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Avaada plans Rs 1 lakh crore investment over five years
Avaada Group plans to invest Rs 1 lakh crore across India over the next five years as it expands its presence in power generation and related businesses. Chairman Vineet Mittal said the group’s solar manufacturing arm has submitted documents to the regulator for its first public share sale. The group employs about 6000 people and…
- India | Generation | News
India to add 97 GW coal and lignite power capacity by FY35
The Power Ministry has raised its thermal expansion target to 97 GW of new coal and lignite capacity by FY35, up from 90 GW planned for FY32. Minister of State for Power Shripad Naik told the Rajya Sabha that India will require around 307 GW of coal and lignite capacity by FY35, with 2 GW…
PFC subsidiary Bihar Infrapower dissolved after Banka UMPP closure
Power Finance Corporation Limited (PFC) has informed the stock exchanges that its wholly owned subsidiary, Bihar Infrapower Limited, has been struck off from the register of companies by the Registrar of Companies under Section 248 of the Companies Act, 2013. The dissolution follows the closure of the Banka Ultra Mega Power Project (UMPP) in Bihar,…
Crompton wins Rs 4.45 billion rooftop solar project in Andhra Pradesh
Crompton Greaves Consumer Electricals has received a letter of award worth about Rs 4.45 billion from the New and Renewable Energy Development Corporation of Andhra Pradesh for 77.40 MWp of rooftop solar EPC projects under the PM Surya Ghar Muft Bijli Yojna. The contract covers the design, supply, installation, testing, and commissioning of 2 kW…
MNRE revises small hydro power scheme guidelines for flexible funding and timelines
The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for Small Hydro Power (SHP) schemes. These changes apply to all projects sanctioned under the earlier 2009 and 2014 schemes. The updates are designed to address sector challenges, simplify compliance, and facilitate timely completion. The calculation and release of Central Financial Assistance (CFA)…
Tata Power and ONGC sign MoU to explore BESS
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Limited, has signed a non-binding Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC) to explore joint opportunities in the Battery Energy Storage System (BESS) sector. The MoU was signed at India Energy Week 2025 in the presence of Union…
