World Bank grants $146 mn to rebuild Syria’s electricity network
Author: PPD Team Date: 30/06/2025
Author: PPD Team Date: 30/06/2025
The World Bank has approved a $146 million grant through the International Development Association (IDA) to restore Syria’s damaged power infrastructure.
The Syria Electricity Emergency Project (SEEP) aims to repair high-voltage lines and substations, with a focus on war-affected regions and key 400kV interconnections with Jordan and Türkiye. Most parts of Syria currently receive just two to four hours of power daily, affecting water, healthcare, and food services.
The Public Establishment for Transmission and Distribution of Electricity (PETDE) will lead implementation, supported by international consultants. The project also includes policy reform advice, capacity-building, and technical assistance for long-term planning.
A third-party monitoring agent will oversee environmental, social, and fiduciary compliance, aligned with World Bank standards.
Author: PPD Team Date: 06/01/2025 Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and India Infrastructure Finance Company Ltd (IIFCL). The MUML project, won in June 2020 under tariff-based…
Author: PPD Team Date: 05/05/2025 Punjab State Power Corporation Limited (PSPCL) has signed a 25-year power purchase agreement (PPA) with Sukhbir Agro Energy Limited (SAEL) for 400 MW of solar power projects in Punjab. SAEL secured the capacity in 2024 at a tariff of Rs 2.97 per kWh. The agreement follows PSPCL’s tender issued in May 2023 for procurement of 1,000 MW solar power through tariff-based competitive bidding from projects of 5 MW and above,…
Author: PPD Team Date: 08/07/2025 The European Commission (EC) has proposed an amendment to the EU Climate Law, targeting a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. The amendment builds on the legally binding commitment to climate neutrality by 2050, which came into effect in July 2021. The proposal is grounded in the Commission Political Guidelines for 2024–2029 and is part of a broader push to align industrial competitiveness,…
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 05/11/2024 Insolation Energy Limited has won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. The project includes the design, supply, erection, testing, commissioning, and installation of rooftop solar photovoltaic (PV) systems on state government and government-owned buildings in Jaipur, Ajmer, and Kota districts. Under the contract, a 67 MW solar plant will be set…
Author: PPD Team Date: 07/11/2024 Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast. This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with a $10 billion investment, Gippsland Dawn aims to be operational by 2031, with up to…
Author: PPD Team Date: 06/01/2025 Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and India Infrastructure Finance Company Ltd (IIFCL). The MUML project, won in June 2020 under tariff-based…
Author: PPD Team Date: 05/05/2025 Punjab State Power Corporation Limited (PSPCL) has signed a 25-year power purchase agreement (PPA) with Sukhbir Agro Energy Limited (SAEL) for 400 MW of solar power projects in Punjab. SAEL secured the capacity in 2024 at a tariff of Rs 2.97 per kWh. The agreement follows PSPCL’s tender issued in May 2023 for procurement of 1,000 MW solar power through tariff-based competitive bidding from projects of 5 MW and above,…
Author: PPD Team Date: 08/07/2025 The European Commission (EC) has proposed an amendment to the EU Climate Law, targeting a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. The amendment builds on the legally binding commitment to climate neutrality by 2050, which came into effect in July 2021. The proposal is grounded in the Commission Political Guidelines for 2024–2029 and is part of a broader push to align industrial competitiveness,…
Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing. Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation. The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features…
Author: PPD Team Date: 05/11/2024 Insolation Energy Limited has won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. The project includes the design, supply, erection, testing, commissioning, and installation of rooftop solar photovoltaic (PV) systems on state government and government-owned buildings in Jaipur, Ajmer, and Kota districts. Under the contract, a 67 MW solar plant will be set…
Author: PPD Team Date: 07/11/2024 Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast. This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with a $10 billion investment, Gippsland Dawn aims to be operational by 2031, with up to…
Author: PPD Team Date: 06/01/2025 Sterlite Grid 32 Ltd (SGL32) has refinanced its Mumbai Urja Transmission Limited (MUML) project through listed non-convertible debentures (NCDs), its first NCD issuance since its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL and were secured by bidders including the National Bank for Financing Infrastructure & Development (NaBFID) and India Infrastructure Finance Company Ltd (IIFCL). The MUML project, won in June 2020 under tariff-based…
Author: PPD Team Date: 05/05/2025 Punjab State Power Corporation Limited (PSPCL) has signed a 25-year power purchase agreement (PPA) with Sukhbir Agro Energy Limited (SAEL) for 400 MW of solar power projects in Punjab. SAEL secured the capacity in 2024 at a tariff of Rs 2.97 per kWh. The agreement follows PSPCL’s tender issued in May 2023 for procurement of 1,000 MW solar power through tariff-based competitive bidding from projects of 5 MW and above,…