Author: PPD Team Date: 26/12/2024
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Author: PPD Team Date: 26/11/2024 Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings. The company secured the contract with a winning bid of $0.0354 per kilowatt hour (kWh). The auction, opened in April 2024 by Azerbaijan’s Ministry of Energy, was supported by the European Bank for Reconstruction and Development (EBRD). The announcement coincided with the COP29 climate summit in…
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Author: PPD Team Date: 07/01/2025 KEC International Limited, a wholly-owned subsidiary of the RPG Group, has secured new orders worth Rs 10.97 billion in the transmission and distribution (T&D) sector. These include a 400 kV transmission line project in the UAE and the supply of towers, hardware, and poles for various projects in the Americas, including the United States, Mexico, and Brazil.
US ends Iraq’s sanctions waiver for Iranian electricity imports
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Azerbaijan awards first 100 MW solar project to Universal International
Author: PPD Team Date: 26/11/2024 Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings. The company secured the contract with a winning bid of $0.0354 per kilowatt hour (kWh). The auction, opened in April 2024 by Azerbaijan’s Ministry of Energy, was supported by the European Bank for Reconstruction and Development (EBRD). The announcement coincided with the COP29 climate summit in…
Adani Green Energy posts 39% rise in quarterly net profit to Rs 5.15 billion
Author: PPD Team Date: 28/10/2024 Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year. The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.