Author: PPD Team Date: 22/10/2024
GVPR Engineers has been declared the lowest bidder (L1) for a power distribution contract in Uttarakhand.
The company secured the contract at a value of Rs 3.96 billion for the construction of a 400 KV GIS Switching Substation in Pipalkoti. The bids were invited by the Power Transmission Corporation of Uttarakhand.
Author: PPD Team Date: 04/02/2025 GAIL India Limited has raised its startup investment fund from Rs 1 billion to Rs 5 billion to support emerging enterprises in clean energy, renewables, energy storage, electric mobility, and digital transformation. This initiative aims to provide enhanced financial and strategic support to entrepreneurs, fostering innovation and sustainability in India’s energy and technology sectors. Currently, GAIL holds a renewable energy portfolio of 132 MW, with 118 MW in wind and…
Author: PPD Team Date: 04/11/2024 Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra. The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity. This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro projects play a crucial role in providing round-the-clock renewable energy solutions, aiding in the decarbonisation…
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 05/12/2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located at Rays…
Author: PPD Team Date: 03/01/2025 Constellation has secured contracts worth more than $1bn from the US General Services Administration (GSA) to supply nuclear and other energy sources to multiple government agencies and implement energy-saving initiatives. The ten-year contract, valued at $840m, will supply one million megawatt-hours of energy annually from 2025 to 13 government agencies, including the Architect of the Capitol, GSA, and the Department of Veterans’ Affairs. Energy will be provided to facilities across…
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: 04/02/2025 GAIL India Limited has raised its startup investment fund from Rs 1 billion to Rs 5 billion to support emerging enterprises in clean energy, renewables, energy storage, electric mobility, and digital transformation. This initiative aims to provide enhanced financial and strategic support to entrepreneurs, fostering innovation and sustainability in India’s energy and technology sectors. Currently, GAIL holds a renewable energy portfolio of 132 MW, with 118 MW in wind and…
Author: PPD Team Date: 04/11/2024 Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra. The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity. This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro projects play a crucial role in providing round-the-clock renewable energy solutions, aiding in the decarbonisation…
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 05/12/2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located at Rays…
Author: PPD Team Date: 03/01/2025 Constellation has secured contracts worth more than $1bn from the US General Services Administration (GSA) to supply nuclear and other energy sources to multiple government agencies and implement energy-saving initiatives. The ten-year contract, valued at $840m, will supply one million megawatt-hours of energy annually from 2025 to 13 government agencies, including the Architect of the Capitol, GSA, and the Department of Veterans’ Affairs. Energy will be provided to facilities across…
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: 04/02/2025 GAIL India Limited has raised its startup investment fund from Rs 1 billion to Rs 5 billion to support emerging enterprises in clean energy, renewables, energy storage, electric mobility, and digital transformation. This initiative aims to provide enhanced financial and strategic support to entrepreneurs, fostering innovation and sustainability in India’s energy and technology sectors. Currently, GAIL holds a renewable energy portfolio of 132 MW, with 118 MW in wind and…
Author: PPD Team Date: 04/11/2024 Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra. The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity. This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro projects play a crucial role in providing round-the-clock renewable energy solutions, aiding in the decarbonisation…