Author: PPD Team Date: 13/01/2025
NTPC Limited plans to commission Unit-III of the North Karanpura (Pakri Barwadih) Power Project by March 2025.
The project, located near Tandwa town in Chatra district, Jharkhand, involves three units of 660 MW each and is being developed at an investment of Rs 151.64 billion.
Bharat Heavy Electricals Limited (BHEL) is the engineering, procurement, and construction (EPC) contractor for the project.
Author: PPD Team Date: 05/06/2025 The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam. The withdrawal comes in response to local protests over the project’s development. ADB had initially approved the loan in October 2024. The project is being implemented by Assam Power Development Company Limited (APDCL) under the “Mukhya Mantri Sauro Shakti Prokolpo”…
Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds…
Author: PPD Team Date: 24/12/2024 Union Minister of Power and Housing & Urban Affairs Shri Manohar Lal reviewed the power sector scenario for the Union Territory (UT) of Lakshadweep in Kavaratti. Shri Praful Patel, Administrator of Lakshadweep, along with senior officials from the UT administration, Government of India (GoI), and Power Finance Corporation (PFC), attended the meeting. Key issues discussed included the status of power generation, the performance of the electricity department, demand-supply challenges, and…
Author: PPD Team Date: 02/01/2025 NTPC Vidyut Vyapar Nigam Limited (NVVN), a subsidiary of NTPC Limited, has invited bids for the 50 MW Andaman & Nicobar Gas Power Project. Bids can be submitted until January 27, 2025. The project, based on gas engine power, will be implemented in the Andaman & Nicobar Islands with a targeted completion timeline of 840 days.
Author: PPD Team Date: 22/04/2025 Uttar Pradesh is stepping up its solar push. The state plans to install 8 lakh rooftop solar units by March 2027 under the PM Surya Ghar Yojana. The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) is leading the effort. For the current financial year, the target is 2.65 lakh units. To stay on track, the state is aiming for 22,000 installations every month. The goal is to boost…
Author: PPD Team Date: 06/12/2024 The Governments of the Philippines and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to strengthen cooperation in energy transition. The agreement focuses on key areas such as renewable energy, liquefied natural gas, nuclear energy, power infrastructure, and emerging technologies. An implementation agreement with a UAE state-owned firm is expected in January 2025, advancing renewable and alternative energy projects. This MoU follows a similar agreement signed…
Author: PPD Team Date: 05/06/2025 The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam. The withdrawal comes in response to local protests over the project’s development. ADB had initially approved the loan in October 2024. The project is being implemented by Assam Power Development Company Limited (APDCL) under the “Mukhya Mantri Sauro Shakti Prokolpo”…
Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds…
Author: PPD Team Date: 24/12/2024 Union Minister of Power and Housing & Urban Affairs Shri Manohar Lal reviewed the power sector scenario for the Union Territory (UT) of Lakshadweep in Kavaratti. Shri Praful Patel, Administrator of Lakshadweep, along with senior officials from the UT administration, Government of India (GoI), and Power Finance Corporation (PFC), attended the meeting. Key issues discussed included the status of power generation, the performance of the electricity department, demand-supply challenges, and…
Author: PPD Team Date: 02/01/2025 NTPC Vidyut Vyapar Nigam Limited (NVVN), a subsidiary of NTPC Limited, has invited bids for the 50 MW Andaman & Nicobar Gas Power Project. Bids can be submitted until January 27, 2025. The project, based on gas engine power, will be implemented in the Andaman & Nicobar Islands with a targeted completion timeline of 840 days.
Author: PPD Team Date: 22/04/2025 Uttar Pradesh is stepping up its solar push. The state plans to install 8 lakh rooftop solar units by March 2027 under the PM Surya Ghar Yojana. The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) is leading the effort. For the current financial year, the target is 2.65 lakh units. To stay on track, the state is aiming for 22,000 installations every month. The goal is to boost…
Author: PPD Team Date: 06/12/2024 The Governments of the Philippines and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to strengthen cooperation in energy transition. The agreement focuses on key areas such as renewable energy, liquefied natural gas, nuclear energy, power infrastructure, and emerging technologies. An implementation agreement with a UAE state-owned firm is expected in January 2025, advancing renewable and alternative energy projects. This MoU follows a similar agreement signed…
Author: PPD Team Date: 05/06/2025 The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam. The withdrawal comes in response to local protests over the project’s development. ADB had initially approved the loan in October 2024. The project is being implemented by Assam Power Development Company Limited (APDCL) under the “Mukhya Mantri Sauro Shakti Prokolpo”…
Author: PPD Team Date: 01/04/2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use the funds…