Power Grid Corporation of India Limited (POWERGRID) has released the half-yearly report for its Infrastructure Investment Trust, POWERGRID Infrastructure Investment Trust (PGInvIT). PGInvIT recorded a consolidated income of Rs 6,557.15 million for H1 FY2024-25, reflecting strong revenue generation. Net distributable cash flows reached Rs 5,228.20 million, with total distributions of Rs 5,460 million to unitholders….
The Central Electricity Authority (CEA) has released new draft guidelines on the periodicity of type tests for major equipment across the power value chain. A key proposal is to exempt transformers from repeating short-circuit tests solely due to changes in bushing or on-load tap changers (OLTC), provided these components have equal or superior ratings and…
Sterlite Power has teamed up with Infravision to modernize India’s power transmission infrastructure using advanced, technology-driven construction methods. India’s plan to build 50,000 ckm of transmission lines by 2030 underscores the need for efficient, scalable solutions, and Sterlite Power aims to be a key player in this transformation. Through this partnership, Infravision will provide its…
Torrent Power has reported a reduction in transmission and distribution (T&D) losses across most of its licensed and franchised distribution areas for the first half (April to September) of FY25. In the Ahmedabad/Gandhinagar licensed area, T&D losses dropped from 6.30% in H1 FY24 to 4.50% in H1 FY25. Similarly, losses in the Dadra Nagar Haveli…
Equinix, Inc. has entered into its first power purchase agreement (PPA) in India with CleanMax to develop a 33 MW captive power plant in Maharashtra. The facility will comprise 26.4 MWp of solar and 6.6 MW of wind capacity, with phased operations commencing in 2025. This initiative aligns with Equinix’s sustainability strategy, aiming to meet…
IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have established EnerGrid, a $300 million platform focused on greenfield transmission and standalone battery energy storage system (BESS) projects in India. Each partner will invest $100 million, with EnerGrid aiming to develop projects valued at approximately $1.2 billion over the next…
Coal India Limited (CIL) has reported a net profit of Rs 62.75 billion for the quarter ending September 2024, marking a 22.04% decrease from Rs 80.49 billion in the same quarter last year. The company’s total income for the quarter stood at Rs 321.78 billion, down approximately 7.43% from Rs 347.60 billion in the corresponding…
Power Minister Manohar Lal Khattar has encouraged states to identify viable sites for nuclear power plants, especially in areas far from coal sources. The government has already shortlisted 18 locations across the country for new nuclear capacity, aiming to increase nuclear power from 8 GW to 20 GW by 2032. The Minister advised states to…
The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The…
Tata Power Renewable Energy Limited (TPREL) has commissioned a 126 MW Omkareshwar floating solar project in the Khandwa district of Madhya Pradesh. The Rs 5.96 billion engineering, procurement, and construction (EPC) project was awarded by NHDC Limited and will supply power to the Madhya Pradesh Power Transmission Company Limited (MPPTCL). Completed within 26 months, this…