Author: PPD Team Date: 12/11/2024
Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Author: PPD Team Date: 19/12/2024 Westinghouse Electric Company and Aecon have signed two agreements to jointly develop and deploy advanced nuclear power projects, including the construction of AP1000 reactors in Canada. The collaboration is projected to generate up to C$28.7 billion ($20.1 billion) in GDP from a four-unit AP1000 project in Canada. Under a strategic cooperation agreement, the companies aim to target Canadian markets and expand the supply of critical components for advanced nuclear reactors…
Author: PPD Team Date: 26/02/2025 Adani Power Limited received a letter of intent (LoI) from the resolution professional to acquire Vidarbha Industries Power Limited (VIPL) on 24 February 2025. The acquisition is subject to the terms of the LoI and necessary approvals from the National Company Law Tribunal (NCLT), Mumbai, along with other regulatory authorities, courts, or tribunals as required. VIPL, a wholly owned subsidiary of Reliance Power Limited (RPL), developed a 600 MW thermal…
Author: PPD Team Date: 17/10/2024 KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects. The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW. Additionally, KPI Green secured a…
Author: PPD Team Date: 06/01/2025 The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing…
Author: PPD Team Date: 02/06/2025 Maharashtra State Road Development Corporation Limited (MSRDC) has re-invited bids for the sale of solar power from 163.65 MW of ground-mounted and rooftop photovoltaic (PV) projects along the Mumbai-Nagpur Superhighway (Samruddhi Mahamarg). The rebidding was announced on May 29, 2025, with the deadline set for June 12, 2025. Initial bids were floated in April 2025. The projects are being developed under the 250 MW solar PV power initiative by Mahasamruddhi…
Author: PPD Team Date: 20/03/2025 The Competition Commission of India (CCI) has approved JSW Neo Energy Private Limited’s acquisition of 4,696 MW renewable energy projects from O2 Power Private Limited. JSW Neo Energy is a wholly owned subsidiary of JSW Energy Limited (JSWEL). Under the deal, JSWEL will acquire the renewable energy platform of O2 Power Pooling Pte. Limited, including O2 Power Midco Holdings Pte. Limited and O2 Energy SG Pte. Limited, for an enterprise…
Author: PPD Team Date: 19/12/2024 Westinghouse Electric Company and Aecon have signed two agreements to jointly develop and deploy advanced nuclear power projects, including the construction of AP1000 reactors in Canada. The collaboration is projected to generate up to C$28.7 billion ($20.1 billion) in GDP from a four-unit AP1000 project in Canada. Under a strategic cooperation agreement, the companies aim to target Canadian markets and expand the supply of critical components for advanced nuclear reactors…
Author: PPD Team Date: 26/02/2025 Adani Power Limited received a letter of intent (LoI) from the resolution professional to acquire Vidarbha Industries Power Limited (VIPL) on 24 February 2025. The acquisition is subject to the terms of the LoI and necessary approvals from the National Company Law Tribunal (NCLT), Mumbai, along with other regulatory authorities, courts, or tribunals as required. VIPL, a wholly owned subsidiary of Reliance Power Limited (RPL), developed a 600 MW thermal…
Author: PPD Team Date: 17/10/2024 KPI Green Energy has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects. The agreement includes a 250 MWAC (275 MWDC) grid-connected solar photovoltaic project, won through a competitive bidding process under Phase-XXIV, aimed at procuring power from 500 MW grid-connected solar projects across India, with an additional greenshoe option for up to 500 MW. Additionally, KPI Green secured a…
Author: PPD Team Date: 06/01/2025 The US Bureau of Ocean Energy Management (BOEM) has launched a process to consider offshore wind energy leasing off the coast of Guam, a US Pacific territory. A Call for Information and Nominations has been issued to gather public input and identify potential leasing areas. This initiative aligns with Guam’s renewable energy targets of 50% by 2035 and 100% by 2045, as well as the US administration’s goal of installing…
Author: PPD Team Date: 02/06/2025 Maharashtra State Road Development Corporation Limited (MSRDC) has re-invited bids for the sale of solar power from 163.65 MW of ground-mounted and rooftop photovoltaic (PV) projects along the Mumbai-Nagpur Superhighway (Samruddhi Mahamarg). The rebidding was announced on May 29, 2025, with the deadline set for June 12, 2025. Initial bids were floated in April 2025. The projects are being developed under the 250 MW solar PV power initiative by Mahasamruddhi…
Author: PPD Team Date: 20/03/2025 The Competition Commission of India (CCI) has approved JSW Neo Energy Private Limited’s acquisition of 4,696 MW renewable energy projects from O2 Power Private Limited. JSW Neo Energy is a wholly owned subsidiary of JSW Energy Limited (JSWEL). Under the deal, JSWEL will acquire the renewable energy platform of O2 Power Pooling Pte. Limited, including O2 Power Midco Holdings Pte. Limited and O2 Energy SG Pte. Limited, for an enterprise…
Author: PPD Team Date: 19/12/2024 Westinghouse Electric Company and Aecon have signed two agreements to jointly develop and deploy advanced nuclear power projects, including the construction of AP1000 reactors in Canada. The collaboration is projected to generate up to C$28.7 billion ($20.1 billion) in GDP from a four-unit AP1000 project in Canada. Under a strategic cooperation agreement, the companies aim to target Canadian markets and expand the supply of critical components for advanced nuclear reactors…
Author: PPD Team Date: 26/02/2025 Adani Power Limited received a letter of intent (LoI) from the resolution professional to acquire Vidarbha Industries Power Limited (VIPL) on 24 February 2025. The acquisition is subject to the terms of the LoI and necessary approvals from the National Company Law Tribunal (NCLT), Mumbai, along with other regulatory authorities, courts, or tribunals as required. VIPL, a wholly owned subsidiary of Reliance Power Limited (RPL), developed a 600 MW thermal…