Author: PPD Team Date: 12/12/2024
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TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro
Author: PPD Team Date: 21/11/2024 The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050….
BHEL wins Rs 67 billion contract for Singareni Stage-II project
Author: PPD Team Date: 17/02/2025 Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) worth Rs 67 billion from Singareni Collieries Company Limited (SCCL) for the engineering, procurement, and construction (EPC) package of the 1×800 MW Singareni Stage-II project, also known as the Adilabad Coal-Based Power Project Stage II. SCCL re-invited bids for the project in March 2024 after the initial invitation in November 2022. The contract involves the supply, erection, testing,…
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L&T acquires full ownership of LTSSHF
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TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro
Author: PPD Team Date: 21/11/2024 The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050….
BHEL wins Rs 67 billion contract for Singareni Stage-II project
Author: PPD Team Date: 17/02/2025 Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) worth Rs 67 billion from Singareni Collieries Company Limited (SCCL) for the engineering, procurement, and construction (EPC) package of the 1×800 MW Singareni Stage-II project, also known as the Adilabad Coal-Based Power Project Stage II. SCCL re-invited bids for the project in March 2024 after the initial invitation in November 2022. The contract involves the supply, erection, testing,…
Westinghouse, KEPCO, and KHNP settle dispute for global nuclear projects
Author: PPD Team Date: 17/01/2025 Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual property dispute. This settlement clears the way for the companies to jointly deploy new nuclear reactors worldwide. The resolution ensures that both Westinghouse and the Korean entities can proceed with confidence in the global nuclear power sector. Westinghouse President and CEO Patrick…
Kataria Industries acquires Ratlam Wires’ wire manufacturing business
Author: PPD Team Date: 28/10/2024 Kataria Industries has acquired the wire manufacturing business of Ratlam Wires for approximately Rs 310 million. The acquisition, valued at Rs 306 million, is structured as a slump sale, with the business continuing as a going concern. This move is expected to enhance Kataria’s presence in the steel wire industry. Ratlam Wires produces various steel wire products, including spring steel wires, PC strand wires, and both galvanized and ungalvanized wires….
UK and Australia to launch Climate and Energy Partnership for clean energy transition
Author: PPD Team Date: 28/10/2024 The UK and Australia have announced a partnership to pursue their energy transition goals through the Australia-UK Climate and Energy Partnership. The partnership will focus on the development and deployment of renewable technologies such as green hydrogen and offshore wind. UK Prime Minister Keir Starmer and Australian Prime Minister Anthony Albanese met on the sidelines of the Commonwealth Heads of Government Meeting in Apia, Samoa, where they underscored the role…
L&T acquires full ownership of LTSSHF
Author: PPD Team Date: 20/02/2025 Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments. The acquisition includes 1.47 billion equity shares, 1.67 billion preference shares, and a secured loan…
TVA signs 10-year PPA for 14 GWh carbon-free energy with Smoky Hydro
Author: PPD Team Date: 21/11/2024 The Tennessee Valley Authority (TVA), along with Argo Infrastructure Partners and Brookfield Asset Management, has finalized a 10-year power purchase agreement (PPA) for carbon-free energy from the Smoky Mountain Hydroelectric facilities. The agreement covers four hydroelectric dams—Cheoah, Calderwood, Chilhowee, and Santeetlah—jointly owned by Argo and Brookfield. Starting in 2025, Smoky will deliver over 14 gigawatt-hours of renewable energy annually to TVA customers, supporting TVA’s commitment to net-zero emissions by 2050….
BHEL wins Rs 67 billion contract for Singareni Stage-II project
Author: PPD Team Date: 17/02/2025 Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) worth Rs 67 billion from Singareni Collieries Company Limited (SCCL) for the engineering, procurement, and construction (EPC) package of the 1×800 MW Singareni Stage-II project, also known as the Adilabad Coal-Based Power Project Stage II. SCCL re-invited bids for the project in March 2024 after the initial invitation in November 2022. The contract involves the supply, erection, testing,…