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UGVCL issues uniform method for banking charge and setoff calculations
Uttar Gujarat Vij Company Limited (UGVCL) has directed all circle offices to follow a uniform method for calculating banking charges and energy setoff for captive and third-party sale solar projects. The instruction defines a fixed calculation sequence for net payable units and includes an illustrative example to guide implementation. The directive states that the methodology…
Corporate buyers drive US clean energy growth, report finds
Corporate purchasers are increasingly driving renewable energy development in the US, according to a report commissioned by the Clean Energy Buyers Association (CEBA). The study found that without voluntary commitments from companies to buy renewable power, many projects would face financing hurdles, limiting the ability to meet growing electricity demand. Virtual power purchase agreements (VPPAs),…
India | Generation | NewsNTPC group capacity rises to 89,378 MW with Tehri PSP Unit 4 COD
NTPC Limited has announced that its subsidiary, THDC India Limited, has declared the commercial operation date (COD) of the fourth 250 MW unit of the Tehri Pumped Storage Plant (PSP), effective 00:00 hours on April 12, 2026, taking the NTPC group’s total installed capacity to 89,378 MW. In a regulatory filing dated April 11, 2026,…
TPG to acquire majority stake in Siemens Gamesa’s wind business in India
TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. The investment will be made through TPG Rise Climate, the firm’s climate-focused investing platform. This deal marks the first investment under TPG’s Global South Initiative, a private equity…
GE Vernova, L&T and Bondada report strong Q3 FY26 performance
GE Vernova T&D India Limited, Larsen and Toubro Limited (L&T), and Bondada Engineering Limited reported strong quarterly financial and order book performance, supported by higher order inflows, improved execution and margin expansion across power and infrastructure segments. GE Vernova T&D India reported a 58% year on year increase in revenue to Rs 17.0 billion, while…
Alfa Transformers secures Rs 8.15 crore TPWODL contract
Alfa Transformers Limited has secured a rate contract worth Rs 8.15 crore from TP Western Odisha Distribution Limited (TPWODL), a joint venture between Tata Power and the Government of Odisha, for the supply of distribution transformers of multiple capacities. According to the company’s regulatory filing, the contract was awarded on May 8, 2026, and will…
