Author: PPD Team Date: 12/12/2024
The Government of Telangana has inaugurated Unit 2 of the Damaracherla (Yadadri) Power Project.
The project, being implemented by Telangana State Power Generation Corporation Limited (TSGENCO), is located at Damaracherla (Yadadri) mandal in Nalgonda district. With an investment of Rs 299.65 billion, the project will feature five units, each with a capacity of 800 MW.
Author: PPD Team Date: 21/10/2024 Gevo has obtained a conditional $1.46 billion loan guarantee from the US Department of Energy’s (DOE) Loan Programs Office for its Net-Zero 1 (NZ1) project in Lake Preston, South Dakota. Including capitalised interest, the loan facility provides a borrowing capacity of $1.63 billion. The NZ1 plant will use 100% US-sourced feedstocks to produce approximately 60 million gallons of sustainable aviation fuel (SAF), 1.3 billion pounds of protein and animal feed,…
Author: PPD Team Date: 21/11/2024 PFC Consulting Limited (PFCCL), a subsidiary of Power Finance Corporation Limited (PFC), has incorporated Bhuj ICT Transmission Limited as a Special Purpose Vehicle (SPV) to develop the Rs 5.87 billion “Provision of ICT Augmentation & Bus Reactor at Bhuj-II PS” transmission project. This initiative, under the Tariff-Based Competitive Bidding (TBCB) process, is expected to be implemented within 21 months from the transfer of the SPV. The project involves upgrades to…
Author: PPD Team Date: 20/02/2025 The Ministry of Power (MoP) has issued an advisory to all state governments, central generating stations, and renewable energy implementing agencies (REIAs) on integrating energy storage systems (ESS) with solar power projects. The initiative aims to improve grid stability, reliability, and cost efficiency as India targets 500 GW of non-fossil fuel capacity by 2030. ESS will play a crucial role in improving grid reliability and optimising energy utilisation by storing…
Author: PPD Team Date: 24/12/2024 India and Kuwait have upgraded their relationship to a strategic partnership, focusing on defence, energy, trade, investment, and technology. During Prime Minister Narendra Modi’s first visit to Kuwait in 43 years, an MoU on defence was signed to enhance cooperation in training, joint exercises, and equipment supply. The two countries share strong energy ties, with bilateral trade reaching $10.47 billion in 2023-24. Kuwait is India’s sixth-largest crude supplier and fourth-largest…
Author: PPD Team Date: 17/02/2025 Iberdrola announced that construction of the Eastern Green Link 1, a subsea electricity superhighway, has officially started. The £2.5 billion project is a joint venture between SP Energy Networks and National Grid Electricity Transmission. It will transport renewable energy to power two million homes through over 190 km of undersea cables connecting Scotland and England. The project, approved by Ofgem last year, has now begun onshore construction, with offshore works…
Author: PPD Team Date: 30/12/2024 The National Green Tribunal (NGT) has issued a notice to the Central government over the lack of infrastructure for the safe disposal and recycling of damaged or end-of-life Photovoltaic (PV) solar panels. A bench led by Justice Prakash Shrivastava and Dr A. Senthil Vel highlighted the environmental hazards of improper disposal, including burying panels in agricultural fields or sending them to landfills, which degrade soil quality. Notices were served to…