India’s leading source for power sector news and analysis.

Author: PPD Team Date: 12/05/2025 The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme.  The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024, the scheme has a total outlay of Rs 85 billion. It aims to facilitate 100...

Author: PPD Team Date: 12/05/2025 The Central Electricity Regulatory Commission (CERC) has issued the draft Deviation Settlement Mechanism and Related Matters (Second Amendment) Regulations, 2025, proposing limited payments for infirm power injected by thermal generating stations before trial runs. Currently, under the DSM Regulations, 2024, no payments are made for infirm power unless scheduled after a successful trial run. Thermal generators raised concerns about unrecovered fuel costs during mandatory testing. The Ministry of Power also...

Author: PPD Team Date: 12/05/2025 REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income...

Author: PPD Team Date: 12/05/2025 Adani Group has signed a memorandum of understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to jointly develop 5 GW of hydropower capacity in Bhutan. This includes ongoing work on the 570/900 megawatt (MW) Wangchhu Hydropower Project. DGPC will hold a 51% majority stake in the projects, while Adani will hold the remaining 49%. Under the agreement, Adani will manage power offtake and integrate the generated power with India’s...

Author: PPD Team Date: 12/05/2025 ArcelorMittal has begun delivering clean energy to AMNS India’s Hazira steel facility in Gujarat using its newly operational 1 GW wind-solar hybrid project in Andhra Pradesh. This renewable power now covers more than 20 per cent of the Hazira plant’s energy needs. The shift is projected to cut annual carbon emissions by 1.5 million tonnes. It aligns with AMNS India’s goal to lower its steel carbon intensity by 20 per...

Author: PPD Team Date: 12/05/2025 Reliance Power Limited reported improved financial performance for the fourth quarter (Q4) and fiscal year ending March 31, 2025. In Q4 FY25, the company recorded total income of Rs 20.66 billion ($241 million) and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 5.9 billion ($69 million). Profit after tax stood at Rs 1.26 billion ($15 million). The company’s net worth rose to Rs 163.37 billion ($1.9 billion), while...

Author: PPD Team Date: 12/05/2025 Husk Power Systems has launched BEEM, a new rooftop solar platform tailored to meet the specific needs of residential users in India.  The platform is designed for flat rooftops, common in Indian homes, and includes two product lines, Aura and Eternia. BEEM offers a fully online experience powered by AI-enabled digital tools. Homeowners can size their systems, select products, and book installations remotely. The platform also provides real-time generation data...

Author: PPD Team Date: 12/05/2025 Advait Energy Transitions Limited (AETL) has secured an order from Gujarat Battery Energy Storage Solutions Private Limited for a 180 MW / 360 MWh battery energy storage system (BESS) project in Sanand, Gujarat. The scope includes supply, erection, testing, and commissioning of the project. The contract is valued at Rs 743.4 million. Mechanical completion is scheduled for November 30, 2025, with final charging by December 23, 2025. AETL is based...

Author: PPD Team Date: 12/05/2025 Aerem Solutions Private Limited and OMC Power Limited have signed an agreement to finance rooftop solar power projects worth Rs 2,000 million in Uttar Pradesh. The partnership will support Micro, Small and Medium Enterprises (MSMEs) in setting up rooftop solar systems. Aerem, through its non-banking financial company (NBFC), will provide loans to OMC Power’s customers to fund these installations. This initiative targets a major challenge for MSMEs—access to affordable financing...

Author: PPD Team Date: 12/05/2025 NHPC Limited has raised Rs 19.45 billion through the issuance of unsecured, redeemable, non-convertible, non-cumulative, taxable bonds (NCTs). These bonds, part of the 6.86% AF series, were issued on a private placement basis and will mature on May 6, 2040. The allotment date was May 6, 2025, giving the bonds a 15-year tenure. The bonds will be listed on the wholesale debt market segments of the Bombay Stock Exchange (BSE)...

Author: PPD Team Date: 12/05/2025 NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint venture will be responsible for the development, operation, and maintenance of RE power projects across...

Author: PPD Team Date: 12/05/2025 The Board of Directors of REC Power Development and Consultancy Limited (REC PDCL) has approved the formation of a joint venture company with Bharat Heavy Electricals Limited (BHEL) for renewable energy (RE) development in India. Both companies will hold equal stakes in the new joint venture. The announcement follows the Memorandum of Understanding (MoU) signed on March 15, 2024. The JV will develop renewable energy power projects and other power...

Author: PPD Team Date: 12/05/2025 CSE Development (India) Private Limited commissioned 80 MWp of open access solar photovoltaic (PV) projects at its solar park in Tamil Nadu on May 8, 2025. The solar park has a total capacity of 275 MWp.   The power generated from these projects will be used on a captive basis by companies such as First Solar Power India Limited, DCW Limited, and Murugappa Morgan Thermal Ceramics Limited. The power helps these...

Author: PPD Team Date: 12/05/2025 Uttar Pradesh Power Transmission Corporation Limited (UPPTCL) has re-invited bids for Package 24 under the Uttar Pradesh Green Energy Corridor II (GEC-II) Project. The notice was issued on May 8, 2025. The package involves the supply of two 500 MVA, 400/220 kV interconnecting transformers (ICTs). The contract will be executed on an engineering, procurement, and construction (EPC) turnkey basis. The estimated package cost is Rs 443.1 million. The last date...

Author: PPD Team Date: 11/05/2025 Coal India Limited (CIL) has signed a Memorandum of Understanding (MoU) with AM Green Ammonia (India) Private Limited to set up 4,500 MW of wind-solar hybrid power capacity in India. The agreement was signed on May 7, 2025. AM Green Ammonia is a wholly-owned subsidiary of AM Green Energy Private Limited. Under the partnership, CIL will develop approximately 2,500 MW to 3,000 MW of solar and 1,500 MW to 2,000...

Author: PPD Team Date: 11/05/2025 Damodar Valley Corporation (DVC) has re-issued tenders for setting up 234 MW/328 MWp floating solar power projects on Maithon Dam. The bids were re-invited on May 9, 2025, with the submission deadline set for June 16, 2025. The project will be located across Dhanbad in Jharkhand and Paschim Bardhaman in West Bengal. Earlier bids for the same scope were floated in December 2024. The scope includes detailed surveys and investigations,...