Author: PPD Team Date: 11/12/2024
GE Vernova T&D India Limited has secured an order from Sterlite Power for the supply and supervision of 765 kV power transformers and reactors for the Khavda project.
The contract, valued at approximately Rs 4 billion, is scheduled to be completed within two years.
Author: PPD Team Date: 11/02/2025 NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, and the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) have formed a joint venture (JV), “AP NGEL Harit Amrit Limited,” to develop 25,000 MW of renewable energy (RE) projects in Andhra Pradesh. Both firms will hold an equal stake in the JV. The JV will focus on wind, solar, and wind-solar hybrid power projects, with…
Author: PPD Team Date: 23/12/2024 The European Investment Bank (EIB) and Portuguese utility EDP have signed two loan agreements worth €700 million ($726.8 million) to fund renewable energy projects and expand the power grid in southern Europe. A €500 million loan, part of a €900 million green framework, will support EDP Renewables in deploying 1,943 MW of solar and onshore wind capacity across Portugal, Spain, and Italy by 2026. These installations will generate green energy…
Author: PPD Team Date: 07/02/2025 The National Committee on Transmission (NCT) has recommended two interstate transmission system (ISTS) schemes to the Ministry of Power for final approval. These will be implemented under tariff-based competitive bidding (TBCB) and the regulated tariff mechanism (RTM). One scheme involves the transmission system for evacuating power from renewable energy (RE) projects in Rajgarh (1,500 MW) Special Economic Zone (SEZ) and Neemuch (1,000 MW) SEZ in Madhya Pradesh. Originally separate, these…
Author: PPD Team Date: 09/12/2024 Kalpataru Projects International, along with its international subsidiaries, has secured new orders worth Rs 2.17 billion in India and overseas. The contracts include the design and construction of an elevated metro rail project in India, transmission & distribution (T&D) projects in India and abroad, as well as a residential building project in India. With these new orders, Kalpataru’s year-to-date order inflows have exceeded Rs 16.3 billion, with nearly 85% of…
Author: PPD Team Date: 02/01/2025 PFC Consulting Limited (PFCCL) has incorporated Fatehgarh II And Barmer I PS Transmission Limited, a special purpose vehicle (SPV), for the augmentation at Fatehgarh-II PS, Fatehgarh-IV PS (Section-II), and Barmer-I PS. The incorporation was completed on December 30, 2024. PFCCL is serving as the bid process coordinator (BPC) to select a transmission service provider (TSP) for the project’s establishment through the tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 05/03/2025 Adani Green Energy Limited (AGEL) has refinanced its $1.06 billion construction facility. AGEL refinanced its maiden construction facility, originally secured in 2021, for developing India’s largest solar-wind hybrid renewable cluster in Rajasthan. The new long-term financing has a 19-year door-to-door tenor and follows a fully amortized debt model aligned with the asset’s lifecycle. This refinancing completes AGEL’s capital management program for the portfolio, ensuring long-term financial stability by matching financing…