Author: PPD Team Date: 05/11/2024
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FICCI and MAHAPREIT collaborate for renewable energy in Maharashtra
Author: PPD Team Date: 06/12/2024 The Federation of Indian Chambers of Commerce and Industry (FICCI) has signed a memorandum of understanding with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to promote renewable energy, decarbonisation, energy efficiency, and environmental compliance in Maharashtra. The partnership focuses on facilitating renewable energy projects, aiding industries in adopting decarbonisation practices, and implementing energy efficiency measures across large-scale industries and MSMEs. Additionally, it aims to aggregate demand across sectors…
AFRY secures FEED contract for 1GW Liivi Bay offshore wind farm
Author: PPD Team Date: 21/01/2025 Enefit Green has selected AFRY to provide front-end engineering design (FEED) services for the 1GW Liivi Bay offshore wind farm in the Gulf of Riga, Estonia. The project aligns with Estonia’s renewable energy strategy and aims to enhance energy independence. The FEED phase, running until 2028, will include detailed site assessments, site layout optimization, foundation design, transport and installation planning, and electrical system design, including the offshore substation. AFRY will…
Assam signs solar and BESS deal with Oriana at investment summit
Author: PPD Team Date: 03/03/2025 The New and Renewable Energy Department, Government of Assam (GoA), has signed a Memorandum of Understanding (MoU) with Oriana Power Limited to develop solar and Battery Energy Storage System (BESS) projects in the Kamrup district. The agreement was formalized at the Investment and Infrastructure Summit 2025 on February 28, 2025. The project is estimated to cost Rs 5 billion. The summit also saw major investment announcements, including Rs 500 billion…
POWERGRID wins LoI for two inter-state transmission projects
Author: PPD Team Date: 19/02/2025 On February 17, 2025, Power Grid Corporation of India Limited (POWERGRID) received the Letter of Intent (LoI) for two inter-state transmission projects under the Build, Own, Operate, and Transfer (BOOT) model. These include: Transmission Scheme for integration of Davanagere / Chitradurga and Bellary REZ in Karnataka The scheme will be executed in two parts. The first involves integrating the Davanagere/Chitradurga Renewable Energy Zone (REZ) by establishing a 765/400kV pooling station…
SSEN Transmission open offshore hub in Inverness
Author: PPD Team Date: 15/10/2024 SSEN Transmission has officially opened a new offshore hub in Inverness, Scotland, designed to accommodate up to 100 people and serve as a collaborative space for companies involved in regional energy projects. The hub, housed within SSEN’s existing building, offers desk space and meeting rooms named after iconic local bridges, such as Dornoch and Cromarty. The facility will support SSEN Transmission’s £20 billion ($26.12 billion) Pathway to 2030 programme, which…
NHPC raises Rs 19.45 billion; NTPC to raise Rs 40 billion via bond issues
Author: PPD Team Date: 12/05/2025 NHPC Limited has raised Rs 19.45 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative, taxable bonds (NCTs). These bonds, part of the 6.86% AF series, were issued on a private placement basis and will mature on May 6, 2040. The allotment date was May 6, 2025, giving the bonds a 15-year tenure. The bonds will be listed on the wholesale debt market segments of the Bombay Stock Exchange (BSE)…