Power Finance Corporation Limited (PFC) reported a net profit of Rs 72.15 billion for the quarter ending September 2024, an 8.86 per cent increase from Rs 66.28 billion in the same quarter last year.Â
The company’s total income also rose by 15.04 per cent, reaching Rs 257.55 billion compared to Rs 223.87 billion in the previous year’s corresponding period.
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh. Spanning 1,635.63 acres, the project was secured through a competitive bidding process and features a combination of single-axis trackers and bi-facial modules to enhance system efficiency by over 15%. The project is…
The Asian Infrastructure Investment Bank (AIIB) will provide $52m in sovereign-backed financing to Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, aimed at strengthening renewable energy integration and grid stability in the Greater Colombo area. The project covers the end-to-end delivery of a 220kV single-circuit underground cable system, including design, procurement, construction,…
Powertrac Group has signed power purchase agreements (PPAs) with Paschim Gujarat Vij Company Ltd (PGVCL) for the development of 480 MW of ground-mounted solar projects under Gujarat’s Distributed Renewable Energy Bilateral Purchase scheme. The company said the projects will require an estimated investment of Rs 2,155 crore and will supply power at a tariff of…
The Ministry of Power (MoP) has notified a revised renewable consumption obligation (RCO) framework under the Electricity (Amendment) Rules, 2025. The new rules unify state-level renewable purchase obligations (RPOs) under a single national compliance mechanism framed through the Energy Conservation Act, 2001. The framework applies to distribution licensees, open access consumers, and captive users. It…
PFC Consulting Limited (PFCCL) has issued a tender for the appointment of a technical consultant for surveying and preparing a report for the Inter-Regional Strengthening between Southern Region (SR) Grid and Eastern Region (ER) Grid. The bid invitation was released on May 13, 2025. The deadline for submission is May 20, 2025. PFCCL has been…
The Australian government has introduced a National Renewable Energy Priority List to expedite approvals for key renewable energy generation, storage, and transmission projects. The initiative, led by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), aims to streamline regulatory processes while ensuring environmental compliance under the Environment Protection and Biodiversity Conservation (EPBC)…