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SPV incorporated for Bhadla-Bikaner complex ISTS scheme
PFC Consulting Ltd (PFCCL) has formed a wholly-owned subsidiary, “Bikaner and Bhadla Transmission Complex Ltd,” to serve as the special purpose vehicle (SPV) for the project “Transmission system strengthening to facilitate evacuation of power from Bhadla/Bikaner Complex” aimed at evacuating renewable energy from Rajasthan to load centres in Delhi and Uttar Pradesh. The project, incorporated…
Inox Green targets 17 GW O&M portfolio by FY27
Inox Green Energy Services Ltd, the operations and maintenance (O&M) arm of the InoxGFL Group, plans to expand its renewable energy O&M portfolio from the current 5 GW to 17 GW by the next financial year, according to executive director Devansh Jain. Jain told Mint that the company will pursue both organic expansion and acquisitions…
Fujiyama approves 1.2 GW TopCon solar cell plant in Madhya Pradesh
Fujiyama Power Systems Limited has approved the establishment of a 1.2 GW TopCon solar cell manufacturing facility at its Ratlam plant in Madhya Pradesh. The company’s board approved the decision as part of its expansion and backward integration strategy. The rooftop solar solutions provider currently operates a 1 GW Mono PERC solar cell manufacturing facility…
Delhi discoms seek cost-reflective tariff to address Rs 31.62 billion revenue gap
Discoms in Delhi have petitioned the Delhi Electricity Regulatory Commission (DERC) for a cost-reflective tariff for the 2024-25 fiscal, citing a combined revenue gap of Rs 31.62 billion in 2022-23. Electricity rates in Delhi have not changed since 2014. The petitions revealed revenue requirements for 2022-23 of Rs 121.16 billion for BSES Rajdhani Power Limited…
PGCIL completes delayed interstate transmission system for Rajasthan’s solar energy zones
Power Grid Corporation of India Ltd (PGCIL) recently commissioned an interstate transmission system (ISTS) under “Powergrid Bhadla Transmission Ltd.” The project, officially named the “Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase-II, Part B,” was completed in August 2024, nearly two years behind schedule. This…
Bihar proposes new renewable energy targets
The Bihar Electricity Regulatory Commission (BERC) has proposed integrating distributed renewable energy (DRE) into the state’s renewable purchase obligation (RPO) framework for the financial year (FY) 2030. This move aims to promote smaller renewable projects while adjusting targets for wind and hydropower. As per the draft Bihar Electricity Regulatory Commission (Renewable Purchase Obligation, its Compliance,…
