Author: PPD Team Date: 09/01/2025
CG Power and Industrial Solutions Limited has secured a Rs 583 million contract from Power Grid Corporation of India Limited (PGCIL).
The contract covers the supply of 400kV Shunt Reactors, including 2X125MVAR, 2X80MVAR, and 2X50MVAR reactors, under the Bulk Procurement of 765kV and 400kV class transformers and reactors.
Other bidders included Bharat Heavy Electricals Limited and GE T&D India Limited.
Author: PPD Team Date: 26/02/2025 Kenya Power has announced an investment of KES1 billion to expand and enhance electricity infrastructure across eleven counties in the Nyanza and western regions. The funds will support the construction of new power lines to meet growing demand and improve reliability. The investment covers both completed and ongoing projects in Kisumu, Homabay, Migori, Siaya, Nyamira, Vihiga, Busia, Bomet, Kericho, Kisii, and Kakamega. Completed projects include the KES700 million, 132 kV…
Author: PPD Team Date: 04/06/2025 The Atomic Energy Regulatory Board (AERB) has approved the site for the proposed 2,800 MW Mahi Banswara Nuclear Power Project in Rajasthan. The project will be developed by a joint venture between NTPC Limited and Nuclear Power Corporation of India Limited (NPCIL), with NTPC holding a 49% stake and NPCIL 51%. The estimated cost of the project is Rs 504 billion. The project involves the construction of four units of…
Author: PPD Team Date: 12/09/2024 Sterlite Power has secured the Khavda IV-C interstate transmission system (ISTS) project with an annual tariff of Rs 13.15 billion, the highest ever for an ISTS scheme under the tariff-based competitive bidding (TBCB) process. Competing bids from Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL) were close, with the L2 bid just 0.25% higher than Sterlite’s winning bid. The project, now estimated to cost over…
Author: PPD Team Date: 22/05/2025 JSW Energy Limited has announced an investment of Rs 140 billion to expand the renewable energy capacity of its O2 Power platform. The company plans to scale up O2 Power’s portfolio to 4.7 GW by June 2027. O2 Power currently has 1.3 GW of installed capacity. An additional 2,259 MW is expected to become operational by June 2025, with 1,463 MW under construction and 974 MW in the development pipeline….
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…
Author: PPD Team Date: 06/11/2024 Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. The facility includes up to $175 million in letters of credit and $50 million in revolving loans. Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while…