Author: PPD Team Date: 28/10/2024
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Sugs Lloyd wins Rs 3 billion power infrastructure projects in Bihar
Author: PPD Team Date: 12/11/2024 Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion. The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines. CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.
CG Power plans Rs 7.12 billion investment for power transformer facility
Author: PPD Team Date: 29/01/2025 CG Power & Industrial Solutions Ltd (CG) will invest Rs 7.12 billion to build a greenfield power transformer plant, approved by its board on January 28, 2025. The facility, slated for commissioning by March 2028, will produce 45,000 MVA annually, boosting CG’s total power transformer capacity to 85,000 MVA. The new plant will manufacture 220kV–765kV transformers for domestic and international markets. Land acquisition is underway. Expansion Timeline: Malanpur Unit (MP):…
CIP acquires majority stake in Toqlukuti’k Wind & Hydrogen project
Author: PPD Team Date: 19/12/2024 Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project, a large-scale onshore wind and hydrogen initiative in Newfoundland & Labrador, Canada. The stake was purchased from Germany-based ABO Energy, which remains a minority shareholder and co-developer. The project aims to produce green hydrogen and ammonia, leveraging Newfoundland’s wind resources, existing infrastructure, and provincial support. CIP…
Encavis secures €60.7 million financing for solar plant in Germany
Author: PPD Team Date: 12/09/2024 Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the end of September 2024 and will generate 121 GWh of electricity annually. The financing, provided by Bayerische Landesbank, supports Encavis’ growth strategy, with around 74% of the plant’s output secured through a ten-year power purchase agreement (PPA) with a…
PGCIL to implement Eastern Region Expansion Scheme-44
Author: PPD Team Date: 04/12/2024 The National Committee on Transmission (NCT) recently approved the Eastern Region Expansion Scheme-44 (ERES-44), estimated to cost Rs 3.85 billion, to be executed by Power Grid Corporation of India Ltd (PGCIL) under the Regulated Tariff Mechanism (RTM). The project will modernize the ageing 220 kV transmission network in the Eastern region, including cross-border lines with Bhutan. It involves replacing existing conductors with High-Temperature Low Sag (HTLS) conductors, capable of handling…
PGCIL secures LoI for Rajasthan IV 4A power transmission scheme
Author: PPD Team Date: 26/11/2024 Power Grid Corporation of India Ltd (PGCIL) has received the letter of intent (LoI) for developing the ISTS-TBCB scheme under “Rajasthan IV 4A Power Transmission Ltd.” The LoI, issued on November 25, 2024, pertains to the “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW): Part A,” with REC Power Development & Consultancy Ltd (RECPDCL) acting as the bid process coordinator. The scheme, estimated to…