Author: PPD Team Date: January 6, 2025
REC Limited disbursed Rs 546.92 billion in loans during Q3 FY25, marking a 17.98% year-on-year increase. Renewable energy loan disbursements grew by 58.09% to Rs 63.14 billion.
For the first nine months of FY25, REC disbursed Rs 1,456.47 billion, a 19.30% rise from Rs 1,220.89 billion in FY24. Renewable energy loans during this period totalled Rs 176.12 billion, reflecting a 78.68% year-on-year growth.
Author: PPD Team Date: October 17, 2025 Inox Wind will set up a wind-blade and tower manufacturing facility in the Kyadigoppa Industrial Area, Kushtagi taluk, Koppal district, Karnataka, with a total investment of Rs 400 crore. The project will be executed in two phases, with Rs 300 crore allocated for the first phase and Rs 100 crore for the second. The Karnataka Industrial Areas Development Board (KIADB) has allocated 70 acres for the facility. The…
Author: PPD Team Date: November 12, 2024 PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited, has transferred two wholly owned subsidiaries, Khavda PSI and 3 Transmission Limited and Barmer I Transmission Limited, to Power Grid Corporation of India Limited (Powergrid) for a total of Rs 268.2 million. Khavda PSI and 3 Transmission Limited was transferred for Rs 79.2 million, and Barmer I Transmission Limited for Rs 189 million. Barmer I Transmission Limited…
Author: PPD Team Date: March 26, 2025 PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process. The project, “Network Expansion Scheme in Maharashtra for Providing Supply to Data Centre Loads in Navi Mumbai,” will be developed on a build, own, operate, and transfer (BOOT) basis. The bidding process was launched on March 24, 2025, with a deadline…
Author: PPD Team Date: June 23, 2025 The European Commission has launched the Citizen Energy Advisory Hub (CEAH), a 3-year initiative to support citizen-led energy projects across the EU. It aims to help individuals, communities, municipalities, NGOs, and small businesses lower energy costs by using renewable energy and managing demand. CEAH will provide technical assistance to 120 citizens or local actors to help plan or scale up sustainable energy projects. It will also offer resources,…
Author: PPD Team Date: November 14, 2024 Citicore Renewable Energy Corporation (CREC) has entered into a contract with Trinasolar to procure 2 GW of Vertex N 720W solar modules. Under the contract, Trinasolar will supply its Vertex N 720W Series solar modules for CREC’s rollout of 2 GW solar capacity, aligning with the Philippines government’s renewable energy programs, including the Green Energy Auction. This partnership, which now totals 3 GW, supports CREC’s target of 5…
Author: PPD Team Date: May 21, 2025 Andritz Hydro Private Limited has secured a contract worth Rs 1,093.7 million for the supply, erection, testing, and commissioning of key electrical infrastructure for the Teesta-V Hydro Power Project in Sikkim. The scope includes a 420 kV gas insulated substation (GIS), a 400 kV outdoor pothead yard, 400 kV cross-linked polyethylene (XLPE) cables, and related accessories. The tender was issued by NHPC Limited in November 2024. The 510…