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: 24/03/2025 Indian Railways (IR) is advancing its efforts to incorporate nuclear power into its energy mix, reviving discussions with the Department of Atomic Energy (DAE) and the Ministry of Power (MoP) to establish small nuclear power plants (NPPs). This follows an earlier attempt in 2013, when IR explored a 400 MW nuclear power venture with the Nuclear Power Corporation of India (NPCIL). A proposed joint venture with DAE in 2017 did…
Author: PPD Team Date: 05/12/2024 British International Investment (BII) will invest USD 33.5 million (approximately Rs 2.8 billion) in three companies within India’s electric vehicle (EV) ecosystem. The investment includes USD 15 million in debt financing for Mumbai-based fleet operator Everest Fleet and USD 15 million in equity funding for EV manufacturer TI Clean Mobility, a subsidiary of Tube Investments India. Additionally, USD 3.5 million will go to Delhi-based EV component maker Vecmocon to enhance…
Author: PPD Team Date: 28/10/2024 Copenhagen Energy and PetroGreen Energy Corporation have obtained the Green Lane Certificate from the Philippine Board of Investments for their joint floating offshore wind projects under BuhaWind Energy Philippines. This certification will accelerate the permit process, facilitating faster development of their planned 4 GW offshore wind farms. The initiative includes three projects: A 2 GW wind farm in Northern Luzon, targeted for operation by 2030. A 1 GW project in…
Author: PPD Team Date: 17/01/2025 Leeward Renewable Energy (LRE) has revealed plans for renewable energy projects exceeding 700 megawatts alternating current (MWac) in Oklahoma, supported by long-term power purchase agreements (PPAs) with Google. The projects include the 372-MWac Mayes County solar portfolio, located near Google’s Pryor data centre. Construction is underway, with energy delivery facilitated through the Grand River Dam Authority (GRDA). The portfolio features three sites: Salt Branch Solar, Huckleberry Solar, and Mayes Solar….
Author: PPD Team Date: 11/02/2025 Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, has received Letters of Award (LoAs) for developing 15.9 MWp solar power projects under the Captive Power Producer (CPP) segment in India. The projects have been awarded by Mexo Fiber Private Limited, M S Rayons Private Limited, Maharaja Industries, Gautam Casting Industries Private Limited, Gautam Technocast, Shri Rajlaxmi Denim Limited, and Kartik Dying and Printing Mills Private…
Author: PPD Team Date: 24/04/2025 Teerth Gopicon Private Limited has received Letters of Award (LoAs) from Rajasthan Renewable Energy Corporation Limited (RRECL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) for setting up a total of 109.29 MW of solar power projects across Rajasthan. The company secured an LoA worth Rs 4,085.39 million from RRECL to develop 63 MW rooftop solar projects under the Hybrid Annuity Model (HAM). The projects will be installed on state government…