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Andhra Pradesh discoms propose Rs 81 billion fuel adjustment charges

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Power utilities have proposed to collect Fuel and Power Purchase Cost Adjustment (FPPCA) charges amounting to Rs 81 billion from power consumers, covering dues from the 2022-23 fiscal year. Discoms filed their request with the Andhra Pradesh Electricity Regulatory Commission (APERC) in November 2022. However, APERC delayed the decision due to elections, scheduling a public hearing for October 8, 2024. If approved, consumers may face an additional charge of Rs 1.27 per unit. The discoms…

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THDCIL to invest Rs 88 billion in 1,600 MW pumped storage projects in Rajasthan

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State-owned THDC India Ltd (THDCIL) has signed an agreement with the Rajasthan government to develop two 800 MW pumped storage projects (PSPs) in Bundi and Tonk, with a total capacity of 1,600 MW. The projects, requiring an investment of Rs 88 billion, aim to bolster energy storage solutions and grid stability. The Bisanpura PSP will source water from the Gudha Dam, while the Rampura PSP will utilize water from the Bisalpur reservoir. THDCIL, which started…

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Reliance (Anil Ambani) to develop green energy projects in Bhutan

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Anil Ambani-led Reliance Group has announced plans to collaborate with Druk Holding & Investments Ltd (DHI), the commercial arm of the Royal Government of Bhutan, to develop green energy projects, focusing on solar and hydropower initiatives. The partnership will also explore innovative green technologies to support Bhutan’s net-zero goals. Reliance Group has launched a new flagship company, Reliance Enterprises, jointly promoted by Reliance Infrastructure Ltd and Reliance Power Ltd, to promote investments in Bhutan’s renewable…

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Adani Power signs agreement to acquire Dahanu thermal power station

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Adani Power Limited (APL) has signed a business transfer agreement (BTA) with North Maharashtra Power Limited (NMPL) to acquire the Adani Dahanu thermal power station (ADTPS), which has a capacity of 2×250 MW (500 MW) in Dahanu, Maharashtra. With this acquisition, Adani Power’s total generation capacity will increase to 17,550 MW.

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Kundan Green commissions Luni hydropower plant

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Kundan Green Energy has commissioned its hydropower plant at Luni in Dharamshala district, Himachal Pradesh, in a record 24 months. With this addition, the company’s operating hydropower capacity reaches 85 MW. Kundan Green Energy operates four hydro plants in Sikkim, with three larger projects under construction. Including its solar and wind projects, the total installed capacity now stands at 120.5 MW. The Luni project, awarded in 2022, was developed with an investment of approximately Rs…

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Adani Group merges two energy subsidiaries with Adani New Industries

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Adani Group has merged two of its subsidiaries, Adani Infrastructure and Mundra Solar Technology, with Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises (AEL).  ANIL is expanding its solar manufacturing capabilities by setting up facilities to produce solar glass, aluminium frames, and backsheets. TotalEnergies holds a 25% equity stake in ANIL, while AEL owns the rest. Adani Infrastructure focuses on thermal and solar power projects, while Mundra Solar Technology manages electricity production and…

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DDA allows DISCOMs to provide new electricity connections without reference to authority

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The Delhi Development Authority (DDA) has granted permission to DISCOMs to provide new electricity connections in four categories, including urbanised villages and colonies regularised by the Municipal Corporation of Delhi (MCD), without requiring further approval from the DDA. This decision follows directions from Delhi LG VK Saxena, after representations from Delhi MPs, MLAs, and resident welfare associations. New connections will be allowed in areas where the DDA or other government agencies have previously issued No…

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Vikram Solar files for Rs 15 billion IPO with SEBI

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Vikram Solar Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) comprising a fresh issue worth up to Rs 15 billion and an offer-for-sale (OFS) of 17.45 million equity shares by its promoters. The face value of each equity share is Rs 10, with a reservation for eligible employees, offering them a discount in the subscription segment. The company may…

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Nextracker opens India’s first Center for Solar Excellence in Hyderabad

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Nextracker has inaugurated India’s first Center for Solar Excellence (CFSE) in Hyderabad, spanning 13 acres. The facility aims to advance solar tracker technology and accelerate the region’s energy transition. The CFSE includes a 30,000-square-foot lab, a solar tracker installation, and training facilities covering all aspects of a solar project, from design to operation and maintenance. The centre will collaborate with supply chain partners, customers, and third-party laboratories to develop, test, and commercialize proprietary solar technologies,…