Regulatory Developments in Power Trading Sector: May 7, 2025

By

  CERC reforms power trading to improve price discovery   The Central Electricity Regulatory Commission (CERC) has issued an order to reform electricity trading in India. The order addresses concerns around price discovery, liquidity, and market fragmentation across power exchanges. It applies to the Term Ahead Market (TAM), Day-Ahead Contingency (DAC), and Intra-Day contracts, and aims to enhance transparency and competition. In the TAM segment, power exchanges must discontinue user-defined time slots, such as hourly contracts,…

Regulatory Developments in Power Distribution Sector: May 7, 2025

By

  TGERC approves additional surcharge for open access consumers in FY 2025-26 The Telangana Electricity Regulatory Commission (TGERC) has approved an additional surcharge (AS) of Rs 1.45 per kWh for open access (OA) consumers for the first half of FY 2025-26 (April to September).  The Federation of Telangana Chambers of Commerce and Industry (FTCCI) contested the proposed AS of Rs 1.69/kWh, deeming it excessive. However, Telangana Discoms (TGDISCOMs) defended the surcharge, arguing that it was…

Regulatory Developments in Power Transmission Sector: May 7, 2025

By

  APTEL directs WBERC to reconsider HEL’s disallowed transmission costs The Appellate Tribunal for Electricity (APTEL) has ruled in favour of Haldia Energy Limited (HEL), setting aside key cost disallowances by the West Bengal Electricity Regulatory Commission (WBERC) related to a 400 kV dedicated transmission project. APTEL directed WBERC to revise its 2020 order and re-evaluate several claims, while allowing others outright. The case involved HEL’s appeal against WBERC’s disallowance of Rs 45.44 crore from…

Regulatory Developments in Renewable Sector: May 7, 2025

By

  APERC approves 400 MW wind-solar hybrid projects  The Andhra Pradesh Electricity Regulatory Commission (APERC) has granted approval for four amended Power Purchase Agreements (PPAs) totaling 400 MW of wind-solar hybrid power. The projects, developed by Axis Energy Ventures India Private Limited (AEVIPL) under the Bundling, Balancing, and Banking (BBB) scheme, will supply electricity to the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) at a fixed tariff of Rs 4.60 per kWh for 25…

Regulatory Developments in Power Generation Sector: May 7, 2025

By

  CERC approves tariff for NTPC’s Tanda Thermal Power Station Stage-II  The Central Electricity Regulatory Commission (CERC) has approved the tariff for NTPC Limited’s Tanda Thermal Power Station Stage-II (1320 MW) for the period from Unit-I’s commercial operation date (7 November 2019) to 31 March 2024.   The Tanda station, located in Ambedkar Nagar, Uttar Pradesh, consists of two 660 MW units. Unit-I achieved COD on 7 November 2019, and Unit-II on 1 July 2021. The…

|

World Bank approves loan for Bosnia and Herzegovina’s energy transition

By

On May 1, 2025, the World Bank’s Board of Executive Directors approved a €79.90 million loan and €2.89 million grant to support Bosnia and Herzegovina’s National Energy and Climate Plan. This funding aims to enhance energy security, promote economic transition, and create job opportunities in regions shifting away from coal. The Just Transition in Select Coal Regions of Bosnia and Herzegovina Project will focus on repurposing post-mining lands in Banovići, Zenica, and Kreka, facilitating the…

|

Crescentia Technology signs PPA for 65.7 MW solar project

By

Crescentia Technology Private Limited, the special purpose vehicle (SPV) of Bhagyanagar India Limited, has signed a 25-year power purchase agreement (PPA) with Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for setting up 65.7 MW of grid-connected solar power plants under the Renewable Energy Service Company (RESCO) model.  The project will be developed under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program at various locations across Uttar Pradesh. The firm had…

|

RVNL plans 300 MW wind-solar hybrid project with energy storage

By

Rail Vikas Nigam Limited (RVNL) is planning to develop a 300 MW wind-solar hybrid power project with an energy storage system (ESS) in India.  The project is estimated to cost Rs 15 billion. RVNL is exploring potential locations for the project in Bihar, Jharkhand, or Karnataka.  The company will oversee infrastructure development, including transmission systems, while partnering companies will provide expertise in technology, solar modules, and wind components.

|

Ganeko Solar signs agreements for 28 MW hybrid project in Tamil Nadu

By

Ganeko Solar Private Limited (GSPL), a subsidiary of Zelestra Energy, has entered into several key agreements with Seshasayee Paper and Boards Limited (SPB) to set up a 28 MW/39 MWp wind-solar hybrid power project in Tamil Nadu. The agreements include a Share Purchase Agreement (SPA), Share Subscription and Shareholder’s Agreement (SSSHA), and a performance incentive agreement. As part of the deal, SPB will invest Rs 165.6 million to acquire a 26.1% equity stake in the…