JSW Steel to commission 580 MW renewable power by March 2025
Author: PPD Team Date: October 28, 2024
Author: PPD Team Date: October 28, 2024
JSW Steel’s Board has approved an expanded power purchase agreement (PPA) to procure renewable power for a total of 2,507 MW across its sites at Vijayanagar, Dolvi, Salem, and Anjar. Of the initial 1,637 MW commitment, 375 MW has already been commissioned, with an additional 580 MW expected to come online by March 2025.
The Board has now greenlit further renewable procurement, including a hybrid energy capacity of 600 MW (200 MW solar and 400 MW wind) at Dolvi, 60 MW at Salem, and 210 MW at JSW Steel Coated Products. These additional capacities are targeted for commissioning by FY27.
Meanwhile, at Vijayanagar, JSW Vijayanagar Metallics (JVML) has made progress with its 5 MTPA project, commissioning a hot strip mill in March 2024. The raw material handling system, sinter plant, and blast furnace are operational, with the steel melt shop in the commissioning phase, expected to ramp up by Q4 FY25.
Author: PPD Team Date: September 30, 2025 Kholongchhu Hydro Power Ltd (KHPL) has signed a Rs 4,829 crore term loan agreement with Power Finance Corporation (PFC) to fund the 600-megawatt Khorlochhu Hydropower Project in Bhutan. KHPL is a joint venture with Druk Green Power Corporation Ltd (DGPC) holding 60 per cent and Tata Power Company Ltd holding 40 per cent. Located in the Trashiyangtse Dzongkhag region, the project has an estimated cost of about Rs…
Author: PPD Team Date: January 16, 2025 The UAE has launched the world’s first large-scale, round-the-clock gigascale energy storage project in Abu Dhabi, combining a 5.2GW solar power plant with a 19GWh battery energy storage system (BESS). The initiative enables the UAE to dispatch renewable energy 24/7, addressing intermittency challenges that have hindered renewable energy deployment globally. The project will deliver 1GW of baseload power daily from renewable sources and is a major step in…
Author: PPD Team Date: May 27, 2025 At the Rising North East Investor Summit 2025, energy emerged as a key pillar of India’s development push in the region. Held from May 23–24 in New Delhi and inaugurated by Prime Minister Narendra Modi, the summit saw investment proposals worth Rs 4.3 trillion across multiple sectors, with energy and infrastructure drawing strong interest. Among major commitments, Mukesh Ambani announced Rs 75,000 crore for agriculture, digital services, and…
Author: PPD Team Date: December 18, 2024 Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first fundraising round since the company’s demerger. The round saw participation from GEF Capital Partners and ENAM Holdings. The capital will be used for ongoing capex, enhancing production capacity, developing new products, and expanding into international markets.
Author: PPD Team Date: January 29, 2025 Suzlon Group’s net profit surged by 91% year-on-year, reaching Rs 3.88 billion. The company achieved its highest-ever quarterly deliveries, totalling 447 MW, bringing its nine-month total to 977 MW. Revenue for the quarter grew by 42% from the previous quarter and 94% from the same period last year, amounting to $2.97 billion. Suzlon’s EBITDA increased by 102%, reaching $500 million, while its order book hit a record 5,500…
Author: PPD Team Date: December 23, 2025 The Central Electricity Authority (CEA) has issued letters to states outlining measures to resolve key barriers in monetizing intra state transmission assets under the Acquire, Operate, Maintain, and Transfer (AOMT) model. The move follows a workshop held on 06 December 2024 by the CEA with the National Investment and Infrastructure Fund, PFC Consulting Limited, and Power Grid InvIT, attended by 24 states and union territories. States flagged three…