Kazakhstan begins site studies for first nuclear power plant
Author: PPD Team Date: August 22, 2025
Author: PPD Team Date: August 22, 2025
Kazakhstan has started engineering surveys for its first modern nuclear power station at Ulken in the Almaty region. The studies mark the initial stage of the project, following a ceremony earlier this month held by the Agency for Atomic Energy and Russia’s Rosatom.
The current phase involves a detailed review of the site’s suitability, including seismic and environmental assessments. The work requires drilling at least 50 wells to depths of 30 to 120 meters. The surveys will continue for 18 months before a final location decision is made.
The project is planned to use Russia’s VVER-1200 reactor, a Generation 3+ pressurised water reactor with a capacity of 1,200 MW and a lifespan of 60 years, extendable by another 20 years. Around $1 billion has been allocated for schools, hospitals, and social facilities in addition to the estimated $14–15 billion cost of the facility.
In June, Kazakhstan confirmed Rosatom would lead construction of its first nuclear power station, while China’s CNNC would take charge of a second project.
Author: PPD Team Date: November 12, 2025 ReNew Energy reported a 5.3% year-on-year drop in its consolidated net profit to Rs 467.5 crore for the September quarter (Q2 FY26), compared to Rs 493.9 crore in the same period last year. The company’s total income, however, rose to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenues across its operating segments. According to the company, net profit for Q2 FY26 stood at Rs 4,675…
Author: PPD Team Date: July 25, 2025 The Supreme Court has upheld a Delhi High Court ruling that exempts key regulatory fees charged by electricity commissions from Goods and Services Tax (GST). These include fees for granting distribution licences, regulating electricity supply, and other annual charges collected by the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC). This brings clarity to how GST applies to statutory regulatory functions in the power…
Author: PPD Team Date: January 22, 2025 AboitizPower and Upgrade Energy Philippines (UGEP) have signed a long-term solar power purchase agreement (PPA) with Republic Cement & Building Materials (RCBM). Their joint venture, Aboitiz Upgrade Solar (AUSI), will develop, build, and operate a ground-mounted solar project at RCBM’s Bulacan facility. The project, slated for completion in the second half of 2025, aims to lower operational costs and carbon emissions for the cement manufacturer.
Author: PPD Team Date: January 14, 2025 Waaree Energies Limited has signed an agreement to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L. The acquisition, valued at Rs 7.92 billion, is subject to customary closing adjustments. EGP India operates a renewable energy platform with a net capacity of approximately 640 MW AC (760 MW DC) and a project pipeline of 2,500 MW across multiple states in…
Author: PPD Team Date: February 7, 2025 RMC Switchgears Limited has won a Rs 192.4 million contract from Maharashtra State Power Generation Company Limited (MSPGCL) for setting up 10 MW decentralised solar photovoltaic (PV) power projects under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0” scheme in Maharashtra. The contract was awarded on February 5, 2025. The project, located at the 33/11 kV Sakali substation in Yawal taluka, Jalgaon district, will be implemented on an…
Author: PPD Team Date: January 20, 2026 BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of operational renewable energy projects. The loan facility carries an interest rate of around 7.70% and has a tenor ranging from 16 to 20 years. It is secured against BluPine…