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ACME Solar Holdings Ltd on Monday said that through its subsidiary, ACME Greentech Twenty Pvt Ltd, it has signed a Power Procurement Agreement with Solar Energy Corporation of India (SECI) for 300 MW / 1,200 MWh assured peak supply. The assured peak supply under SECI's FDRE-IX tranche was at a tariff of Rs 6 per unit, with an effective date of October 6, 2026, a company statement said. This Firm and Dispatchable Renewable Energy (FDRE) project supports the growing need for reliable, dispatchable clean power during evening and night-time peak demand, helping strengthen grid stability as renewable energy's share of India's power mix increases, the statement added. Following this agreement, ACME Solar's under-construction PPA-signed contracted portfolio stands at 4,310 MW out of total under construction contracted capacity of 5,380 MW, it stated. Through this FDRE project, ACME Solar will supply 4 MWh per MW of contracted capacity for any four hours daily during the non-solar hours, .
NTPC Limited, India's largest integrated power utility, has invited Expressions of Interest (EOI) from Commercial and Industrial (C&I) entities interested in taking 26 per cent equity in co-generation projects. The initiative aims to explore opportunities to develop co-generation facilities to meet industrial requirements for steam and electricity, along with integrated power supply solutions based on coal, renewable energy and Battery Energy Storage Systems (BESS), the power PSU said in a statement. With industries increasingly focusing on energy security, cost optimisation and sustainability, co-generation offers an opportunity to enhance overall energy efficiency by producing steam and electricity through an integrated system. The proposed initiative seeks to address the diverse requirements of industries with reliable, economical and sustainable energy solutions through long-term power supply arrangements. It reflects NTPC's commitment to expanding its energy solutions ...
In a boost to Haryana's power sector reforms, the Distribution Reforms Committee (DRC) chaired by State Chief Secretary Anurag Rastogi has approved additional power infrastructure works worth Rs 912.70 crore under the Revamped Distribution Sector Scheme (RDSS). This paves the way for major upgrades in the state's electricity distribution network. The committee also approved forwarding the proposal to the Power Finance Corporation (PFC) and the Ministry of Power for consideration and approval by the Monitoring Committee under RDSS, according to an official statement. The decision comes at a time when Haryana's power distribution companies have emerged among the country's best-performing utilities, recording substantial reductions in line losses and significant improvements in operational efficiency, it said. During the meeting on Friday, the chief secretary reviewed the progress of RDSS projects being implemented by Dakshin Haryana Bijli Vitran Nigam Ltd (DHBVNL) and Uttar Haryana ..
The electricity rates in the city are likely to rise from April as the Delhi government is preparing for disbursal of pending dues of over Rs 38,000 crore to the three power discoms, officials said on Sunday. The government is, however, planning to subsidise the hike in power tariff to cushion the impact on the consumers, they said. The Supreme Court in August last year directed that the regulatory assets, including carrying costs of Rs 27,200 crore, be paid to Delhi's three private discoms, BRPL, BYPL and TPDDL, in seven years. Regulatory assets - costs that are expected to be recovered in future - have risen sharply due to a lack of any power tariff hike in the past decade under the Aam Aadmi Party rule. Delhi Electricity Regulatory Commission (DERC), city's power regulator, informed the central agency, Appellate Tribunal for Electricity (APTEL), in January that total regulatory assets in Delhi stand at Rs 38,552 crore. As per DERC filing, the outstanding amount includes Rs 19,1
Damodar Valley Corporation (DVC) has launched a Rs 1,500 crore project to modernise power supply in its command area to ensure round-the-clock quality power and to reduce aggregate technical and commercial (AT&C) losses, an official said on Sunday. DVC's entire distribution network primarily serves industries, with negligible supply to retail consumers. The project focuses on shifting from conventional power distribution to a state-of-the-art, technology-driven system to establish a robust primary and secondary distribution network across DVC's command area spanning 24,235 square kilometres in West Bengal and Jharkhand. "The project capex is nearly Rs 1,500 crore and will be completed in 18 months. The system integrates advanced features such as a distribution management system, outage management system, customer relation management, metering data management system, GIS mapping for real-time communication, ring main units (RMU), and fiber optic-based metering communication ...