GAIL India Limited and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) have signed a joint venture agreement to set up large-scale renewable energy projects and integrate them with existing gas-based power capacity in Rajasthan. The new joint venture company will develop 750 MW of solar and 250 MW of wind power. These will be bundled…
Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW…
The Ministry of Power has circulated a revised draft notification specifying Renewable Consumption Obligation (RCO) requirements under the Energy Conservation Act, 2001. Issued on 5 August 2025, the draft is open for stakeholder feedback until 19 August. It replaces the previous version dated 20 October 2023. The RCO framework outlines annual minimum shares of electricity…
Afghanistan’s Ministry of Energy and Water has signed a $10 billion agreement with a domestic private company to develop power projects with a combined capacity of 10,000 megawatts, Tolo News reported. The projects will be implemented over a six-year period from 2026 to 2032. The agreement covers electricity generation from coal, gas, hydro, wind, and…
Power Grid Corporation of India (PGCIL) reported a 2.5 per cent fall in net profit to Rs 3,630.58 crore. Revenue rose 2 per cent to Rs 11,196 crore. Net profit margin slipped to 32 per cent from 34 per cent. Operating margin was stable at 85 per cent. Segment-wise, consultancy revenue grew 120 per cent…
Central agencies have cancelled 11,400 MW of renewable energy tenders since April 2023 due to low participation, high tariffs, and withdrawal by end-procurers. Minister of State for New and Renewable Energy Shripad Yesso Naik said SECI, NTPC, NHPC, and SJVN issued the tenders. As of June 2025, these agencies have issued Letters of Award for…
The Centre plans to install rooftop solar systems in one crore households by 2026–27 under the PM Surya Ghar: Muft Bijli Yojana, Union Minister for New and Renewable Energy Pralhad Joshi recently informed the Lok Sabha. According to the minister, the country has saved nearly Rs 4 lakh crore by reducing fossil fuel imports and…
Reliance Group has secured board approvals from Reliance Infrastructure and Reliance Power to raise Rs 180 billion through a mix of equity and debt to support its expansion into the power and renewable energy sectors. According to the company’s release, the fundraising will enable the group to execute its next phase of growth, which includes…
Odisha’s single window committee has approved fresh renewable energy proposals totalling 178 MW, with investments estimated at Rs 870 crore. In its twelfth meeting, the committee cleared multiple solar and wind projects submitted by the state’s renewable energy nodal agency. Prozeal Green Energy’s 69.5 MW solar facility in Subarnapur district and a 49.5 MW project…
Nxtra by Airtel has signed a new power wheeling deal with AMPIN Energy Transition to source 125.65 MW of hybrid solar-wind power via interstate transmission. The arrangement will add 205,167 megawatt-hours (MWh) of renewable energy to Nxtra’s annual supply. The power will be delivered in two phases through captive hybrid projects connected to the interstate…