Author: PPD Team Date: 30/10/2024
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Vietnam proposes amendments to electricity law
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NTPC wins 1,000 MW solar power order from UPPCL
Author: PPD Team Date: 07/01/2025 NTPC Renewable Energy (NTPC REL), a subsidiary of NTPC Green Energy (NGEL), has secured a 1,000 MW solar power order from Uttar Pradesh Power Corporation (UPPCL) following a successful bid in an e-reverse auction on 3 January 2025. This capacity is part of a larger 2,000 MW initiative for ISTS-connected solar photovoltaic (PV) power projects across India under tariff-based competitive bidding. NTPC REL won the bid with a competitive tariff…
Power Grid approves issuance of bonds to raise up to Rs 50 billion
Author: PPD Team Date: 24/10/2024 Power Grid Corporation of India Limited (PGCIL) has received approval from its committee of directors to issue its 79th bond series (2024-25), which will raise up to Rs 50 billion through a private placement. The bond issuance has a base size of INR 10 billion, with a green shoe option allowing for an additional Rs 40 billion. These bonds are unsecured, non-convertible, non-cumulative, and taxable, with a 10-year maturity period….
Vietnam proposes amendments to electricity law
Author: PPD Team Date: 28/10/2024 Vietnam‘s Ministry of Industry and Trade has drafted a new electricity law to establish a legal framework supporting the development of a modern, interconnected, and efficient power market while prioritizing national energy security. The proposed amendments aim to address gaps in power development regulations, improve coordination among ministries, and overcome challenges in bringing electricity investments to remote areas. A key focus of the draft law is on refining electricity pricing…
Swedish firm OX2 buys 1GW onshore wind project in Australia
Author: PPD Team Date: 15/10/2024 Renewable energy developer OX2 has acquired its first onshore wind project in Western Australia, with a planned capacity of 1GW. Located north of Perth, the project is in the early development stages and will include a 100MW battery energy storage system. The acquisition involves collaboration with 20 landowners, and the original developers will continue to oversee the approval process alongside OX2. This acquisition is part of OX2’s strategy to expand…