distribution

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Assam Approves ₹52 Billion Power Distribution Modernization Project

The Assam government has approved a ₹51.97 billion ($624.4 million) project to modernize the state’s power distribution system. The approved project, funded under...

September 27, 2023

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Staff

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Grid

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Market & Policy
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Torrent Power Records a 6% YoY Increase in Profit in Q1 FY2023

Gujarat-based power company Torrent Power posted a profit after tax of ₹5.32 billion (~$64.3 million) for the first quarter (Q1) of the financial year (FY) 2023-24, a...

August 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Tata Power Invites Bids for 225 MW of Wind-Solar Hybrid Projects

Tata Power has invited bids to develop and procure power from 225 MW of grid-connected intrastate and interstate wind-solar hybrid power projects with a greenshoe option...

June 26, 2023

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Torrent Power Allocated 6,000 Hectares of Land in Gujarat for Renewable Projects

Gujarat-based power company Torrent Power has disclosed its plans to achieve a 5 GW renewable energy portfolio over the next three to five years through inorganic...

June 20, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand

Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a...

May 30, 2023

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Gourav Mishra

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Other

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Renewable Energy
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CEA Proposes Guidelines for Utilities to Prepare Energy Demand Forecasts

The Central Electricity Authority (CEA) has released draft guidelines for utilities to prepare medium- and long-term forecasts to assess the power demand in the country....

April 13, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Lower T&D Losses Drive Torrent Power’s Profit Up 88% YoY

Gujarat-based power company Torrent Power posted a profit of ₹6.94 billion (~$83.7 billion) for the third quarter (Q3) of the financial year (FY) 2023, a year-over-year...

February 15, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Press Releases
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Daily News Wrap-Up: KEC International Bags Order for 500 MW Solar Project in India

Here are some noteworthy cleantech announcements of the day from around the world: Global infrastructure engineering, procurement, and construction company KEC...

December 20, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June

The prospect of heavy penalties on delayed payments has prompted the state-owned power distribution companies (DISCOMs) to clear outstanding dues worth ₹246.8 billion...

December 1, 2022

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Gourav Mishra

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Other

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Renewable Energy
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US Announces a $13 Billion Fund to Expand and Modernize Electric Grid

The Biden administration, through the U.S. Department of Energy (DOE), has announced $13 billion to expand and upgrade the national electric grid. Funded by the...

November 21, 2022

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Gourav Mishra

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Other

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Renewable Energy
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REC Limited Posts Annual Profit of ₹100 Billion, its Highest-Ever

REC Limited, a public infrastructure finance company, reported a total income of ₹392.30 billion (~$5.05 billion) for the financial year (FY) 2022, an 11% increase...

May 17, 2022

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Satish Shetty

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Markets & Policy

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Solar
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Projects Worth ₹308.02 Billion Approved to Strengthen Power Distribution Network

Projects worth ₹308.02 billion (~$4.12 billion) have been approved to date under the Integrated Power Development Program (IPDS), Minister of Power and New and Renewable...

February 9, 2022

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Harsh Shukla

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Grid

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Market & Policy
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Thirty-Nine DISCOMs Submit Draft Proposals Under Power Reforms Program

The Ministry of Power (MoP) has said that 39 out of 55 electricity distribution companies (DISCOMs) have submitted draft proposals under the ₹3.03 trillion (~$40.82...

December 27, 2022

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Arjun Joshi

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Grid

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Market & Policy
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Power Ministry Mandates Quarterly Energy Audits by DISCOMs to Reduce T&D Losses

The Ministry of Power (MoP) has directed power distribution companies (DISCOMs) to undertake energy accounting periodically to develop a comprehensive energy accounting...

October 12, 2021

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Harsh Shukla

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Grid

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Market & Policy
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Bids Invited to Set Up a 5 MW Floating Solar Project at a Thermal Power Station

The West Bengal Power Development Corporation Limited (WBPDCL) has invited bids for setting up a 5 MW grid-connected floating solar power project at the Santhaldih...

February 24, 2021

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Nithin Thomas

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Solar

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Tenders & Auctions

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