Tata Power Delhi Distribution Limited (TPDDL) is preparing for an unprecedented power demand this summer, with an anticipated peak load of 2,351 MW.To meet this surge, the utility has secured power arrangements totaling 2,500 MW, employing various strategies including long-term, medium-term, and short-term tie-ups. This forecasted peak load marks...
REC Power Development and Consultancy Limited (RECPDCL) has handed over two project-specific special purpose vehicles (SPVs) formed for implementation of two power transmission projects.The SPV Kallam Transco Limited has been formed for “Western Region Network Expansion Scheme in Kallam area of Maharashtra”, an inter state transmission project of Ministry...
PFC Consulting Limited (PFCCL) has incorporated Navinal Transmission Limited, special purpose vehicle (SPV) for development of the Network Expansion Scheme in Navinal (Mundra) area of Gujarat for drawal of power in the area.PFCCL has been appointed as the bid process coordinator for selection of transmission service provider for establishment...
Sub Holding PLN Indonesia Power, a subsidiary of PT PLN (Persero), has signed a joint development study agreement with China Energy Engineering Group Company Limited to develop green energy projects in Sulawesi in Indonesia.The collaboration aims to enhance Indonesia’s renewable energy ecosystem, including hydro, geothermal, solar, and wind-based generators,...
Reportedly, the Telangana government is planning to establish a hydro power generation plant in Himachal Pradesh, aiming to secure affordable power solutions and address the surging demand for electricity.The government intends to exclusively cater the generated power to Telangana by collaborating with private enterprises to alleviate investment pressures. Additionally,...
Mahan Energen Limited (MEL), wholly owned subsidiary of Adani Power Limited, has entered into a 20-year long-term power purchase agreement (PPA) for 500 MW with Reliance Industries Limited (RIL), under the captive user policy.One unit of 600 MW capacity of MEL’s Mahan thermal power plant, out of its aggregate...
Adani Power Limited has restructured its financial arrangements, consolidating multiple short-term loan facilities totaling Rs 197 billion from six of its special purpose vehicles (SPVs) into a single long-term debt.This strategic move aims to streamline the company’s debt profile, offering the advantage of a uniform tenure and lowering the...
Reliance Power Limited's subsidiaries, Kalai Power Private Limited and Reliance Cleangen Limited, have recently entered into a debt settlement and discharge agreement with Reliance Commercial Finance Limited, a wholly-owned subsidiary of Authum Investment and Infrastructure Limited. The agreement aims to resolve outstanding debt issues. The total value of the...
India – Honeywell today announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing).The acquisition will further...
Vietnam Electricity National Power Transmission Corporation (EVNNPT), a subsidiary of the state-owned Vietnam Electricity (EVN), has launched the construction of the 500 kV Quang Tri substation and its Quang Tri–Vung Ang branch–Danang connection line project, with a total investment of VND965 billion.The Central Power Projects Management Board will manage...