Power Sector News Roundup for March 26, 2025

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Global: Poland approves draft law to ease onshore wind farm restrictions India: PFCCL incorporates two SPVs for transmission projects in Maharashtra RECPDCL transfers four transmission SPVs to PGCIL and IndiGrid IREDA raises Rs 9.1 billion through Tier-II bonds BluPine Energy secures Rs 17.87 billion from NaBFID for renewable expansion PFCCL invites bids for Maharashtra transmission expansion; UPPCL seeks environmental expert Power ministry revises compensation guidelines for transmission line right of way JIRE secures 300 MW…

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Poland approves draft law to ease onshore wind farm restrictions

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The government of Poland has approved draft legislation to relax restrictions on building onshore wind farms, moving towards fulfilling a 2023 election promise to accelerate renewable energy growth, Reuters reported.  The proposed changes, pending parliamentary approval, would reduce the required distance between wind installations and residential areas while maintaining stricter permitting rules near national parks and protected zones. Poland’s Climate Minister Paulina Hennig-Kloska stated: “The Council of Ministers has just adopted, by circulation, the draft…

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PFCCL incorporates two SPVs for transmission projects in Maharashtra

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PFC Consulting Limited (PFCCL) has incorporated two special purpose vehicles (SPVs) for the development of transmission projects in Maharashtra. The SPVs were established on March 21, 2025, to facilitate network expansion for renewable energy evacuation and power supply to data centers. SPVs incorporated: NES Dharashiv Transmission Limited – For the Network Expansion scheme in Maharashtra for evacuation of renewable energy power from Dharashiv, Beed District. NES Navi Mumbai Transmission Limited – For the Network Expansion…

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RECPDCL transfers four transmission SPVs to PGCIL and IndiGrid

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REC Power Development & Consultancy Limited (RECPDCL) has transferred four special purpose vehicles (SPVs) to Power Grid Corporation of India Limited (PGCIL) and IndiGrid 2 Private Limited for the development of transmission system projects across India. The transfer took place on March 24, 2025. SPVs transferred to PGCIL PGCIL has taken over three SPVs for key transmission projects: Banaskantha Transco Limited – Augmentation of transformation capacity at Banaskantha (Raghanesda) PS (GIS) in Gujarat.   Kurnool-IV…

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IREDA raises Rs 9.1 billion through Tier-II bonds

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Indian Renewable Energy Development Agency Limited (IREDA) has raised Rs 9.1 billion through privately placed subordinated Tier-II bonds. The bonds, issued with a 10-year tenure, carry an annual coupon rate of 7.74 per cent. The capital raised will enhance IREDA’s Tier-II capital, strengthening its net worth and improving its capital to risk-weighted assets ratio.  The funds will be utilized to enhance liquidity in the financial market and support IREDA’s borrowing strategy. This will facilitate increased…

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BluPine Energy secures Rs 17.87 billion from NaBFID for renewable expansion

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BluPine Energy has secured Rs 17.87 billion in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The funds will be used to optimize financial structuring and support the company’s renewable energy expansion. The financing is structured around a restricted group of 14 special purpose vehicles (SPVs) located in Punjab, Uttarakhand, and Karnataka. These projects supply power to a mix of central and state off-takers. BluPine plans to utilize the funds to…

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PFCCL invites bids for Maharashtra transmission expansion; UPPCL seeks environmental expert

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PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for the selection of a transmission service provider (TSP) through a tariff-based competitive bidding (TBCB) process. The project, “Network Expansion Scheme in Maharashtra for Providing Supply to Data Centre Loads in Navi Mumbai,”  will be developed on a build, own, operate, and transfer (BOOT) basis. The bidding process was launched on March 24, 2025, with a deadline for submissions set for May 28, 2025….

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Power ministry revises compensation guidelines for transmission line right of way

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The Ministry of Power has updated its guidelines for compensation related to the right of way (RoW) for transmission lines. The aim is to bring uniformity, streamline procedures, and ensure timely resolution of land acquisition issues in transmission projects. New compensation structure The revised guidelines introduce a two-part compensation mechanism. Landowners will receive: 100% compensation for the tower base area based on land value. Pro-rata compensation for the line corridor, depending on the extent of…

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JIRE secures 300 MW solar plus storage project under NHPC’s ISTS Tranche-VIII

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Jindal India Renewable Energy (JIRE), a subsidiary of Jindal Power Limited (JPL), has received a Letter of Acceptance (LoA) for 300 MW of solar plus storage capacity at a tariff of Rs 3.09 per kWh.  The award falls under NHPC Limited’s 1,200 MW Inter-State Transmission System (ISTS)-connected solar power projects with a 600 MW/1,200 MWh energy storage system (ESS) and an additional greenshoe capacity of 1,200 MW anywhere in India under Tranche-VIII. The LoA was…

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J&K plans 10 MW agro-solar power plant at GT-Pampore

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The Government of Jammu & Kashmir (GoJK) has planned a 10 MW solar power plant (SPP) at the decommissioned land of Pampore Gas Turbine (GT-Pampore). Jammu & Kashmir State Power Development Corporation Limited (JKSPDC) is expected to implement the project. The project will be developed in phases, with 5 MW in the first phase on vacant land at GT-Pampore. The total land area under GT Phase-I (3×25=75 MW) and Phase-II (4×25=100 MW) is 22.77 hectares…