Author: PPD Team Date: 21/01/2025
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AZAD Engineering signs contract with Siemens Energy for turbine components
Author: PPD Team Date: 03/02/2025 AZAD Engineering Limited has secured a six-year contract with Siemens Energy Global GmbH & Co. KG, valued at €90.1 million. The agreement covers the production of combustion commodities, cold blades, vanes, machined parts, and assemblies for advanced turbine systems. In addition, AZAD Engineering has received an order from Bharat Heavy Electricals Limited (BHEL) for high-complex rotating airfoils for supercritical turbines, part of an indigenisation project approved by the Ministry of…
World Bank and IAEA partner to support nuclear energy in developing countries
Author: PPD Team Date: 27/06/2025 The World Bank Group has signed an agreement with the International Atomic Energy Agency (IAEA) to promote the safe and responsible use of nuclear energy in developing countries. The move marks the World Bank’s first direct engagement with nuclear power in decades. The memorandum of understanding focuses on three key areas: First, the IAEA will help the World Bank expand its knowledge of nuclear safety, new technologies, waste management, and…
Oklo signs LOIs with data centres to supply 750MW of low-carbon power
Author: PPD Team Date: 14/11/2024 US-based Oklo, a developer of fast fission power plants, has secured letters of intent (LOIs) to provide up to 750 MW of low-carbon energy to two data centre providers. Under these LOIs, Oklo will deploy its Aurora powerhouses, which offer scalable solutions of 15 MW and 50 MW units, for direct on-site or nearby power generation in select markets. Oklo’s deployment model aims to reduce reliance on traditional power grids,…
TRIL and Ashoka Buildcon secure transmission and transformer contracts
Author: PPD Team Date: 12/03/2025 Transformers and Rectifiers India Limited (TRIL) has secured a Rs 2,720 million contract from Adani Group for the supply and manufacturing of transformers and reactors, along with related work. The project is expected to be completed by FY 2027. Ashoka Buildcon Limited has received a Letter of Acceptance (LoA) worth Rs 3,119.2 million (including GST) for the supply, erection, testing, commissioning (ETC), and civil work for the construction of a…
Capital Power sells stake in two Canadian wind facilities to Axium
Author: PPD Team Date: 28/11/2024 Capital Power has announced the sale of a 49% interest in two Canadian wind facilities to Axium Infrastructure for approximately $340 million. The facilities include the 142 MW Quality Wind project in British Columbia and the 104 MW Port Dover and Nanticoke wind project in Ontario, with a combined capacity of 246 MW. The assets are fully contracted with investment-grade counterparties, featuring a weighted average remaining contract life of 11…
MNRE issues revised draft guidelines for prototype wind turbines
Author: PPD Team Date: 15/04/2025 The Ministry of New and Renewable Energy (MNRE) has released revised draft guidelines for the installation and certification of prototype wind turbines in India. The new framework allows manufacturers up to three years to complete type testing and secure certification from internationally accredited agencies. The National Institute of Wind Energy (NIWE), Chennai, will implement the framework. Prototype turbines will be installed only for type testing. NIWE will issue a recommendation…
AZAD Engineering signs contract with Siemens Energy for turbine components
Author: PPD Team Date: 03/02/2025 AZAD Engineering Limited has secured a six-year contract with Siemens Energy Global GmbH & Co. KG, valued at €90.1 million. The agreement covers the production of combustion commodities, cold blades, vanes, machined parts, and assemblies for advanced turbine systems. In addition, AZAD Engineering has received an order from Bharat Heavy Electricals Limited (BHEL) for high-complex rotating airfoils for supercritical turbines, part of an indigenisation project approved by the Ministry of…
World Bank and IAEA partner to support nuclear energy in developing countries
Author: PPD Team Date: 27/06/2025 The World Bank Group has signed an agreement with the International Atomic Energy Agency (IAEA) to promote the safe and responsible use of nuclear energy in developing countries. The move marks the World Bank’s first direct engagement with nuclear power in decades. The memorandum of understanding focuses on three key areas: First, the IAEA will help the World Bank expand its knowledge of nuclear safety, new technologies, waste management, and…
Oklo signs LOIs with data centres to supply 750MW of low-carbon power
Author: PPD Team Date: 14/11/2024 US-based Oklo, a developer of fast fission power plants, has secured letters of intent (LOIs) to provide up to 750 MW of low-carbon energy to two data centre providers. Under these LOIs, Oklo will deploy its Aurora powerhouses, which offer scalable solutions of 15 MW and 50 MW units, for direct on-site or nearby power generation in select markets. Oklo’s deployment model aims to reduce reliance on traditional power grids,…
TRIL and Ashoka Buildcon secure transmission and transformer contracts
Author: PPD Team Date: 12/03/2025 Transformers and Rectifiers India Limited (TRIL) has secured a Rs 2,720 million contract from Adani Group for the supply and manufacturing of transformers and reactors, along with related work. The project is expected to be completed by FY 2027. Ashoka Buildcon Limited has received a Letter of Acceptance (LoA) worth Rs 3,119.2 million (including GST) for the supply, erection, testing, commissioning (ETC), and civil work for the construction of a…
Capital Power sells stake in two Canadian wind facilities to Axium
Author: PPD Team Date: 28/11/2024 Capital Power has announced the sale of a 49% interest in two Canadian wind facilities to Axium Infrastructure for approximately $340 million. The facilities include the 142 MW Quality Wind project in British Columbia and the 104 MW Port Dover and Nanticoke wind project in Ontario, with a combined capacity of 246 MW. The assets are fully contracted with investment-grade counterparties, featuring a weighted average remaining contract life of 11…
MNRE issues revised draft guidelines for prototype wind turbines
Author: PPD Team Date: 15/04/2025 The Ministry of New and Renewable Energy (MNRE) has released revised draft guidelines for the installation and certification of prototype wind turbines in India. The new framework allows manufacturers up to three years to complete type testing and secure certification from internationally accredited agencies. The National Institute of Wind Energy (NIWE), Chennai, will implement the framework. Prototype turbines will be installed only for type testing. NIWE will issue a recommendation…
AZAD Engineering signs contract with Siemens Energy for turbine components
Author: PPD Team Date: 03/02/2025 AZAD Engineering Limited has secured a six-year contract with Siemens Energy Global GmbH & Co. KG, valued at €90.1 million. The agreement covers the production of combustion commodities, cold blades, vanes, machined parts, and assemblies for advanced turbine systems. In addition, AZAD Engineering has received an order from Bharat Heavy Electricals Limited (BHEL) for high-complex rotating airfoils for supercritical turbines, part of an indigenisation project approved by the Ministry of…
World Bank and IAEA partner to support nuclear energy in developing countries
Author: PPD Team Date: 27/06/2025 The World Bank Group has signed an agreement with the International Atomic Energy Agency (IAEA) to promote the safe and responsible use of nuclear energy in developing countries. The move marks the World Bank’s first direct engagement with nuclear power in decades. The memorandum of understanding focuses on three key areas: First, the IAEA will help the World Bank expand its knowledge of nuclear safety, new technologies, waste management, and…