Philippines and UAE sign MoU for energy transition cooperation
Author: PPD Team Date: December 6, 2024
Author: PPD Team Date: December 6, 2024
The Governments of the Philippines and the United Arab Emirates (UAE) have signed a memorandum of understanding (MoU) to strengthen cooperation in energy transition.
The agreement focuses on key areas such as renewable energy, liquefied natural gas, nuclear energy, power infrastructure, and emerging technologies.
An implementation agreement with a UAE state-owned firm is expected in January 2025, advancing renewable and alternative energy projects.
This MoU follows a similar agreement signed in October 2024 with Saudi Arabia to expand bilateral energy ties in the region.
Author: PPD Team Date: December 24, 2025 A meeting convened by the Central Electricity Authority (CEA) on December 15, 2025, reviewed the ongoing large-scale curtailment of renewable energy generation in Rajasthan. The meeting was chaired by CEA Chairperson Shri Ghanshyam Prasad and attended by representatives from Grid-India, Central Transmission Utility (CTUIL), and the Sustainable Projects Developers Association (SPDA), along with several renewable energy developers. SPDA informed the authority that around 4 GW of commissioned renewable…
Author: PPD Team Date: July 21, 2025 Power Mech Projects Limited has announced two new operations and maintenance (O&M) contracts worth a total of Rs 551.35 crores for thermal power projects in Bihar and Madhya Pradesh, according to a filing with stock exchanges. The first order, valued at Rs 498.39 crores (excluding taxes and GST), has been awarded by SJVN Thermal Private Limited. It covers commissioning support and comprehensive O&M for the 2×660 MW Buxar…
Author: PPD Team Date: December 23, 2025 The Central Transmission Utility (CTU) has notified the indicative capital cost for various configurations of dedicated transmission systems. The document, titled Indicative Capital Cost of Dedicated Transmission Systems, provides standard reference costs for dedicated transmission lines and reactive power equipment to support planning and cost sharing among developers, lenders, and utilities. The CTU has clarified that these are indicative benchmarks and not fixed tariffs, and that Right of…
Author: PPD Team Date: October 28, 2024 The United Kingdom’s energy sector has undergone a significant transformation in recent years, reaching a notable milestone just a few weeks ago. As of October 2024, the UK has officially closed its last coal-fired power plant, marking the end of a 142-year era of coal power generation. This milestone reflects the UK’s commitment to transitioning towards cleaner energy sources, aiming to reach net-zero emissions by 2050. Institutional structureThe…
Author: PPD Team Date: October 21, 2024 Azure Power Global Ltd, a leading renewable power producer in India, has completed an Rs 24 billion refinancing transaction structured as an INR Term Loan underwritten solely by REC Ltd. This transaction enabled the company to prepay its $350 million Green Bonds, originally issued in 2019, which were set to mature in December 2024. These bonds were backed by 10 solar projects commissioned between 2016 and 2019. Previously,…
Author: PPD Team Date: January 6, 2025 Sasan Power Limited, a subsidiary of Reliance Power, has repaid USD 150 million to India Infrastructure Finance (UK) Company Limited (IIFCL), improving its debt coverage metrics, liquidity, and credit rating. Sasan Power operates the 3,960 MW ultra-mega power plant in Madhya Pradesh, the world’s largest integrated coal-based power plant. It includes a 20 million tonne per annum captive coal mining capacity and supplies electricity to 14 distribution companies…