Author: PPD Team Date: 10/12/2024
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has established a special purpose vehicle (SPV) named NER Expansion Transmission Limited.
The SPV is tasked with developing the “North-Eastern Region Expansion Scheme-XXV Part-A (NERES-XXV Part-A).”
The Ministry of Power has appointed PFCCL as the bid process coordinator to select a transmission service provider through a tariff-based competitive bidding process.
Author: PPD Team Date: 08/07/2025 The Central Electricity Authority (CEA) has issued revised guidelines for Automatic Weather Stations (AWS) in solar and wind power plants. The rules will improve the accuracy of real-time weather data, strengthen grid reliability, and support regulatory compliance for renewable energy developers. AWS units are to be installed within the boundaries of the project site. For solar plants, the AWS location should reflect the terrain and panel tilt. For wind projects,…
Author: PPD Team Date: 08/01/2025 US-based BWXT Technologies has agreed to acquire Canadian nuclear services company Kinectrics for $525 million. The acquisition includes Kinectrics’ net pension and debt liabilities, along with estimated transaction expenses. This move aims to enhance BWXT’s commercial operations by broadening its offerings in the global nuclear power and radiopharmaceutical industries. Kinectrics will operate as a subsidiary of BWXT, with its financial results incorporated into BWXT’s commercial operations segment. The deal strengthens…
Author: PPD Team Date: 28/03/2025 Diamond Power Infrastructure Limited has received multiple Letters of Intent (LoIs) for transmission and cable supply projects in Gujarat. The company secured an LoI worth Rs 231.68 million for the 220 kV D/C Maglana – Pachham line (80.01 km) under the Gujarat Green Energy Corridor-II. The project, awarded by Gujarat Energy Transmission Corporation Limited (GETCO), is expected to be completed by August 2025. GETCO is implementing the Rs 36.67 billion…
Author: PPD Team Date: 05/11/2024 Prime Minister Narendra Modi inaugurated a solar-powered electric vehicle (EV) charging carport at the Statue of Unity in Kevadia, Gujarat. Developed by Convergence Energy Services Ltd (CESL), an Energy Efficiency Services Ltd subsidiary, this initiative underscores the government’s commitment to clean energy and green mobility. With backing from the Asian Development Bank (ADB), the carport has bi-facial mono-crystalline solar modules and a battery energy storage system (BESS). This facility, with…
Author: PPD Team Date: 21/10/2024 Rays Power Infra has secured solar projects worth Rs 9.4 billion, totalling 362 MW, in Rajasthan. Additionally, the company won a 600 KW / 3000 KWh flow battery project from NTPC. Ketan Mehta, MD & CEO, expressed excitement over the projects, emphasizing the company’s leadership and commitment to innovative energy solutions. Since its inception in 2011, Rays Power Infra has been a key player in turnkey solar EPC services, addressing…
Author: PPD Team Date: 03/01/2025 Aypa Power, a Blackstone portfolio company, has obtained $190m in financing for its Bypass battery energy storage system (BESS) project in Fort Bend County, Texas. The 200MW/400MWh facility will address the region’s growing energy storage needs. The financing includes a $68m construction-to-term loan, a $91m tax equity bridge loan, and $31m in letters of credit, with $26m allocated for project-specific requirements. Morgan Stanley Renewables committed $94m in tax equity financing…