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Tata Power Solar partners with ICICI Bank to offer loans for solar panel purchases

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Tata Power Solar Systems (TPSSL), a leading solar company in India and a subsidiary of Tata Power Renewable Energy, has partnered with ICICI Bank to offer loans for purchasing solar panels. This collaboration aims to make sustainable energy solutions more accessible and affordable for residential and corporate customers. ICICI Bank will provide customized financial solutions with attractive interest rates for purchasing solar panels from TPSSL. Customers can avail of loans up to Rs 90 lakh…

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India’s silver imports set to nearly double in 2024 amid rising solar demand

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India’s silver imports are expected to almost double this year due to increased demand from solar panel and electronics manufacturers and as investors look to silver for better returns than gold, according to leading importers. Higher imports by the world’s largest silver consumer could support global prices, which are near their highest levels in over a decade. Last year, India imported 3,625 metric tons of silver. Chirag Thakkar, CEO of Amrapali Group Gujarat, a major…

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Government proposes PSUs to bid for power transmission projects

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The government has proposed new draft guidelines to allow public sector undertakings (PSUs) to bid for power transmission projects through a tariff-based competitive bidding (TBCB) process. This marks a shift from the previous approach, where private sector entities primarily dominated the bidding. The initiative aims to boost competition and enhance efficiency in the power transmission sector, which is essential to meet India’s increasing energy needs. The draft guidelines suggest that central public sector enterprises (CPSEs),…

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Uttar Pradesh to launch e-mobility dashboard and app to boost EV adoption

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The Uttar Pradesh government is developing a web-based e-mobility dashboard and a mobile app for EV Accelerator Cell. Invest UP, the nodal agency for tracking investments in the state, has assigned Uttar Pradesh Development Systems Corporation Ltd. (UPDESCO) to lead this initiative, which is expected to be completed within 90 days. The e-mobility dashboard and app will enhance data visibility, monitoring, and management of EV registrations and charging infrastructure. It will compile information from various…

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Tata Motors partners with Delta Electronics and Thunderplus to expand EV charging network

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Tata Motors has partnered with Delta Electronics India and Thunderplus Solutions to establish 250 new fast-charging stations for its electric commercial vehicles (CVs) across India. These stations will be strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, significantly expanding the current network of 540 commercial vehicle charging points. Under the partnership, Tata Motors will recommend optimal locations for the charging stations based on commercial EV movement. Delta…

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Ather Energy expands into Sri Lanka with EV market entry

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Ather Energy, a leading Indian electric two-wheeler manufacturer, is entering the Sri Lankan market, following its successful expansion into Nepal. The company plans to open its first experience centre in Sri Lanka next quarter through a partnership with Evolution Auto, which will manage sales and service operations. To support EV adoption, Ather will also develop a fast-charging network across Sri Lanka. This move aligns with the growing demand for EVs in Sri Lanka due to…

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PFCCL transfers two transmission project SPVs to Power Grid Corporation of India

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PFC Consulting Ltd (PFCCL) has transferred two special purpose vehicles (SPVs) related to interstate transmission system (ISTS) schemes to Power Grid Corporation of India Ltd (PGCIL), the winning developer under the tariff-based competitive bidding (TBCB) mechanism. The formal transfer was completed on August 22, 2024, as confirmed by a stock exchange filing from Power Finance Corporation Ltd, the parent company of PFCCL. The first SPV, Sirohi Transmission Ltd, is linked to the transmission system for…

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Adani Power to acquire Lanco Amarkantak Power for Rs 41.01 billion

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Adani Power announced that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 41.01 billion. LAPL is currently undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code. Under the approved plan, Adani Power will acquire 100% shareholding in LAPL for cash. LAPL operates a 2×300 MW (600 MW) thermal power plant in Korba, Chhattisgarh,…

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TRIL secures $16.8 million in overseas orders

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Transformers & Rectifiers (India) Ltd (TRIL) has announced the winning of two export orders totalling $16.8 million (approximately Rs 1.41 billion). The first order, valued at $14 million, is from Linxon Global Sweden for 18 units of 20 MVA trackside traction transformers and 55 units of 7.5 MVA trackside autotransformers, to be completed by October 2025. The second order, worth $2.8 million, is from ArcelorMittal Mexico for a 175 MVA, 66kV electric arc furnace (EAF)…

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Avaada Group inaugurates 70 MW solar project in Uttar Pradesh

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Avaada Group has launched a 70 MW solar power project in Banda, Uttar Pradesh, investing Rs 4.08 billion. The project is expected to generate approximately 160 million units of renewable energy annually. Additionally, Avaada is developing two pumped storage projects with a combined capacity of 2,190 MW in the Sonbhadra and Mirzapur districts. The group also plans to develop 1,000 MW of solar power projects in Jalaun, Chitrakoot, and Lalitpur districts, with a total investment…