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MoP releases Draft Electricity (Amendment) Bill 2025
The Ministry of Power (MoP) has circulated the Draft Electricity (Amendment) Bill, 2025, proposing major changes to the Electricity Act, 2003. The key objective is to enforce cost-reflective tariffs, aiming to strengthen the financial health of the power sector, particularly distribution utilities. The proposed amendments aim to address financial losses in the distribution sector, estimated…
Vikram Solar reports strong Q3 FY26 performance
Vikram Solar Limited announced its unaudited financial results for the quarter and nine months ended 31 December 2025 following a board meeting held on 20 January 2026. The company reported strong year on year growth in revenue, profitability, and operating performance. Revenue from operations for Q3 FY26 stood at Rs 1,106 crore, up 8% compared…
HiTHIUM completes open-door fire test of 6.25MWh LDES system
HiTHIUM has completed what it described as the world’s first open-door, large-scale fire test of a 6.25MWh long-duration energy storage (LDES) system, validating safety performance under extreme conditions. The test was conducted under the supervision of UL Solutions and U.S. Authorities Having Jurisdiction, and was carried out in compliance with the latest UL and National…
THDCIL commissions India’s first variable speed pumped storage unit
THDC India Limited (THDCIL) has commenced commercial operation of the first unit (250 MW) of the 1,000 MW Tehri Variable Speed Pumped Storage Plant (PSP) in Uttarakhand. This marks India’s first variable speed PSP and the largest such project undertaken by a Central Public Sector Enterprise (CPSE). The plant comprises four reversible pump turbine units…
Karnataka High Court stays key CERC DSM 2024 provisions
The High Court of Karnataka has granted interim relief to renewable energy generators by staying the operation of two provisions of the Central Electricity Regulatory Commission (CERC) Deviation Settlement Mechanism and Related Matters (DSM) Regulations, 2024. The stayed provisions relate to changes in the deviation charge formula, tighter deviation bands, and enhanced penalties that came…
Over 55 governments back framework to expand pumped storage hydropower
A new framework to accelerate pumped storage hydropower has received support from more than 55 governments and international organisations. The move aims to strengthen clean energy systems globally. The Global Alliance for Pumped Storage (GAPS), which was created at COP29 in Baku, confirmed the adoption of its governing Principles at the International Forum on Pumped…
