DVC signs PPAs with SJVN for 592 MW hydropower from Himachal projects
Author: PPD Team Date: April 30, 2025
Author: PPD Team Date: April 30, 2025
Damodar Valley Corporation (DVC) signed two purchase power agreements (PPAs) with SJVN Limited on April 29, 2025, to procure hydro power from the Sunni Dam and Luhri Stage I projects in Himachal Pradesh.
The Sunni Dam Hydro Electric Project is a run-of-river scheme on the Satluj River near Khaira village in Shimla and Mandi districts. It will have six units totaling 382 MW (5 x 73 MW + 1 x 17 MW) and is being developed at a cost of Rs 30 billion.
The Luhri Hydro Electric Project Stage I involves an 86 m high concrete gravity dam near Nirath village across the Satluj River. It will have an installed capacity of 210 MW and cost Rs 18.10 billion.
These agreements are part of DVC’s plan to diversify its energy mix and meet future green energy obligations through hydro and solar sources. The PPAs will take effect once the projects are commissioned.
DVC has recently signed five similar agreements with NHPC. It currently supplies about 43 billion units of power annually, mainly to high-tension industrial consumers.
Author: PPD Team Date: January 27, 2025 Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Author: PPD Team Date: November 27, 2024 TOYO has signed a $150m solar cells supply contract with a leading solar module manufacturer to support production expansion in India and the United States. The company will utilize its manufacturing facilities in Vietnam and Ethiopia to produce advanced solar cells designed to enhance module efficiency and performance. This partnership strengthens TOYO’s market position and aligns with its commitment to promoting sustainable energy. Chairman and CEO Junsei Ryu…
Author: PPD Team Date: February 20, 2026 India and the United Kingdom have set up a joint Offshore Wind Taskforce to accelerate project implementation, strengthen supply chains, and address structural challenges in India’s offshore wind sector. The initiative was launched by Union Minister for New and Renewable Energy Pralhad Joshi along with UK Deputy Prime Minister David Lammy and British High Commissioner to India Lindy Cameron. The Taskforce has been established under the India–UK Vision…
Author: PPD Team Date: November 21, 2024 Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has established two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for developing interstate transmission system (ISTS) schemes under the tariff-based competitive bidding (TBCB) mechanism. According to a stock exchange filing by REC Ltd, the parent company of RECPDCL, the SPVs were incorporated on November 18, 2024: WRNES Talegaon Power Transmission Ltd: Focused on network expansion in…
Author: PPD Team Date: October 28, 2024 IndiGrid, Kintech Synergy, and H.G. Infra Engineering have emerged as winners in NTPC Vidyut Vyapar Nigam’s (NVVN) auction to develop 500 MW/1,000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support. NVVN, a subsidiary of NTPC, allocated 250 MW to IndiGrid 2 at a tariff of Rs 236,999 per MW per month. Kintech Synergy received 65 MW at Rs 237,490/MW/month, and H.G. Infra was…
Author: PPD Team Date: July 31, 2025 Reliance Group has secured board approvals from Reliance Infrastructure and Reliance Power to raise Rs 180 billion through a mix of equity and debt to support its expansion into the power and renewable energy sectors. According to the company’s release, the fundraising will enable the group to execute its next phase of growth, which includes a strategic focus on clean energy, conventional power, and defence manufacturing. Reliance Power…