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TERC approves FY 2026-27 tariff with phased recovery of revenue gaps
The Tripura Electricity Regulatory Commission (TERC) has approved electricity tariffs for FY 2026-27, adopting a phased approach for recovery of past revenue gaps while avoiding the imposition of a separate regulatory surcharge. The order follows examination of the Aggregate Revenue Requirement (ARR) and tariff petitions filed by Tripura State Electricity Corporation Limited (TSECL). The Commission’s…
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…
Keppel gains full control of Cleantech Solar, eyes $400 million sale
Singapore-based Keppel Ltd has acquired Shell Plc’s 49% stake in Cleantech Solar for around USD200 million, giving it full ownership of the company. Keppel previously held a 51% stake in the company and is reportedly planning to sell Cleantech Solar in a deal that could be valued at approximately USD400 million. Cleantech Solar, through its…
MoP sets June 2025 deadline for awarding BESS contracts under VGF programme
The Ministry of Power (MoP) has directed all states and implementing agencies to finalise the awarding of battery energy storage system (BESS) contracts by June 2025. This move aims to ensure the completion of the viability gap funding (VGF) programme by May 2027. Once contracts are awarded, the programme will require 18 to 24 months…
IndiGrid commissions India’s first regulated utility-scale BESS project
IndiGrid has commissioned India’s first regulated utility-scale standalone Battery Energy Storage System (BESS) project with a capacity of 20 MW/40 MWh. The project is located in Delhi and operated by Kilokari BESS Pvt Ltd (KBPL). This marks IndiGrid’s first commercial battery storage project and a significant step in India’s push for cleaner, more resilient power…
Waaree Energies sets up 10 project specific subsidiaries
In a regulatory filing dated 23 December 2025, Waaree Energies Limited stated that its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEPL), had received certificates of incorporation for ten new step-down subsidiaries. The entities have been set up as Independent Power Producers (IPPs) to hold specific power projects under the IPP framework. The subsidiaries,…
