Author: PPD Team Date: 06/01/2025
SJVN Limited and the Government of Bihar (GoB) signed an MoU on December 31, 2024, to develop the 1,000 MW Hathidah-Durgawati Pumped Storage Project and other similar projects in Bihar.
The 1,000 MW (4×250 MW) Hathidah-Durgawati project will be built on the Durgawati River in Kaimur, Bihar, at an estimated cost of Rs 56,630 million.
Author: PPD Team Date: 22/01/2025 Sembcorp Industries has inaugurated the 588 MW Manah 2 Solar Independent Power Project in Manah, Oman, marking its first greenfield renewables development in the Middle East. Backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company, the project began commercial operations on December 30, 2024, following successful acceptance tests. Spanning 6.8 million square meters in the Ad Dakhiliyah region, the project employs over 1…
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…
Author: PPD Team Date: 11/02/2025 Adani Energy Solutions Limited (AESL), Power Grid Corporation of India Limited (PGCIL), and Techno Electric and Engineering Company Limited (TEECL) have been shortlisted as technically qualified bidders to serve as a transmission service provider (TSP) through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The project involves constructing a 400/220/132 kV grid substation with associated transmission lines at Joda/Barbil and a LILO (Line-In Line-Out) of…
Author: PPD Team Date: 14/01/2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs 5.22 per…
Author: PPD Team Date: 28/10/2024 French asset management firm Mirova has committed €480 million ($518 million) to RP Global, an independent power producer (IPP), to advance its 2.5 GW pipeline of clean energy projects across Europe. The investment is split between the Mirova Energy Transition 6 (MET6) fund, providing €200 million, and an additional €280 million from a co-investment vehicle managed by Mirova. This partnership makes MET6 a significant minority shareholder in RP Global. Anne-Laure…
Author: PPD Team Date: 26/11/2024 Rajesh Power Services Limited has launched its initial public offering (IPO), open for subscription until November 27, 2024. The IPO is valued at Rs 1.61 billion, with a price band of Rs 319 to Rs 335 per equity share, each with a face value of Rs 10. The issue includes a fresh offering of 2.79 million equity shares and an offer-for-sale of 2 million shares via the book-building route. The…
Author: PPD Team Date: 22/01/2025 Sembcorp Industries has inaugurated the 588 MW Manah 2 Solar Independent Power Project in Manah, Oman, marking its first greenfield renewables development in the Middle East. Backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company, the project began commercial operations on December 30, 2024, following successful acceptance tests. Spanning 6.8 million square meters in the Ad Dakhiliyah region, the project employs over 1…
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…
Author: PPD Team Date: 11/02/2025 Adani Energy Solutions Limited (AESL), Power Grid Corporation of India Limited (PGCIL), and Techno Electric and Engineering Company Limited (TEECL) have been shortlisted as technically qualified bidders to serve as a transmission service provider (TSP) through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The project involves constructing a 400/220/132 kV grid substation with associated transmission lines at Joda/Barbil and a LILO (Line-In Line-Out) of…
Author: PPD Team Date: 14/01/2025 JSW Energy’s subsidiary, JSW Neo Energy, has acquired 125 MW of renewable energy assets from Hetero Group for an enterprise valuation of Rs 6.3 billion. The portfolio includes wind power projects in Andhra Pradesh and Maharashtra, with long-term power purchase agreements. The acquisition was made through three Special Purpose Vehicles (SPVs) owned by Hetero Labs Ltd and Hetero Drugs Ltd. The portfolio has a blended tariff of Rs 5.22 per…
Author: PPD Team Date: 28/10/2024 French asset management firm Mirova has committed €480 million ($518 million) to RP Global, an independent power producer (IPP), to advance its 2.5 GW pipeline of clean energy projects across Europe. The investment is split between the Mirova Energy Transition 6 (MET6) fund, providing €200 million, and an additional €280 million from a co-investment vehicle managed by Mirova. This partnership makes MET6 a significant minority shareholder in RP Global. Anne-Laure…
Author: PPD Team Date: 26/11/2024 Rajesh Power Services Limited has launched its initial public offering (IPO), open for subscription until November 27, 2024. The IPO is valued at Rs 1.61 billion, with a price band of Rs 319 to Rs 335 per equity share, each with a face value of Rs 10. The issue includes a fresh offering of 2.79 million equity shares and an offer-for-sale of 2 million shares via the book-building route. The…
Author: PPD Team Date: 22/01/2025 Sembcorp Industries has inaugurated the 588 MW Manah 2 Solar Independent Power Project in Manah, Oman, marking its first greenfield renewables development in the Middle East. Backed by a 20-year 500 MW power purchase agreement with Nama Power and Water Procurement Company, the project began commercial operations on December 30, 2024, following successful acceptance tests. Spanning 6.8 million square meters in the Ad Dakhiliyah region, the project employs over 1…
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…