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Torrent Power sets up subsidiary for renewable energy projects

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Torrent Green Energy Private Limited (TGEPL), a wholly owned subsidiary of Torrent Power Limited (TPL), has incorporated a new wholly owned subsidiary, Torrent Urja 30 Private Limited (TU30), for the implementation of renewable energy (RE) power projects in India on February 19, 2025. The newly formed entity will engage in power generation, transmission, distribution, purchase, procurement, sale, trading, import, export, power storage, green hydrogen, and its derivatives such as ammonia, along with other renewable energy…

Latest Regulatory Developments in Power Generation Sector: January 20, 2025

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  Here are the latest updates on regulatory developments in India’s power generation sector: GERC rejects GUVNL’s petition for review of August 2023 order:The Gujarat Electricity Regulatory Commission (GERC) has rejected Gujarat Urja Vikas Nigam Limited’s (GUVNL) petition to review its August 10, 2023 order in Petition No. 1817 of 2019. GUVNL had claimed errors in the order, citing its counterclaim for compensation against Sipla Energy. However, GERC found no errors apparent on the record,…

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AZAD Engineering signs USD 112 million supply deal with GE Vernova

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AZAD Engineering Limited has entered a long-term agreement with GE Vernova International LLC, USA, to supply advanced rotating and stationary airfoils for gas turbine engines. Valued at approximately USD 112 million, the agreement will support GE Vernova’s global power generation needs and further solidify the strategic partnership between the two companies.

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NTPC reports strong growth in power generation in FY 2024-25

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NTPC achieved significant growth during the April-December period of FY 2024-25. Power generation reached 326 billion units (BU), a four per cent increase from last year.  The company made notable progress in coal mining, extracting 30.88 MT, a 23 per cent year-over-year rise. The plant load factor (PLF) of NTPC’s coal stations reached 76.20 per cent by the end of Q3.  By December 2024, NTPC Group’s installed capacity grew to 76,598 MW, with 2,724 MW…

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NTPC achieves fastest ever 300 BU generation milestone

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NTPC Group reached a significant milestone by achieving 300 billion units (BU) of power generation on December 8, 2024, in FY 2024-25, marking the fastest-ever achievement in just 252 days.  This accomplishment is 10 days earlier compared to the previous financial year when the company crossed the 300 BU mark on December 18, 2023. The company currently has an installed capacity of 76.5 GW, with over 29.5 GW, including 9.6 GW of renewable energy, under…

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NTPC Q2 FY 2025 net profit rises 14% to Rs 53.8 billion, revenue slightly declines

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State-run power generator NTPC Ltd reported a consolidated net profit of Rs 53.8 billion for the second quarter of 2024-25 (Q2 FY 2025), a 14% increase from Rs 47.26 billion in the same period last year. Revenue from operations in the September quarter stood at Rs 446.96 billion, a slight decline from Rs 449.83 billion reported in the corresponding quarter of the previous fiscal year. As India’s largest integrated power utility, NTPC contributes 25% of…

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US commits $900 million for Gen III+ SMR technologies

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The US Department of Energy (DOE) has committed $900 million to advance the development and deployment of Generation III+ small modular reactor (SMR) technologies. This funding, part of the Consolidated Appropriations Act of 2024 and President Biden’s Bipartisan Infrastructure Law, is aimed at accelerating the domestic nuclear industry and supporting national climate goals. The funding is divided into two categories. Tier 1, managed by the Office of Clean Energy Demonstrations (OCED), allocates up to $800…

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L&T emerges as lowest bidder for NTPC’s super thermal power plants

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Larsen & Toubro (L&T) has been declared the lowest bidder by NTPC for the main plant package of super thermal power plants (STPPs) at Gadarwara in Madhya Pradesh, Telangana, and Nabinagar in Bihar.  L&T will undertake work for Gadarwara STPP Stage-II (2×800 MW), Telangana STPP Stage-II (3×800 MW), and Nabinagar STPP Stage-II (3×800 MW). The scope of work includes design, engineering, manufacture, supply, construction, erection, testing, and commissioning of the main plant package. The projects…

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DVC highest bidder for Hiranmaye Energy assets

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Damodar Valley Corporation (DVC) has emerged as the highest bidder in the auction for Hiranmaye Energy’s assets, offering Rs 15 billion, surpassing the reserve price of Rs 13 billion.  This marks DVC’s first acquisition, adding to its total installed capacity of around 6,700 MW, including greenfield and brownfield expansions.  Hiranmaye Energy operates a 300 MW thermal power plant in Haldia, West Bengal, with two units of 150 MW each. The company holds a 25-year power…