Author: PPD Team Date: 20/12/2024
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Centre approves Rs 4.88 billion for power grid upgrades in Telangana
Author: PPD Team Date: 28/01/2025 The central government has approved an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes to strengthen Telangana’s power grid and ensure reliable electricity supply. The investment will support the installation of smart meters in government offices under the Revamped Distribution Sector Scheme (RDSS). Additionally, Telangana’s proposal under the planned distribution scheme will be given priority consideration.
Cathay Life acquires 50% stake in Ørsted’s Greater Changhua 4 wind farm
Author: PPD Team Date: 13/12/2024 Ørsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm in Taiwan to Cathay Life Insurance (CLI) and its affiliate Cathay Wind Power Holdings. The deal, valued at DKr11.6 billion ($1.6 billion), includes 50% ownership and an equal commitment to fund engineering, procurement, and construction (EPC) payments. The transaction, which has received regulatory approvals, is expected to close by the end of 2024. The…
TAQA, JERA, and AlBawani to develop 3.6 GW power plants in Saudi Arabia
Author: PPD Team Date: 21/11/2024 The consortium of Abu Dhabi National Energy Company (TAQA), JERA Co., Inc., and AlBawani Capital has signed two 25-year power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) to develop the 1.8 GW Rumah 2 Independent Power Project (IPP) and the 1.8 GW Al Nairyah 2 IPP. These greenfield combined cycle gas turbine (CCGT) power plants will have a total capacity of 3.6 GW, using advanced high-efficiency gas…
Tata Power commissions 126 MW floating solar project in Madhya Pradesh
Author: PPD Team Date: 14/11/2024 Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this installation is among India’s largest floating solar projects, marking a significant milestone in the country’s…
AETL signs MoU to set up green hydrogen plant in Haryana
Author: PPD Team Date: 18/02/2025 Advait Energy Transitions Limited (AETL), previously known as Advait Infratech Limited, has signed a memorandum of understanding (MoU) with Haryana City Gas Distribution (Bhiwadi) Limited to establish a 2,000 metric tonnes per annum (MTPA) green hydrogen plant. As part of the agreement, AETL will provide 15 MW alkaline-based electrolysers and offer Engineering, Procurement, and Construction (EPC) solutions, including balance of plant systems. AETL will also handle the operations and maintenance…
Masdar, EDF Renewables sign PPA with Soluna for wind power
Author: PPD Team Date: 06/03/2025 EDF Renewables North America and Abu Dhabi Future Energy Company (Masdar) have signed a power purchase agreement (PPA) with data center developer Soluna Holdings. Under this agreement, Soluna will purchase up to 166 MW of energy from the Las Majadas wind project to power its upcoming data center, Project Kati, near the wind project’s substation in Willacy County, Texas. The 273 MW Las Majadas wind farm has been operational since…
Centre approves Rs 4.88 billion for power grid upgrades in Telangana
Author: PPD Team Date: 28/01/2025 The central government has approved an investment of Rs 4.88 billion under the Power System Development Fund for nine new schemes to strengthen Telangana’s power grid and ensure reliable electricity supply. The investment will support the installation of smart meters in government offices under the Revamped Distribution Sector Scheme (RDSS). Additionally, Telangana’s proposal under the planned distribution scheme will be given priority consideration.