Regulatory Developments in Power Generation Sector: March 25, 2025

Regulatory Developments in Power Generation Sector: March 25, 2025

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  APTEL approves TSPL’s petition challenging PSERC order The Appellate Tribunal for Electricity (APTEL) has approved Talwandi Sabo Power Limited’s (TSPL) appeal against the Punjab State Electricity Regulatory Commission’s (PSERC) order dated February 26, 2018. The PSERC had found TSPL guilty of four instances of misdeclaring its declared capacity (DC) in January 2017 and imposed a penalty under Regulation 11.3.13 of the Punjab State Grid Code, 2013. APTEL ruled that misdeclaration can only be established…

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China falls short on carbon target, raising climate concerns

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China has missed a key carbon emissions target, casting doubt on its ability to meet long-term climate goals. The country’s carbon intensity, emissions per unit of GDP, fell 3.4% in 2024, short of the 3.9% target set by Beijing, according to the National Bureau of Statistics. This setback also puts China behind on its broader goal of cutting carbon intensity by 18% between 2020 and 2025. Under its “dual targets,” President Xi Jinping has pledged…

Power Sector News Roundup for March 25, 2025

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Global: China falls short on carbon target, raising climate concerns India: PGCIL invites bids for undersea power cable package for offshore wind project in Gujarat Adani Green commissions 500 MW solar power capacity in Rajasthan Ayana Renewables to raise Rs 1.5 billion via non-convertible debentures SECI awards green hydrogen production capacity under SIGHT Tranche-II Hero MotoCorp to invest Rs 5.25 billion in Euler Motors Avaada Group secures PPAs for 14 GW renewable energy projects

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Avaada Group secures PPAs for 14 GW renewable energy projects

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Avaada Group, through its subsidiary Avaada Energy, has secured long-term power purchase agreements (PPAs) for 14,000 MW of renewable energy projects.  The company has already commissioned 5,200 MW of renewable energy capacity across nine states and aims to achieve full operational capacity by 2027. Earlier this month, Avaada Group commissioned a 1,500 MW solar module manufacturing facility in Dadri, Noida. The facility focuses on TOPCon n-type bifacial glass-to-glass modules. The company is also developing a…

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Hero MotoCorp to invest Rs 5.25 billion in Euler Motors

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Hero MotoCorp Limited has announced an investment of Rs 5.25 billion in Euler Motors to enter the electric three-wheeler market.  The investment will be made in multiple tranches, allowing Hero MotoCorp to acquire a 32.5 per cent stake in Euler Motors on a fully diluted basis. The transaction is expected to be completed by April 30, 2025, through a mix of primary and secondary acquisitions. The investment will be entirely in cash, and no regulatory…

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SECI awards green hydrogen production capacity under SIGHT Tranche-II

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The Solar Energy Corporation of India (SECI) has announced the results of its auction under the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme (Mode-1, Tranche-II) to select producers for setting up green hydrogen production facilities in India. The programme aims to promote large-scale green hydrogen production, improve cost competitiveness, and facilitate rapid expansion. A total annual production capacity of 450,000 metric tonnes (MT) has been awarded, with a maximum allocated incentive of Rs 22.39…

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Ayana Renewables to raise Rs 1.5 billion via non-convertible debentures

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Ayana Renewable Power Private Limited has approved a plan to raise Rs 1.5 billion through the issuance of 1,500 non-convertible debentures at an issue price of Rs 1 million each. The debentures will be subscribed by Infrastructure Leasing and Financial Services Limited (IL&FS) Mutual Fund and will have a tenure of three years from the initial drawdown. The proceeds will be used for debt refinancing, subsidiary support in renewable projects, interest payments, loans, and other…

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Adani Green commissions 500 MW solar power capacity in Rajasthan

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Adani Green Energy Limited (AGEL) has expanded its renewable energy portfolio by commissioning 500 MW of solar power capacity in Rajasthan through its subsidiaries. On March 23, 2025, Adani Green Energy Twenty Five Limited (AGE25L), a wholly-owned subsidiary of AGEL, commissioned 250 MW of solar capacity at Badi Sid and Kalyan Ki Sid villages in Fatehgarh, Jaisalmer, Rajasthan. This project is part of the 8,000 MW Inter-State Transmission System (ISTS) Connected Solar Power project linked…

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PGCIL invites bids for undersea power cable package for offshore wind project in Gujarat

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Power Grid Corporation of India Limited (PGCIL) has invited bids for Package-I of the undersea power cable package (CA-01) for the 220 kV undersea export power cable and underground land cable. This package is part of the Transmission System for Offshore Wind Zone Phase-1 (500 MW VGF off the coast of Gujarat for Subzone B3). The bidding process opened on March 21, 2025, and the last date for submission is April 21, 2025. The project…