Author: PPD Team Date: October 30, 2024
Tata Power Company Limited (TPCL) has signed a share purchase agreement to acquire a 40% equity stake in Khorlochhu Hydro Power Limited (KHPL) for the development of a 600 MW hydropower project in Bhutan, valued at Rs 69 billion.
TPCL will invest approximately Rs 8.3 billion in cash over multiple tranches during the next five years.
Author: PPD Team Date: October 30, 2024 The US Department of Energy (DOE) has allocated $474 million in grid resilience funding for fiscal year 2024 (FY24) to enhance the power grid’s resilience across 49 states, five territories, 254 tribal nations, and the District of Columbia. Supported by the Bipartisan Infrastructure Law, the funding aims to strengthen power grids against extreme weather events intensified by climate change, as part of the Biden-Harris Administration’s commitment to reliable,…
Author: PPD Team Date: December 5, 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…
Author: PPD Team Date: December 18, 2024 RMC Switchgears has received a letter of acceptance (LoA) from a system integrator for the supply, installation, and commissioning of 5,000 solar pumps in Maharashtra. The project, valued at Rs 900 million, includes 3HP, 5HP, and 7HP solar pump systems, with completion expected by FY26. This follows RMC’s decision to invest Rs 1,000 million in establishing a solar module manufacturing plant in Jaipur, Rajasthan, aimed at reducing reliance…
Author: PPD Team Date: April 4, 2025 The Central Government laid the foundation stone for two thermal power projects in Chhattisgarh on March 30, 2025. The 800 MW Sipat Advance Ultra Super Critical (AUSC) Thermal Power Project Stage-III will be set up within the existing Sipat Power Plant premises in the Bilaspur district, which currently has Stage-I (3×660 MW) and Stage-II (2×500 MW). The project, estimated at Rs 97.9 billion, is a collaboration between NTPC…
Author: PPD Team Date: November 8, 2024 Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27. This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to…
Author: PPD Team Date: May 1, 2025 Adani Power Limited has reported a net profit of Rs 127.50 billion in 2024–25, a decline of 38.78 percent from Rs 208.29 billion recorded in the previous year. Total income fell 2.28 percent to Rs 589.06 billion in FY25 from Rs 602.81 billion in FY24. However, one source indicated a 10 percent growth in revenue during the period. The company posted a net profit of Rs 27.37 billion…