Contracts and procurement
ŠKODA JS has secured a contract to supply control rod drive mechanisms for Rolls-Royce SMR's 470 MWe small modular reactors. This agreement follows earlier pre-production work for key components and highlights the formation of a global supply chain for SMR technology.
NTPC Ltd. has terminated a ₹413.37 crore contract with GR Infraprojects Ltd. (GRIL) for a 400 MWh Battery Energy Storage System (BESS) project at its Mouda Super Thermal Power Station. The termination follows GRIL's failure to meet contractual obligations and project progress requirements. NTPC has encashed approximately ₹91 crore in securities and is re-tendering the project.
Another major supply chain signal from Rolls-Royce SMR. After announcing that Siemens Energy will manufacture steam turbine components for its first SMRs, Rolls-Royce SMR has unveiled another major step. The company has launched a supplier programme offering up to £1.4 billion in contract opportu...
Bharat Heavy Electricals Ltd (BHEL) has approved an additional equity investment of ₹65 crore in NTPC BHEL Power Projects (NBPPL), its joint venture with NTPC Ltd. NBPPL focuses on engineering, procurement, and construction (EPC) contracts for power plants and infrastructure projects, alongside manufacturing and supplying equipment.
Vikram Solar has secured a 124 MW supply contract for a solar power project in Anantapur, Andhra Pradesh. The agreement with Capital Energy Private Ltd. involves the provision of high-efficiency G12R TOPCon modules, with dispatches slated to begin in October 2026.
Bannerman has announced the completion of funding for its Etango uranium project, following a strategic investment and joint venture with CNNC Overseas Limited (CNOL). This development resolves the final funding hurdle, positioning the project for a Final Investment Decision (FID) and progression towards becoming a new greenfield uranium producer. Early construction works are on schedule, and detailed design and procurement activities are nearing completion.
Enviro Infra Engineers, through its subsidiary Suyog Urja Limited, has received a Letter of Intent from Tata Power Renewable Energy Limited for a 180 MW wind EPC project in Parli, Maharashtra. The contract, valued at ₹224.19 crore, includes civil foundation works, balance of plant, and 33 kV transmission line construction, with completion expected by March 31, 2027.
A new Power Purchase Agreement (PPA) between Fortum and Google will cover the life extension period of the Loviisa nuclear power plant in Finland. The agreement, set to begin in 2028, will cover 50% of the plant's capacity from 2030 to 2049 and is expected to enable significant investments in extending the plant's operational life until 2050. The companies also signed a memorandum of understanding to explore further collaboration in new nuclear power development and other energy solutions.
Axis Energy has been awarded the engineering, procurement, and construction (EPC) contract for a 552 MWp utility-scale solar power project in Anantapur, Andhra Pradesh, India. The project, developed by Evren, a joint venture between Brookfield and Axis Energy, is slated for commissioning within 18 months. This solar facility is part of a larger 400 MW wind-solar hybrid renewable energy initiative that includes battery energy storage systems (BESS) and connects to the state grid, aiming to provide power during peak demand.
A consortium comprising Studsvik, GE Vernova Hitachi Nuclear Energy (GVH), GE Vernova Financial Services, DS Investment Partners, and Samsung C&T has signed an agreement to advance the ReFirm nuclear program in Sweden. The initiative focuses on multi-site small modular reactor (SMR) development, aiming for the first unit to be commissioned by the mid-2030s. The partners will immediately begin joint development work, including commercial, technical, regulatory, and financing activities.
Inox Wind has been awarded a 100 MW turnkey wind project by Indian Oil Corporation Ltd (IOCL), valued at approximately ₹755 crore. This repeat order includes comprehensive project execution, from turbine supply to long-term operations and maintenance.
Several international energy companies, including GE Vernova, are reportedly close to finalizing agreements for energy projects in Venezuela following extensive negotiations.