Author: PPD Team Date: 04/11/2024
Prime Minister Narendra Modi inaugurated a 4 MW solar project in Ekta Nagar, Gujarat, valued at Rs 232.6 million.
This initiative is part of ongoing efforts to enhance the Statue of Unity area as an international tourist destination while promoting sustainable energy solutions in the region.
Author: PPD Team Date: 12/12/2024 Zimbabwe’s industrial power users, represented by the Intensive Energy User Group (IEUG), have secured $250 million in financing from the African Export-Import Bank (Afreximbank) to develop a floating solar project at Kariba Dam. The project, which will have an initial 250MW capacity, is expected to be completed by mid-2026, with plans to expand to 1GW in phases. Each 250MW phase will cost $250 million. The project is critical as Zimbabwe…
Author: PPD Team Date: 11/03/2025 IndiGrid 2 Private Limited, a subsidiary of IndiGrid, has secured the Letter of Intent (LoI) to develop the Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A. The selection was made through a tariff-based competitive bidding (TBCB) process under the build, own, operate, and transfer (BOOT) model. REC Power Distribution Company Limited (REC PDCL), which invited bids in September 2024, acted as…
Author: PPD Team Date: 30/01/2025 Four firms have been shortlisted as technically qualified for the Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A: Power Grid Corporation of India Limited (PGCIL), Resonia Limited (erstwhile Sterlite Grid 32 Limited), Adani Energy Solutions Limited (AESL), and IndiGrid 2 Private Limited. REC Power Distribution Company Limited (REC PDCL) invited Request for Proposal (RFP) bids for the same in September…
Author: PPD Team Date: 19/12/2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual…
Author: PPD Team Date: 13/02/2025 The Government of Karnataka (GoK) has signed multiple Memorandums of Understanding (MoUs) with various firms under the “Invest Karnataka-2025” summit to develop renewable energy (RE) projects in the state. The agreements, collectively valued at over Rs 3.37 trillion, focus on solar, wind, battery energy storage systems (BESS), and green hydrogen. Key MoUs signed: JSW Neo Energy Private Limited (subsidiary of JSW Energy Limited) – Rs 560 billion for solar, wind,…
Author: PPD Team Date: 10/01/2025 Toshiba Energy Systems & Solutions has been awarded a contract to supply a steam turbine and generator for Unit 2 of the Patuha geothermal power plant in West Java, Indonesia. The order was placed by Toyo Engineering’s subsidiary PT Inti Karya Persada Tehnik (IKPT), the project’s engineering, procurement, and construction contractor. Unit 2, with a gross generating capacity of 60.3MW, is scheduled to come online in 2027. This is Toshiba’s…