Author: PPD Team Date: 06/11/2024
NTPC Limited has signed a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly own and operate the Chhabra thermal power plant.
The 2,320 MW plant, currently managed by RVUNL, comprises four 250 MW units (Stage 1) and two 660 MW units (Stage 2). Under this 50:50 partnership, the joint venture aims to manage the plant’s operations and explore capacity expansion opportunities.
Author: PPD Team Date: 11/12/2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue will primarily…
Author: PPD Team Date: 21/01/2025 Photo: The LIBRTI facility: illustration with labels. Credit: United Kingdom Atomic Energy Authority. The UK Atomic Energy Authority (UKAEA) has announced a £200 million ($244 million) investment in the Lithium Breeding Tritium Innovation (LIBRTI) programme, a key part of the broader Fusion Futures project. The programme aims to advance fusion fuel development and strengthen industry capacity through global collaboration. One of its main goals is to demonstrate controlled tritium breeding,…
Author: PPD Team Date: 26/11/2024 A consortium of Bharat Heavy Electricals (BHEL) and Hitachi Energy India has secured a contract from Power Grid Corporation of India (PGCIL) for the Khavda-Nagpur High Voltage Direct Current (HVDC) transmission project. The contract involves designing and constructing 800kV, 6,000 MW HVDC terminal stations at the Khavda Pooling Station-2 in Gujarat and Nagpur in Maharashtra. Spanning 1,200 km, the system will enable bi-directional power flow and facilitate renewable energy evacuation…
Author: PPD Team Date: 05/12/2024 India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country targets expanding this to nearly 14 GW. By 2031-32, the goal is to reach 20…
Author: PPD Team Date: 16/10/2024 Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea. The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in…
Author: PPD Team Date: 03/03/2025 The New and Renewable Energy Department, Government of Assam (GoA), has signed a Memorandum of Understanding (MoU) with Oriana Power Limited to develop solar and Battery Energy Storage System (BESS) projects in the Kamrup district. The agreement was formalized at the Investment and Infrastructure Summit 2025 on February 28, 2025. The project is estimated to cost Rs 5 billion. The summit also saw major investment announcements, including Rs 500 billion…
Author: PPD Team Date: 11/12/2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue will primarily…
Author: PPD Team Date: 21/01/2025 Photo: The LIBRTI facility: illustration with labels. Credit: United Kingdom Atomic Energy Authority. The UK Atomic Energy Authority (UKAEA) has announced a £200 million ($244 million) investment in the Lithium Breeding Tritium Innovation (LIBRTI) programme, a key part of the broader Fusion Futures project. The programme aims to advance fusion fuel development and strengthen industry capacity through global collaboration. One of its main goals is to demonstrate controlled tritium breeding,…
Author: PPD Team Date: 26/11/2024 A consortium of Bharat Heavy Electricals (BHEL) and Hitachi Energy India has secured a contract from Power Grid Corporation of India (PGCIL) for the Khavda-Nagpur High Voltage Direct Current (HVDC) transmission project. The contract involves designing and constructing 800kV, 6,000 MW HVDC terminal stations at the Khavda Pooling Station-2 in Gujarat and Nagpur in Maharashtra. Spanning 1,200 km, the system will enable bi-directional power flow and facilitate renewable energy evacuation…
Author: PPD Team Date: 05/12/2024 India’s Department of Atomic Energy (DAE) aims to nearly double the country’s nuclear power capacity by 2029. DAE secretary and Atomic Energy Commission chairman, AK Mohanty, shared this plan during a press conference at Devi Ahilya Vishwavidyalaya. Currently, India’s nuclear power capacity is around 8.2 gigawatts (GW), and in the next five years, the country targets expanding this to nearly 14 GW. By 2031-32, the goal is to reach 20…
Author: PPD Team Date: 16/10/2024 Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea. The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in…
Author: PPD Team Date: 03/03/2025 The New and Renewable Energy Department, Government of Assam (GoA), has signed a Memorandum of Understanding (MoU) with Oriana Power Limited to develop solar and Battery Energy Storage System (BESS) projects in the Kamrup district. The agreement was formalized at the Investment and Infrastructure Summit 2025 on February 28, 2025. The project is estimated to cost Rs 5 billion. The summit also saw major investment announcements, including Rs 500 billion…
Author: PPD Team Date: 11/12/2024 Continuum Green Energy Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs 36.5 billion. The IPO includes a fresh issue of shares worth Rs 12.5 billion and an offer for sale of Rs 24 billion by the promoter, Continuum Green Energy Holdings Limited. The net proceeds from the fresh issue will primarily…
Author: PPD Team Date: 21/01/2025 Photo: The LIBRTI facility: illustration with labels. Credit: United Kingdom Atomic Energy Authority. The UK Atomic Energy Authority (UKAEA) has announced a £200 million ($244 million) investment in the Lithium Breeding Tritium Innovation (LIBRTI) programme, a key part of the broader Fusion Futures project. The programme aims to advance fusion fuel development and strengthen industry capacity through global collaboration. One of its main goals is to demonstrate controlled tritium breeding,…