Electric Project (HEP) by quoting Rs 1,770.14 million. Kerala State Electricity Board (KSEB) had invited bids for the project in March 2024. Bharat Heavy Electricals Limited (BHEL) ranked as the L2 bidder with a quote of Rs 1,970 million. The 40 MW Mankulam HEP-Phase I, located in Devikulam taluk, Idukki…
Author: PPD Team Date: 06/12/2024 Spain is set to become a leader in renewable energy with the construction of the continent’s largest pumped storage power plant. Managed by Iberdrola, the Conso II project will be located in Ourense, Galicia, and will involve an investment of over 1.5 billion euros. The Conso II facility will feature an innovative design that connects two reservoirs using the region’s natural slope, allowing for efficient electricity generation. With a capacity…
Author: PPD Team Date: 13/11/2024 Bharat Heavy Electricals Ltd (BHEL) has secured a contract from NTPC Ltd to establish the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant. The contract encompasses design, engineering, manufacturing, supply, erection, commissioning, and civil construction. BHEL has received a Limited Notice to Proceed (LNTP) from NTPC to commence basic engineering work for the main plant package. Before this contract, BHEL had contributed to over 57%…
Author: PPD Team Date: 24/12/2024 Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), delivered a keynote address at the Odisha Solar Investor Conclave hosted by GRIDCO in Bhubaneswar. The CMD confirmed that IREDA has sanctioned over Rs 30 billion for renewable energy projects in Odisha, covering sectors such as solar, hydro, ethanol, and renewable energy manufacturing. Odisha aims to achieve 10 GW of renewable energy capacity…
Author: PPD Team Date: 15/10/2024 Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by…
Author: PPD Team Date: 21/02/2025 Waaree Renewable Energy Technologies Limited, formerly Sangam Renewables Limited, secured a contract from Khaba Renewable Energy Private Limited, a wholly-owned subsidiary of Engie, to supply solar modules for a 250 MW (362.5 MWp) ISTS-connected solar power project in Barmer, Rajasthan. The project, awarded under NHPC Limited, was announced on February 19, 2025. The supply of modules is expected to begin in the financial year (FY) 2026. In November 2023, Solairedirect…
Author: PPD Team Date: 02/01/2025 Voith Hydro Private Limited has emerged as the lowest bidder (L1) for the electro-mechanical (E&M) works of the Mankulam Hydro Electric Project (HEP) by quoting Rs 1,770.14 million. Kerala State Electricity Board (KSEB) had invited bids for the project in March 2024. Bharat Heavy Electricals Limited (BHEL) ranked as the L2 bidder with a quote of Rs 1,970 million. The 40 MW Mankulam HEP-Phase I, located in Devikulam taluk, Idukki…
Author: PPD Team Date: 06/12/2024 Spain is set to become a leader in renewable energy with the construction of the continent’s largest pumped storage power plant. Managed by Iberdrola, the Conso II project will be located in Ourense, Galicia, and will involve an investment of over 1.5 billion euros. The Conso II facility will feature an innovative design that connects two reservoirs using the region’s natural slope, allowing for efficient electricity generation. With a capacity…
Author: PPD Team Date: 13/11/2024 Bharat Heavy Electricals Ltd (BHEL) has secured a contract from NTPC Ltd to establish the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant. The contract encompasses design, engineering, manufacturing, supply, erection, commissioning, and civil construction. BHEL has received a Limited Notice to Proceed (LNTP) from NTPC to commence basic engineering work for the main plant package. Before this contract, BHEL had contributed to over 57%…
Author: PPD Team Date: 24/12/2024 Shri Pradip Kumar Das, Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Limited (IREDA), delivered a keynote address at the Odisha Solar Investor Conclave hosted by GRIDCO in Bhubaneswar. The CMD confirmed that IREDA has sanctioned over Rs 30 billion for renewable energy projects in Odisha, covering sectors such as solar, hydro, ethanol, and renewable energy manufacturing. Odisha aims to achieve 10 GW of renewable energy capacity…
Author: PPD Team Date: 15/10/2024 Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by…