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PFC completes transfer of two transmission SPVs to winning bidders
Power Finance Corporation Limited (PFC) has completed the transfer of two wholly owned subsidiaries held through its subsidiary, PFC Consulting Limited, to successful bidders. The transfers were finalised on February 3, 2026, following completion of the bidding process. PFC stated that the transactions were conducted at arm’s length and are not related to any promoter…
Peer-to-peer electricity trading to be piloted under India Energy Stack
The government is preparing a pilot framework for peer-to-peer electricity trading under the India Energy Stack, as reported by ET EnergyWorld. Under the proposed model, electricity exchanges would take place between verified participants, while billing and financial settlement would continue to be routed through distribution companies. From a regulatory perspective, discoms remain central to grid…
Iraq signs MoUs with US firms for 24 GW power and 3 GW solar projects
Iraq has signed three memoranda of understanding (MoUs) with US entities to develop large-scale energy projects for reducing dependence on Iranian imports and diversifying its power sources. The Iraqi prime minister’s media office announced the agreements as part of the country’s broader energy strategy. Under the first MoU, GE Vernova will develop combined-cycle gas power…
Waaree Energies posts record Q3 FY26 results
Waaree Energies Limited has reported record quarterly financial results for Q3 FY26, with standalone revenue and profit more than doubling year-on-year. For the quarter ended 31 December 2025, the company reported standalone revenue from operations of Rs 7,565.05 crores, up 118.81% compared to the same period last year. Standalone Profit After Tax (PAT) increased 118.35%…
Matel partners with Honda Power for EV battery-swapping solutions
Matel Motion & Energy Solutions Private Limited has partnered with Honda Power Pack Energy India Private Limited (HEID) to integrate its ePowertrain with HEID’s swappable battery system. This collaboration aims to provide electric vehicle (EV) manufacturers with efficient and adaptable battery-swapping solutions, addressing key challenges in EV adoption. Under the partnership, Matel will customize its…
MoP proposes amendments to EV charging infrastructure guidelines
The Ministry of Power (MoP) has released a draft amendment to the Guidelines for Installation and Operation of Electric Vehicle Charging Infrastructure-2024. The draft outlines the framework for establishing EV charging infrastructure, including networks of charging stations equipped to meet diverse EV charging needs. The proposed guidelines define EV charging infrastructure as comprising various components…
