Tata Group, through Tata Power, is reportedly in discussions to acquire the remaining shares of Resurgent Power Ventures Pte from ICICI Venture Funds Management Co., Kuwait Investment Authority, and Oman Investment Authority. The deal values Resurgent at approximately $2.1 billion, including debt. Resurgent’s assets include a significant stake in Prayagraj Power Generation Co. and other…
The two companies’ total dues to REC from these SPVs were at Rs 1,393.6 crore at the end of March 2025. In a letter to principal secretary Rahul Bojja, last week REC had said that unless payments are made by June end, the accounts could slip into NPA.
Nearly 27 lakh power sector employees across India are preparing for a nationwide strike on July 9, protesting the Uttar Pradesh government’s decision to privatize two major electricity distribution companies. The All India Power Engineers’ Federation warns that this move could disrupt power supply and deprive farmers and low-income households of subsidized benefits. Demonstrations are…
Adani Power received $437 million from Bangladesh in June, settling payment arrears for electricity supplied until March 31. This clears the way for smooth operations at the Godda plant, which supplies 10% of Bangladesh’s electricity. With payments now on track and structural changes implemented, Adani Power anticipates a potential credit rating upgrade.
Bangladesh has cleared $437 million in dues to Adani Power, including carrying costs, reaffirming the Indian conglomerate’s role as a reliable power source. With payments regularized and additional security established, Bangladesh has requested full power supply from Adani’s Godda plant.
India’s power consumption saw a minor decrease of 1.5% in June. The dip is attributed to the early arrival of the monsoon season. This reduced the need for cooling appliances. Peak power demand also experienced a slight decline. The Indian Meteorological Department had predicted hotter temperatures. However, the early monsoon provided relief.
Kalpataru Projects International Limited (KPIL) announced securing new orders worth Rs 989 crore in the power transmission and distribution (T&D) sector. With these new orders, the company’s order intake till date in FY26 has reached Rs 7,150 crore. KPIL is equipped to leverage the T&D opportunity given its execution prowess and global expertise.
Artificial intelligence (AI) is rapidly becoming the largest energy hog within worldwide digital infrastructure. In my latest research, published in the academic journal Joule today, I show that AI systems were responsible for up to 20% of global data center power demand by the end of last year. Moreover, this share could approach half of…