Author: PPD Team Date: 20/12/2024
Mercados Energy Markets India Private Limited has secured a Rs 2.8 million contract to provide consultancy and regulatory support services to Assam Power Distribution Company Limited (APDCL) for the procurement of 500 MW long-term hydro power.
APDCL invited bids for the consultancy in October 2024. The project will be executed through a tariff-based competitive bidding (TBCB) process.
Author: PPD Team Date: 23/01/2025 Madhya Pradesh Power Transmission Company Ltd (MPPTCL) has initiated the remote monitoring and operation of its extra-high voltage AIS substations, starting with the 132kV AIS substation at Madhotal. This substation will now be controlled remotely from the nearby 220kV Jabalpur substation, marking a significant milestone for the state in improving power transmission efficiency. Following this success, MPPTCL plans to extend remote operations to three more old substations. The 132kV substations…
Author: PPD Team Date: 31/01/2025 Voltamp Transformers Ltd has commenced construction of its new power transformer manufacturing facility at Jarod in Vadodara district, Gujarat. The company has completed all land acquisition formalities and initiated work on the factory building. The facility aims to address rising demand in the transformer market over the next 7–10 years. In its first phase, the plant will have an annual capacity of around 6,000 MVA, producing transformers of up…
Author: PPD Team Date: 16/01/2025 The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed, attracting over $3bn in global investor interest. This inaugural bond, part of CCMM’s borrowing programme launched at COP29 in November 2024, aims to scale up clean technology and infrastructure projects in developing countries. Final pricing was set at +36.6…
Author: PPD Team Date: 26/11/2024 India has strongly opposed the adoption of a $300 billion annual climate finance package for the Global South by 2035 at the UN climate conference COP29 in Baku, Azerbaijan. India argued the package is inadequate compared to the $1.3 trillion annually that the Global South has demanded to combat climate change impacts and transition to low-carbon economies. Developed countries, historically the largest emitters of greenhouse gases, are expected to finance,…
Author: PPD Team Date: 02/01/2025 NTPC Limited has declared the results for its 1,200 MW wind-solar hybrid (Hybrid 02) ISTS-connected projects, with an additional greenshoe option of up to 600 MW. JSP Green (Jindal Renewables): 350 MW at Rs 3.38 per kWh. Adyant Enersol (Datta Infra): 150 MW at Rs 3.44 per kWh. Green Prairie Energy IV (EverGreen Power): 200 MW at Rs 3.44 per kWh. AMPIN Energy Utility: 150 MW at Rs 3.44 per…
Author: PPD Team Date: 18/12/2024 VCI Global aims to develop and acquire up to 100 MW of solar photovoltaic (PV) projects across Southeast Asia and Europe within the next five years, generating an estimated $200 million in revenue over 20 years. The company plans to source at least 70 percent of this capacity from projects in Malaysia, leveraging government programs like the Corporate Renewable Energy Supply Scheme (CRESS). Additionally, VCI Global intends to acquire 30…