Power Sector News Roundup for June 11, 2025

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Global: AI giants see 150% rise in emissions amid data centre energy surge India: IndiGrid to acquire ReNew solar and transmission assets RSTL and Onix form JV for 225 MW decentralised solar in Maharashtra U-Solar commissions solar project in Karnataka, plans 50 MW expansion L&T secures transmission orders in India and Middle East PGCIL launches national network system project REC board approves Rs 1.55 trillion bond plan, to strike off Rajgarh III SPV Centre launches…

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AI giants see 150% rise in emissions amid data centre energy surge

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Operational emissions from leading AI-focused tech companies have surged, according to a new report by the World Benchmarking Alliance (WBA) and the International Telecommunication Union (ITU). From 2020 to 2023, emissions rose by an average of 150%, driven by the high energy needs of data centres. Amazon recorded the steepest rise, with operational emissions increasing by 182%. Microsoft followed with a 155% jump, while Meta and Alphabet saw emissions grow by 145% and 138% respectively….

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IndiGrid to acquire ReNew solar and transmission assets

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IndiGrid has signed definitive agreements to acquire two operational infrastructure assets from ReNew Power in separate transactions. The combined enterprise value of the deals stands at approximately Rs 21.75 billion, including net working capital and cash adjustments. The first acquisition is a 300 MW AC solar power project located in Barmer, Rajasthan. The project—ReNew Solar Aayan Private Limited—was commissioned in March 2024 under SECI Tranche-IX. It operates under a 25-year power purchase agreement (PPA) with…

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RSTL and Onix form JV for decentralised solar in Maharashtra

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Rama Steel Tubes Ltd (RSTL) has entered a joint venture with Onix Renewable Ltd to establish 225 MW decentralised solar power projects across Maharashtra under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The new entity, Onix IPP, will execute the projects. Onix holds a 90 percent stake in the JV, while RSTL owns 10 percent. Onix Renewable received a Letter of Award (LoA) in September 2024 to develop the projects at a tariff of…

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U-Solar commissions solar project in Karnataka, plans expansion

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U-Solar Clean Energy Private Limited has commissioned a 20 MWp solar power plant under Phase-I at Ramasamundra village in Yadgir district, Karnataka. The company also plans to develop an additional 50 MW solar project at the same site as part of Phase-II. Electricity generated from both phases will be used to power co-working spaces across India, supporting clean energy adoption in commercial real estate.

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L&T secures transmission orders in India and Middle East

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Larsen & Toubro’s Power Transmission & Distribution (PT&D) business has won grid infrastructure orders in both domestic and international markets. In India, L&T has been awarded a contract to construct 765kV and 400kV transmission lines in Andhra Pradesh. These lines are critical for integrating a renewable energy zone (REZ) into the national grid. Internationally, the company has secured turnkey orders for 220kV and 132kV gas-insulated substations in the Middle East. These contracts come from major…

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PGCIL launches national network system project

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Power Grid Corporation of India Ltd (PGCIL) has cleared a Rs 131.68 crore project titled Establishment of State-of-the-Art National Unified Network Management System (N-UNMS). This will integrate all regional network management systems into a unified national platform. The decision was taken by PGCIL’s Committee of Directors on Investment on Projects during its June 10, 2025 meeting. The project is being executed under the RTM framework, with formal allocation from Central Transmission Utility of India Ltd…

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REC board approves Rs 1.55 trillion bond plan, to strike off Rajgarh III SPV

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REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches, with clearances from the competent authority. Second, REC has proposed striking off “Rajgarh III Power Transmission Ltd,” a wholly owned…

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Centre launches Rs 5400 crore VGF scheme for 30 GWh battery storage

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The Ministry of Power has approved a Viability Gap Funding (VGF) scheme to support 30 GWh of Battery Energy Storage Systems (BESS) across India. Funded by the Power System Development Fund (PSDF), the scheme allocates Rs 5400 crore to help stabilise the grid and integrate renewable power. The VGF scheme will support BESS rollout in 15 states and through NTPC. Rajasthan, Gujarat, and Maharashtra will each get 4000 MWh of capacity. Tamil Nadu, Karnataka, and…

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KEC International wins Rs 22.11 billion in new orders

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KEC International Limited has secured new orders worth Rs 22.11 billion across its transmission and distribution (T&D), oil and gas pipelines, and cables segments. In the T&D business, the company received orders for 380 kV overhead transmission lines in Saudi Arabia. It also won orders for supplying towers, hardware, and poles in the Americas. In the cables segment, KEC secured orders for supplying various types of cables in both domestic and international markets.