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: 03/12/2024 An analysis based on a Lok Sabha reply has revealed that Uttar Pradesh, Maharashtra, and Tamil Nadu are the top three states with the highest project cost sanctioned under the Revamped Distribution Sector Scheme (RDSS). Uttar Pradesh leads with Rs 405.68 billion worth of projects sanctioned, followed by Maharashtra with Rs 324.24 billion and Tamil Nadu with Rs 288.03 billion. The top ten states collectively account for nearly 80% of…
Author: PPD Team Date: 12/11/2024 The Bangladesh Power Development Board (BPDB) has issued a $173 million letter of credit (LC) to Adani Power Limited to maintain the electricity supply. This LC follows Adani Power’s reduction of electricity deliveries by half due to unpaid dues totalling $843 million. Issued by Bangladesh’s Krishi Bank, with ICICI Bank in India as the counterpart, this is BPDB’s third LC to address payment issues with Adani Power.
Author: PPD Team Date: 12/12/2024 The Government of India has applied for a USD 186 million loan from the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project Phase II. The initiative aims to strengthen Assam’s electricity transmission system by constructing new transmission sub-stations, upgrading existing ones, and installing optical power ground wire (OPGW) in the state.
Author: PPD Team Date: 10/12/2024 The Uttar Pradesh Power Corporation Limited (UPPCL) has overcome legal hurdles in its bid to privatise Dakshinanchal and Purvanchal DISCOMs under the Public-Private Partnership (PPP) model. The Board of Directors for both DISCOMs has authorised the formation of a new entity to facilitate the privatisation process. With this development, the process is now set for Cabinet approval of the privatisation draft or Request for Proposal (RFP). The tender process will…
Author: PPD Team Date: 27/12/2024 SUN Energy has partnered with PT Bank SMBC Indonesia to obtain a USD 10 million Multi Option Trade Facility. The financing will support raw material procurement and expand solar energy projects in Indonesia’s commercial and industrial sectors. SMBC Indonesia, which disbursed nearly USD 1.1 billion in sustainable loans by September 2024, will provide financial tools such as letters of credit, bank guarantees, and working capital loans to ensure SUN Energy’s…
Author: PPD Team Date: 07/01/2025 Insolation Energy has launched a new subsidiary, MGVI Green Infra One, to focus on solar and renewable energy projects. The subsidiary will handle the development, installation, construction, operation, and maintenance of solar power plants and other renewable energy projects. It will also provide consultancy services and commission rooftop solar photovoltaic projects with comprehensive operation and maintenance (O&M) services. MGVI Green Infra One has an authorised share capital of Rs 0.1…