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BJD raises concerns over Andhra Pradesh’s Polavaram project

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The opposition Biju Janata Dal (BJD) in Odisha has expressed concern over the potential impact of Andhra Pradesh’s Polavaram project on the tribal communities of Malkangiri district. The party’s “fact-finding” team, led by former minister Atanu S Nayak, reported to BJD president Naveen Patnaik that the recent budgetary allocation by the central government and the commitment to complete the project by February 2026 has heightened fears among the local tribal population. The team visited the…

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NCLT approves Sarda Energy’s Rs 22 billion acquisition of SKS Power 

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The National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt SKS Power Generation by Sarda Energy & Minerals for Rs 22 billion. This acquisition allows Indian banks, which have an exposure of Rs 18.9 billion, to recover their entire amount from the electricity generation firm. SKS Power Generation owns a 600-MW power plant in Chhattisgarh, currently operated by NTPC. The committee of creditors, led by State Bank of India (SBI) and Bank of…

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PTC India reports 33% rise in Q1 FY25 net profit to Rs 18.9 billion

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Power trading solutions provider PTC India posted a 33% increase in its consolidated net profit for the June quarter, reaching Rs 18.9 billion, up from Rs 14.3 billion in Q1 FY24. The rise in profit was attributed to lower expenses, which fell to Rs 448.6 billion from Rs 460.4 billion a year ago. Earnings per share (EPS) increased to Rs 5.87 in Q1 FY25 compared to Rs 4.39 in Q1 FY24. Trading volume remained relatively…

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Adani Power’s coal plant can now supply Indian market under amended export rules

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The Indian government has amended its power export rules, allowing Adani Power’s 1,600 MW Godda coal-fired plant in Jharkhand, previously contracted to supply all its output to Bangladesh, to now supply electricity to the domestic market. The amendment, detailed in an internal power ministry memo dated 12 August, permits the plant to connect to the Indian grid and sell power locally in cases of sustained non-scheduling of its capacity or payment delays. This change, which…

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Waaree Energies secures 90 MW solar module order for Rajasthan project

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Waaree Energies, a major player in India’s renewable energy sector, has secured an order from Juniper Green Energy Ltd. to supply 90 MW of solar modules for a large-scale project in Bikaner, Rajasthan.   The project will feature Waaree’s innovative dual glass bifacial modules, which can absorb sunlight from both sides, increasing energy generation and efficiency, particularly in regions like Rajasthan with high reflective surfaces. 

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Honeywell, Repsol partner to advance biofuels, recycling technologies

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Honeywell and Repsol are collaborating to develop and scale new technologies for producing biofuels and circular materials. The partnership will utilize Honeywell’s processes to convert waste materials like fats, oils, and biomass into renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel, at Repsol’s refineries. Repsol is also considering Honeywell’s UpCycle Process Technology to enhance plastic recycling capabilities, aiming to recycle up to 90% of waste plastics. This collaboration supports Repsol’s goal of achieving…

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Tamil Nadu approves Rs 441.25 billion investment 

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The Tamil Nadu government has approved investment proposals totalling Rs 441.25 billion, which include three major renewable energy policies aimed at boosting the state’s green energy sector. These initiatives are part of Tamil Nadu’s goal to generate 20,000 MW of renewable energy by 2030. The Cabinet, chaired by Chief Minister M.K. Stalin, approved 15 investment proposals across various sectors, expected to create over 24,700 jobs. Key projects include a Rs 213.4 billion investment by lithium-ion…

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India’s cement sector to invest $4 billion in 4-5 GW renewable energy by 2030

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India’s cement sector plans to add 4-5 GW of renewable energy capacity by 2030, requiring an investment of over $4 billion, according to JMK Research. As of FY24, leading cement companies have already installed over 1,800 MW of renewable energy, with 58% coming from solar and wind. The report outlines distinct decarbonisation opportunities and challenges for integrated and grinding cement units. Grinding units, which purchase electricity from the state grid at high costs, present a…

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High AT&C losses, modest tariff hikes continue to strain India’s power distribution sector

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India’s power distribution sector remains under significant financial pressure due to persistently high aggregate technical and commercial (AT&C) losses and insufficient tariff hikes. A recent report by ICRA highlights that despite some progress, state-owned distribution companies (discoms) continue to struggle with balancing costs and revenues, particularly in states like Bihar, Jharkhand, Madhya Pradesh, Odisha, and Uttar Pradesh, where AT&C losses exceed 20%. Nationally, AT&C losses have seen a reduction, dropping from 23% in FY2021 to…

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India’s electric vehicle market to hit USD 238 billion by 2030

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India’s electric vehicle (EV) market is on the cusp of a major transformation, with a projected growth to USD 238 billion by 2030. According to the latest “Electrify30: The Future of Mobility” report by Praxis Global Alliance, the nation’s EV ecosystem is expected to expand at a remarkable compound annual growth rate (CAGR) of 38% over the next decade. This growth is being fueled by a combination of proactive government policies, increased consumer awareness, and…