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Tata Power to invest Rs 1.46 trillion to double capacity by 2030

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Tata Power plans to invest around Rs 1.46 trillion to double its operational capacity to 32 GW by 2030, according to CEO and MD Praveer Sinha.  As of FY24, the company’s installed capacity stood at 15.6 GW, with 6.7 GW in renewables. By 2030, Tata Power aims to reach 31.9 GW, with 23 GW from renewable energy. The company also focuses on expanding its transmission and distribution segments. Tata Power plans to increase its transmission…

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PFCCL transfers four SPVs to PGCIL and Adani Energy

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On October 15, 2024, PFC Consulting Ltd (PFCCL) transferred four special purpose vehicles (SPVs) for interstate transmission system (ISTS) projects to their winning developers, selected through tariff-based competitive bidding (TBCB). The projects were handed over to Power Grid Corporation of India Ltd (PGCIL) and Adani Energy Solutions Ltd (AESL), with each developer receiving two projects. The SPVs, previously incorporated as PFCCL subsidiaries, were transferred as follows: South Olpad Transmission Ltd (incorporated January 19, 2024), handling…