Author: PPD Team Date: 13/12/2024
The Government of Nagaland has unveiled its Intra-State Transmission Plan for 2032 to address a 510 MVA capacity gap in the state’s power infrastructure.
The project includes the construction of nine 132/33 kV substations and 476 km of transmission lines. The estimated investment for the initiative stands at Rs 11.5 billion.
Author: PPD Team Date: 12/12/2024 Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion. The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following the announcement,…
Author: PPD Team Date: 13/01/2025 The Union Ministry of Environment, Forest and Climate Change (MoEF&CC) has issued a fourth extension for thermal power plants (TPPs) to meet sulphur dioxide (SO₂) emission standards. Category A now by December 31, 2027; Category B by December 31, 2028; and Category C by December 31, 2029. The latest notification, dated December 30, 2024, revises the deadlines for the installation of flue gas desulphurisation (FGD) systems. Timeline of compliance extensions:…
Author: PPD Team Date: 13/01/2025 Dakshin Gujarat Vij Company Limited (DGVCL) has issued Letters of Intent (LoIs) to four firms for the development of 127 MW decentralised solar power projects under component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program in Gujarat. Details of the firms and their respective projects: KPI Green Energy Limited: 51 MW across 15 locations at a tariff range of Rs 2.28-3 per kWh. Shree Ganesh…
Author: PPD Team Date: 28/10/2024 REC Power Development & Consultancy Ltd (RECPDCL) has created three wholly-owned subsidiaries to develop interstate transmission system (ISTS) schemes across Gujarat, Rajasthan, and Jammu & Kashmir. On October 25, 2024, RECPDCL incorporated Banaskantha Transco Ltd as a special purpose vehicle (SPV) to implement the “Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS)” project in Gujarat. The bidder selection for this ISTS scheme will be carried out through the tariff-based…
Author: PPD Team Date: 29/11/2024 NTPC plans to invest Rs 3-4 trillion to develop 20 GW of nuclear power capacity by 2047. It aligns with the government’s target of achieving 100 GW under the Viksit Bharat mission. NTPC’s first nuclear project, the 2,800 MW Mahi Banswara plant in Rajasthan, will be a joint venture with the Nuclear Power Corporation of India (NPCIL), involving an investment of Rs 450-500 billion. Groundwork is expected to begin by…
Author: PPD Team Date: 07/11/2024 SJVN Limited has announced its financial results for the quarter ending September 2024 (Q2 FY25), reporting a consolidated net profit of Rs 4,399 million, a slight increase from Rs 4,396.4 million in the same period last year. The company’s total income rose by approximately 16.48% to Rs 11,084.3 million, up from Rs 9,516.2 million in the corresponding quarter of the previous year.