India | News

RECPDCL establishes SPV for Lakadia substation capacity enhancement

By November 8, 2024November 8, 2024

Author: PPD Team Date: November 8, 2024

REC Power Development and Consultancy Limited (RECPDCL) has established Lakadia B Power Transmission Limited, a special purpose vehicle (SPV) aimed at augmenting the transformation capacity of the 765/400 kV Lakadia Substation in Gujarat.

RECPDCL has been designated as the bid process coordinator to select a transmission service provider for this project through a tariff-based competitive bidding process.

India | News

Reliance to invest Rs 100bn in Asia’s largest solar project
By January 17, 2025January 18, 2025

Author: PPD Team Date: January 17, 2025 Reliance NU Suntech, a subsidiary of Reliance Power, plans to invest Rs 100 billion ($1.16 billion) in a solar power plant with a battery energy storage system (BESS) in Kurnool, Andhra Pradesh. The project, set to be Asia’s largest solar and BESS initiative, will include a 930 MW solar energy facility and a 465 MW/1,860 megawatt-hours BESS, ensuring peak power supply for four hours daily. The project is…

Read More Reliance to invest Rs 100bn in Asia’s largest solar project
India | News

KERC eases rooftop solar installation rules for consumers with loads up to 10 kW
By December 9, 2024December 9, 2024

Author: PPD Team Date: December 9, 2024 The Karnataka Electricity Regulatory Commission (KERC) has simplified rooftop solar installation rules for consumers with sanctioned loads of up to 10 kW. The new guidelines allow a 10 per cent capacity tolerance for direct current (DC) systems, ensuring that the alternating current (AC) capacity of the inverter does not exceed the sanctioned load. Consumers with lower sanctioned loads can now install systems up to 10 kW, with automatic…

Read More KERC eases rooftop solar installation rules for consumers with loads up to 10 kW
India | News

India plans financial aid for struggling state power utilities
By February 26, 2025February 25, 2025

Author: PPD Team Date: February 26, 2025 India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial panel has been set up to determine which states require urgent funding, develop a fiscal discipline framework to prevent further debt accumulation, and explore ways to attract private investment. If approved, this would be…

Read More India plans financial aid for struggling state power utilities
India | News | Policy & Programmes

CTU notifies indicative capital costs for dedicated transmission systems
By December 23, 2025December 23, 2025

Author: PPD Team Date: December 23, 2025 The Central Transmission Utility (CTU) has notified the indicative capital cost for various configurations of dedicated transmission systems. The document, titled Indicative Capital Cost of Dedicated Transmission Systems, provides standard reference costs for dedicated transmission lines and reactive power equipment to support planning and cost sharing among developers, lenders, and utilities. The CTU has clarified that these are indicative benchmarks and not fixed tariffs, and that Right of…

Read More CTU notifies indicative capital costs for dedicated transmission systems
India | News

SWELECT Energy to raise Rs 1.38 billion through NCDs
By December 20, 2024December 21, 2024

Author: PPD Team Date: December 20, 2024 SWELECT Energy Systems has announced plans to raise Rs 1.38 billion through the issuance of 1,385 non-convertible debentures (NCDs) with a face value of Rs 1 million each via private placement. These secured, unlisted, rated, redeemable, non-cumulative, taxable NCDs will carry a 12.5-year tenure and an average interest rate of 9.5%. The funds raised will be used to strengthen the company’s financial position. The company’s board also approved…

Read More SWELECT Energy to raise Rs 1.38 billion through NCDs
India | Leadership | News

PFC promotes Deepak Jain as Executive Director
By January 20, 2026January 20, 2026

Author: PPD Team Date: January 20, 2026 Power Finance Corporation Limited (PFC) has promoted Deepak Jain to the post of Executive Director, effective January 16, 2026, according to a stock exchange filing. Jain was previously serving as Chief General Manager at PFC and has over 26 years of experience with the power sector lender. His work has covered project financing, deal structuring, policy formulation, resolution of stressed assets, and resource mobilisation. He holds a bachelor’s…

Read More PFC promotes Deepak Jain as Executive Director

Similar Posts

Leave a Reply Cancel reply