SECI crosses 60 GW in renewable power sale agreements
Author: PPD Team Date: July 2, 2025
Author: PPD Team Date: July 2, 2025
Solar Energy Corporation of India Limited (SECI) has signed over 60 GW of Power Sale Agreements (PSAs) for renewable energy.
The PSAs cover a mix of solar, wind, and hybrid projects. SECI acts as an intermediary, ensuring long-term power offtake and offering payment security to developers and investors.
Shri Santosh Kumar Sarangi, CMD of SECI, noted that signing 60 GW of PSAs in just 14 years shows SECI’s key role in India’s energy transition. He reaffirmed SECI’s commitment to supporting national clean energy goals.
SECI plans to expand into energy storage, green hydrogen, green ammonia, and innovative power supply models to further strengthen India’s renewable energy sector.
Author: PPD Team Date: October 24, 2025 Singapore-based Keppel Ltd has acquired Shell Plc’s 49% stake in Cleantech Solar for around USD200 million, giving it full ownership of the company. Keppel previously held a 51% stake in the company and is reportedly planning to sell Cleantech Solar in a deal that could be valued at approximately USD400 million. Cleantech Solar, through its holding company Cleantech Renewable Assets Pte. Ltd, manages a 1.2 GW portfolio of…
Author: PPD Team Date: October 15, 2024 Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity…
Author: PPD Team Date: January 8, 2025 Bharat Heavy Electricals Ltd (BHEL) has commissioned two units of the 6×170-MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan. The project, part of a bilateral agreement between the Government of India and the Royal Government of Bhutan, is located in the Wangdue district. The two units were synchronized on December 16 and 17, 2024, and are expected to generate 4,357 GWh annually upon full commissioning. BHEL’s scope includes the…
Author: PPD Team Date: December 2, 2024 Power Mech Projects Limited won a contract from Adani Power Limited (APL) worth Rs 5,100 million for civil and mechanical construction works for the 1,600 MW Raipur (Raikheda) Ultra Super-Critical Thermal Expansion Project on November 29, 2024. The work is expected to be completed in 34 months. The plant is an Ultra Super-Critical expansion by adding 1,600 MW (2X800 MW) to existing 1,370 MW (2×685) Chhattisgarh (Raikheda) Coal…
Author: PPD Team Date: October 30, 2024 Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion. TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Author: PPD Team Date: December 30, 2024 Jakson Group and OMC Power have partnered to implement a 50 MW solar rooftop project valued at Rs 2 billion. This initiative will offset 62,500 tonnes of carbon emissions annually, equal to planting 2.5 million trees. Jakson Group will deploy rooftop systems across all 75 districts of Uttar Pradesh, supporting the state’s clean energy transition.