HPDCAPL earns carbon credits for 3 MW hydro project in Tawang
Author: PPD Team Date: July 22, 2025
Author: PPD Team Date: July 22, 2025
The Hydro Power Development Corporation of Arunachal Pradesh Limited (HPDCAPL) has secured carbon credits for its 3 MW small hydro project in Zemithang, Tawang district. As reported by The Economic Times, the project has earned 16,326 tonnes of carbon credits as of mid-2023, with a cumulative target of 97,783 tonnes by 2028.
This marks HPDCAPL’s first carbon monetisation effort. The milestone follows a memorandum of understanding signed on December 13, 2021, with Credue Technologies to facilitate the carbon credit process. The agreement formalises Arunachal Pradesh’s participation in voluntary carbon markets.
The run-of-the-river project features two 1.5 MW Pelton turbine generators and supports India’s broader climate goal of achieving net zero emissions by 2070. Arunachal Pradesh Chief Minister Pema Khandu commended the achievement on social media, citing the project’s role in advancing the state’s green energy efforts.
Author: PPD Team Date: December 19, 2024 The Central Electricity Regulatory Commission (CERC) has granted a final transmission licence to “Bhadla-III Transmission Ltd,” a wholly-owned TBCB subsidiary of Power Grid Corporation of India Ltd (PGCIL). The licence, issued on December 15, 2024, is valid for 25 years unless revoked earlier. Bhadla-III Transmission Ltd is developing an ISTS scheme titled “Additional transmission system for evacuation of power from Bhadla-III PS as part of Rajasthan REZ Phase-III…
Author: PPD Team Date: April 28, 2025 Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio…
Author: PPD Team Date: May 29, 2025 Engie has achieved financial closure for its 200 MW solar photovoltaic (PV) project in Khavda, Gujarat, under the Phase XXIII tender by Gujarat Urja Vikas Nigam Limited (GUVNL). The company signed a loan agreement with MUFG Bank and Crédit Agricole S.A. to fund the project. The grid-connected project will be developed by Enren-II Energy Private Limited, a special purpose vehicle (SPV) of Engie. In March 2024, Engie won…
Author: PPD Team Date: January 6, 2025 Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and India Infrastructure Finance Company Ltd (IIFCL). The MUML project, won in June 2020…
Author: PPD Team Date: October 30, 2024 MEIL Solar Energy, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has signed power purchase agreements (PPAs) with Bangalore Electricity Supply Company (BESCOM) to supply solar power from 76 projects with a cumulative capacity of 618.1 MW. These projects will operate under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme, following the renewable energy service company (RESCO) model. MEIL Solar Energy…
Author: PPD Team Date: April 17, 2025 Bajaj Electricals has partnered with Slovakia-based SEAK s.r.o. to enhance tunnel lighting systems across India. This collaboration focuses on delivering intelligent lighting control systems using SEAK’s patented powerline communication technology. Bajaj Lighting, a key player in India’s lighting industry, has expertise in indoor, outdoor, architectural, and tunnel lighting. The company has already implemented advanced lighting in projects like the Mumbai Coastal Road Tunnel. This new partnership with SEAK…