Author: PPD Team Date: 04/12/2024
North Eastern Electric Power Corporation Limited (NEEPCO) has invited bids for the engineering, procurement, and construction (EPC) package for the 240 MW Heo Hydro Electric Project in Arunachal Pradesh.
The turnkey execution project, announced on November 27, 2024, has a bid submission deadline of February 25, 2025.
The project, estimated to cost Rs 10.61 billion, is expected to be completed in 1,170 days.
Author: PPD Team Date: 13/02/2025 Megha Engineering and Infrastructure Limited (MEIL) is set to invest Rs 103 billion in developing a pumped storage project (PSP) at Kommuru in Annamayya district, Andhra Pradesh. The project has received approval from the State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu. This project is among 15 PSPs approved by SIPB and aims to enhance the region’s energy infrastructure. Along with generating clean electricity, the initiative is…
Author: PPD Team Date: 03/12/2024 An analysis based on a Lok Sabha reply has revealed that Uttar Pradesh, Maharashtra, and Tamil Nadu are the top three states with the highest project cost sanctioned under the Revamped Distribution Sector Scheme (RDSS). Uttar Pradesh leads with Rs 405.68 billion worth of projects sanctioned, followed by Maharashtra with Rs 324.24 billion and Tamil Nadu with Rs 288.03 billion. The top ten states collectively account for nearly 80% of…
Author: PPD Team Date: 26/03/2025 Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio. The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing…
Author: PPD Team Date: 16/05/2025 JSW Energy Limited reported a 21 per cent year-on-year increase in Q4 revenue, reaching Rs 34.97 billion in the January–March quarter of FY 2024–25, compared to Rs 28.79 billion in Q4 FY 2023–24. For the full year, the company posted Rs 126.39 billion in revenue, up 6 per cent from Rs 119.41 billion in the previous year. Tata Power Company Limited recorded a net profit of Rs 47.75 billion in…
Author: PPD Team Date: 17/12/2024 Tamil Nadu Green Energy Corporation Limited (TNGECL) plans to develop 100 MW cumulative wind-solar hybrid power projects in the state. The projects are expected to be set up on a design, build, own, operate, and transfer (DBOOT) basis in Thoothukudi and Kanyakumari districts. TNGECL is preparing a detailed project report (DPR) for the initiative.
Author: PPD Team Date: 20/11/2024 CHN Energy’s subsidiary, Guohua Energy Investment Co., Ltd., has connected the initial set of photovoltaic (PV) units from its 1 GW offshore PV project to the grid. Located in Kenli District, Shandong Province, China, the project spans 1,223 hectares and includes 2,934 PV platforms supported by offshore steel truss platform fixed pile foundations. The project features a 66 kV offshore cable paired with an onshore cable for efficient, high-capacity, long-distance…