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Aboitiz Power to develop Philippines’ first hybrid BESS and geothermal system
AP Renewables Inc. (APRI) and Aboitiz Renewables Inc. (ARI), subsidiaries of Aboitiz Power Corporation, have partnered with Shandong Electric Power Engineering Consulting Institute Co. Ltd. (SDEPCI) for the Bay Battery Energy Storage System (BESS) Project in Barangay Bitin, Bay, Laguna, Philippines. The project will integrate a battery energy storage system with APRI’s Makban geothermal plant,…
Nomura projects 7% CAGR in India’s power demand through FY27
Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27. This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing…
Advait Energy secures Rs 51.62 crore DGVCL turnkey contract
Advait Energy Transitions Limited, formerly Advait Infratech Limited, has secured a turnkey contract worth Rs 51.62 crore from Dakshin Gujarat Vij Company Limited (DGVCL) for the supply, installation, testing and commissioning of 11kV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) with associated accessories. The order was received on July 6, 2026, and will be executed…
CIL forms JV with RRVUNL to develop renewable projects
CIL India Limited (CIL) has incorporated a new joint venture company, CIL Rajasthan Akshay Urja Limited, on June 12, 2025, to develop renewable energy projects in Rajasthan. The joint venture has been formed under a Joint Venture Agreement (JVA) signed between CIL and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL). The JV company will focus…
L&T Q4 profit dips 3.1% to Rs 5,326 crore; revenue up 11.3%
Larsen & Toubro Limited (L&T) reported a 3.1% year-on-year (YoY) decline in net profit for Q4 FY26 to Rs 5,326 crore, compared to Rs 5,497 crore in the corresponding quarter last year. Revenue rose 11.3% YoY to Rs 82,762.2 crore, while EBITDA increased 5% to Rs 8,611 crore. EBITDA margin declined to 10.4% from 11%…
Union Budget 2025-26: Rs 218.47 billion allocated to Power Ministry
The Union Government has allocated a total outlay of Rs 218.47 billion to the Ministry of Power (MoP) under the Union Budget for 2025-26, announced on February 1, 2025. The key allocations include: Rs 160.21 billion for the Revamped Distribution Sector Scheme (RDSS). Rs 8.5 billion for Strengthening of Power Systems, which includes Rs 3.04…
