Author: PPD Team Date: 27/11/2024
On the third day of the 10th round of commercial coal mine auctions, Orissa Alloy Steel Private Limited secured the partially explored Kerendari-BC North coal block in Jharkhand, which has geological reserves of 600 million tonnes.
The company submitted the highest bid of 23.25% against a reserve price of 4%.
Author: PPD Team Date: 22/04/2025 Tata Power Renewable Energy Limited (TPREL) and Tata Motors have entered into a Power Purchase Agreement (PPA) to develop a 131 MW wind-solar hybrid power project in India. The agreement was signed on April 21, 2025. The power generated from this project will be supplied to six Tata Motors manufacturing plants located in Gujarat and Maharashtra. Set to produce around 300 million units of clean electricity annually, the project is…
Author: PPD Team Date: 19/12/2024 Texmaco Rail & Engineering Limited has won a Rs 1,874.1 million contract for constructing nine 132 kV transmission lines totalling 291 km in route length. The contract, awarded by Chhattisgarh State Power Transmission Company Limited (CSPTCL), was finalized on December 16, 2024, following bids invited in October 2023. The project is set to be completed within 15 months.
Author: PPD Team Date: 24/02/2025 The Ministry of Environment, Forest and Climate Change (MoEFCC) granted Terms of Reference (ToR) for the 3,000 MW Saidongar I (Closed loop) Pumped Storage Project and the 1,200 MW Saidongar II (Closed loop) Pumped Storage Project in Maharashtra on February 18, 2025. Torrent Power Limited (TPL) will implement the 3,000 MW Saidongar I project through Torrent Psh 3 Private Limited in Saidongar, Kusur, and Dhak villages, Mawal and Karjat tehsil,…
Author: PPD Team Date: 19/12/2024 Afreximbank has signed a financing agreement for a 200 MW hydropower project along the Lufira River in the Democratic Republic of Congo (DRC), in partnership with Kipay Investments. This marks the bank’s first private-sector renewable energy project in the DRC. The project includes the development of a reservoir-based hydropower plant aimed at providing clean, affordable power to mining companies, supporting copper and cobalt beneficiation, and enhancing electricity access for nearby…
Author: PPD Team Date: 17/01/2025 The US Department of Energy’s Loan Programs Office (LPO) has conditionally approved $22.92bn in financing for eight utilities across 12 states under the Energy Infrastructure Reinvestment (EIR) programme. Created by the Inflation Reduction Act, the programme aims to modernize energy infrastructure and reduce emissions. The loans will fund clean generation, transmission upgrades, energy storage, gas pipeline investments, and grid modernization projects. Utilities will benefit from lower financing costs compared to…
Author: PPD Team Date: 09/04/2025 Kundan Green Energy has taken over an 11.5 MW operational waste-to-energy plant in Jabalpur, Madhya Pradesh. The acquisition was made through insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The process was initiated by the State Bank of India and completed via the National Company Law Tribunal. The acquired facility, previously operated by the Essel Group under Jabalpur MSW Private Limited, processes about 450 tonnes of municipal solid waste…
Author: PPD Team Date: 22/04/2025 Tata Power Renewable Energy Limited (TPREL) and Tata Motors have entered into a Power Purchase Agreement (PPA) to develop a 131 MW wind-solar hybrid power project in India. The agreement was signed on April 21, 2025. The power generated from this project will be supplied to six Tata Motors manufacturing plants located in Gujarat and Maharashtra. Set to produce around 300 million units of clean electricity annually, the project is…
Author: PPD Team Date: 19/12/2024 Texmaco Rail & Engineering Limited has won a Rs 1,874.1 million contract for constructing nine 132 kV transmission lines totalling 291 km in route length. The contract, awarded by Chhattisgarh State Power Transmission Company Limited (CSPTCL), was finalized on December 16, 2024, following bids invited in October 2023. The project is set to be completed within 15 months.
Author: PPD Team Date: 24/02/2025 The Ministry of Environment, Forest and Climate Change (MoEFCC) granted Terms of Reference (ToR) for the 3,000 MW Saidongar I (Closed loop) Pumped Storage Project and the 1,200 MW Saidongar II (Closed loop) Pumped Storage Project in Maharashtra on February 18, 2025. Torrent Power Limited (TPL) will implement the 3,000 MW Saidongar I project through Torrent Psh 3 Private Limited in Saidongar, Kusur, and Dhak villages, Mawal and Karjat tehsil,…
Author: PPD Team Date: 19/12/2024 Afreximbank has signed a financing agreement for a 200 MW hydropower project along the Lufira River in the Democratic Republic of Congo (DRC), in partnership with Kipay Investments. This marks the bank’s first private-sector renewable energy project in the DRC. The project includes the development of a reservoir-based hydropower plant aimed at providing clean, affordable power to mining companies, supporting copper and cobalt beneficiation, and enhancing electricity access for nearby…
Author: PPD Team Date: 17/01/2025 The US Department of Energy’s Loan Programs Office (LPO) has conditionally approved $22.92bn in financing for eight utilities across 12 states under the Energy Infrastructure Reinvestment (EIR) programme. Created by the Inflation Reduction Act, the programme aims to modernize energy infrastructure and reduce emissions. The loans will fund clean generation, transmission upgrades, energy storage, gas pipeline investments, and grid modernization projects. Utilities will benefit from lower financing costs compared to…
Author: PPD Team Date: 09/04/2025 Kundan Green Energy has taken over an 11.5 MW operational waste-to-energy plant in Jabalpur, Madhya Pradesh. The acquisition was made through insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The process was initiated by the State Bank of India and completed via the National Company Law Tribunal. The acquired facility, previously operated by the Essel Group under Jabalpur MSW Private Limited, processes about 450 tonnes of municipal solid waste…
Author: PPD Team Date: 22/04/2025 Tata Power Renewable Energy Limited (TPREL) and Tata Motors have entered into a Power Purchase Agreement (PPA) to develop a 131 MW wind-solar hybrid power project in India. The agreement was signed on April 21, 2025. The power generated from this project will be supplied to six Tata Motors manufacturing plants located in Gujarat and Maharashtra. Set to produce around 300 million units of clean electricity annually, the project is…
Author: PPD Team Date: 19/12/2024 Texmaco Rail & Engineering Limited has won a Rs 1,874.1 million contract for constructing nine 132 kV transmission lines totalling 291 km in route length. The contract, awarded by Chhattisgarh State Power Transmission Company Limited (CSPTCL), was finalized on December 16, 2024, following bids invited in October 2023. The project is set to be completed within 15 months.