Uttar Gujarat Vij Company Limited (UGVCL), catering to the northern parts of Gujarat, is one of the top-performing discoms in the country, consistently receiving an A+ rating from the Ministry of Power (MoP). At a […]
In a landmark decision, the transition to a five-minute scheduling, metering and settlement regime was approved in the 15th National Power Committee (NPC) meeting. This significant move is set to modernise India’s power sector, addressing […]
The corporate sector is making substantial efforts to improve its climate rankings. As per a recent report by ICRA ESG Ratings, India ranked sixth worldwide in terms of corporate climate action, with 127 companies committing […]
In a key stressed asset deal update in the power sector, private power major JSW Energy Limited has secured the letter of intent (LoI) for its resolution plan submitted for KSK Mahanadi Power Company Limited […]
The Ministry of Coal has announced the selected applicants under category-II of the financial incentive scheme with a financial outlay of Rs 85 billion. The scheme is open to both private companies and government public […]
The Telangana government has planned to invest in development of the Seli Hydro electric project (HEP) and the Miyar HEP in Himachal Pradesh. Further, Telangana government submitted a letter expressing interest and requested a draft […]
Indus Towers Limited has signed an agreement to acquire a 26 per cent stake in a 50 MW solar power plant for captive consumption. The plant will be developed by Amplus Tungabhadra, a special purpose […]
NTPC Limited has signed a power purchase agreement (PPA) with the Indian Army for the sale of 200 kW renewable energy round-the-clock power from a solar-hydrogen-based microgrid in Chushul, Ladakh. The agreement will remain operational […]
Welspun New Energy has signed a memorandum of understanding (MoU) with the Odisha government to invest Rs 135 billion in the state’s renewable energy sector. The agreement includes plans for a 1,200 MW pumped hydro […]
Bondada E&E Private Limited, a wholly owned subsidiary of Bondada Engineering Limited, has received a work order from Landsky Engineers Private Limited for the supply of 20W solar street lights with standard fitting accessories worth […]
Tata Power Limited has recorded a net profit of Rs 11.88 billion for the quarter ending December 2024, registering a 10.41 per cent increase from Rs 10.76 billion reported in the same quarter last year. […]
Saigon Jim Brother’s Corporation (EVM), Solarvest, and Power Engineering Consulting Joint Stock Company 2 (PECC2) have signed a memorandum of understanding (MoU) which will help accelerate renewable energy adoption in Vietnam. The partnership focuses on […]
The operations of power distribution utilities are poised for significant transformation in the coming years, driven by evolving customer demands and shifts in the energy landscape. The increasing adoption of renewable energy, the proliferation of […]
In an extremely densely populated and rapidly developing country like India, ensuring that rail electrical infrastructure keeps pace with the changing needs and increasing number of trains is undoubtedly a complex task. To address this, […]
In recent years, multiple efforts have been initiated to address the financial health of discoms. Among these, regular tariff determination processes by regulators, the publishing of audited annual accounts, improvements in subsidy payment discipline by […]
PFC signs JPY 120 billion loan agreement with JBIC Power Finance Corporation Limited (PFC) has signed a loan agreement worth JPY 120 billion with the Japan Bank for International Cooperation (JBIC). JBIC will contribute JPY […]
Eminent Electricity Distribution Limited (EEDL), a wholly-owned subsidiary of CESC Limited, has signed a share purchase agreement (SPA) with Chandigarh Power Distribution Limited (CPDL) for the acquisition of 100 per cent equity in a distribution […]
Power Grid Corporation of India Limited (Powergrid) has approved investments for two transmission projects under the “Transmission System for Offshore Wind Zone Phase-1” (500 MW VGF off the coast of Gujarat for Subzone B3). The […]
Solex Energy Limited has commissioned an 800 MW high-speed manufacturing line for N-Type TOPcon rectangular cell-based modules at its facility in Surat, Gujarat. The new production line is equipped with artificial intelligence (AI) and automated […]
Power Grid Corporation of India Limited (Powergrid) has recorded a net profit of Rs 38.61 billion for the quarter ending December 2024, registering a 4.15 per cent decrease from Rs 40.28 billion reported in the […]
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