Author: PPD Team Date: 06/11/2024
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year.
The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3 billion in the corresponding quarter of the previous year.
Author: PPD Team Date: 08/01/2025 Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, has received a Letter of Intent (LoI) for the development of 32.15 MW of solar power projects under the Captive Power Producer (CPP) segment in India. The projects were awarded by various companies, including Aditya Ultra Steel, Suraj Dyeing and Printing, Sunita Processors, and several others. The solar projects are expected to be completed under various tranches…
Author: PPD Team Date: 25/04/2025 The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for…
Author: PPD Team Date: 11/02/2025 The Board of Directors of Hero MotoCorp Limited has approved an agreement with CleanMax Enviro Energy Solutions Private Limited to set up a solar power project. A special purpose vehicle (SPV) will be formed for the project, with Hero MotoCorp investing Rs 51.5 million for a 26 per cent equity stake. The power generated will be supplied to Hero’s plants in Dharuhera and Gurugram under the group captive mechanism. Similarly,…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…
Author: PPD Team Date: 05/12/2024 Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will support the construction of solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debt. The agreement includes a €150 million accordion facility, designed to enhance Amarenco’s operational capacity, reduce financial risk, and improve project execution timelines. …
Author: PPD Team Date: 29/11/2024 The Asian Development Bank (ADB) and Gulf Renewable Energy Company, a subsidiary of Gulf Energy Development Public Company, have finalized an $820 million loan agreement to fund 12 renewable energy projects in Thailand. These include eight ground-mounted solar photovoltaic (PV) plants and four solar PV plants integrated with battery energy storage systems (BESS). The projects have a combined solar PV capacity of 393 MW, with the solar plus BESS plants…
Author: PPD Team Date: 08/01/2025 Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, has received a Letter of Intent (LoI) for the development of 32.15 MW of solar power projects under the Captive Power Producer (CPP) segment in India. The projects were awarded by various companies, including Aditya Ultra Steel, Suraj Dyeing and Printing, Sunita Processors, and several others. The solar projects are expected to be completed under various tranches…
Author: PPD Team Date: 25/04/2025 The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for…
Author: PPD Team Date: 11/02/2025 The Board of Directors of Hero MotoCorp Limited has approved an agreement with CleanMax Enviro Energy Solutions Private Limited to set up a solar power project. A special purpose vehicle (SPV) will be formed for the project, with Hero MotoCorp investing Rs 51.5 million for a 26 per cent equity stake. The power generated will be supplied to Hero’s plants in Dharuhera and Gurugram under the group captive mechanism. Similarly,…
Author: PPD Team Date: 03/12/2024 Gujarat Urja Vikas Nigam Limited (GUVNL) has announced the results of its 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction under Phase IV. H.G Infra Engineering secured 250 MW at Rs 225,985/MW/month, while Advait Infratech won 50 MW at Rs 226,000/MW/month. Kintech Synergy and Bhilwara Energy were awarded 100 MW each, quoting tariffs of Rs 225,985/MW/month and Rs 225,993/MW/month, respectively. The tender, initially floated in October 2024 for…
Author: PPD Team Date: 05/12/2024 Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will support the construction of solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debt. The agreement includes a €150 million accordion facility, designed to enhance Amarenco’s operational capacity, reduce financial risk, and improve project execution timelines. …
Author: PPD Team Date: 29/11/2024 The Asian Development Bank (ADB) and Gulf Renewable Energy Company, a subsidiary of Gulf Energy Development Public Company, have finalized an $820 million loan agreement to fund 12 renewable energy projects in Thailand. These include eight ground-mounted solar photovoltaic (PV) plants and four solar PV plants integrated with battery energy storage systems (BESS). The projects have a combined solar PV capacity of 393 MW, with the solar plus BESS plants…
Author: PPD Team Date: 08/01/2025 Sun Drops Energia Private Limited, a wholly-owned subsidiary of KPI Green Energy Limited, has received a Letter of Intent (LoI) for the development of 32.15 MW of solar power projects under the Captive Power Producer (CPP) segment in India. The projects were awarded by various companies, including Aditya Ultra Steel, Suraj Dyeing and Printing, Sunita Processors, and several others. The solar projects are expected to be completed under various tranches…
Author: PPD Team Date: 25/04/2025 The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for…