Author: PPD Team Date: 20/12/2024
GE Vernova T&D India Limited secured a contract worth over Rs 4,000 million from Sterlite Power Transmission Limited on December 19, 2024.
The contract covers the supply and supervision of high voltage (HV) equipment.
The project is expected to be completed by December 19, 2026, and is being implemented through the tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 04/03/2025 GE Power India Limited has won a Rs 2.73 billion contract from Greenko KA01 IREP Private Limited for the electro-mechanical (E&M) package of an additional 320 MW unit in the 1,600 MW Saundatti Hydro Electric Power Project in Karnataka. The contract, awarded on February 27, 2025, covers engineering, manufacturing, procurement, supply, installation, and testing. The work is scheduled for completion by November 2027. The Saundatti project is part of the…
Author: PPD Team Date: 19/09/2024 At the RE-Invest event in Gandhinagar, Gujarat, several renewable energy developers have made significant capacity creation commitments as part of their “Shapath Patra” agreements with the government. Reliance Industries (RIL) has pledged to set up 100,000 MW of additional renewable capacity by 2030, alongside manufacturing 20,000 MW per year of integrated solar PV and equivalent glass capacity. Other major commitments include: NTPC Ltd: 41,300 MW ReNew: 40,000 MW Adani Green…
Author: PPD Team Date: 29/11/2024 United Arab Emirates-based clean energy company Masdar has finalized its €3.2 billion ($3.3 billion) acquisition of Greece’s Terna Energy, the largest deal on the Athens Stock Exchange. The acquisition, announced in June 2024, involved the purchase of 70% of Terna Energy shares at €20 ($21.1) per share from GEK Terna and other shareholders. Masdar plans to secure the remaining shares through an all-cash mandatory tender offer, pending regulatory approval from…
Author: PPD Team Date: 23/10/2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public and private…
Author: PPD Team Date: 24/02/2025 ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs…
Author: PPD Team Date: 31/12/2024 Rajasthan Power Grid Transmission Company Limited (RPTCL) has been incorporated as a joint venture between Power Grid Corporation of India Limited (POWERGRID) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The venture is structured with a 74% equity stake held by POWERGRID and a 26% share by RVPN. The objective of RPTCL is to develop the Intra State Transmission System within the state of Rajasthan, enhancing its power infrastructure. In…