Power Sector News Roundup for April 28, 2025

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Global: Chile releases final long-term energy plan for 2023-27 India: IEX and AESL announce FY25 financial results MEIL secures EPC contract for 120 MW Rokhia power project Reliance commissions solar module manufacturing line THDC synchronises first unit of Tehri PSP in pump condenser mode Maharashtra launches portal to fast-track 7,000 MW solar project for farmers CSE Development commissions solar projects at 100 MWp park in Maharashtra Fortum exits India’s renewable energy market TSPL sets up…

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Fortum exits India’s renewable energy market

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Fortum Oyj has exited India’s renewable energy market by selling its platform, Fortum India Pvt Ltd (FIPL), to New York-based Hexa Climate Solutions, backed by I Squared Capital. Hexa acquired 100% of FIPL, including its management company, carbon credits, and a 40-member team. The sale process, managed by EY, attracted five bidders, including Japan’s Marubeni Corp, Dutch pension fund APG, and infrastructure fund AP Moller Capital. FIPL’s portfolio includes a 206 MW solar-wind hybrid project…

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CSE Development commissions solar projects at 100 MWp park in Maharashtra

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CSE Development (India) Private Limited has commissioned several solar photovoltaic (PV) power projects at its 100 MWp solar park in Maharashtra on April 23, 2025.  The power generated from these open access captive solar projects will be supplied to various clients, including fast-moving consumer goods (FMCG) companies and DRT-Anthea Aroma Chemicals Private Limited.

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Maharashtra launches portal to fast-track 7,000 MW solar project for farmers

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The Maharashtra government has launched the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0 project management portal to speed up work under its MSKVY 2.0 scheme. The scheme targets achieving 7,000 MW of decentralised solar capacity. It aims to supply daytime electricity to farmers through solar feeders. It follows a self-paying model where savings from reduced grid power costs are expected to recover project expenses within 6–8 years. Under MSKVY 2.0, Mahavitaran will receive electricity at…

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THDC synchronises first unit of Tehri PSP in pump condenser mode

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THDC India Limited has synchronised the first 250 MW unit of its 1,000 MW pumped storage project (PSP) at Tehri, Uttarakhand, in pump condenser mode. In pump condenser mode, the turbine acts both as a generator and a condenser. It helps generate electricity and also regulates grid stability by absorbing excess energy without producing power, enhancing operational flexibility. The Tehri PSP consists of four reversible pump turbine units of 250 MW each. Once all units…

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Reliance commissions solar module manufacturing line

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Reliance Industries Limited (RIL) has commissioned its first solar photovoltaic (PV) module manufacturing line at its 5,000-acre site in Jamnagar, Gujarat. Work is progressing on battery storage and hydrogen production facilities. The initial solar module capacity is 10 GW per year, expandable to 20 GW. A 1 GW heterojunction (HJT) solar module line is operational, with modules rated up to 720 watt-peak. Reliance is also setting up 30 GWh of battery manufacturing, beginning with a…

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MEIL secures EPC contract for 120 MW Rokhia power project

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Megha Engineering and Infrastructures Limited (MEIL) has received a Notification of Award (NoA) worth Rs 11,913.01 million for the engineering, procurement, and construction (EPC) package of the 120 MW Combined Cycle Gas Rokhia Power Plant. The contract is part of the Tripura Power Distribution Strengthening and Generation Efficiency Improvement Project. Bids for the project were invited by Tripura Power Generation Limited (TPGL) in March 2023. The work is scheduled to be completed within 36 months….

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TSPL sets up biomass plant for clean fuel supply at Punjab thermal station

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Talwandi Sabo Power Limited (TSPL), a Vedanta Power company, has set up a torrefied biomass manufacturing facility near its 1,980 MW thermal plant in Mansa, Punjab. The plant can process 500 tonnes of agricultural stubble each day. It uses a thermochemical process to convert stubble into torrefied bio-pellets. These pellets have a higher energy density than raw biomass, making them more suitable for TSPL’s supercritical thermal power operations that require high-grade biofuels. TSPL has procured…

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Chile releases final long-term energy plan for 2023-27

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The Ministerio de Energía (Ministry of Energy) of Chile published the final Planificación Energética de Largo Plazo (PELP) 2023–27 on April 22, 2025, in accordance with Articles 83–86 of the Ley General de Servicios Eléctricos (LGSE) or General Law of Electric Services. PELP is a public policy instrument released every five years to ensure sustainable, resilient, and fair development of Chile’s power sector. It projects energy supply and demand scenarios, identifies renewable energy hubs, and…

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IEX and AESL announce FY25 financial results

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Indian Energy Exchange Limited (IEX) posted a net profit of Rs 4.29 billion for 2024-25, a 22.22 per cent rise from the previous year’s Rs 3.51 billion. The company’s total income also grew by 19.23 per cent. It reached Rs 6.57 billion in 2024-25, compared to Rs 5.51 billion a year earlier. Meanwhile, Adani Energy Services Limited (AESL) reported a different trend. Its net profit fell by 22.90 per cent to Rs 9.22 billion in…