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IOC to acquire up to 6 GW of renewable energy projects

Indian Oil Corporation (IOCL) plans to acquire five to six GW of solar and wind power projects to expand its renewable energy portfolio. The company targets 31 GW of renewable energy capacity by 2031 through organic growth, joint ventures, and...

Adani Group refutes claims of PPA revocation with Sri Lanka

Adani Group has confirmed that its power purchase agreement (PPA) with the Sri Lankan government for wind power projects remains intact, countering a report by AFP that suggested its cancellation. According to Reuters, despite recent reviews by Sri...

IEX Q3 profit rises 16.9% to Rs 1,073 million

Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year. The company’s consolidated revenue grew by 13.7% to Rs 1,605 million...

Project Development Update: January 27, 2025

THDC declares commercial operation of Unit-1 at 1,320 MW Khurja thermal plant THDC India Limited (THDCIL) has declared the commercial operation date (COD) for Unit-1 of the 1,320 MW Khurja Super Thermal Power Plant (KSTPP) on January 25, 2025.  The...

Contract and Deal Updates – January 27, 2025

Jyoti Structures secures Rs 7,412.8 million PGCIL contract for HVDC line Jyoti Structures Limited won a contract worth Rs 7,412.8 million from Power Grid Corporation of India Limited (PGCIL) for Transmission Line package TL01 for 800 kV high voltage...

New Projects – January 27, 2025

Hazoor Multi Projects launches Maharashtra’s first 1.2 GW solar park Hazoor Multi Projects (HMPL) has recently launched Maharashtra’s first solar park, the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP), with a capacity of 1.2 GW. Located on...

KPIL secures Rs 20.38 bn orders in T&D and building projects

Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 20.38 billion in the transmission and distribution (T&D) sector across domestic and international markets, along with building projects in India. These orders increase...

Akshat Greentech to set up solar manufacturing facility in Hyderabad

The Telangana government has signed a memorandum of understanding (MoU) with Akshat Greentech, a subsidiary of Mytrah Energy, to establish a solar cells and modules manufacturing facility in Hyderabad. The agreement was finalized during the World...

Sun Petrochemicals to invest in pumped storage hydro projects in Telangana

Sun Petrochemicals has signed a memorandum of understanding (MoU) with the Telangana government to develop pumped storage hydro power projects in Nagarkurnool, Mancherial, and Mulugu districts.  The project involves an investment of Rs 450 billion...

IREDA plans to raise Rs 50 billion through QIP

The Indian Renewable Energy Development Agency Limited (IREDA) has approved a plan to raise up to Rs 50 billion through a Qualified Institutions Placement (QIP) of equity shares in one or more tranches. This decision aims to strengthen IREDA’s...

NHPC announces 1.2 GW solar plus storage auction results

Onix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, Kolar Solar Power (Rays Power Infra), ReNew Solar Power, and Adani Renewable Energy Holding Nine (Adani Green Energy Limited) have won NHPC Limited’s auction to develop 1,200 MW of...

PFCCL re-invites RFP for ERGS-I transmission project

PFC Consulting Limited (PFCCL) re-invited the Request for Proposal (RFP) for selecting a Transmission Service Provider (TSP) through the tariff-based competitive bidding (TBCB) process for the Eastern Region Generation Scheme-I (ERGS-I) on January...

Rosatom ships VVER-1000 reactor vessel for Kudankulam Unit 6

Rosatom State Atomic Energy Corporation has shipped the VVER-1000 reactor vessel for Unit 6 of the Kudankulam Nuclear Power Plant (KKNPP) Project in Tamil Nadu. A set of four steam generators for Unit 6 is scheduled for shipment in 2025. The Nuclear...

NHPC and APGENCO establish JV for renewable energy projects

NHPC Limited and Andhra Pradesh Power Generation Corporation Limited (APGENCO) have formed a joint venture named “APGENCO NHPC Green Energy Limited.”  The company was incorporated on January 23, 2025, with an equal equity participation of...

Bondada Group to establish 100 MW hybrid RE plant in Assam

Dr. Bondada Raghavendra Rao, Chairman and Managing Director of Bondada Group, has signed a memorandum of understanding (MoU) with Assam’s Minister of Education, Welfare of Plain Tribe and Backward Classes, Sri Ranoj Pegu, at the Advantage Assam...

PGCIL commences commercial operation of Rajasthan transmission project

Power Grid Corporation of India Ltd (PGCIL) announced that its subsidiary, Powergrid Sikar Transmission Ltd, has received notification for the commercial operation of  “Transmission system strengthening scheme for evacuation of power from solar...

MPPTCL begins remote monitoring of substations

Madhya Pradesh Power Transmission Company Ltd (MPPTCL) has initiated the remote monitoring and operation of its extra-high voltage AIS substations, starting with the 132kV AIS substation at Madhotal.  This substation will now be controlled remotely...

Godrej focuses on five states for power infrastructure

The Energy Solutions business of Godrej Enterprises Group (GEG) has announced its focus on investing in power infrastructure projects for clean energy.  The company will prioritize Maharashtra, Gujarat, Rajasthan, Haryana, and Madhya Pradesh for its...

Avaada Group secures Rs 85 billion financing for nine RE projects

Avaada Group has completed Rs 85 billion in financing and refinancing for nine projects across various sectors, including utility-scale solar projects, agrivoltaic projects under the PM-KUSUM scheme, merchant power generation projects, commercial and...

Blue Energy to invest Rs 35 billion in electric trucks in Maharashtra

Blue Energy Motors, a key partner in Essar’s green mobility initiative, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest Rs 35 billion in establishing an electric truck manufacturing facility.  The facility...

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