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Author: PPD Team Date: 05/06/2025 Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan to procure...

Author: PPD Team Date: 05/06/2025 Epigral Limited has signed a Share Subscription and Shareholder’s Agreement (SSSHA) with Prozeal Green Energy Private Limited and its special purpose vehicle (SPV), Pro-Zeal Green Power Ten Private Limited. The agreement is for the procurement of power from a 19.8 MW wind-solar hybrid project located in Gujarat. Epigral will invest around Rs 213.8 million to acquire a 26 per cent equity stake in the SPV. The investment will support power...

Author: PPD Team Date: 05/06/2025 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement, signed on June 4, 2025, covers the supply of 1,000 MW of solar power from an Inter-State Transmission System (ISTS)-connected project. The project can be located anywhere in India. NGEL will develop it under a build, own, operate and maintain (BOOM) model. The...

Author: PPD Team Date: 05/06/2025 Lloyd Metals and Energy Limited is expanding its renewable energy portfolio. The company’s Board of Directors has approved signing a Share Subscription and Shareholders Agreement (SSSHA) with Hexa Climate Solutions Private Limited. Under this agreement, Lloyd Metals will invest Rs 120 million in Hexa Energy W2 Private Limited and Rs 100 million in Hexa Energy MH3 Limited. These are special purpose vehicles (SPVs) of Hexa Climate. In return, Lloyd will...

Author: PPD Team Date: 05/06/2025 P&R Infraprojects Limited has been awarded a contract worth Rs 676.19 million for Package II of the 186 MW Tato-I Hydro Electric Project. The scope includes hydro-mechanical (H&M) works and penstock steel liner works. North Eastern Electric Power Corporation Limited (NEEPCO) invited bids for this package in December 2024. NEEPCO is implementing the Tato-I project in the Shi Yomi district of Arunachal Pradesh. The project will have three generating units...

Author: PPD Team Date: 05/06/2025 THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units of 250 MW each. Once all units are operational, the total installed capacity of the...

Author: PPD Team Date: 05/06/2025 At a recent national workshop, the Central Electricity Authority (CEA) convened over 300 stakeholders to discuss how Energy Storage Systems (ESS) can support India’s renewable energy (RE) goals. The first phase of this regional workshop series focused on key policy, project, and technology insights. Key takeaways: Tariff trends show storage is becoming cost-effective SECI shared that Solar+BESS tariffs have dropped to Rs 3.09/unit (from Rs 6.99 in 2018). Standalone BESS...

Author: PPD Team Date: 05/06/2025 Maruti Suzuki India Limited (MSIL) has commissioned a total of 30 MWp solar power capacity across its Haryana facilities. This includes a 20 MWp installation at Kharkhoda and a 10 MWp unit at Manesar. Alongside these projects, the company is increasing the share of green power sourced from State Electricity Boards, further reducing its reliance on conventional energy. Mr. Hisashi Takeuchi, Managing Director & CEO of MSIL, confirmed plans to...

Author: PPD Team Date: 05/06/2025 Adani Saur Urja (KA) Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has incorporated a new entity—Adani Hydro Energy Ten Limited (AHE10L). The new company will support AGEL’s growing renewable energy portfolio across India. AHE10L has been set up to undertake the generation, development, transformation, distribution, transmission, and sale of power from renewable energy sources. These include wind, solar, and other non-fossil fuel-based technologies. The move aligns...

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: 05/06/2025 The Government of Andhra Pradesh has proposed to set up the Andhra Pradesh Green Energy Corridor (GEC) Project at an estimated cost of Rs 284.36 billion. The corridor will facilitate the evacuation of 11,000 MW from renewable energy projects and 7,000 MW from pumped storage projects. This infrastructure is key to meeting the state’s target of generating 72 GW of green energy by 2029. Funding will follow a standard pattern:...

Author: PPD Team Date: 05/06/2025 Greenko Energies Private Limited (GEPL) has floated a Notice Inviting Tender (NIT) for engineering, procurement, and construction (EPC) of three pumped storage projects (PSPs). The bids are split across three packages—civil, hydro-mechanical (H&M), and electro-mechanical (E&M) works. The last date for submission is June 20, 2025. The three PSPs are: Greenko GJ01 (1,600 MW) Located in Ukai village, Tapi district, Gujarat. Greenko MH01 (2,000 MW) Planned at Nayagaon village, Soegaon...

Author: PPD Team Date: 05/06/2025 Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of MEL Power Transmission Limited (MPTL), a special purpose vehicle set up for the transmission system linked to Mahan Energen Limited’s power station in Madhya Pradesh. The acquisition was finalised on June 4, 2025. MPTL was initially incorporated by PFC Consulting Limited (PFCCL) on November 20, 2024, to implement the transmission scheme through the Tariff-Based Competitive Bidding (TBCB) route....

Author: PPD Team Date: 05/06/2025 The Union Government has granted in-principle approval for Himachal Pradesh to take over four hydroelectric projects earlier allocated to SJVN Limited and NHPC Limited. This move is set to reshape the state’s control over key hydro power assets. The projects include: Luhri Hydro Electric Project Stage I Located near Nirath village, this project involves building an 86-metre-high concrete gravity dam across the Satluj River. It has an installed capacity of...

Author: PPD Team Date: 05/06/2025 Power Grid Corporation of India Limited (PGCIL) has commissioned the Kathalguri (NEEPCO)–Namsai (POWERGRID) 220 kV double-circuit transmission line. The line is part of the System Strengthening Scheme for Eastern and North Eastern Regions and spans across Arunachal Pradesh and Assam. The project is being executed under two schemes: Eastern Region Strengthening Scheme-XXV (ERSS-XXV) Implemented at Banka in Bihar, this involves: Creation of a 220 kV GIS bus at Banka (POWERGRID)...

Author: PPD Team Date: 04/06/2025 Adani Energy Solutions Limited (AESL) has approved raising Rs 43 billion through a qualified institutional placement (QIP), to be executed in one or more tranches. This move follows a series of recent fundraises by the Adani Group. In April 2025, it secured USD 750 million for an acquisition, with BlackRock subscribing to a third of the bond issue. Separately, Adani Ports raised USD 150 million via a bilateral loan from...