Author: PPD Team Date: 03/01/2025
Power Mech Projects has secured a Rs 29.4 billion order from Adani Power for services related to the 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh.
The contract involves overhauling, erection, testing, commissioning, and manpower support for performance guarantee tests of steam generators (SG) for Units 3 and 4.
These activities are essential to ensure operational efficiency and meet technical requirements.
Author: PPD Team Date: 10/03/2025 Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has signed an agreement to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. The acquisition, valued at Rs 30 million, will help DCBL source up to 10 MW of solar power as a captive consumer in Tamil Nadu. The solar power generated under this arrangement will be eligible for captive consumer status…
Author: PPD Team Date: 14/01/2025 Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector. The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission. The collaboration aims to leverage the expertise of both entities to drive innovations in the clean energy ecosystem. …
Author: PPD Team Date: 13/01/2025 Envision Energy signed an agreement with Juniper Green Energy Private Limited on January 9, 2025, to supply wind turbine generators (WTGs) and battery energy storage systems (BESS) for renewable energy projects across India. Key agreements include: 200 units of EN-182 WTGs: Each with a rated capacity of 5 MW, to be used in Juniper Green’s 1,000 MW wind power projects, won in state and central auctions. 320 MWh BESS system:…
Author: PPD Team Date: 20/02/2025 ACWA Power has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt, with an estimated investment of USD 2.3 billion. The project is expected to reach financial close in 2026. The wind project will contribute to Egypt’s goal of increasing renewable energy’s share in its electricity generation mix to 42% by 2030. It is also projected to…
Author: PPD Team Date: 20/01/2025 Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year. The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: 02/12/2024 ABO Energy has sold the rights to two battery energy storage systems (BESS) in South Africa to French utility Électricité de France (EDF) after advancing them to ready-to-build status. EDF secured preferred bidder status for both projects on November 30, 2023, under South Africa’s first Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). The projects, located in the Northern Cape and North West provinces near Aggeneys and Vryburg, are…
Author: PPD Team Date: 10/03/2025 Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has signed an agreement to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. The acquisition, valued at Rs 30 million, will help DCBL source up to 10 MW of solar power as a captive consumer in Tamil Nadu. The solar power generated under this arrangement will be eligible for captive consumer status…
Author: PPD Team Date: 14/01/2025 Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector. The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission. The collaboration aims to leverage the expertise of both entities to drive innovations in the clean energy ecosystem. …
Author: PPD Team Date: 13/01/2025 Envision Energy signed an agreement with Juniper Green Energy Private Limited on January 9, 2025, to supply wind turbine generators (WTGs) and battery energy storage systems (BESS) for renewable energy projects across India. Key agreements include: 200 units of EN-182 WTGs: Each with a rated capacity of 5 MW, to be used in Juniper Green’s 1,000 MW wind power projects, won in state and central auctions. 320 MWh BESS system:…
Author: PPD Team Date: 20/02/2025 ACWA Power has signed a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt, with an estimated investment of USD 2.3 billion. The project is expected to reach financial close in 2026. The wind project will contribute to Egypt’s goal of increasing renewable energy’s share in its electricity generation mix to 42% by 2030. It is also projected to…
Author: PPD Team Date: 20/01/2025 Indian Renewable Energy Development Agency Limited (IREDA) posted a net profit of Rs 4.25 billion for the quarter ending December 2024, a 26.48% rise compared to Rs 3.36 billion in the same quarter last year. The company’s revenue from operations increased by 35.59% to Rs 16.99 billion during the quarter, up from Rs 12.53 billion reported in the corresponding period of 2023.
Author: PPD Team Date: 02/12/2024 ABO Energy has sold the rights to two battery energy storage systems (BESS) in South Africa to French utility Électricité de France (EDF) after advancing them to ready-to-build status. EDF secured preferred bidder status for both projects on November 30, 2023, under South Africa’s first Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP). The projects, located in the Northern Cape and North West provinces near Aggeneys and Vryburg, are…
Author: PPD Team Date: 10/03/2025 Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, has signed an agreement to acquire a 34.52% equity stake in Kilavikulam Rajalakshmi Solar Power Developer Private Limited. The acquisition, valued at Rs 30 million, will help DCBL source up to 10 MW of solar power as a captive consumer in Tamil Nadu. The solar power generated under this arrangement will be eligible for captive consumer status…
Author: PPD Team Date: 14/01/2025 Bharat Heavy Electricals (BHEL) and Oil & Natural Gas Corporation (ONGC) have signed a memorandum of understanding (MoU) to collaborate on projects in the new and renewable energy sector. The partnership will focus on advanced technologies such as fuel cells, electrolysers, and battery energy storage systems, supporting India’s National Green Hydrogen Mission. The collaboration aims to leverage the expertise of both entities to drive innovations in the clean energy ecosystem. …