Global: Ofgem approves £24bn plan to upgrade UK energy networks US Senate passes energy bill to phase out key renewables tax credits India: Adani Power in race for 2,400 MW Pirpainti project in Bihar MCX to launch monthly electricity futures from July 10 Bangladesh pays $437 million to Adani Power CEA and IIT Roorkee sign MoU for joint work on power sector research India plans battery electric truck shift to cut freight emissions Oswal Energies…
In a tight 51–50 vote, the US Senate has passed the One Big Beautiful Bill, with Vice President JD Vance casting the tie-breaking vote. The bill brings major shifts to the country’s renewable energy policy. The most significant change is an accelerated phase-out of tax credits for wind and solar projects. To qualify for production and investment tax credits, construction must begin before June 2026. Projects must be operational by the end of 2027. Tax…
Ofgem has cleared £24bn ($32bn) for upgrades to strengthen UK energy security and expand clean power. The investment is part of a broader £80bn plan to modernise the electricity grid and cut reliance on imported gas. £15bn will go to gas network safety. £8.9bn is for high-voltage electricity upgrades, with £1.3bn kept in reserve. Projects include 4400km of overhead line upgrades and 3500km of new circuits. Offshore investment will double compared to the last decade….
Adani Power Limited (APL) is among four firms competing for the 2,400 MW Pirpainti Thermal Power Project in Bhagalpur district, Bihar. The other companies that have expressed interest are JSW Energy Limited (JSWEL), Torrent Power Limited, and Lalitpur Power Generation Company Limited (LPGCL). Originally proposed with a capacity of 1,320 MW (2 × 660 MW), the project has now been revised to 2,400 MW, comprising three units of 800 MW each. The estimated project cost…
The Multi Commodity Exchange of India (MCX) will introduce monthly electricity futures contracts starting July 10, 2025. These contracts are designed to help market participants manage electricity price risks with better precision. The new instrument is called the “Electricity Futures (Monthly Base Load) Contract.” It will be cash-settled and traded in Rs per megawatt-hour (MWh). Each contract will cover 50 MWh and be available for all 12 months of the year, with up to four…
Bangladesh paid USD 437 million to Adani Power Limited in June 2025, clearing all outstanding dues associated with the 1,600 MW Godda plant in Jharkhand. This ends months of delayed payments and supply uncertainty. The settlement includes carrying costs and amounts under the power purchase agreement. Bangladesh also issued a sovereign guarantee and a Letter of Credit worth two months of billing, about USD 180 million. Following this, the Bangladesh Power Development Board (BPDB) directed…
On July 1, 2025, the Central Electricity Authority (CEA) and IIT Roorkee signed a Memorandum of Understanding (MoU) to work together on capacity building, research, and data sharing in the power sector. The MoU focuses on key areas: – Training CEA staff through IIT Roorkee’s online courses and short-term projects – Joint studies on decarbonization, energy efficiency, and just transition – Research on emerging technologies like green hydrogen, e-mobility, and battery recycling The MoU also…
On 1 July 2025, the Office of the Principal Scientific Adviser released a report on “ZET Adoption in India and Its Impact on Emission and Energy.” It focuses on transitioning Medium and Heavy-Duty Trucks (M&HDTs) to Battery Electric Trucks (BETs). Freight trucks handle 70% of India’s logistics and consume 40% of its fuel. The report says shifting to BETs can sharply reduce emissions and fuel demand by mid-century. It assumes BETs will lead the transition…
Oswal Energies Limited has kicked off its Rs 3.2 billion green hydrogen project with the delivery of the first 1 MW electrolyser stack. The equipment, supplied by Greenzo Energy India Limited, marks the start of a 20 MW project being developed under a build-operate-transfer model. The project targets the chemical and fertiliser sectors as end users. Oswal plans to commission plant capacities between 0.5 MW and 5 MW over the next 12 to 18 months….
KSB Limited has won a contract from Larsen & Toubro Limited (L&T) for supplying 15 sets of main boiler feed pumps along with booster pumps, motors, and accessories. The order, awarded on June 30, 2025, covers two major thermal power projects — Gadarwara Super Thermal Power Project Stage II and Nabinagar Coal-Based Thermal Power Project Stage II. For the Gadarwara project, Stage I comprised two 800 MW coal-based units and was commissioned in 2021 at…