Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion.
The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines.
CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.
Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra. The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity. This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro projects play a crucial role in providing round-the-clock renewable energy solutions, aiding in the decarbonisation of industries that are challenging…
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 raised by AESL. The Kenyan government will…
Prysmian, a leading manufacturer of energy and telecom cables, has entered into a framework agreement with Réseau de Transport d’Électricité (RTE), France’s transmission system operator, to provide submarine power cable links for two offshore wind farms—the Fos and Narbonnaise projects. These links will connect the offshore farms to the French national grid. The agreement includes engineering, procurement, construction, installation, and commissioning (EPCI) of both submarine and land cable segments. The projects are expected to be…
Vestas has secured an order to supply turbines for the second phase of the Tyligulska wind energy project in Ukraine, the country’s largest renewable energy project. Following the successful commissioning of the first phase in spring 2023, Vestas will deliver 64 turbines, contributing 384MW to the project’s total capacity of 498MW across both phases. The turbines, V162-6.2MW models, will each generate 6MW of power. The project benefits from substantial international support, including backing from Danish…
Eaton’s newly expanded 120,000 sqft electrical manufacturing facility in Puducherry was inaugurated on October 11, 2024, by Chairman and CEO Craig Arnold. The facility includes a 100,000 sqft shop floor for power distribution products and 20,000 sqft for utilities and supporting infrastructure. This expansion, extending Eaton’s manufacturing footprint in Puducherry to over 2.6 lakh sqft, aims to double production capacity. The facility will produce key products such as air circuit breakers (ACBs), moulded case circuit…
Waaree Energies Limited has received a Letter of Award to supply 180 MW of solar modules, rated at 585/590 Wp, for a renewable energy project in India. The modules will be supplied to a well-established domestic customer, with delivery scheduled for the financial year 2025-26. Additionally, Waaree Energies has secured an order to supply 150 MWp of n-type TOPCon bifacial glass-glass solar modules, also rated at 585/590 Wp, for another renewable energy project in India.