Author: PPD Team Date: 29/11/2024
THDC India Limited has initiated draft tube erection work in Unit 2 of the Vishnugad Pipalkoti Hydro Electric Project (HEP).
The project, with a total capacity of 444 MW, is situated on the Alaknanda River near Helong village in Uttarakhand. It is expected to be commissioned by December 2026.
Author: PPD Team Date: 11/04/2025 The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have signed a memorandum of understanding (MoU) with the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. The agreement supports the feasibility study for the Caspian Green Energy Corridor Project. This MoU outlines a joint effort to create the legal and institutional setup needed for cross-border electricity trade among the three Central Asian nations. The project aims to boost…
Author: PPD Team Date: 15/01/2025 BrightNight has announced the commissioning of the first phase of Optima Maharashtra, a 115 MW hybrid renewable power project located in Dharashiv, southern Maharashtra. The project is one of the first co-located wind-solar projects in the state, marking the company’s entry into the Indian power grid. Optima Maharashtra integrates advanced wind and solar technologies powered by BrightNight’s proprietary AI-enabled PowerAlpha platform, maximizing energy output with minimal environmental impact. The project…
Author: PPD Team Date: 08/05/2025 Seshasayee Paper and Boards will source 39 MW of renewable energy from a wind-solar hybrid project being developed by Ganeko Solar in Tamil Nadu. The project will include 33 MW of solar and 6 MW of wind capacity. The hybrid facility will be developed under a special purpose vehicle (SPV) named Navia One Power. Seshasayee Paper will invest Rs 165.6 million to acquire up to 28.1 per cent equity in…
Author: PPD Team Date: 28/05/2025 REC Power Distribution Company Limited (REC PDCL) has incorporated three special purpose vehicles (SPVs) for transmission projects in Karnataka. The SPVs were established on May 21, 2025, to facilitate project development under the tariff-based competitive bidding (TBCB) route. Hampapura Power Transmission Limited will implement the project for establishing a 400 kV substation at Hampapura, along with associated transmission lines in Mandya district. Sharavathi Power Transmission Limited has been formed for…
Author: PPD Team Date: 13/11/2024 At COP29 in Baku, Azerbaijan, leading multilateral development banks (MDBs) announced plans to collectively mobilize $120 billion annually in climate financing for low- and middle-income countries by 2030, with $42 billion dedicated to adaptation. The private sector is expected to contribute an additional $65 billion each year. High-income countries are set to receive $50 billion annually in climate finance, including $7 billion for adaptation. The MDBs exceeded their 2025 climate…
Author: PPD Team Date: 19/12/2024 The Sheringham Shoal and Dudgeon offshore wind farm extension projects in Norfolk, UK, will be developed under a joint ownership structure, subject to regulatory approval. This will streamline the development process by combining the two projects into a single legal entity. Development consent for both projects was granted in April 2024 under a unified application, allowing for joint or sequential development approaches. The new ownership structure facilitates cost-effective development, reduces…