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POWERGRID secures Rs 28.86 billion transmission project for Kurnool-III PS
Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for the “Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects.” The project, awarded through Tariff-Based Competitive Bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI)…
Suzlon’s Q2 net profit surges 96% to Rs 2 bn
Suzlon Group reported a net profit of Rs 2 billion for the quarter ending September 2024, marking a 96% increase from Rs 1.02 billion in the same period last year. Total income rose by approximately 48% to Rs 21.21 billion, up from Rs 14.29 billion in the corresponding quarter of the previous year.
PGCIL Declares COD for Western Region Expansion Scheme-XXVII
Power Grid Corporation of India Limited (PGCIL) has declared the Commercial Operation Date (COD) for the Western Region Expansion Scheme-XXVII (WRES-XXVII) as April 16, 2025. The project was physically commissioned earlier, on March 26, 2025. Designed to strengthen the transmission network in Chhattisgarh, the scheme aims to improve power import capability into the state, enhance…
Hetvi Construction-led consortium wins 125 MW solar EPC contract in Assam
A consortium comprising Hetvi Construction Limited, Waaree Renewable Energy Technologies Limited (formerly Sangam Renewables Limited), and Jayantipur Construction Private Limited (JSPCL) has secured a contract from Assam Power Distribution Company Limited (APDCL) for the engineering, procurement, and construction (EPC) of a 125 MW solar power project. The project is part of the 1,000 MW Khagarijan…
NTPC forms SPV to develop nuclear power plants
On January 7, 2025, NTPC Limited incorporated NTPC Parmanu Urja Nigam Limited (NPUNL), a special purpose vehicle (SPV) for the implementation of Nuclear Power Plants (NPPs). The Ministry of Power (MoP) has confirmed the approval for the SPV formation, with concurrence from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog. The…
Apex Clean Energy secures financing for Prosperity Wind project
Apex Clean Energy has secured financing for the Prosperity Wind project, a 300MW wind farm under construction in Piatt County, Illinois, US. The project, featuring 50 Vestas turbines, is supported by White Construction and will generate 400 jobs. It marks Apex’s fifth commercial wind farm in Illinois. Financial closure followed tax equity commitments from lead…
