Reliance Power to develop 500 MW solar project in Bhutan with DHI
Author: PPD Team Date: 22/05/2025
Author: PPD Team Date: 22/05/2025
Reliance Power Limited has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital Private Limited (GDL), a subsidiary of Druk Holding and Investments Limited (DHI). DHI is the investment arm of the Royal Government of Bhutan.
The agreement outlines a 50:50 joint venture between Reliance Power and DHI to develop a 500 MW solar power project in Bhutan. With an estimated investment of up to Rs 20 billion, this marks the largest foreign direct investment in Bhutan’s solar sector so far.
The project will be developed under the build-own-operate model and will be implemented in phases over the next 24 months.
The agreement is aligned with Bhutan’s Renewable Energy Roadmap, which targets an additional 20,000 MW of generation capacity by 2040. The roadmap also seeks to diversify into solar and geothermal energy and encourages global partnerships to attract capital and technology. Hydropower accounts for over 99% of Bhutan’s electricity supply. It remains the country’s main energy source and a key contributor to export revenue.
Author: PPD Team Date: 07/03/2025 Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028. The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions. The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities…
Author: PPD Team Date: 25/02/2025 Adani Electricity Mumbai Ltd (Adani Electricity) has secured top rankings in three independent national assessments conducted by the Ministry of Power (MoP). The company ranked first in the 13th Integrated Rating Exercise by the Power Finance Corporation (PFC), earned an A+ grade in the Consumer Service Rating of DISCOMs (CSRD) by the Rural Electrification Corporation (REC), and was recognized as India’s top urban and overall utility in the first-ever Distribution…
Author: PPD Team Date: 12/11/2024 The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes. The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s…
Author: PPD Team Date: 27/05/2025 Smart energy firm GridBeyond has partnered with ABB to launch a battery energy storage system-as-a-service (BESS-as-a-service) model, targeting commercial and industrial (C&I) customers. The offering will allow businesses to access energy storage solutions with no upfront capital investment. The move builds on ABB’s 2024 strategic investment in GridBeyond and combines ABB’s electrification and automation capabilities with GridBeyond’s AI-based energy optimisation platform. The system aims to lower energy costs, improve resilience,…
Author: PPD Team Date: 25/10/2024 NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station. The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a 74% stake and RRVUNL holding 26%. In addition, NLC India Renewables Limited, a subsidiary of…
Author: PPD Team Date: 06/03/2025 ONGC Green Limited (OGL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC) Limited, has acquired a 100% equity stake in PTC Energy Limited (PEL) for Rs 9.25 billion, making it a wholly owned subsidiary of OGL. PEL operates in the renewable energy sector with an operational wind generation capacity of 288.80 MW across seven locations in Andhra Pradesh, Madhya Pradesh, and Karnataka. It runs 157 wind turbine…
Author: PPD Team Date: 07/03/2025 Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028. The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions. The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities…
Author: PPD Team Date: 25/02/2025 Adani Electricity Mumbai Ltd (Adani Electricity) has secured top rankings in three independent national assessments conducted by the Ministry of Power (MoP). The company ranked first in the 13th Integrated Rating Exercise by the Power Finance Corporation (PFC), earned an A+ grade in the Consumer Service Rating of DISCOMs (CSRD) by the Rural Electrification Corporation (REC), and was recognized as India’s top urban and overall utility in the first-ever Distribution…
Author: PPD Team Date: 12/11/2024 The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes. The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s…
Author: PPD Team Date: 27/05/2025 Smart energy firm GridBeyond has partnered with ABB to launch a battery energy storage system-as-a-service (BESS-as-a-service) model, targeting commercial and industrial (C&I) customers. The offering will allow businesses to access energy storage solutions with no upfront capital investment. The move builds on ABB’s 2024 strategic investment in GridBeyond and combines ABB’s electrification and automation capabilities with GridBeyond’s AI-based energy optimisation platform. The system aims to lower energy costs, improve resilience,…
Author: PPD Team Date: 25/10/2024 NLC India Limited (NLCIL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to establish a 3×125 MW lignite-based thermal power plant in Rajasthan, along with developing lignite mines to fuel the station. The initial paid-up capital for this project is set at Rs 500,000, with NLCIL holding a 74% stake and RRVUNL holding 26%. In addition, NLC India Renewables Limited, a subsidiary of…
Author: PPD Team Date: 06/03/2025 ONGC Green Limited (OGL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC) Limited, has acquired a 100% equity stake in PTC Energy Limited (PEL) for Rs 9.25 billion, making it a wholly owned subsidiary of OGL. PEL operates in the renewable energy sector with an operational wind generation capacity of 288.80 MW across seven locations in Andhra Pradesh, Madhya Pradesh, and Karnataka. It runs 157 wind turbine…
Author: PPD Team Date: 07/03/2025 Apollo Green Energy Limited (AGEL) is set to develop 1,000 MW of renewable energy (RE) projects across India by 2028. The company will invest Rs 5 billion through its newly formed subsidiary, AGEL Renewable Energy Limited, which will focus on utility-scale solar power projects integrated with energy storage systems (ESS), including hydrogen-based solutions. The subsidiary will actively participate in large-scale government tenders and establish power purchase agreements (PPAs) with utilities…
Author: PPD Team Date: 25/02/2025 Adani Electricity Mumbai Ltd (Adani Electricity) has secured top rankings in three independent national assessments conducted by the Ministry of Power (MoP). The company ranked first in the 13th Integrated Rating Exercise by the Power Finance Corporation (PFC), earned an A+ grade in the Consumer Service Rating of DISCOMs (CSRD) by the Rural Electrification Corporation (REC), and was recognized as India’s top urban and overall utility in the first-ever Distribution…