Torrent Power Eyes Expansion Through New Acquisitions & Bids

The annual report of Torrent Power reveals that the company is looking to expand its renewable energy portfolio by the way of fresh acquisitions of existing projects. Torrent is also keen to enter the sectors of transmission and distribution through privatization and franchising. The total power producing portfolio of Torrent currently stands at 4,975 MW […]

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The Wind Picks Up For Offshore Energy In India, R.K Singh Leads Key Decisions On Tendering, Transmission

In one of the most decisive steps for India’s offshore wind energy ambitions, R.K Singh, Union Minister for Power and New & Renewable Energy held a meeting yesterday on transmission planning for offshore wind energy projects in India. Alok Kumar, Secretary, Power and Indu Shekhar Chaturvedi, Secretary, Ministry of New & Renewable Energy were also […]

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CERC Issues New Rules For Allocation Of Transmission Corridors For Power Trading

Central Electricity Regulatory Commission (CERC) ordered on May 9 that the allocation of transmission corridor among the Power Exchanges shall be governed by a new set of principles from June 1. A bench of four judges under the chairmanship of IS Jha ruled that the old order of 04.04.2016 extending priority allocation of 10% in […]

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Policy, Finance & Grid Vital to Achieve India’s Ambitious Climate Goals

With a global effort towards a transition to clean energy already underway, India has set ambitious targets for itself — 450 GW renewables capacity to be created by 2030. Despite the country’s many achievements in the last 5 years in the renewables sector, which have resulted in its having the world’s 5th largest solar and […]

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CERC Sets Stage For Large Batteries With Draft Ancillary Services Regulations

The Central Electricity Regulatory Commission (CERC) has drafted the Ancillary Services Regulations, 2021, whose express purpose is to ensure reliability, safety and security of the grid. Ancillary Services in relation to power system operation, the document explains, means the service necessary to support the grid operation in maintaining power quality, reliability and security of the […]

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Power Grid Raises Rs 2736 Crore Through its PGInvIT

Power Grid has received Rs 2,736.02 crore through the sale of 27.41 crore units in the PGInvIT OFS which was created to monetise its assets. The Power Grid Corporation of India (PGCIL) has announced that it has received Rs 2,736.02 crore through the sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer […]

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Transmission Policy Would Unlock Clean Energy Growth: ACEG

Building just 22 high-voltage transmission lines that are currently on hold in the US could increase national wind & solar generation by 50% Building just 22 high-voltage transmission lines that are currently on hold in the US could increase national wind and solar generation by 50 percent and create approximately 1.2 million jobs, according to […]

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US DOE to Issue $8.25 Bn in Loans to Enhance Transmission Nationwide

The US DOE has announced the availability of up to USD 8.25 billion in loans for efforts to expand and improve the US transmission grid. In support of the Biden Administration’s commitment to modernise the nation’s power grid and infrastructure and deliver 100 percent clean energy to businesses and homeowners by 2035, the US Department […]

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PowerGrid InvIT’s Rs 7735 Cr IPO to Open at Rs 99-100/Unit Price Band

The PowerGrid Infrastructure Investment Trust (InvIT) has fixed a price band of Rs 99-100 per unit for its Rs 7,735 crore initial share sale, which will open for public subscription on April 29, 2021. The issue will close on May 3, 2021, and the bidding for anchor investors will open on April 28, 2021, according […]

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