Author: PPD Team Date: 27/12/2024
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Hinduja Renewables signs solar PPAs with Lloyd Metals
Author: PPD Team Date: 21/05/2025 HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp) and another for 50 MW (70 MWp) of solar capacity. Both projects will be developed…
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Author: PPD Team Date: 24/02/2025 The Ministry of Power has amended the tariff-based competitive bidding process for wind-solar hybrid projects to improve project execution and grid integration. Under the revised guidelines, procurers can specify designated interstate and intrastate transmission system substations where developers must connect their hybrid power projects. The provisions for change in law now align with the Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, ensuring financial clarity for…
RECPDCL transfers SPVs to PGCIL and DRAIPL for Rajasthan REZ Phase IV transmission projects
Author: PPD Team Date: 31/12/2024 REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has transferred two Special Purpose Vehicles (SPVs) as part of the Rajasthan Renewable Energy Zone (REZ) Phase IV power evacuation projects. The first SPV, Rajasthan IV 4A Power Transmission Limited, was transferred to Power Grid Corporation of India Limited (PGCIL), for the development of “Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part 4: 3.5 GW):…
Engie secures funding for 200 MW solar project under GUVNL Phase XXIII
Author: PPD Team Date: 29/05/2025 Engie has achieved financial closure for its 200 MW solar photovoltaic (PV) project in Khavda, Gujarat, under the Phase XXIII tender by Gujarat Urja Vikas Nigam Limited (GUVNL). The company signed a loan agreement with MUFG Bank and Crédit Agricole S.A. to fund the project. The grid-connected project will be developed by Enren-II Energy Private Limited, a special purpose vehicle (SPV) of Engie. In March 2024, Engie won the 200…
SJVN releases Rs 2.7 billion for land compensation in Etalin hydro project
Author: PPD Team Date: 11/04/2025 SJVN Limited has released Rs 2,699.7 million as land compensation for the Etalin Hydro Electric Power Project in Arunachal Pradesh. The 3,097 MW project is expected to cost Rs 328 billion and is targeted for commissioning in December 2033. The Etalin project involves the construction of two dams on the Dri and Talo (Tangon) rivers, along with an underground powerhouse complex. It is one of the largest proposed hydropower projects…
Hinduja Renewables signs solar PPAs with Lloyd Metals
Author: PPD Team Date: 21/05/2025 HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp) and another for 50 MW (70 MWp) of solar capacity. Both projects will be developed…
Intersect Power, Google, and TPG Rise Climate to build clean energy
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