Global: TCL Solar and Grid Africa to deploy distributed energy in Zimbabwe and Zambia India: Six firms win bids for 1,200 MW ISTS solar and storage projects ACME commissions 52.5 MW under 300 MW solar project in Bikaner Coal Ministry signs coal gasification agreements with three firms CERC proposes payment for infirm power from thermal plants before trial run REC reports 12% rise in FY25 net profit to Rs 158.84 billion Adani and Bhutan’s DGPC…
TCL Solar has partnered with Grid Africa to develop 100 MW of distributed solar photovoltaic and battery storage systems across Zimbabwe and Zambia. The initiative will focus on enhancing energy access for critical sectors such as telecom, data centres, and commercial and industrial consumers. Grid Africa, a pan-African distributed energy developer, aims to deliver scalable and reliable energy solutions across the continent. The partnership targets rapid deployment by leveraging both countries’ existing transmission and distribution…
On May 9, 2025, six firms secured bids to develop 1,200 MW of Inter-State Transmission System (ISTS)-connected solar power projects along with 600 MW/2,400 MWh energy storage systems (ESS) anywhere in India. The tender was issued by SJVN in August 2024 under a build-own-operate (BOO) model. The winners and their awarded capacities are: SAEL Industries Limited: 150 MW solar + 75 MW/300 MWh ESS at Rs 3.32/kWh Sembcorp Green Infra Private Limited (SEIL subsidiary): 150…
ACME Sikar Solar Private Limited, a subsidiary of ACME Solar Holdings, commissioned 52.5 MW under Phase-I of its 300 MW solar power project in Bikaner, Rajasthan, on May 9, 2025. The project, financed by Power Finance Corporation Limited (PFC), spans about 1,300 acres. Once fully operational, it is expected to generate 780 million units of clean electricity annually. Power from the project will be sold on power exchanges at Rs 3.05 per kWh on a…
The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme. The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024, the scheme has a total outlay of Rs 85 billion. It aims to facilitate 100 million tonnes of coal gasification…
The Central Electricity Regulatory Commission (CERC) has issued the draft Deviation Settlement Mechanism and Related Matters (Second Amendment) Regulations, 2025, proposing limited payments for infirm power injected by thermal generating stations before trial runs. Currently, under the DSM Regulations, 2024, no payments are made for infirm power unless scheduled after a successful trial run. Thermal generators raised concerns about unrecovered fuel costs during mandatory testing. The Ministry of Power also called for a review of…
REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income increased by 27 per cent…
Adani Group has signed a memorandum of understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to jointly develop 5 GW of hydropower capacity in Bhutan. This includes ongoing work on the 570/900 megawatt (MW) Wangchhu Hydropower Project. DGPC will hold a 51% majority stake in the projects, while Adani will hold the remaining 49%. Under the agreement, Adani will manage power offtake and integrate the generated power with India’s commercial power markets. This move…
ArcelorMittal has begun delivering clean energy to AMNS India’s Hazira steel facility in Gujarat using its newly operational 1 GW wind-solar hybrid project in Andhra Pradesh. This renewable power now covers more than 20 per cent of the Hazira plant’s energy needs. The shift is projected to cut annual carbon emissions by 1.5 million tonnes. It aligns with AMNS India’s goal to lower its steel carbon intensity by 20 per cent by 2030, compared to…
Reliance Power Limited reported improved financial performance for the fourth quarter (Q4) and fiscal year ending March 31, 2025. In Q4 FY25, the company recorded total income of Rs 20.66 billion ($241 million) and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 5.9 billion ($69 million). Profit after tax stood at Rs 1.26 billion ($15 million). The company’s net worth rose to Rs 163.37 billion ($1.9 billion), while its debt-to-equity ratio improved significantly…