Author: PPD Team Date: 27/12/2024 Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects. Equity for these projects has already been secured. The company...
Author: PPD Team Date: 27/12/2024 Siemens Limited has emerged as the lowest bidder (L1) with a bid of Rs 647.79 million for civil works on the Distributed Control System (DCS) in Unit I of the Suratgarh Thermal Power Station (TPS) Renovation and...
Author: PPD Team Date: 27/12/2024 PFC Consulting Limited (PFCCL) has incorporated Mundra I Transmission Limited, a special purpose vehicle (SPV), for developing the transmission system to supply power to Green Hydrogen and Ammonia manufacturing...
Author: PPD Team Date: 26/12/2024 Oil India Limited (OIL) has announced the establishment of a wholly-owned subsidiary, OIL Green Energy, to manage its green and alternative energy ventures. The company plans to invest Rs 250 billion by 2040 to...
Author: PPD Team Date: 26/12/2024 ACME Solar has secured Rs 19.88 billion in term finance from Power Finance Corporation Ltd (PFC) for the development of a 300-MW wind-solar hybrid renewable energy project. ACME Renewtech Pvt Ltd, a subsidiary of...
Author: PPD Team Date: 26/12/2024 Solidus Techno Power Private Limited has secured a 29 MWp solar project in Bikaner, Rajasthan, marking its expansion beyond Punjab. The project will supply 40% of the electricity needed for a large industrial...
Author: PPD Team Date: 26/12/2024 Waaree Energies Limited has approved plans to establish a 300 MW electrolyser manufacturing facility and a 3.5 GWh lithium-ion Advanced Chemistry Storage Cell production plant. The electrolyser manufacturing project...
Author: PPD Team Date: 26/12/2024 UltraTech Cement has announced plans to source renewable energy through a captive arrangement with CleanMax’s special-purpose vehicle (SPV), Clean Max Sapphire. The company has acquired a 26% equity share in the SPV...
Author: PPD Team Date: 26/12/2024 REC Power Distribution Company Limited (REC PDCL) incorporated Rajgarh III Power Transmission Limited, a special purpose vehicle (SPV) for the development of the Transmission system for Evacuation of Power from RE...
Author: PPD Team Date: 26/12/2024 NTPC Limited has planned to establish a nuclear power project (NPP) in Bihar. The company has requested the state government to allocate suitable land for the project and is expected to conduct a study before...
Author: PPD Team Date: 26/12/2024 Adani Enterprises Limited (AEL) has announced plans to set up an Ultra Super Critical Thermal Power Plant in Bihar. The project will involve an investment of Rs 200 billion...
Author: PPD Team Date: 26/12/2024 The Ministry of Power (MoP) has planned to set up a nuclear power plant (NPP) in Kerala, pending the availability of 60.7 hectares of land. Athirappilly in Thrissur district and Cheemeni in Kasaragod district have...
Author: PPD Team Date: 26/12/2024 The Central Government has laid the foundation stone for three hydroelectric projects (HEPs) in Himachal Pradesh. These projects are: Luhri Hydro Electric Project Stage I: This project involves constructing an 86 m...
Author: PPD Team Date: 26/12/2024 Shree Cements Limited is planning to establish a solar power project in Purnia, Bihar. The company will invest around Rs 3,000 million for the project’s development...
Author: PPD Team Date: 26/12/2024 Three companies secured contracts totalling 600 MW for the development of 1,000 MW Inter-State Transmission System (ISTS)-Connected Solar Power Projects under Tranche-XVIII. ReNew Solar Power Private Limited (ReNew...
Author: PPD Team Date: 26/12/2024 Refex Renewables & Infrastructure Limited has issued 105 senior, secured, unrated, unlisted, and taxable non-convertible debentures (NCDs) through private placement. The NCDs, with an aggregate value of Rs 1.05...
Author: PPD Team Date: 26/12/2024 Six companies have won bids to set up a total of 816 MW capacity under the 1,200 MW ISTS-Connected Solar Power Project (NTPC-02) anywhere in India, as announced on December 23, 2024. Bharat Petroleum Corporation...
Author: PPD Team Date: 26/12/2024 India’s solar module manufacturing industry is poised for significant growth over the next five years, driven by domestic demand projected at 50-55 gigawatts (GW) annually from FY24 to FY30, according to a...
Author: PPD Team Date: 26/12/2024 Chief Minister Thakur Sukhvinder Singh Sukhu recently reviewed the progress of ongoing energy projects and emphasized the State Government’s focus on expanding green energy initiatives. He highlighted the...
Author: PPD Team Date: 24/12/2024 Bangladesh owes Tripura Rs 20 billion for electricity supplied under an agreement with the Tripura State Electricity Corporation Limited. Tripura provides 60-70 MW of power, but the dues are increasing daily. Chief...
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