Month: February 2025

State-owned NTPC, along with its subsidiary NTPC Green Energy Ltd, has signed multiple MoUs with the Madhya Pradesh government to invest over Rs 2 lakh crore in renewable energy projects. The projects include solar, wind, and pumped hydro storage, aiming to bolster India’s energy transition and Net Zero targets.

Adani Power has been given the green light by the committee of creditors to acquire Vidarbha Industries Power Ltd, which operates a 600 MW thermal power plant in Nagpur, Maharashtra. The acquisition is contingent upon approvals from the National Company Law Tribunal and adherence to the terms of the letter of intent.

Sanctions have reduced Russian oil exports to India by a quarter in February, with Indian refiners increasing oil imports from the US and Middle East. Indian imports from the US are set to rise, partly due to diplomatic pressure to balance trade. This adjustment comes as new sanctions disturb traditional trade patterns with Russia.

NTPC and EDF India have partnered to develop, own, and operate pumped hydro storage and other hydro projects, leveraging renewable energy. They plan to form a joint venture company pending government approval to work on these projects in India and neighboring countries, as well as explore distribution business opportunities.

The All India Power Engineers Federation (AIPEF) has called for a nationwide strike on June 26 to oppose the privatisation of electricity utilities and departments. The National Coordination Committee of Electricity Employees and Engineers (NCCOEEE) plans to hold conferences across the country and large rallies in Uttar Pradesh. They strongly criticized the privatisation of Chandigarh’s profitable power department.

Arunachal Pradesh has allocated 570.75 MW capacity across 35 small hydropower projects, expecting Rs 7000 Crore in investments and generating 7500 local jobs. Deputy Chief Minister Chowna Mein has committed support to the projects, urging developers to expedite work for timely completions and revenue generation.

Union Power Minister Manohar Lal has encouraged industry stakeholders to develop innovative solutions to boost India’s renewable energy targets. Highlighting the 500 GW RE target by 2030, he emphasized the importance of advancing power electronics, efficient transformers, and smart grid solutions to achieve this goal.

Union Petroleum and Natural Gas Minister Hardeep S Puri anticipates reduced energy prices due to increased global oil production, including from the USA, aiding inflation control. He clarifies India’s aim to procure oil at lower prices, not to shift away from dollar transactions.

Adani Power plans to set up 30 GW of nuclear power capacity to replace its thermal capacity, with potential international partnerships for technology. The shift aligns with India’s goal of 100 GW nuclear power by 2047. This move follows the government’s proposal to open the nuclear power sector to private companies and plans for five small modular reactors by 2033.

The successful revival plan is for an aggregate amount of Rs 3.51 crore, which will be paid to secured financial creditors of RBPL. Also, an upfront cash payment of Rs 4 crore will be infused into the company by the successful bidder, as per the resolution plan.