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Tata Power’s board approves Rs 56.66 bn to set up 1,000 MW PSP
Tata Power‘s board has approved an investment of Rs 56.66 billion to develop a 1,000 MW pumped storage hydro project in Bhivpuri, Maharashtra. The project is slated for completion over 44 months, with financing structured as 75% debt and 25% equity. This initiative will enhance Tata Power’s existing capacity of 15.2 GW. Pumped storage hydro…
ACME Solar signs 450 MW FDRE power purchase agreements with SJVN
ACME Solar Holdings Limited (ASHL) has signed two Power Purchase Agreements (PPAs) through its subsidiary, ACME Greentech Seventh Private Limited, with SJVN Limited for a total capacity of 450 MW / 1,800 MWh. The agreements were executed on March 2, 2026, and will remain valid for 25 years. The PPAs arise from the Tranche-FDRE-4 tender…
Ormat Technologies to build 101MW geothermal plant in New Zealand
Ormat Technologies has signed a $200 million engineering, procurement, and construction (EPC) contract with Contact Energy for the development of the 101 MW Te Mihi Stage 2 geothermal power plant in New Zealand. Scheduled for completion by mid-2027, this project will contribute to New Zealand’s renewable energy goals by gradually replacing the 1950s-built Wairakei geothermal…
CESC launches Rs 2.26 billion upgrade to fix power issues in Kodagu
CESC Limited has launched a Rs 2.26 billion infrastructure upgrade project to improve the electricity supply in Kodagu district, Karnataka. The focus is on addressing long-standing power reliability issues, especially in forested and hilly areas. The project involves repairs to 536 km of distribution lines and system strengthening across five subdivisions: Madikeri, Kushalnagar, Somwarpet, Gonikoppa,…
PSERC order cuts tariff for DEE Development’s biomass plant
The Punjab State Electricity Regulatory Commission (PSERC) has approved revised tariffs for DEE Development Engineers Limited’s 8 MW biomass power project in Fazilka district, Punjab. The order, dated August 20, 2025, follows a review petition filed after the expiry of the project’s initial 13-year tariff period under its power purchase agreement with Punjab State Power…
PFCCL issues RFP for Satara pumped storage transmission scheme
PFC Consulting Limited (PFCCL) has floated a Request for Proposal (RFP) for the selection of a Transmission Service Provider (TSP) to develop the “Network Expansion Scheme in Western Region to cater to pumped storage potential near Satara (up to 4500 MW) – Part A” under the Inter-State Transmission System (ISTS). The project will be implemented…
