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Supreme Court agrees to hear IEX plea against power market coupling order
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 to respond to the appeal.
China-like grid planning needed to meet renewable energy goal: MNRE secretary
India aims for 1,800 gigawatts of renewable energy by 2050. Achieving this requires a super grid, similar to China's. The government plans to spend $574 billion by 2030 on high-voltage lines. Enhanced grid infrastructure will address power evacuation challenges. Policymakers are working with states to ensure necessary equipment and storage systems are in place for better renewable energy integration.
Supreme Court rules consumers not liable for unused power plant tariffs
The Supreme Court has ruled that electricity consumers are not obligated to pay tariff charges for a power plant that has stopped supplying electricity. The apex court restored a previous order against Tata Power Delhi Distribution Ltd. This decision means consumers will not bear the cost of a plant that is no longer operational.
AERB clears equipment installation at Tamil Nadu's Kudankulam Nuclear Power Project Units 5 and 6
A significant milestone has been achieved at the Kudankulam Nuclear Power Project. The Atomic Energy Regulatory Board has approved the erection of major equipment for Units 5 and 6. This development brings India's nuclear energy program closer to expanding its clean and reliable power generation capacity. The approval follows extensive safety reviews, ensuring compliance with national and international standards.
L&T ships another steam generator early to Nuclear Power Corporation
Larsen & Toubro has dispatched its seventh 700 MWe steam generator to Nuclear Power Corporation of India Ltd ahead of schedule, aiming to accelerate India’s energy security push, with the equipment manufactured at its Gujarat facilities.
Telecom infrastructure, gear makers face disruptions
Telecom operations in India are facing significant challenges. The ongoing conflict in West Asia is disrupting tower connectivity and increasing costs for imported equipment. Restrictions on diesel sales are hindering essential refuelling for telecom towers. Power outages are also a concern, increasing reliance on diesel generators. Supply chains for tower manufacturing are affected, potentially delaying network expansion.
India’s power capacity to surge with renewables; NTPC top pick in sector: Bernstein
Bernstein’s Nikhil Nigania said India’s power sector is entering a major expansion phase, with installed capacity of about 525 GW expected to rise sharply as the country adds nearly 50 GW of renewable energy annually. While renewables will drive growth, transmission infrastructure remains a key bottleneck. Nigania prefers traditional power and transmission plays, naming NTPC as his top pick, while remaining cautious on renewable equipment makers due to potential margin pressure and supply-demand imbalances.
Sarda Energy shares gain 8% after SC dismisses plea of unsuccessful bidders for SKS Power acquisition
The Supreme Court order has cleared the final obstacle for Sarda Energy in acquiring SKS Power.
Supreme Court says repeated challenges by unsuccessful bidders erode IBC’s framework
The SC upheld the resolution plan of Sarda Energy & Minerals Ltd for SKS Power Generation (Chhattisgarh) and dismissed appeals filed by Torrent Power, Jindal Power and Singapore-based Vantage Point Asset Management
RDB infra shares extend rise to 2nd consecutive session, hit 5% upper circuit; check details
The company has presence in packaging, power and telecom transmission equipment, retail, logistics and real estate.