Author: PPD Team Date: 26/11/2024
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and Maharashtra State Power Generation Company Limited (MAHAGENCO) have established a joint venture company, MAHAGENCO NTPC Green Energy Private Limited (MNGEPL).
The JV was incorporated on November 25, 2024. MNGEPL is a 50:50 partnership focused on developing, operating, and maintaining renewable energy parks in Maharashtra under the Ultra Mega Renewable Energy Power Parks (UMREPP) program.
Author: PPD Team Date: 06/11/2024 Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary. This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various generation sources. The North Plains Connector, linking the Midcontinent Independent System Operator, Western Interconnection, and…
Author: PPD Team Date: 20/11/2024 Power Grid Corporation of India Ltd (PGCIL) acquired “Khavda V-A Power Transmission Ltd” from REC Power Development & Consultancy Ltd (RECPDCL) on November 19, 2024. This project, valued at Rs 250 billion, is the largest interstate transmission system (ISTS) scheme awarded under the tariff-based competitive bidding (TBCB) mechanism. The project is India’s first TBCB-awarded transmission scheme employing HVDC technology, a departure from the earlier regulated tariff mechanism (RTM) for most…
Author: PPD Team Date: 17/02/2025 Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation Capacity at the 765/400 kV Lakadia Substation (S/s) in Gujarat-Part B. The acquisition follows the invitation of Request for Proposal (RFP) bids by REC Power Distribution Company Limited (REC PDCL) in September 2024. REC…
Author: PPD Team Date: 29/10/2024 Senvion India, the country’s fifth-largest wind turbine manufacturer, has announced plans to expand its manufacturing capacity to 2 GW by 2026. To support this growth, the company will invest over USD 100 million in research and development (R&D) and supply chain advancements over the next two years, focusing on launching new technologies. In September, Senvion India introduced a 4.2 MW wind turbine model, its first four MW turbine, developed in…
Author: PPD Team Date: 21/01/2025 MECON Limited has secured a contract valued at Rs 46.59 million to conduct Remnant Life Assessment (RLA) studies, detailed feasibility studies, and preparation of a Detailed Project Report (DPR) for the Shanan Hydro Power Project. The contract follows a bidding process initiated by Punjab State Power Corporation Limited (PSPCL) in August 2023. Originally, the project turbines had a capacity of 4 x 12 MW. In March 1982, the Government of…
Author: PPD Team Date: 30/12/2024 Hero Future Energies (HFE) has commissioned a 29 MW solar power project in Chitradurga, Karnataka, which will generate 33 million units of clean energy annually and reduce carbon dioxide emissions by 31,624 tonnes each year. This open-access solar project caters to the Commercial and Industrial (C&I) sector’s energy needs. Srivatsan Iyer, Global CEO of HFE, highlighted the project’s role in expanding the company’s footprint in Karnataka and supporting industrial decarbonisation….