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CERC changes power trading rules to make prices more transparent
The Central Electricity Regulatory Commission (CERC) has issued new rules to improve electricity trading in India. The changes aim to make prices clearer, reduce confusion, and encourage more participation. The new rules apply to short-term power contracts: Term Ahead Market (TAM), Day-Ahead Contingency (DAC), Intra-Day, and Any-Day Single-Sided (ADSS). In the TAM segment, power exchanges…
Refex Renewables subsidiary partners with LC Infra for solar project
Sherisha Rooftop Solar SPV Four Private Limited, a step-down subsidiary of Refex Renewables & Infrastructure Limited, has partnered with LC Infra Projects Private Limited to form LC Infra Solar LLP. The LLP will develop a 150 MW solar power project awarded by Maharashtra State Power Generation Limited. LC Infra Solar LLP has been established with…
Centre launches Rs 5400 crore VGF scheme for 30 GWh battery storage
The Ministry of Power has approved a Viability Gap Funding (VGF) scheme to support 30 GWh of Battery Energy Storage Systems (BESS) across India. Funded by the Power System Development Fund (PSDF), the scheme allocates Rs 5400 crore to help stabilise the grid and integrate renewable power. The VGF scheme will support BESS rollout in…
Tata Power partners with IndusInd Bank to finance solar installations for MSEs
Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million. This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public…
Solex Energy reports 194% revenue growth
Solex Energy Limited reported robust financial performance in H1 FY2024-25, with total income surging 194% to Rs 2.731 billion, up from Rs 930 million in H1 FY24. EBITDA increased 168% to Rs 253.7 million, and net worth expanded 244% to Rs 1.317 billion, while Return on Equity (ROE) improved to 29.41%, compared to 3.84% in…
Sri Lanka to renegotiate wind PPA with Adani Green Energy
The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, to reduce the cost to below $0.06 per unit, according to the Press Trust of India (PTI). The previous government had signed a 20-year PPA for the project at 8.2 US…
