Author: PPD Team Date: 03/12/2024
Sterling and Wilson Renewable Energy Ltd (SWREL) has secured a Rs 5.04 billion contract to develop a solar photovoltaic (PV) plant in Rajasthan.
The project, awarded by an independent power producer, involves the supply, installation, and commissioning of a 305 MW AC / 396 MWp DC PV system.
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: 07/05/2025 Crescentia Technology Private Limited, the special purpose vehicle (SPV) of Bhagyanagar India Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model. The project will be developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program at various locations across…
Author: PPD Team Date: 12/11/2024 Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million. Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification,…
Author: PPD Team Date: 22/10/2024 Vedanta has announced plans to invest more than Rs 1 trillion in Rajasthan, covering its zinc, renewable energy, and oil and gas divisions. This investment is expected to create around 200,000 jobs and support the development of over 500 downstream industries across various sectors. Hindustan Zinc, a Vedanta Group company, will invest Rs 300 billion to double its zinc production capacity from 1.2 million tonnes per annum (MTPA) to 2…
Author: PPD Team Date: 02/01/2025 India’s renewable energy sector has made significant strides, with installed capacity surpassing 200 gigawatts (GW) and projections of investment doubling to over Rs 2.75 trillion by 2025. According to the International Energy Agency (IEA), India’s annual renewable capacity additions are set to grow faster than any other major economy, including China, with expectations for the country’s capacity to more than quadruple from 15 GW in 2023 to 62 GW by…
Author: PPD Team Date: 07/02/2025 Bondada E&E Private Limited, a wholly owned subsidiary of Bondada Engineering Limited, has received a work order from Landsky Engineers Private Limited for the supply of 20W solar street lights with standard fitting accessories, valued at Rs 698.74 million. In another development, Bondada has secured work orders from Andhra Pradesh State Energy Efficiency Development Corporation Limited (APSEEDC), a joint venture between the Government of Andhra Pradesh and AP Power Utilities,…