Similar Posts
Power Ministry releases Draft National Electricity Policy 2026
The Ministry of Power (MoP) has published the Draft National Electricity Policy (NEP) 2026, outlining a strategic roadmap to ensure a reliable, affordable power supply, enhance the financial sustainability of utilities, and align with India’s climate goals and vision to become a developed nation by 2047. The draft policy, issued under the Electricity Act, 2003,…
Waaree signs PPA for 150 MW under Neemuch Solar Park
Waaree Energies has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Ltd (RUMSL) and M.P. Power Management Co. Ltd (MPPMCL) for the supply of 150 MW solar power to MPPMCL. The PPA follows a Letter of Award (LoA) received by Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies, for developing…
PGCIL secures LoIs for two ISTS schemes in Rajasthan
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two…
India | Generation | NewsPatel Engineering wins Rs 230.7 crore Bhutan hydro project package
Patel Engineering Limited (PEL) has received a letter of award worth Rs 230.70 crore from Dorjilung Hydro Power Limited for a pre-construction package of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan’s Mongar Dzongkhag district. The award comes days after the company secured a Rs 910 crore contract for the Renukaji Dam project in…
Jindal Power to acquire Bhadreshwar Vidyut for Rs 5 billion
Jindal Power Limited (JPL) has received a Letter of Intent (LoI) to acquire Bhadreshwar Vidyut Private Limited for Rs 5 billion. The Gujarat-based thermal power company operates the Kutch Coal-Based Power Project and was undergoing a corporate insolvency resolution process (CIRP). Bhadreshwar Vidyut, formerly known as OPG Power Gujarat Private Limited (OPGL), is a subsidiary…
POWERGRID board approves higher borrowing limit, USD 500 million ECB
POWERGRID Corporation of India Limited’s Board of Directors has approved an increase in the company’s borrowing limit from Rs 1,80,000 crore to Rs 2,20,000 crore, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM). The Board also approved raising up to USD 500 million (approximately Rs 4,100 crore) through External Commercial Borrowings (ECB)…
