India | News

Hindustan Power signs PPA for 435 MW solar project in Uttar Pradesh

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Hindustan Power will supply electricity from a 435 MW direct current solar PV plant in Uttar Pradesh under a 25-year power purchase agreement (PPA) with Uttar Pradesh Power Corporation Limited. The company has begun on-site work and opened a project office at the location. UPPCL awarded the contract through a competitive tender in April 2025. Ratul Puri, chairman of Hindustan Power, said the company is advancing its site development and stakeholder coordination to ensure timely…

India | News

Hinduja Renewables signs solar PPAs with Lloyd Metals

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HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp) and another for 50 MW (70 MWp) of solar capacity. Both projects will be developed in India. Alongside the PPAs,…

India | News

Hero Future Energies to supply 120 MW renewable power to SJVN

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Hero Future Energies (HFE) has signed a power purchase agreement (PPA) with SJVN Limited to supply 120 MW of firm and dispatchable power. The power will come from a renewable energy project integrated with energy storage. HFE secured this capacity at a tariff of Rs 4.25 per kWh in SJVN’s 1,200 MW auction. The project will follow a build-own-operate model. It can be set up anywhere in India, as long as it connects to the…

India | News

RIL picks up 26% stake in Adani’s power project

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Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use.  Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10 per share. The agreement includes a 20-year Power Purchase Agreement (PPA) under the Captive User policy, with one unit of…

Global | News

Equinix signs second renewable energy PPA with Sembcorp Power

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Equinix has entered its second power purchase agreement with Sembcorp Power to source renewable energy.  The project, with a maximum capacity of 58.5 MWp, will be developed on JTC properties on Jurong Island.  This includes 60 hectares of vacant land and rooftops of five JTC buildings, such as the Jurong Rock Caverns above-ground facilities and the Jurong Island Checkpoint.  The project is expected to begin operations in 2029.

India | News

Adani Power denies Bangladesh plans to renegotiate power deal amid disputes

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According to a Reuters report, Adani Power stated that it has no indication the Bangladesh government plans to review its 25-year power purchase agreement (PPA) with the company.  This follows earlier claims that Bangladesh is seeking to renegotiate terms to lower electricity prices or cancel the deal through legal means. The PPA, signed in 2017, involves Adani Power supplying electricity from a $2 billion coal-fired plant in eastern India.  The agreement is under investigation by…

India | News

DVC signs PPAs with GUVNL to supply 559 MW of power

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Damodar Valley Corporation (DVC) has entered into power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) to supply a total of 559 MW of electricity.  This includes 359 MW from the 800 MW Durgapur Thermal Power Expansion Project in West Bengal and 200 MW from the 2×800 MW Koderma Thermal Power Expansion Project in Jharkhand. The Durgapur project, situated in Bardhaman district, is an expansion of the retired Durgapur Steel Thermal Power Project. …

India | News

Equinix partners with CleanMax for renewable energy project in Maharashtra

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Equinix, Inc. has entered into its first power purchase agreement (PPA) in India with CleanMax to develop a 33 MW captive power plant in Maharashtra.  The facility will comprise 26.4 MWp of solar and 6.6 MW of wind capacity, with phased operations commencing in 2025.  This initiative aligns with Equinix’s sustainability strategy, aiming to meet the increasing energy demands of its International Business Exchange (IBX) data centers in Mumbai, driven by the rise in data…

India | News

Adani Power cuts power supply to Bangladesh over unpaid dues

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Adani Power Jharkhand Limited (APJL), a subsidiary of Adani Power, has halved its power supply to Bangladesh, citing outstanding dues of $846 million, according to local media.  Data from Power Grid Bangladesh PLC shows that supply from the 1,496 MW plant has been reduced to 700 MW from a single unit, exacerbating Bangladesh’s energy shortfall, which exceeded 1,600 MW overnight. On October 27, Adani warned the Bangladesh Power Development Board (PDB) of potential supply cuts…

India | News

Adani Group to supply 6,500 MW of power to MSEDCL

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Adani Power and Adani Renewable Energy Fifty Five, subsidiaries of the Adani Group, have entered into agreements to supply a combined 6,500 MW of power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL).  Adani Power has signed a 25-year Power Supply Agreement (PSA) to provide the state with approximately 1,500 MW of thermal power. Concurrently, Adani Renewable Energy Fifty Five, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has entered into a Power…