Rajasthan’s power regulator has again rejected a proposed 3.2 gigawatt coal power project. The regulator wants state utilities to first reassess demand and capacity needs. This decision comes as other Indian states increase coal power purchases to meet rising demand for round-the-clock electricity. India aims for significant non-fossil fuel power capacity by 2030.
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government’s stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.
A US nuclear industry delegation is set to visit India next week. They will explore cooperation in India’s civil nuclear sector. This follows New Delhi opening the sector to private players. New legislation has eased previous liability concerns for global companies. The delegation will meet with Indian officials and private sector leaders.
During a crucial summit, leaders examined effective pathways to accelerate the deployment of battery storage technologies. The dialogue included vital topics such as enhancing transmission capacities and the potential of variable time-of-day pricing. These approaches are strategically aimed at amplifying the adoption of renewable energy and reinforcing the stability of the power grid.
Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India’s power sector. Both companies have received in-principle approval for the restructuring. Legal and financial advisors have been appointed. Discussions on the detailed structure are ongoing and require regulatory approvals.
Larsen & Toubro’s Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery schedules.
The Competition Commission of India has approved four business deals, including Adani Power’s acquisition of GVK Energy and Canada Pension Plan Investment Board’s stake in Ctrl S Datacenters. The regulator also cleared Thriveni Earthmovers’ purchase of a stake in Llyods Engineering Works and the merger of three entities into the company.
Tata Power is taking significant strides in its pursuit of nuclear energy. Currently, negotiations are underway with three states regarding its upcoming projects. Anticipation builds as a comprehensive project report is slated for release within the next six months. Additionally, Tata Power is teaming up with NPCIL to bring these nuclear initiatives to fruition.
India needs to boost its domestic coal gasification capabilities. This will build resilience against global energy shocks and achieve economic self-reliance. Coal gasification converts dry fuel into syngas, an alternative fuel that reduces carbon emissions. Experts highlight its strategic importance for energy security and import substitution. This initiative aims to strengthen India’s position in critical…
The Supreme Court will review the Indian Energy Exchange’s challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required…