IndiGrid wins bid to evacuate power from Ratle and Kiru HEPs
Author: PPD Team Date: March 11, 2025
Author: PPD Team Date: March 11, 2025
IndiGrid 2 Private Limited, a subsidiary of IndiGrid, has secured the Letter of Intent (LoI) to develop the Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A.
The selection was made through a tariff-based competitive bidding (TBCB) process under the build, own, operate, and transfer (BOOT) model. REC Power Distribution Company Limited (REC PDCL), which invited bids in September 2024, acted as the bid process coordinator (BPC) for the project.
The project, valued at Rs 12.13 billion, involves critical transmission infrastructure, including:
The project was technically approved in the 72nd Northern Regional Power Committee (NRPC) meeting on March 30, 2024. It is expected to be completed within 24 months.
Author: PPD Team Date: January 19, 2026 CG Power and Industrial Solutions Limited has secured its largest-ever single order, valued at approximately Rs 900 crore ($99.2 million), from Tallgrass Integrated Logistics Solutions LLC, USA. The export contract covers the supply of power transformers for a large-scale data centre project in the United States, marking CG Power’s entry into the global data centre segment. In a press release dated 17 January 2026, the Mumbai-based engineering company…
Author: PPD Team Date: December 9, 2024 Corio Generation, a London-based offshore wind developer backed by Macquarie Group, is planning staff reductions due to rising costs and pressures within the renewable energy sector. Since its founding in 2022, Corio has expanded with major projects in the UK, South Korea, and the US. However, increasing equipment and debt costs have led to project cancellations and workforce cuts across the offshore wind industry. Corio’s staff reductions will…
Author: PPD Team Date: October 28, 2024 Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power Projects. The contract includes the complete HM scope, covering procurement, manufacturing, inspection, assembly, testing, painting, transportation, storage, site erection, and commissioning of equipment such as radial gates, stoplogs, gantry cranes, trash racks, and steel liners for…
Author: PPD Team Date: October 17, 2024 KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects. The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW. Additionally, KPI Green…
Author: PPD Team Date: February 28, 2025 Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an estimated investment of Rs 58.5 billion. Separately, Greenko signed an MoU with the Madhya Pradesh government to develop multiple new PSPs in the state. In Odisha, Greenko signed an MoU in January 2025 to…
Author: PPD Team Date: March 24, 2026 China’s solar PV export value and manufacturing capacity for wafers, cells and modules, showing sustained growth with fluctuations across global, EU and ASEAN markets (2017–2025) China’s solar industry is undergoing its sharpest downturn in over a decade, with global implications for prices, supply chains, and competition. A March 2026 brief by the Center for Strategic and International Studies (CSIS) states that price erosion, excess capacity, and rising trade…