India: IREDA raises Rs 2,005 crore via QIP CPCB issues draft solar waste guidelines under e-waste rules ACME commissions 75 MW solar in Bikaner Orient Green approves EPC contract for 7 MW solar in Tamil Nadu K.P. Energy gets CTUIL approval for 100 MW wind power transmission Hitachi Energy wins Rs 6.47 billion 765 kV transformers order REC PDCL transfers Talegaon transmission SPV to Adani Consultancy wins and L1s announced for pumped storage and hydro…
Since 2016–17, India has transitioned from being a net importer to a net exporter of electricity. Yet, the sector remains weighed down by long-term power purchase agreements (PPAs). These PPAs offer stability but also limit flexibility. This article integrates insights from NSE’s Concept Paper on Electricity Derivatives and MCX’s Price Risk Management in the Indian Power Market, alongside details on MCX’s trading framework, to provide a comprehensive analysis of how derivatives are transforming India’s…
The Central Electricity Authority (CEA) has identified 29 high-priority power sector components currently imported from countries such as China, Germany, and South Korea. The CEA is now inviting public feedback to develop a roadmap for domestic manufacturing of these items. This move is part of efforts to reduce India’s dependency on foreign suppliers and build local capacity in core energy infrastructure technologies. What is being imported and why The list includes complex components like Gas…
The National Stock Exchange (NSE) has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch monthly electricity futures contracts. This marks a key step in expanding India’s power market offerings. NSE is now the second exchange, after the Multi Commodity Exchange (MCX), to gain SEBI’s nod for electricity derivatives. The futures contracts will help market participants hedge against price fluctuations in the power sector. The move is expected to strengthen…
The Ministry of Power has released draft amendments to Rule 18 of the Electricity Rules, 2005 clarifying how Energy Storage Systems (ESS) can be used in India’s power sector. The draft gives developers, utilities, and consumers more flexibility. ESS will be allowed to function either on their own or as part of generation, transmission, or distribution systems. Developers or owners—whether they are generating companies, licensees, consumers, or independent providers—can sell, lease, or rent out storage…
PFC Consulting Limited (PFCCL) has invited Request for Proposal (RfP) bids for selection of a transmission service provider (TSP) through tariff based competitive bidding (TBCB) process on build, own, operate, and transfer (BOOT) basis for the “Network Expansion scheme in Maharashtra for Evacuation of RE Power from Dharashiv, Beed District in Maharashtra.” The last date for submission of bids is August 1, 2025. PFCCL has been appointed as the bid process coordinator (BPC). The scheme…
Multiple consultancy contracts and L1 positions have been awarded across pumped storage and hydroelectric projects in India. Aarvee Associates Architects Engineers & Consultants Private Limited has secured a contract worth Rs 79.66 million. The firm will prepare the detailed project report (DPR) for the 1,000 MW Humbarli Birmani Pumped Storage Project. THDC India Limited had invited bids in April 2025. The project is located in Satara and Ratnagiri districts of Maharashtra and the work is…
REC Power Distribution Company Limited (REC PDCL) has transferred WRNES Talegaon Power Transmission Limited, a special purpose vehicle (SPV), to Adani Energy Solutions Limited (AESL). The SPV will implement the Western Region Network Expansion Scheme to support pumped storage potential near Talegaon, Pune. REC PDCL invited Request for Proposal (RFP) bids in October 2024 and acted as the bid process coordinator (BPC) for selecting a transmission service provider through tariff-based competitive bidding (TBCB). AESL won…
Hitachi Energy India Limited has secured a contract worth Rs 6,470.27 million from Power Grid Corporation of India Limited (PGCIL) for the supply of high-voltage transformers. The contract, awarded on June 10, 2025, covers the 765 kV Transformer Package 7TR-13-BULK. It includes 30 units of 500 MVA, 765/400 kV single-phase transformers. This forms part of Lot 4 under PGCIL’s bulk procurement plan for 765 kV and 400 kV class transformers and reactors of various capacities….
K.P. Energy Limited has received in-principle connectivity approval from the Central Transmission Utility of India Limited (CTUIL) for its 100 MW wind power project in Gujarat. The transmission system will enable power evacuation from the project site to the 400 kV Jam Khambhaliya substation. It includes a dedicated 400 kV single-circuit (S/C) transmission line from K.P. Energy’s project site to Jam Khambhaliya Power Station. This approval marks a key step in the development of the…