Author: PPD Team Date: 08/11/2024
Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company.
The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of Power, Government of India.
Author: PPD Team Date: 20/12/2024 Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean power deals to date, setting the stage for future binding power purchase agreements. Oklo will develop, construct, and operate the powerhouses to supply clean energy across the US. This partnership supports Oklo’s growth and the increasing…
Author: PPD Team Date: 31/12/2024 Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat. The agreement was finalized on December 28, 2024. GACL will hold a 26% equity stake in the SPV for the project. Additionally, GACL has signed a power consumption agreement (PCA)…
Author: PPD Team Date: 05/06/2025 Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan to procure…
Author: PPD Team Date: 03/02/2025 Kalpataru Projects International Limited has received a Letter of Award (LoA) worth Rs 6.55 billion for composite Package-C7 in West Bengal. The contract covers the design, engineering, construction, supply, erection, stringing, testing, and commissioning of three power infrastructure projects. West Bengal State Electricity Transmission Company Limited (WBSETCL) invited bids in March 2024. The scope includes: Project 1: A 400/220/33 kV gas-insulated (GI) substation at Bengal Aerotropolis Projects Ltd (BAPL), a…
Author: PPD Team Date: 02/01/2025 The Ministry of New and Renewable Energy (MNRE) has released guidelines for two components of the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), targeting rooftop solar installations for eligible residential consumers. The program runs until March 31, 2027. Key highlights: Central financial assistance (CFA): Applicable for rooftop solar systems installed on rooftops, terraces, balconies, and building-integrated photovoltaics. Eligible systems must use approved metering mechanisms like group and virtual net metering…
Author: PPD Team Date: 22/04/2025 Evren, a joint venture (JV) between Brookfield Renewable India and Axis Energy Ventures India Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NTPC Limited for the 300 MW FDRE ISTS-Connected Renewable Energy Project (Tranche-II) in India. The project, which was awarded to ABC Cleantech Private Limited (ACPL), an Evren Group company, follows a successful bid in March 2024. ACPL won the 300 MW Firm and Dispatchable Renewable…
Author: PPD Team Date: 20/12/2024 Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean power deals to date, setting the stage for future binding power purchase agreements. Oklo will develop, construct, and operate the powerhouses to supply clean energy across the US. This partnership supports Oklo’s growth and the increasing…
Author: PPD Team Date: 31/12/2024 Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat. The agreement was finalized on December 28, 2024. GACL will hold a 26% equity stake in the SPV for the project. Additionally, GACL has signed a power consumption agreement (PCA)…
Author: PPD Team Date: 05/06/2025 Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan to procure…
Author: PPD Team Date: 03/02/2025 Kalpataru Projects International Limited has received a Letter of Award (LoA) worth Rs 6.55 billion for composite Package-C7 in West Bengal. The contract covers the design, engineering, construction, supply, erection, stringing, testing, and commissioning of three power infrastructure projects. West Bengal State Electricity Transmission Company Limited (WBSETCL) invited bids in March 2024. The scope includes: Project 1: A 400/220/33 kV gas-insulated (GI) substation at Bengal Aerotropolis Projects Ltd (BAPL), a…
Author: PPD Team Date: 02/01/2025 The Ministry of New and Renewable Energy (MNRE) has released guidelines for two components of the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), targeting rooftop solar installations for eligible residential consumers. The program runs until March 31, 2027. Key highlights: Central financial assistance (CFA): Applicable for rooftop solar systems installed on rooftops, terraces, balconies, and building-integrated photovoltaics. Eligible systems must use approved metering mechanisms like group and virtual net metering…
Author: PPD Team Date: 22/04/2025 Evren, a joint venture (JV) between Brookfield Renewable India and Axis Energy Ventures India Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NTPC Limited for the 300 MW FDRE ISTS-Connected Renewable Energy Project (Tranche-II) in India. The project, which was awarded to ABC Cleantech Private Limited (ACPL), an Evren Group company, follows a successful bid in March 2024. ACPL won the 300 MW Firm and Dispatchable Renewable…
Author: PPD Team Date: 20/12/2024 Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean power deals to date, setting the stage for future binding power purchase agreements. Oklo will develop, construct, and operate the powerhouses to supply clean energy across the US. This partnership supports Oklo’s growth and the increasing…
Author: PPD Team Date: 31/12/2024 Aditya Birla Renewable Energy Limited (ABREL) and its special purpose vehicle (SPV), Aditya Birla Renewables SPV 4 Limited, have signed a shareholder’s agreement with Gujarat Alkalies and Chemicals Limited (GACL) for a 62.7 MW wind-solar hybrid power project in Gujarat. The agreement was finalized on December 28, 2024. GACL will hold a 26% equity stake in the SPV for the project. Additionally, GACL has signed a power consumption agreement (PCA)…