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Adani Acquires Project to Evacuate 7 GW of Renewable Energy from Khavda

Government-owned Power Finance Corporation (PFC) has transferred its special purpose vehicle Pune-III Transmission to Adani Energy Solutions, which emerged as the...

November 20, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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PFC’s Q2 FY 2025 Proft Rises 13.6%, Loan Asset Quality Improves

Government-owned Power Finance Corporation (PFC) has recorded a net profit of ₹43.70 billion (~$524.5 million) during the second quarter (Q2) of the financial year (FY)...

November 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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PGCIL Wins Project to Evacuate 5.5 GW Renewable Energy from Rajasthan

The Power Grid Corporation of India (PGCIL) has won PFC Consulting’s tender to evacuate 5.5 GW of renewable energy from the Jaisalmer/Barmer complex in  Rajasthan. The...

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Daily News Wrap-Up: UERC Sets ₹1.12/kWh Additional Surcharge for Open Access

The Uttarakhand Electricity Regulatory Commission (UERC) has determined an additional surcharge of ₹1.12 (~$0.013) per unit for open-access consumers from October 1,...

October 8, 2024

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Mercom Staff

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Daily Wrap-up
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PFC Secures Record Foreign Currency Loan of $1.265 Billion

Government-owned Power Finance Corporation (PFC) has announced the closure of its largest-ever foreign currency term loan, raising $1.265 billion. The deal was...

October 7, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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PFC Consulting Issues Tender to Evacuate 10 GW Renewable Energy in Rajasthan

PFC Consulting has invited bids to select a transmission service provider to set up an inter-state transmission system (ISTS) at Fatehgarh-II PS, Fatehgarh-IV PS...

October 3, 2024

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Arjun Joshi

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Grid

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Tenders & Auctions
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Daily News Wrap-Up: MSEDCL Awards 400 MW Wind-Solar Project to Tata Power

Tata Power Renewable Energy (TPREL) has won a contract to develop a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL)....

September 20, 2024

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Mercom Staff

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Daily Wrap-up
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PFC Invites Bids for Evacuating 3 GW of Renewable Energy from Gujarat

PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation (PFC), has invited bids to select a transmission service provider to establish an inter-state...

September 19, 2024

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Gautamee Hazarika

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Renewable Energy

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Tenders and Auctions
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PFC’s Profit Rises 20% YoY to ₹71.82 Billion in Q1 FY 2025

Government-owned Power Finance Corporation (PFC) has reported a 20% increase in consolidated Profit After Tax (PAT), rising from ₹59.82 billion (~$712.6 million) in the...

August 7, 2024

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Gautamee Hazarika

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Finance and M&A

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Other
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Powering the Future: Insights on Financing India’s Renewable Energy Projects

The “Financing the Renewable Energy Sector” session at the Mercom India Renewables Summit 2024 brought together key industry leaders to discuss the current...

July 31, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Sterlite Secures ₹13.7 Billion from PFC for Green Corridor Project

Power transmission company Sterlite Power has achieved financial closure for its Neemrana II Kotputli Transmission project by securing ₹13.73 billion (~$164.85 million)...

May 30, 2024

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Arjun Joshi

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Finance and M&A

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Grid
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Daily News Wrap-Up: Top Rooftop Solar Installers in 2023

Tata Power Solar, Amplus Solar, Roofsol Energy, Havells India, and Mahindra Solarize were the top rooftop solar companies in India during the calendar year (CY) 2023,...

May 16, 2024

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Mercom Staff

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Daily Wrap-up
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PFC Posts ₹75 Billion Net Profit in Q4 FY 2024, Loan Assets Rise 16% YoY

Government-owned Power Finance Corporation (PFC) recorded a total income of ₹241.76 billion (~$2.89 billion) for the fourth quarter (Q4) of the financial year (FY) of...

May 15, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: India’s Solar Generation Up 10% YoY in 2023

India generated around 104.83 billion units (BU) of solar power in the calendar year 2023, a 10.17% increase from 95.15 BU generated in 2022, according to the recent...

February 13, 2024

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Mercom Staff

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Daily Wrap-up
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PFC Posts ₹63 Billion Net Profit in Q3 FY2024, Loan Assets Rise 18.5% YoY

Government-owned Power Finance Corporation (PFC) recorded a net profit of ₹62.94 billion (~$758 million) during the third quarter (Q3) of the financial year (FY) of 2024,...

February 12, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy

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