Author: PPD Team Date: 18/12/2024
Kohlberg Kravis Roberts (KKR) has sold a 2.6 per cent stake in India Grid Trust through an open market transaction, valued at Rs 2.77 billion.
KKR’s affiliate, Esoteric II Pte, sold 20.1 million units at an average price of Rs 138.01 per unit.
Author: PPD Team Date: 18/10/2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase…
Author: PPD Team Date: 07/11/2024 E2E Energy Solutions has partnered with Novus Earth to develop Latitude 53 Hinton, a geothermal energy project near Hinton, Alberta, set to begin construction in early 2025. This two-phase initiative will utilize geothermal energy to support sustainable agriculture and produce clean electricity, bolstering Alberta’s renewable energy landscape. The first phase focuses on supplying geothermal heat for year-round strawberry cultivation in a 20-acre greenhouse, offering up to 50 gigajoules of heat…
Author: PPD Team Date: 11/12/2024 Jacobs has joined hands with Terra Solar Philippines Incorporation for a $3.3 billion energy project aimed at meeting 12% of the Philippines’ energy demand. The initiative features a 3.5 GW solar plant and 4.5 GW battery storage system spread across 3,000 hectares. It will utilize advanced digital tools and drones for monitoring and logistics. The project aims to reduce the country’s dependence on coal and promote cleaner energy solutions. Jacobs…
Author: PPD Team Date: 19/02/2025 TKIL Industries Private Limited has secured the lowest bidder (L1) position by quoting Rs 619.9 million for the stacker cum reclaimer package at the 2×800 MW Koderma Thermal Power Expansion Project. Bharat Heavy Electricals Limited (BHEL) invited bids for the package in October 2024. Promac Engineering Industries Limited and ISGEC Heavy Engineering Limited were the second-lowest (L2) and third-lowest (L3) bidders, quoting Rs 681.4 million and Rs 720.2 million, respectively….
Author: PPD Team Date: 16/12/2024 NorthWestern Energy has entered into a memorandum of understanding (MoU) with Grid United’s North Plains Connector to acquire a 10% stake in the 3GW HVDC transmission line project. The 420-mile (676 km) transmission line will link Bismarck, North Dakota, and Colstrip, Montana. Grid United will fund the development of the North Plains Connector, with NorthWestern Energy’s investment contingent on regulatory approvals. The project, developed jointly with ALLETE, will also involve…
Author: PPD Team Date: 26/11/2024 BayWa r.e. has sold three solar projects in the United States, totalling 517 MWDC, to an undisclosed renewable independent power producer (IPP). The deal, finalized in October 2024, represents the largest portfolio sale in BayWa r.e.’s history. The projects are expected to be operational by the end of 2025. Situated in the PJM (Pennsylvania, New Jersey, Maryland) Interconnection and Midcontinent Independent System Operator (MISO) territories, these projects are contributing to…
Author: PPD Team Date: 18/10/2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase…
Author: PPD Team Date: 07/11/2024 E2E Energy Solutions has partnered with Novus Earth to develop Latitude 53 Hinton, a geothermal energy project near Hinton, Alberta, set to begin construction in early 2025. This two-phase initiative will utilize geothermal energy to support sustainable agriculture and produce clean electricity, bolstering Alberta’s renewable energy landscape. The first phase focuses on supplying geothermal heat for year-round strawberry cultivation in a 20-acre greenhouse, offering up to 50 gigajoules of heat…
Author: PPD Team Date: 11/12/2024 Jacobs has joined hands with Terra Solar Philippines Incorporation for a $3.3 billion energy project aimed at meeting 12% of the Philippines’ energy demand. The initiative features a 3.5 GW solar plant and 4.5 GW battery storage system spread across 3,000 hectares. It will utilize advanced digital tools and drones for monitoring and logistics. The project aims to reduce the country’s dependence on coal and promote cleaner energy solutions. Jacobs…
Author: PPD Team Date: 19/02/2025 TKIL Industries Private Limited has secured the lowest bidder (L1) position by quoting Rs 619.9 million for the stacker cum reclaimer package at the 2×800 MW Koderma Thermal Power Expansion Project. Bharat Heavy Electricals Limited (BHEL) invited bids for the package in October 2024. Promac Engineering Industries Limited and ISGEC Heavy Engineering Limited were the second-lowest (L2) and third-lowest (L3) bidders, quoting Rs 681.4 million and Rs 720.2 million, respectively….
Author: PPD Team Date: 16/12/2024 NorthWestern Energy has entered into a memorandum of understanding (MoU) with Grid United’s North Plains Connector to acquire a 10% stake in the 3GW HVDC transmission line project. The 420-mile (676 km) transmission line will link Bismarck, North Dakota, and Colstrip, Montana. Grid United will fund the development of the North Plains Connector, with NorthWestern Energy’s investment contingent on regulatory approvals. The project, developed jointly with ALLETE, will also involve…
Author: PPD Team Date: 26/11/2024 BayWa r.e. has sold three solar projects in the United States, totalling 517 MWDC, to an undisclosed renewable independent power producer (IPP). The deal, finalized in October 2024, represents the largest portfolio sale in BayWa r.e.’s history. The projects are expected to be operational by the end of 2025. Situated in the PJM (Pennsylvania, New Jersey, Maryland) Interconnection and Midcontinent Independent System Operator (MISO) territories, these projects are contributing to…
Author: PPD Team Date: 18/10/2024 India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024. The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase…
Author: PPD Team Date: 07/11/2024 E2E Energy Solutions has partnered with Novus Earth to develop Latitude 53 Hinton, a geothermal energy project near Hinton, Alberta, set to begin construction in early 2025. This two-phase initiative will utilize geothermal energy to support sustainable agriculture and produce clean electricity, bolstering Alberta’s renewable energy landscape. The first phase focuses on supplying geothermal heat for year-round strawberry cultivation in a 20-acre greenhouse, offering up to 50 gigajoules of heat…