Author: PPD Team Date: 07/11/2024
SJVN Limited has announced its financial results for the quarter ending September 2024 (Q2 FY25), reporting a consolidated net profit of Rs 4,399 million, a slight increase from Rs 4,396.4 million in the same period last year.
The company’s total income rose by approximately 16.48% to Rs 11,084.3 million, up from Rs 9,516.2 million in the corresponding quarter of the previous year.
Author: PPD Team Date: 21/03/2025 KEC International Limited has won a contract from Power Grid Corporation of India Limited (PGCIL) for the construction of an 800 kV high voltage direct current (HVDC) and 765 kV transmission line. The contract was awarded on March 15, 2025. Transformers and Rectifiers India Limited (TRIL) has secured a Rs 7.26 billion contract from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply of auto transformers and bus reactors. The…
Author: PPD Team Date: 07/02/2025 JSW Energy Limited has received a Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for developing a 1,600 MW supercritical/ultra-supercritical thermal power plant on a design, build, finance, own, and operate (DBFOO) basis. The LoA was awarded on February 5, 2025, following the bidding process initiated by WBSEDCL in October 2024. The project, a new greenfield development, will have a capacity of 1,600 MW (2×800…
Author: PPD Team Date: 17/02/2025 The Ministry of Power has introduced tariff-based competitive bidding guidelines for procuring stored energy from existing, under-construction, or new Pumped Storage Projects (PSP). As per the National Electricity Plan 2023, India will require 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from PSP and 47 GW/236 GWh from Battery Energy Storage Systems (BESS). Procurement Modes The procurement process follows two models: Mode 1 (Procurer-Identified Sites):…
Author: PPD Team Date: 14/11/2024 The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have collectively invested €84 million in two photovoltaic solar plants with battery storage systems in Senegal’s Kolda region. These projects, operated by Axian Energy, will have a combined capacity of 60 MW with 72 MWh of battery storage to stabilize the grid and support evening peak demands. The total project…
Author: PPD Team Date: 30/01/2025 The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January 2025, as reported by Reuters. The summit was hosted by the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group….
Author: PPD Team Date: 16/10/2024 Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea. The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in…