Kshema Power wins Rs 1.08 billion contract for 400 kV transmission line
Author: PPD Team Date: September 24, 2025
Author: PPD Team Date: September 24, 2025
Kshema Power has secured a Rs 1.08 billion contract to build a 42-kilometre, 400 kV transmission line in Ananthapuram district, Andhra Pradesh, to evacuate power from a 1 GW wind farm. The project will use a single-circuit line on double-circuit towers to support reliable power transmission.
The contract includes the full project lifecycle, covering design approval, material procurement, civil works, tower erection, regulatory clearances, testing, and commissioning. Kshema Power will also deploy specialised teams to manage project execution.
Kshema Power is an engineering, procurement, and construction company focused on renewable energy infrastructure. The company has completed over 4.5 GW of wind projects and installed 1,600 km of transmission lines across India.
Managing Director Dr Sateesh Basant stated that the project marks the company’s return to high-voltage transmission and supports its expansion in renewable energy infrastructure. He added that it will generate employment opportunities and strengthen Kshema Power’s growth prospects.
Author: PPD Team Date: December 19, 2024 ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa. This acquisition will strengthen ABB’s position in the growing market for high-powered renewable power conversion technology. The acquired portfolio includes Doubly-fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar power inverters. The transaction will add over 100 specialized engineers and two Spanish converter…
Author: PPD Team Date: May 29, 2025 Dharamjaigarh Transmission Limited, a special purpose vehicle (SPV) set up by Power Grid Corporation of India Limited (PGCIL), has commissioned the Western Region Expansion Scheme-XXVIII (WRES-XXVIII) and Western Region Expansion Scheme-XXIX (WRES-XXIX). The Date of Commercial Operation (DOCO) for both schemes was notified on May 23, 2025. PGCIL implemented the project in Chhattisgarh. The schemes aim to strengthen the transmission infrastructure in the western region and support increased…
Author: PPD Team Date: December 30, 2024 JSW Neo Energy, a subsidiary of JSW Energy, has signed an agreement to acquire a 4,696 MW renewable energy platform from O2 Power for Rs 124.68 billion. O2 Power is a joint venture of EQT Infrastructure and Temasek. The acquisition involves O2 Power Midco Holdings and O2 Energy SG and requires approval from the Competition Commission of India (CCI) and other regulatory clearances. The renewable energy portfolio includes…
Author: PPD Team Date: November 12, 2025 ReNew Energy has received $331 million in debt financing from the Asian Development Bank (ADB) to develop a large-scale clean energy project in Andhra Pradesh. The financing includes up to $291 million in local currency from ADB’s ordinary capital resources and $40 million from the ADB-administered Leading Asia’s Private Infrastructure Fund 2. The loan forms part of a $477 million financial package, with the remaining $146 million expected…
Author: PPD Team Date: October 17, 2024 Waaree Energies has announced its initial public offering (IPO), set to launch on October 21, 2024. The anchor investor bidding will open on October 18, and the offer will close on October 23. The IPO includes 4.8 million equity shares with a total value of Rs 36 billion. The price band is set between Rs 1,427 and Rs 1,503 per share, with a minimum bid of 9 shares. …
Author: PPD Team Date: January 21, 2026 Power Grid Corporation of India Limited (POWERGRID) announced on 20 January 2026 that its Committee of Directors on Investment on Projects has approved three capital expenditure proposals for procuring cold spare transformers and reactors. The combined estimated cost of the approvals is about Rs 914 crore. The approvals cover three separate procurement packages, each with an implementation period of 30 months from the date of investment approval. The…