Regulatory Developments in Power Generation Sector: April 21, 2025

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  GERC approves tariff and truing up for GSECL through FY 2029-30 The Gujarat Electricity Regulatory Commission (GERC) has issued its final order on Case No. 2418 of 2024, approving the truing up for FY 2023-24 and determining the Aggregate Revenue Requirement (ARR) and tariffs for Gujarat State Electricity Corporation Limited (GSECL) for the Multi-Year Tariff (MYT) control period FY 2025-26 to FY 2029-30. GSECL had submitted the petition under Sections 62 and 64 of…

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Contract and Deal Updates – January 27, 2025

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Jyoti Structures secures Rs 7,412.8 million PGCIL contract for HVDC line Jyoti Structures Limited won a contract worth Rs 7,412.8 million from Power Grid Corporation of India Limited (PGCIL) for Transmission Line package TL01 for 800 kV high voltage direct current (HVDC) Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) (with dedicated metallic return) – Part-1 for the Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of…

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Torrent Power incorporates TU37 for hydrogen and renewable energy

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Torrent Green Energy Private Limited (TGEPL), a subsidiary of Torrent Power Limited, has established Torrent Urja 37 Private Limited (TU37) with an authorised and paid-up capital of Rs.500,000, consisting of 50,000 equity shares valued at Rs.10 each. TU37 will focus on manufacturing, processing, and trading hydrogen and its derivatives, including ammonia and compressed natural gas. It will also engage in renewable energy initiatives, such as the generation, transmission, and trading of power from green, hydro,…

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Torrent Power to invest Rs 1.1 trillion capex plan on renewables and storage

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Torrent Power has unveiled a capital expenditure plan of Rs 1.1 trillion over the next eight years, emphasizing renewable energy and energy storage initiatives.  More than 63% of this investment is earmarked for the renewable energy sector, underscoring the company’s dedication to India’s clean energy transition. Vice President Jinal Mehta detailed these plans during a panel discussion at the State Bank of India’s banking conclave. He highlighted Torrent Power’s strategy to expand its renewable energy…

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Torrent Power reports reduced T&D losses in major licensed areas

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Torrent Power has reported a reduction in transmission and distribution (T&D) losses across most of its licensed and franchised distribution areas for the first half (April to September) of FY25.  In the Ahmedabad/Gandhinagar licensed area, T&D losses dropped from 6.30% in H1 FY24 to 4.50% in H1 FY25. Similarly, losses in the Dadra Nagar Haveli and Daman & Diu licensed area declined from 1.67% to 1.62%. Together, these two areas accounted for about 62% of…