Telangana-based solar developer Soshe Power Tech has won the engineering, procurement, and construction (EPC) contract for a 1 MW solar project from Indian Oil (IOCL) in Chittoor, Andhra Pradesh. The contract is valued at Rs 44.75 million.
The project is expected to be completed in six months.
On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route. PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with associated reactors. The project aims for completion within 24 months….
TotalEnergies is set to acquire SN Power from Scatec, gaining a 28.3 per cent stake in Uganda’s 250 MW Bujagali hydropower plant, which supplies over 25 per cent of Uganda’s peak electricity demand. The deal also includes stakes in hydropower projects in Rwanda (260 MW) and Malawi (360 MW). This acquisition, managed through a joint venture (JV) with Norfund and British International Investment, aligns with TotalEnergies’ strategy to support Africa’s energy transition. The company aims…
GVPR Engineers has been declared the lowest bidder (L1) for a power distribution contract in Uttarakhand. The company secured the contract at a value of Rs 3.96 billion for the construction of a 400 KV GIS Switching Substation in Pipalkoti. The bids were invited by the Power Transmission Corporation of Uttarakhand.
Nepal, India, and Bangladesh have signed a landmark trilateral agreement to trade 40 MW of electricity, marking the first time Nepal will sell power to a third country. The deal, signed in Kathmandu, allows Nepal to export electricity to Bangladesh via India, as Nepal and Bangladesh are not geographically connected. Under the agreement, Bangladesh will import 40 MW of electricity from Nepal during the five months from mid-June to mid-November each year, with a total…
Power Finance Corporation (PFC) reported a consolidated net profit of Rs 71.82 billion for Q1 FY25, marking a 20.06% increase from Q1 FY24. The company’s total revenue from operations grew by 17.65% to Rs 247.17 billion during the same period. Total income rose by 17.69% year-on-year to Rs 247.37 billion. For the quarter ended June 30, 2024, PFC’s consolidated profit before tax increased by 20.17% to Rs 88.94 billion, compared to Rs 74.01 billion in…
Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK. The contract value for Cadeler ranges between €360 million ($387 million) and €382 million. ScottishPower Renewables is developing the EA2 project off the coast of East Anglia, with offshore operations slated for 2027. Cadeler will deploy…
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