IndiGrid partners BII, Norfund, and Techno Electric to develop transmission projects in India
British International Investment and Norfund will invest in IndiGrid’s three inter-state transmission system projects currently under-construction. These projects are expected to support evacuation of 6 GW of renewable energy in the states of Madhya Pradesh and Maharashtra. Techno will co-develop two of these projects.
Tata Power posts INR 1,189 crore profit in Q1 FY 2025
Tata Power has reported its highest ever quarterly consolidated revenue of INR 16,810 crore and net profit (profit after tax) of INR 1,189 crore in the first quarter of FY 2024-25
Adani Energy Solutions raises $1 billion via QIP route
Adani Energy Solutions Ltd will utilize the proceeds for building the bulk evacuation corridors for renewable power, smart metering business, debt repayment, and general corporate purposes.
Future-proofing utilities: Strategies for navigating technological disruption in India
The adoption of smart technologies is reshaping the utilities industry, with a particular focus on smart grids. Smart grids leverage advanced sensors, Internet of Things (IoT) devices, and real-time data analytics to transform how electricity is generated, distributed, and consumed.
Reactive power management key to advancing grid stability
In its latest monthly column for pv magazine, IEA-PVPS provides a comprehensive overview of the state-of-the-art practices, best practices, and recommendations for managing reactive power amidst the growing integration of distributed energy resources (DERs). The article describes the regulatory frameworks and practical applications, underscoring the essential role of reactive power management in maintaining a stable and efficient power grid.
Union Budget 2024-25: Solar developers call for ALMM deferment, tax cuts, and more
With Union Budget to be presented next week, developers hope for reduction in GST [goods and services tax] and import duties on solar components, and deferral of the ALMM [Approved List of Models and Manufacturers] imposition until domestic supplies are sufficient.
Hartek wins multiple 765kV projects from PGCIL
Hartek Group has secured multiple 765kV projects from Power Grid Corp. of India Ltd. (PGCIL), including the supply and commissioning of high-voltage transmission projects in Indore and Kurnool.
KPIL wins new projects worth INR 2,995 crore
With these order wins, Kalpataru Projects International Ltd’s order intake till date in the current financial year stands at INR 6,178 crore.
DVC to add 4 GW solar power capacity by 2030
Damodar Valley Corp., which currently has 97% power generation capacity from thermal projects, plans to add 4 GW of solar power generation capacity with an investment of INR 20,000 crore (around $2.4 billion) by 2030.
ICRA upgrades Tata Power to AA+ with Stable outlook
The ratings upgrade takes into account Tata Power’s healthy operating and financial performance driven by the diversified business profile, superior operating efficiencies, and long-term offtake agreements for the generating portfolio.
