Author: PPD Team Date: 08/11/2024
REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat.
RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive bidding process.
Author: PPD Team Date: 21/09/2024 Lupin Limited has signed a share subscription and shareholders agreement with Sunsure Solarpark Seventeen Private Limited and Sunsure Energy Private Limited to acquire up to 42.61% of Sunsure Solarpark’s shares through an investment of Rs 105.53 million, completed in two stages. This investment will allow Lupin to source renewable energy for its Tarapur manufacturing site, reducing power costs and advancing its decarbonization goals. The transaction is expected to be finalized…
Author: PPD Team Date: 17/03/2025 JSW Neo Energy Limited has completed the acquisition of a 100 per cent equity stake in Virya Infrapower Private Limited for an enterprise value of Rs 75.4 million. The transaction, finalized on the same day as the signing of the share purchase agreement (SPA), was executed through a 100 per cent cash consideration, subject to post-closing adjustments. With this acquisition, JSW Neo Energy gains access to a ready renewable power…
Author: PPD Team Date: 18/10/2024 ARCO/Murray has been selected to construct a solar manufacturing hub for Boviet Solar in North Carolina, USA. The project, expected to create 900 local jobs, will be executed in two phases to expand solar module and cell production. Phase one, which began in Q3 2024, involves converting an existing 500,000 square-foot facility into a state-of-the-art manufacturing plant for solar modules using Boviet Solar’s technology. The modules will be used in…
Author: PPD Team Date: 14/11/2024 The Minns Labor Government in New South Wales (NSW), Australia, has approved the A$4.8 billion ($3.12 billion) Humelink transmission project, a 365 km infrastructure line designed to deliver renewable energy across southern NSW. Pending final approval from the Commonwealth Government, construction is set to commence this year, with completion targeted by 2027. The Humelink project is expected to create 1,600 construction jobs and contribute A$6.3 billion in direct and indirect…
Author: PPD Team Date: 04/12/2024 NLC India Limited’s joint venture, Neyveli Uttar Pradesh Power Limited (NUPPL), has completed a 72-hour full-load trial for the first 660 MW unit of the Ghatampur Thermal Power Station in Uttar Pradesh. The trial, concluded on December 3, 2024, is a key step toward declaring commercial operation. NUPPL, jointly owned by NLC India (51%) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (49%), is developing the 1,980 MW (3×660 MW)…
Author: PPD Team Date: 28/10/2024 KEC International has secured new orders worth Rs 11.42 billion across its various business segments: Transmission & Distribution (T&D): Orders for projects in the Middle East and Americas, including a 380 kV transmission line in Saudi Arabia and the supply of towers, hardware, and poles in the Americas. Railways: An order for constructing bridges and associated works for a railway line in India’s conventional segment. Cables: Orders for the supply…