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 Power Grid Corporation of India Limited (PGCIL) and Adani Energy Solutions Ltd have emerged as qualified bidders for the Augmentation of transformation capacity at KPS1 (GIS) and KPS2 (GIS) (Phase-V Part B1 and Part B2 scheme). REC Power Development and Consultancy Limited (REC PDCL) is the bid process coordinator (BPC) for selecting a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process. The project’s special purpose vehicle (SPV)…
Author: PPD Team Date: 12/05/2025 TCL Solar has partnered with Grid Africa to develop 100 MW of distributed solar photovoltaic and battery storage systems across Zimbabwe and Zambia. The initiative will focus on enhancing energy access for critical sectors such as telecom, data centres, and commercial and industrial consumers. Grid Africa, a pan-African distributed energy developer, aims to deliver scalable and reliable energy solutions across the continent. The partnership targets rapid deployment by leveraging both…
Author: PPD Team Date: 22/11/2024 Tata Power has signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) during COP29 in Baku, Azerbaijan. The partnership will evaluate financing for strategic projects aimed at enhancing India’s power infrastructure and promoting renewable energy. The MoU includes projects such as a 966 MW solar-wind hybrid system, pumped hydro storage, energy transition initiatives, decarbonization, and battery storage, alongside ongoing investments to modernize Tata Power’s distribution networks. The…
Author: PPD Team Date: 10/12/2024 India has overtaken China as the top destination for clean-technology funding, with $2.4 billion in deals completed in Q3 2024, more than four times China’s total. This marks the second-highest funding globally, following the US. About a quarter of seed-stage investments in climate-related startups are now directed towards India. However, challenges remain, as the country needs significantly more capital to meet long-term climate goals. Despite this, the market is expected…
Author: PPD Team Date: 22/01/2025 The Travancore Devaswom Board (TDB) plans to set up a solar energy plant with technical support from Cochin International Airport Limited (CIAL), recognized as the first fully solar-powered airport. CIAL is preparing the detailed project report and offering technical guidance for the initiative.
Author: PPD Team Date: 02/01/2025 The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Khavda IV A Power Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL). The licence, effective for 25 years unless revoked earlier, covers the development of an interstate transmission system (ISTS) for the evacuation of power from a renewable energy zone in Gujarat’s Khavda area. The project, known as the “Transmission system for evacuation of power from…