The rating is conducted by Power Finance Corporation (PFC)

Power Ministry releases 13th annual rating of DISCOMs

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The Ministry of Power (MoP) has released the “13th Annual Integrated Rating & Ranking: Power Distribution Utilities” providing a detailed evaluation of the financial and operational performance of power distribution companies (DISCOMs) and power departments across India. The rating is conducted by Power Finance Corporation (PFC) on behalf of the ministry. The utilities are assigned grades ranging from A+ to D. Out of 72 utilities, 63 were rated, with Jammu Power Distribution Corporation Limited (JPDCL),…

Power Sector News Roundup for February 24, 2025

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Global: U.S. added 50 GW of solar capacity in 2024 India: MoEFCC clears ToR for Saidongar pumped storage projects Five firms shortlisted for Kurnool-IV REZ transmission project PFCCL incorporates SPV for Kakinada green hydrogen transmission project Torrent Power sets up subsidiary for renewable energy projects Tata Power-DDL partners with Probus for Bluetooth-enabled smart metering Power Ministry revises bidding norms for wind-solar hybrid projects GE Power secures orders from NTPC and MP Power Solarium Green Energy…

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U.S. added 50 GW of solar capacity in 2024

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The U.S. added nearly 50 GW of new solar generating capacity in 2024, according to the 2025 Sustainable Energy in America Factbook, released by the Business Council for Sustainable Energy and BloombergNEF. The record 49 GW of new solar capacity helped meet rising energy demand and replace decommissioned thermal assets. Of this, 39.6 GW came from utility-scale projects, marking a 31.4 per cent year-over-year increase—the highest since 2017. Rooftop solar installations added close to 10…

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ReNew reports Rs 21.2 billion revenue in Q3 FY 2024-25, net loss widens

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ReNew has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company recorded a revenue of Rs 21.2 billion, marking a 10 per cent year-on-year (YoY) increase from Rs 19.3 billion in Q3 FY 2023-24. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion in the previous year. Net loss widened to Rs 3.8 billion from Rs 3.2 billion in Q3 FY…

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Solarium Green Energy wins Rs 558.45 million rooftop solar orders

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Solarium Green Energy Limited has received Letter of Awards (LoAs) worth Rs 558.46 million from NTPC Vidyut Vyapar Nigam Limited (NVVN) for setting up a cumulative 17.223 MW rooftop solar power projects across four states in India. These include: Setting up a cumulative 10.267 MW rooftop solar power projects under Zone-2 across various locations of the Central Armed Police Forces (CRPFs) and departments under the Ministry of Home Affairs (MHA) across Madhya Pradesh, Odisha and…

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GE Power secures orders from NTPC and MP Power

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GE Power India Limited has received work orders worth Rs 403.38 million from NTPC Limited and M.P. Power Generating Company Limited for supplying steam turbine parts and boiler panel services. The order from NTPC Limited involves supplying steam turbine parts for the Talcher site, to be executed over 15 months. The order from M.P. Power Generating Company Limited includes boiler panel services, scheduled for completion within 80 days. Earlier in February 2025, GE Power India…

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Power Ministry revises bidding norms for wind-solar hybrid projects

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The Ministry of Power has amended the tariff-based competitive bidding process for wind-solar hybrid projects to improve project execution and grid integration. Under the revised guidelines, procurers can specify designated interstate and intrastate transmission system substations where developers must connect their hybrid power projects. The provisions for change in law now align with the Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, ensuring financial clarity for developers. To enforce compliance with…

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Tata Power-DDL partners with Probus for Bluetooth-enabled smart metering

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Tata Power Delhi Distribution (Tata Power-DDL) has partnered with Probus Smart Things to enhance smart metering technology through a Universal Network Interface Card (NIC) with Bluetooth-enabled communication.  The Universal NIC aims to improve smart metering capabilities by ensuring reliable and efficient communication even in the absence of primary networks, according to a statement from Tata Power-DDL. Key features of the NIC include Bluetooth-enabled connectivity for seamless meter data collection and remote operations, a multi-point star…

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Torrent Power sets up subsidiary for renewable energy projects

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Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated a new wholly owned subsidiary, Torrent Urja 30 Private Limited (TU30), for the implementation of renewable energy (RE) power projects in India on February 19, 2025. The newly formed entity will engage in power generation, transmission, distribution, purchase, procurement, sale, trading, import, export, power storage, green hydrogen, and its derivatives such as ammonia, along with other renewable energy…

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PFCCL incorporates SPV for Kakinada green hydrogen transmission project

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PFC Consulting Limited (PFCCL) has incorporated Kakinada I Transmission Limited, a special purpose vehicle (SPV) for the development of the transmission system for proposed green hydrogen and green ammonia projects in the Kakinada area, Andhra Pradesh (Phase-I), on February 20, 2025. PFCCL has been designated as the bid process coordinator (BPC) for selecting a transmission service provider (TSP) through the tariff-based competitive bidding (TBCB) process.  The transmission scheme includes the establishment of a 765/400 kV…