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US ends Iraq’s sanctions waiver for Iranian electricity imports
The United States has ended a sanctions waiver that allowed Iraq to buy electricity from Iran, following President Donald Trump’s renewed “maximum pressure” policy on Tehran. The waiver, which expired on 8 March 2025, was initially introduced in 2018 after the US reimposed sanctions on Iran following its withdrawal from the nuclear deal. The US…
KERC concludes FY25 APR cycle with mixed true up outcomes across all licensees
The Karnataka Electricity Regulatory Commission (KERC) has concluded its Annual Performance Review (APR) for FY2024-25 across all electricity licensees in the state through a batch of orders dated April 17, 2026. The orders cover five electricity supply companies BESCOM, HESCOM, GESCOM, CESC, and MESCOM, along with the state transmission utility KPTCL, cooperative licensee HRECS, and…
Diamond Power secures Rs 2.17 billion contracts for Gujarat energy projects
Diamond Power Infrastructure Limited has received multiple Letters of Intent (LoIs) for transmission and cable supply projects in Gujarat. The company secured an LoI worth Rs 231.68 million for the 220 kV D/C Maglana – Pachham line (80.01 km) under the Gujarat Green Energy Corridor-II. The project, awarded by Gujarat Energy Transmission Corporation Limited (GETCO),…
NTPC Green and MAHAPREIT form JV for 10 GW renewable energy projects
NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, has signed a joint venture agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy (RE) projects in Maharashtra and other states. The joint venture aims to establish renewable energy parks and projects, aligning with NTPC’s goal of…
India rejects Baku Finance Goal at COP29, calls it inequitable
The COP29 summit in Baku, Azerbaijan, concluded with the adoption of the Baku Finance Goal (BFG), which commits developed nations to mobilize $300 billion annually by 2035 and aims for $1.3 trillion in long-term climate finance for developing countries. The agreement also finalized Article 6 negotiations, enabling high-integrity carbon markets expected to generate $1 trillion…
Premier Energies arm to acquire 26% stake in Hexa Energy BH Five
Premier Energies Global Environment Private Limited, a wholly owned subsidiary of Premier Energies Limited, has approved a strategic acquisition to secure captive renewable energy. The board, in a meeting held on May 4, 2026, cleared a Share Subscription and Shareholders’ Agreement to acquire a minimum 26% equity stake in Hexa Energy BH Five Private Limited….
