Grid

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DISCOM Dues to Power Generators Dropped to ₹616 Billion in January

Distribution companies (DISCOMs) owed power generators ₹615.95 billion (~$7.07 billion) in total dues for the monthly billing cycle in January 2025, according to...

February 4, 2025

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Arjun Joshi

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Grid

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Market & Policy
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Tesla’s Energy Storage Deployments Surged to a Record 31.4 GWh in 2024

U.S.-based electric vehicle (EV) maker Tesla posted a net income of $2.32 billion in the fourth quarter (Q4) of 2024, down 71% year-over-year (YoY). This decline can be...

January 31, 2025

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Arjun Joshi

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Electric Vehicles

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Finance and M&A

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Grid
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Assam Issues Draft Intra-State Transmission System Connectivity Regulations

The Assam Electricity Regulatory Commission (AERC) has issued the Draft (Grant of Connectivity to the Intra-State Transmission System) Regulations, 2025,”...

January 29, 2025

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Arjun Joshi

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Grid

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Market & Policy
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Haryana Releases Draft Deviation Settlement Mechanism Regulations

The Haryana Electricity Regulatory Commission (HERC) has released draft regulations on the Deviation Settlement Mechanism and related matters. Stakeholders can submit...

January 28, 2025

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Tina Freese

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Grid

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Market & Policy

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T&D
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Adani Bags $2.89 Billion 6 GW Renewable Energy Transmission Project

Adani Energy Solutions (AESL) has won REC Power Development and Consultancy’s (RECPDCL) ₹250 billion (~$2.89 billion) Bhadla-Fatehpur High Voltage Direct Current (HVDC)...

January 21, 2025

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Melvin Mathew

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Grid

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T&D
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Reliance Industries Bags ₹80 Million Transmission Project from RECPDCL

Reliance Industries will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy (RECPDCL) for ₹80 million (~$923,782) to...

January 17, 2025

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Arjun Joshi

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Grid

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Tenders and Auctions
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Refex Green Mobility to Take Over 2,997 EVs from Gensol Engineering

Refex Green Mobility will acquire Gensol’s 2,997 electric vehicles (EV) and assume the associated debt of ₹3.15 billion (~$36.43 million). This strategic tie-up will...

January 16, 2025

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Melvin Mathew

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Electric Vehicles

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Grid
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CERC Reiterates Procedure for Recovery of Legacy Dues in DSM Pool Account

The Central Electricity Regulatory Commission (CERC) has reiterated that the approved methodology in the National Load Despatch Centre’s (NLDC) detailed procedure...

January 14, 2025

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Arjun Joshi

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Grid

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Market & Policy
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Chhattisgarh Issues Draft Deviation Settlement Guidelines

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued the Draft Chhattisgarh State Electricity Regulatory Commission (Intra-State Deviation...

January 7, 2025

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Arjun Joshi

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Grid

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Market & Policy
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Oben Electric Secures ₹500 Million in Series A Funding Round

Bengaluru-based electric bike startup Oben Electric has secured ₹500 million (~$5.82 million) in a Series A funding round. This round included participation from Ambis...

January 7, 2025

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Melvin Mathew

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Electric Vehicles

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Grid
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DISCOMs Owed Power Generators ₹673 Billion in December 2024

DISCOMs owed power generators ₹672.91 billion (~$7.84 billion) in total dues for the monthly billing cycle in December 2024, according to the Ministry of Power’s payment...

January 3, 2025

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Arjun Joshi

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Grid

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Market & Policy
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POWERGRID Forms Joint Venture to Augment Rajasthan’s Transmission Network

The Power Grid Corporation of India (POWERGRID) has established a joint venture with Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL) to develop Rajasthan’s intrastate...

January 2, 2025

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Staff

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Grid

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T&D

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