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NHPC approves Rs 8,000 crore borrowing plan for FY27
The board of NHPC Ltd has approved a plan to raise up to Rs 8,000 crore during the financial year 2026-27 (FY27). The funds will be mobilised through secured or unsecured non-convertible corporate bonds via private placement, along with term loans or external commercial borrowings, according to a regulatory filing. The decision was taken at…
ACME Solar signs 450 MW FDRE power purchase agreements with SJVN
ACME Solar Holdings Limited (ASHL) has signed two Power Purchase Agreements (PPAs) through its subsidiary, ACME Greentech Seventh Private Limited, with SJVN Limited for a total capacity of 450 MW / 1,800 MWh. The agreements were executed on March 2, 2026, and will remain valid for 25 years. The PPAs arise from the Tranche-FDRE-4 tender…
Technip Energies and GE Vernova secure Net Zero Teesside power project
Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The…
India commissions 1 MW green hydrogen plant at Kandla port
India’s first indigenously developed megawatt-scale green hydrogen plant has been inaugurated at Deendayal Port Authority (DPA), Kandla.
Tata Power reports Rs 10.93 billion net profit in Q2, up 7.47% YoY
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3…
CEA issues revised type test and MQAP guidelines for power equipment
The Central Electricity Authority (CEA) has issued revised versions of two regulatory documents covering major power sector equipment. The two documents are the Guidelines for the Type Tests for Major Equipment of Power Sector and the Guidelines for Model Quality Assurance Plan (MQAP) for Major Equipment of Power Sector. The revisions follow directions from the…
