India plans Rs 900 billion investment in undersea power links to Gulf nations
Author: PPD Team Date: June 13, 2025
Author: PPD Team Date: June 13, 2025
The Government of India is planning to invest Rs 900 billion in setting up undersea power transmission cables to the Middle East. The proposed investment includes Rs 470 billion for the India–Saudi Arabia interconnection and Rs 430 billion for the India–UAE interconnection.
These sub-sea links are part of a broader regional power integration strategy. Other proposed interconnections include India–Sri Lanka (1,000 MW over 120 km), Odisha (Paradeep)–Andaman (500 MW over 1,150 km), India–Singapore (2,000 MW over 3,000 km), and India–Maldives (400 MW over 750 km).
The Ministry of Power is expected to take a central role in these projects, which are also key to integrating offshore wind energy into the national grid. Offshore wind development is being prioritised along the Tamil Nadu and Gujarat coasts.
The Ministry of New and Renewable Energy (MNRE) has set a target to auction 37 GW of offshore wind capacity by 2030. To support this, the grid will require around 7,400 km of array cables and 9,250 km of export cables to transmit offshore power.
These efforts align with India’s long-term plan to expand regional grid connectivity and scale up offshore renewable energy.
Author: PPD Team Date: September 29, 2025 Prime Minister Narendra Modi has laid the foundation stone for Avaada Group’s 1,560 MWp solar and 2,500 MWh battery energy storage project in Pugal, Rajasthan. He also inaugurated the company’s 200 MW AC (282 MWp) solar project at Shri Dungargarh in the Bikaner district. Together, the two projects represent an investment of over Rs 9,200 crore. The Shri Dungargarh solar project covers 777 acres and will supply electricity…
Author: PPD Team Date: February 28, 2025 Shakti Pumps Limited has invested Rs 600 million in its wholly owned subsidiary, Shakti Electric Vehicle (EV) Mobility Private Limited, by subscribing to 6 million equity shares with a face value of Rs 10 each. Last week, Shakti Pumps invested Rs 390 million in the subsidiary by subscribing to 4 million equity shares. Shakti EV Mobility is engaged in manufacturing, processing, trading, and distributing EV motors and charger…
Author: PPD Team Date: April 18, 2025 UltraTech Cement has entered into an agreement with AMPIN Energy Transition to set up a captive solar power project in Rajasthan. The project will be developed at Sindhari village in Balotara. It will have a capacity of 50 MW (75 MWp) and will be executed through AMPIN C&I Power Eight, a special purpose vehicle (SPV) of AMPIN Energy. UltraTech will invest Rs 255 million to acquire a 26…
Author: PPD Team Date: December 24, 2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the “Bihar Business Connect 2024” Global Investors’ Summit in Patna on December 20, 2024. The MoU was signed by Shri Alok Ranjan Ghosh, Director (Industries), Government of Bihar, and Shri Bimal Gopalachari, Addl. GM (Business Development), NGEL, in the presence of Bihar’s Industries…
Author: PPD Team Date: November 6, 2024 Westbridge Renewable Energy has completed the sale of its 75% stake in the Sunnynook solar and battery energy storage system (BESS) project to METLEN Energy & Metals. Located in Alberta’s Special Area No. 2, the 332 MWdc Sunnynook solar project includes a 200 MWh BESS and is approved by the Alberta Utilities Commission, currently progressing in the Alberta Electrical System Operator’s connection process. The C$41.4 million ($29.7 million)…
Author: PPD Team Date: December 12, 2024 Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following…