Compared to the Rs 50,000 crore it spent between 2021 and 2025, Tata Power plans to spend 2.5 times as much capital over the following five years. Praveer Sinha, the company’s MD and CEO, said, “we will incur a capital expenditure of Rs 1.25 lakh crore between 2026 and 2030.” The organization would incur an…
The Maharashtra State Electricity Distribution Company Limited (MSEDCL), an arm of the Maharashtra government, has awarded a Letter of Award (LoA) to Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, for the development of a 400 MW wind-solar hybrid project in the state. The announcement was made on Wednesday. The company stated…
On Monday, Bharat Heavy Electricals Limited (BHEL) revealed that it had received orders totaling more than Rs 11,000 crore from Adani Power and Mahan Energen, a subsidiary of Adani Power, for the provision of equipment (such as boilers, turbines, and generators) and supervision of the erection and commissioning of three power projects located in Mahan,…
Investments of Rs 70,800 crore are planned by Tata Power Renewable Energy Ltd (TPREL) for renewable energy projects in Tamil Nadu. As to a regulatory filing on Tuesday, the company, which is a part of Tata Power, has inked two Memorandums of Understanding (MoUs) with the Tamil Nadu government to facilitate the advancement of the…
According to Fitch Ratings, strong industrial activity would likely fuel a 7% annual increase in domestic power demand in 2023–2024. The rating agency stated in a report that it anticipates a further shortening of the receivable days (or payment cycle) in the near future. Based on strong industrial activity, Fitch Ratings projects that India’s electricity…
On Monday, Tata Power Renewable Energy Ltd (TPREL) announced that it has reached a deal with Endurance Technologies Ltd for the construction of a 12.5 MW captive solar facility in Maharashtra. According to a statement from TPREL, it has already signed a Power Delivery Agreement (PDA) in this regard with Endurance Technologies Ltd. The plant…
The National Electricity Plan (NEP) for 2022–2032, with a proposed investment of Rs. 33,60,594 crore, was announced by the Central Electricity Authority (CEA) on Wednesday. The plan aims to increase the share of non-fossil fuel capacity to about 70%. “The share of non-fossil based capacity is expected to increase from around 42.5% at present to…
Coal Minister Pralhad Joshi announced on Wednesday that preparations are in the works to boost coal reserves at thermal power plants from 24 million tonnes (mt) to 40 mt by March 2023. As of Tuesday, coal reserves at coal-fired power plants stood at 24.6 mt, according to the National Power Portal. “Our coal inventories are…
