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NHPC to invest Rs 840 billion in 20 GW pumped storage project
NHPC Ltd, a state-owned hydropower company, has announced a major investment of Rs 840 billion to develop 20 GW of pumped storage capacity. This project is part of a larger capital expenditure plan estimated at Rs 12,000 billion, with most investments to be made through joint ventures (JVs). Currently, NHPC has an installed capacity of…
Torrent Power outlines Rs 500 bn investment in renewables and grid infrastructure
Torrent Power plans to invest Rs 50,000 crore over the next three to four years to increase its renewable energy (RE) capacity to 10 GW by 2030, up from 1.75 GW currently. The capex will be divided across three segments. Around Rs 20,000 crore will support renewable energy projects, Rs 14,000 crore is allocated to…
Bajel Projects wins Maharashtra, Karnataka transmission EPC orders
Bajel Projects Limited has secured two engineering, procurement and construction (EPC) contracts for transmission infrastructure projects in Maharashtra and Karnataka, both classified by the company as “Major” orders valued between Rs 200 crore and Rs 300 crore, inclusive of Goods and Services Tax (GST). The Maharashtra project involves development of a new 765/400 kV air-insulated…
Google signs offshore wind PPA with CIP in Taiwan
Google has signed a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) in Taiwan. Under the terms of the agreement, Google will buy renewable energy from the Fengmiao I offshore wind project, which is set to become operational in 2027. Located off the coast of Taiwan, the Fengmiao I offshore wind project is the…
Waaree Energies and KEC International post Q1 results
Waaree Energies and KEC International have reported strong financial performance for the first quarter, driven by improved profitability and healthy revenue growth. Waaree Energies posted a 20.3 per cent sequential rise in net profit to Rs 745 crore, compared to Rs 619 crore in the previous quarter. Revenue rose 10.5 per cent quarter-on-quarter to Rs…
DERC waives fees for rooftop solar under PM Surya Ghar scheme
The Delhi Electricity Regulatory Commission (DERC) has issued amended guidelines that remove application and registration charges for domestic rooftop solar systems up to 10 kW. These changes apply under the PM Surya Ghar: Muft Bijli Yojana. The Net Metering for Renewable Energy (First Amendment) Guidelines, 2025 were notified under Guideline 3(1) and 3(7) of the original…
