Power Sector News Roundup for May 19, 2025

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Global:● Terna and IPTO agree to develop second Italy–Greece power link● Singapore commits $500 million to clean energy in Asia India:● Consultancy contracts awarded across thermal, hydro, and solar projects● Toshiba and Advait win Powergrid contracts worth over Rs 14 billion● KPIL posts record revenue and profit in FY25, wins Rs 23.72 billion in new orders● MNRE clarifies ALMM norms for solar cells, defines rules for PID variants● L&T Energy to build 10 KTPA green…

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Afcones Infratech wins GCP survey contract for three hydro projects in Arunachal

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Afcones Infratech Private Limited has secured a contract worth Rs 0.82 million for survey-related work for three hydroelectric projects in Arunachal Pradesh. The contract involves establishing ground control points (GCPs), connecting the GCP network, and validating the topographical survey with a contour plan map using Universal Transverse Mercator (UTM) coordinates. The three projects are the 420 MW Amulin Hydro Electric Project, the 500 MW Emini Hydro Power Project, and the 400 MW Mihundon Hydro Electric…

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IndiGrid and JSW Energy report profit growth in FY 2024-25

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IndiGrid Infrastructure Trust and JSW Energy Limited have reported solid financial results for the year ending March 31, 2025. IndiGrid posted a net profit of Rs 4.11 billion, marking a 38.85 per cent increase from Rs 2.96 billion in the previous year. Its total income rose by 15.1 per cent to Rs 34.38 billion. In the fourth quarter, consolidated revenue reached Rs 8.743 billion, up 11.3 per cent year-on-year. For the full year, consolidated revenue…

Regulatory Developments in Power Trading Sector: May 19, 2025

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  CERC grants Category V trading licence to Visan Infrastructure The Central Electricity Regulatory Commission (CERC) has approved a Category V interstate electricity trading licence for Visan Infrastructure Private Limited (VIPL), allowing it to trade electricity across India. The order follows VIPL’s compliance with regulatory norms on financial capacity and technical expertise. Under the Trading Licence Regulations, 2020, Category V licensees require a net worth of Rs 20 million and a liquidity ratio of at…

Regulatory Developments in Power Transmission Sector: May 19, 2025

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  TNERC issues draft 2025 Grid Code  The Tamil Nadu Electricity Regulatory Commission (TNERC) has released the draft Tamil Nadu Electricity Grid Code, 2025 (TNEGC), repealing the 2005 version. The draft aims to align grid operations with the Indian Electricity Grid Code (IEGC), 2023, and invites public comments until June 11, 2025. The Code will apply to all users of the intra-state transmission system, including the State Load Despatch Centre (SLDC), State Transmission Utility (STU),…

Regulatory Developments in Power Generation Sector: May 19, 2025

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  APTEL recognises fly ash and coal charge hikes as Change in Law The Appellate Tribunal for Electricity (APTEL) has overturned the Maharashtra Electricity Regulatory Commission’s (MERC) order, declaring additional fly ash transport costs and revised coal charges as “Change in Law” (CIL) events under Power Purchase Agreements (PPAs) between RattanIndia Power Limited and Maharashtra State Electricity Distribution Company (MSEDCL). The case involved three claims. First, APTEL ruled that the Ministry of Environment’s 2016 and…

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VFlowTech raises $20.5 million to expand battery storage in India

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Singapore-based VFlowTech has secured $20.5 million to scale its long-duration energy storage business in India. The funding round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and several existing investors including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The company plans to use the capital to deploy more vanadium redox flow batteries (VRFB) and upgrade its 100 MWh battery manufacturing facility in…

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Singapore commits $500 million to clean energy in Asia

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The Government of Singapore has announced a $500 million investment under its FAST-P (Financing Asia’s Transition Partnership) program to support clean energy deployment and industrial decarbonisation across Asia. Launched in 2023, FAST-P aims to lower investment risks in energy transition projects by providing catalytic capital that matches private sector funds on a 1:1 basis. The goal is to mobilise a total of $5 billion using blended finance. The funding will focus on renewable energy, electric…

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Terna and IPTO agree to develop second Italy–Greece power link

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Terna, Italy’s national grid operator, and IPTO (Independent Power Transmission Operator), the Greek transmission system operator, have signed a memorandum of understanding (MoU) to develop a new high-voltage electricity interconnection named GRITA 2. The agreement, set for three years, outlines a joint governance framework for planning and coordination. It also sets the stage for future agreements related to cable and converter station procurement. The GRITA 2 project will be a high-voltage direct current (HVDC) link…