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Renewable energy projects awarded via TBCB qualify as PPP projects, SEBI clarifies
The Securities and Exchange Board of India (SEBI) has clarified that renewable energy projects awarded through tariff-based competitive bidding (TBCB) or other open competitive bidding mechanisms to special purpose vehicles (SPVs) of infrastructure investment trusts (InvITs) will be treated as Public-Private Partnership (PPP) projects under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The clarification was…
BHEL wins Rs 62 bn contract for Raghunathpur thermal power plant
Bharat Heavy Electricals Ltd (BHEL) has received a letter of intent (LoI) from Damodar Valley Corporation (DVC) for a Rs 62 billion contract related to the steam generator island package for DVC’s 2×660-MW Raghunathpur thermal power station (Phase-II) in Purulia district, West Bengal. The contract was awarded through an international competitive bidding process and includes…
NTPC Q2 FY 2025 net profit rises 14% to Rs 53.8 billion, revenue slightly declines
State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period last year. Revenue from operations in the September quarter stood at Rs 446.96 billion, a slight decline from Rs 449.83 billion…
NHPC delays commissioning of Karnisar solar project to September
NHPC Limited has revised the timeline for completing its 300 MW Karnisar solar power project in Rajasthan. The remaining capacity is now expected to be commissioned by September 30, 2025, instead of the earlier target of August 31. As of now, 214.28 MW of the project has been commissioned. In July, NHPC also began commercial…
Lhyfe and Masdar to develop green hydrogen projects in Europe
Lhyfe and Masdar have signed a Memorandum of Understanding (MoU) to explore the co-development of large-scale green hydrogen production projects in Europe. This partnership will identify collaboration and investment opportunities across the green hydrogen value chain, combining the strengths of both companies to drive innovation and growth in the sector. In October 2024, Lhyfe also…
Jupiter International commissions 1 GW solar cell unit at Baddi
Jupiter International Ltd has commissioned a 1 GW mono-PERC solar cell manufacturing unit in Baddi, Himachal Pradesh, increasing its total installed solar cell capacity to approximately 2 GW. The new facility, set up by its wholly owned subsidiary Jupiter Solartech Pvt Ltd, is located in Village Katha in Solan district. It is the company’s third…
