Author: PPD Team Date: 06/12/2024
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited.
Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.
The project will operate under a 25-year power purchase agreement with NTPC.
Author: PPD Team Date: 05/12/2024 The Biden administration has surpassed $100 billion in clean energy grants through the Inflation Reduction Act (IRA), as confirmed by John Podesta, the president’s senior advisor for international climate policy. Podesta emphasized the swift disbursement of funds, stating, “Crossing the milestone of $100bn awarded shows just how quickly we’re getting these funds out the door and into communities so they can make a real difference for the American people.” The…
Author: PPD Team Date: 13/01/2025 SJVN Limited plans to commission Unit-I of the Chausa Coal-Based Power Project, also called the Buxar Thermal Power Plant, by March 2025. The project, located in Chausa, Buxar district, Bihar, involves two units of 660 MW each and is being developed at an estimated cost of Rs 104.39 billion. Of this, 70% is being arranged through debt financing. Larsen & Toubro Limited (L&T) is serving as the engineering, procurement, and…
Author: PPD Team Date: 28/10/2024 Adani Green Energy Limited (AGEL) reported a net profit of Rs 5.15 billion for the quarter ending September 2024, marking a 39% increase from Rs 3.71 billion in the same quarter last year. The company’s total income rose by 30.39% to Rs 33.76 billion during this period, up from Rs 25.89 billion recorded in the corresponding quarter of the previous year.
Author: PPD Team Date: 03/03/2025 Alpex Solar Private Limited has secured a Rs 2.11 billion contract from the Solar Energy Corporation of India (SECI) to supply 97.5 MWp of Domestic Content Requirement (DCR) solar PV modules for a 300 MW/390 MWp project in Ramagiri, Andhra Pradesh. This contract is part of SECI’s 1,200 MW CPSU (Tranche-III) scheme, aimed at developing a grid-connected solar PV power plant with viability gap funding (VGF) support for government use….
Author: PPD Team Date: 28/10/2024 Shell Energy North America (SENA), a subsidiary of Shell, has agreed to acquire a 609 MW, two-unit combined-cycle gas turbine power plant located in Johnston, Rhode Island, US. The purchase agreement has been signed with RISEC Holdings, a subsidiary of EGCO RISEC II, and Carlyle’s subsidiaries, Cogentrix RISEC CPOCP and Cogentrix RISEC CPP II. EGCO RISEC II, part of Thailand’s Electricity Generating Public Company (EGCO), will divest 49% of its…
Author: PPD Team Date: 15/05/2025 PFC Consulting Limited (PFCCL) has issued a tender for the appointment of a technical consultant for surveying and preparing a report for the Inter-Regional Strengthening between Southern Region (SR) Grid and Eastern Region (ER) Grid. The bid invitation was released on May 13, 2025. The deadline for submission is May 20, 2025. PFCCL has been designated as the bid process coordinator (BPC) for selecting a transmission service provider (TSP) through…