SUBSCRIBE NEWS LETTER

Power Purchase Agreement

Punjab To Review Power Agreement For Purchase Of Solar Power

Punjab CM Bhagwant Mann has announced to review the purchase power agreement for the purchase of solar power in the state. Mann said that the state government is now purchasing solar power at Rs 2.54 instead of purchasing it at Rs 15 as was done during the tenure of earlier governments in Punjab. In a […]

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Microsoft Signs Purchase Agreement For 90 MW Wind Power with Eneco

Microsoft Corp. has announced a new wind energy agreement in the Netherlands. Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco. Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022. This is Microsoft’s second purchase of wind […]

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Tata Power acquires WREPL through share purchase agreement

TPREL (Tata Power Renewable Energy Ltd), an arm of Tata Power, has completed 100 percent share purchase in WREPL (Welspun Renewable Energy Pvt Ltd) and its subsidiaries. Earlier in June, the company had announced that TPREL will acquire WREPL through a share purchase agreement (SPA) at an enterprise value of Rs 9249 crore, subject to […]

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Hindustan Power Gets LoA For 100 MW Solar+BESS Project

Ratul Puri’s energy company Hindustan Power, an integrated power generation company, has been awarded a 100 MW inter-state transmission system (ISTS)-connected solar power project along with a 200 MWh BESS from SJVN Limited, a Navratna Central Public Sector Enterprise. The actual installed capacity of the solar project will be substantially higher, not only to supply […]

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SECI Crosses 60 GW Milestone in Power Sale Agreements

The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy, has successfully executed over 60 Gigawatts (GW) of Power Sale Agreements (PSAs) for renewable energy (RE) capacity, it said. A SECI statement said, “This achievement marks a pivotal step in the nation’s progress […]

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NLC India to Develop 450 MW Wind-Solar Hybrid Power Project

NLC India Ltd has received a Letter of Award (LoA) from NTPC Ltd for developing a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project. The hybrid project will supply electricity to NTPC for a period of 25 years under a Power Purchase Agreement (PPA). The project will be split across two locations […]

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Bihar: Power Mech Bags Orders Under PM-KUSUM Scheme

Hyderabad-based Power Mech Projects Ltd has secured orders from Bihar State Power Generation Company Ltd (BSPGCL) for the construction of grid-connected distributed solar power plants, the company said in a regulatory filing. Power Mech added, “The projects, with a cumulative capacity of 13.66 MW (AC), are expected to generate revenue of about ₹159 crore over […]

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