The Expert Appraisal Committee (EAC) of the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended grant of Terms of Reference (ToR) for four pumped storage projects (PSPs) in its recent meeting. The Kotpalli Pumped Storage Project will be developed by Chhattisgarh State Power Generation Company Limited (CSPGCL) with a capacity of 1,800 MW….
The National Committee on Transmission (NCT), in its latest meeting, recommended two interstate transmission system (ISTS) projects to the Ministry of Power (MoP) for final clearance. These projects will be implemented under the tariff based competitive bidding (TBCB) route. The first scheme is Inter-Regional Strengthening between SR Grid and ER Grid, with an estimated cost…
On May 9, 2025, six firms secured bids to develop 1,200 MW of Inter-State Transmission System (ISTS)-connected solar power projects along with 600 MW/2,400 MWh energy storage systems (ESS) anywhere in India. The tender was issued by SJVN in August 2024 under a build-own-operate (BOO) model. The winners and their awarded capacities are: SAEL Industries…
ACME Sikar Solar Private Limited, a subsidiary of ACME Solar Holdings, commissioned 52.5 MW under Phase-I of its 300 MW solar power project in Bikaner, Rajasthan, on May 9, 2025. The project, financed by Power Finance Corporation Limited (PFC), spans about 1,300 acres. Once fully operational, it is expected to generate 780 million units of…
The Ministry of Coal (MoC) has signed coal gasification plant development and production agreements (CGPDPA) with three entities under Category II of the coal gasification financial incentive scheme. The selected companies are Jindal Steel and Power Limited, New Era Cleantech Solution Private Limited, and Greta Energy and Metal Private Limited. Launched on January 24, 2024,…
The Central Electricity Regulatory Commission (CERC) has issued the draft Deviation Settlement Mechanism and Related Matters (Second Amendment) Regulations, 2025, proposing limited payments for infirm power injected by thermal generating stations before trial runs. Currently, under the DSM Regulations, 2024, no payments are made for infirm power unless scheduled after a successful trial run. Thermal…
REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in…
Adani Group has signed a memorandum of understanding (MoU) with Bhutan’s Druk Green Power Corporation (DGPC) to jointly develop 5 GW of hydropower capacity in Bhutan. This includes ongoing work on the 570/900 megawatt (MW) Wangchhu Hydropower Project. DGPC will hold a 51% majority stake in the projects, while Adani will hold the remaining 49%….
ArcelorMittal has begun delivering clean energy to AMNS India’s Hazira steel facility in Gujarat using its newly operational 1 GW wind-solar hybrid project in Andhra Pradesh. This renewable power now covers more than 20 per cent of the Hazira plant’s energy needs. The shift is projected to cut annual carbon emissions by 1.5 million tonnes….
Reliance Power Limited reported improved financial performance for the fourth quarter (Q4) and fiscal year ending March 31, 2025. In Q4 FY25, the company recorded total income of Rs 20.66 billion ($241 million) and EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 5.9 billion ($69 million). Profit after tax stood at Rs 1.26…