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Delhi HC upholds Rs 1.15 billion arbitration award for BHEL in RattanIndia dispute

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The Delhi High Court has upheld a Rs 1.15 billion arbitration award in favor of Bharat Heavy Electricals Limited (BHEL) in a dispute with RattanIndia Power Limited over the Nasik Thermal Power Project Phase I.  The ruling, delivered on March 6, 2025, reinforces BHEL’s claim, including an 18% annual interest from 30 days after the original award date of July 27, 2017. The project, implemented by RattanIndia Nasik Power Limited (RNPL), a special purpose vehicle…

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SCCL and BHEL sign agreement for 800 MW Adilabad power project expansion

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Singareni Collieries Company Limited (SCCL) and Bharat Heavy Electricals Limited (BHEL) have signed an agreement for the Adilabad Coal-Based Power Project Stage II. The deal was finalized on March 11, 2025. Under the agreement, BHEL will handle civil works and supply key equipment, including boilers, turbines, and generators. The project, expected to be completed in 40 months, will add an 800 MW unit to the existing 1,200 MW power plant at Pegadapalli in the Mancherial…

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Transmission system to come up for Sonbhadra Pumped Storage Projects

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The transmission system for evacuating power from pumped storage projects (PSPs) in Sonbhadra District, Uttar Pradesh, is being planned to support renewable energy generation. Two major developers, Greenko and Avaada, have submitted applications for connecting a total of 3732 MW capacity from the Robertganj area in Sonbhadra. Greenko has submitted three applications for a combined capacity of 2016 MW (3×672 MW), while Avaada has submitted two applications for 1716 MW (1120 MW + 596 MW)….

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Five partner nations to plan Europe’s largest Green Energy Corridor

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On Monday, the 10th Ministerial Meeting for the implementation of the Green Energy Corridor project took place in Budapest, with representatives from Azerbaijan, Georgia, Hungary, Romania, and Bulgaria in attendance.  This partnership of the five nations could lead to Europe’s largest green energy corridor. The main focus of the meeting was the progress and prospects of the Caspian-Black Sea-European Green Energy Corridor. Key discussions included the development of Azerbaijan’s renewable energy potential, the Green Energy…

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Trump’s energy stance vs. renewable progress: Hanford solar farm’s uncertain future

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At the CERAWeek summit in Houston on Monday, U.S. Energy Secretary Chris Wright stirred the pot by openly criticizing renewable energy and reaffirming the Trump administration’s strong stance on oil and natural gas. His comments, focused on the need for fossil fuels in power generation, painted a picture of a future where renewables simply cannot replace the power provided by fossil fuels like natural gas. Wright made a bold claim, stating that wind, solar, and…

Regulatory Developments in Power Trading Sector: March 12, 2025

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  CERC dismisses PXIL’s proposal for new REC trading mechanisms The Central Electricity Regulatory Commission (CERC) has dismissed Power Exchange India Limited’s (PXIL) proposal to introduce new trading mechanisms for Renewable Energy Certificates (RECs), including reverse auction, forward auction, and continuous matching contracts. The decision, dated March 1, 2025, was made to avoid market fragmentation and liquidity issues in the REC market, which remains relatively small. PXIL had sought approval for these mechanisms to enhance…

Miscellaneous Regulatory Developments in Power Sector: March 12, 2025

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  CERC approves charge creation over assets for TP Bikaner III Neemrana II Transmission Limited The Central Electricity Regulatory Commission (CERC) has granted approval to TP Bikaner III Neemrana II Transmission Limited to create a charge over its assets in favor of Axis Bank, Kotak Mahindra Bank, and ICICI Bank. This decision, dated February 26, 2025, allows the petitioner to secure financial facilities for the construction of a 765 kV double-circuit transmission line, part of…