Tata Power has formally executed a Supplementary Power Purchase Agreement (SPPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for its 4 GW Mundra thermal power plant, filing a disclosure with BSE and NSE this morning under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing confirms that identical agreements are now set to be…
The Punjab State Electricity Regulatory Commission has issued its final order approving the Punjab State Electricity Regulatory Commission (Deviation Settlement Mechanism and related matters) Regulations, 2025. The regulations were notified in the state gazette on 04 December 2025 and will come into commercial effect from 01 April 2026. They replace the 2020 DSM framework and…
SAEL Industries Limited has entered into two long-term power purchase agreements with state utilities in Gujarat and Punjab, covering a combined solar capacity of 880 MW. SAEL Solar P Sixteen and SAEL Solar P Seventeen, both subsidiaries of SAEL, signed an agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) for 480 MW. This includes 240…
Swaraj Tractors has partnered with Mahindra Susten to develop a 26 MW solar project in Bathinda district, marking Punjab’s largest solar group captive project. This initiative aims to increase Swaraj Tractors’ renewable energy share to up to 50 per cent. The project, undertaken by Mahindra Susten, will supply clean energy to four Swaraj Tractors manufacturing…
Sapher has partnered with the Punjab government to develop solar farms in high-potential locations such as Fazilka and Ferozepur. This initiative is being executed in collaboration with Punjab Generation Company, a wholly-owned subsidiary of the Punjab Energy Development Agency. The goal is to boost the state’s renewable energy capacity while addressing challenges associated with canal-based…