Power Sector News Roundup for April 7, 2025

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Global: TotalEnergies completes renewable energy acquisitions across Europe, Africa, and Canada India: Hindustan Powerprojects to set up 300 MW solar project for UPPCL Powergrid to raise Rs 60 billion via 10-year bonds IndiGrid commissions India’s first regulated utility-scale BESS project Power ministry relaxes location norms for load-serving substations under ISTS L&T sets up new subsidiary for green hydrogen business

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TotalEnergies completes renewable energy acquisitions across Europe, Africa, and Canada

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TotalEnergies has completed the acquisition of multiple renewable energy projects across Europe, Africa, and Canada. These include wind, solar, and hydropower assets in partnership with VSB Group, SN Power, and RES. In Europe, the acquisition of VSB Group adds 500 MW of capacity that is either installed or under construction, along with a development pipeline of over 15 GW in wind and solar. In Africa, TotalEnergies has acquired SN Power’s assets, gaining a 28.3 per…

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L&T sets up new subsidiary for green hydrogen business

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Larsen & Toubro (L&T) has incorporated L&T Green Energy Kandla Private Limited through its wholly-owned unit, L&T Energy Green Tech Limited. The company was officially registered on April 4, 2025. The new entity will focus on the development of green hydrogen and its derivatives, including green ammonia. It will also undertake related business activities as part of L&T’s strategy to scale up its presence in the green hydrogen sector. Earlier this week, the company’s Heavy…

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Power ministry relaxes location norms for load-serving substations under ISTS

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The power ministry has relaxed siting norms for load-serving substations under interstate transmission system (ISTS) schemes built through the tariff-based competitive bidding (TBCB) route. The revised norms apply to new substations—such as switching stations or HVDC terminals—developed by transmission service providers (TSPs). The change follows industry representations and is now reflected in the amended standard bidding documents (SBD), including the request for proposal (RfP) and transmission service agreement (TSA). Under the updated rule: Generation pooling…

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IndiGrid commissions India’s first regulated utility-scale BESS project

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IndiGrid has commissioned India’s first regulated utility-scale standalone Battery Energy Storage System (BESS) project with a capacity of 20 MW/40 MWh. The project is located in Delhi and operated by Kilokari BESS Pvt Ltd (KBPL). This marks IndiGrid’s first commercial battery storage project and a significant step in India’s push for cleaner, more resilient power infrastructure. KBPL is designed to support grid stability, manage peak demand, and integrate renewable energy at the distribution level. IndiGrid…

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Powergrid to raise Rs 60 billion via 10-year bonds

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Power Grid Corporation of India Limited (Powergrid) has received approval to raise up to Rs 60 billion through its 81st bond issue via private placement.  The decision was cleared by the company’s Committee of Directors for Bonds on April 4, 2025. The bonds—named POWERGRID Bonds–LXXXI (81st Issue) 2025–26—will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. The total issue includes a base size of Rs 15 billion and a green shoe option of Rs 45 billion,…

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Hindustan Powerprojects to set up 300 MW solar project for UPPCL

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Hindustan Powerprojects Private Limited (HPPPL) has secured a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for a 300 MW/425 MWp solar project.  The installation will be Inter-State Transmission System (ISTS)-connected and located in Madhya Pradesh. The project is part of UPPCL’s plan to develop 2,000 MW of ISTS-connected solar capacity across India. HPPPL will be responsible for identifying land, setting up the plant, owning it, and maintaining it. The project will…