Government Moves Ahead on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization
The Union Cabinet has approved the formation of a special purpose vehicle (SPV) to privatize the electricity distribution business in the Union Territory (UT) of Dadra & Nagar Haveli and ...
Torrent Power’s Revenue Jumps 17% YoY to ₹36.48 Billion in Q2 FY 2021
Gujarat-based power generator Torrent Power has recorded a revenue of ₹36.48 billion (~$487.55 million) in the second quarter (Q2) of the financial year (FY) 2022, a 17% year-over-year (YoY) growth from ...
Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion
Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited, and other nominal shareholders to acquire 100% of the share capital of Surya Vidyut ...
Torrent Power’s Revenue Inches Up To ₹31 Billion In Q1 FY 2022
Gujarat-based power generation company Torrent Power declared its financial results for the first quarter (Q1) of the financial year (FY) 2022 and recorded a 3.05% year-over-year (YoY) growth in its revenue from ...
Torrent Power Acquires 100% Stake in a 50 MW Solar Project in Maharashtra
Gujarat-based power generation company Torrent Power has signed an agreement with Lightsource India and Lightsource Renewable Energy to acquire 100% of the share capital and all securities of the special purpose ...
Regulator Approves Tariff of ₹2.22/kWh Discovered in Torrent’s 300 MW Solar Auction
The Gujarat Electricity Regulatory Commission (GERC) has approved Torrent Power to adopt the tariff discovered through a competitive bidding process for procuring power from grid-connected solar photovoltaic (PV) projects in ...
Torrent Power’s Total Income Up by 13% in FY 2021
Torrent Power has announced the results for the fourth quarter (Q4) of the financial year (FY) 2020-2021. As per the financial statement released by the company, the company reported a ...
Daily News Wrap-Up: Torrent Awarded PPA for 300 MW Solar Project in Gujarat
Here are some noteworthy cleantech announcements of the day from around the world: Power developer and generator Torrent Power Limited has been awarded a long-term power purchase agreement (PPA) for ...
Solar Tenders Rise by 27%, Auctions Up 163% in Q1 2021
Government agencies announced tenders for 10.6 GW of solar power projects in the first quarter (Q1) of 2021, an increase of 27% compared to 8.3 GW in the previous quarter, ...
Gujarat’s 500 MW Solar Tender Receives Strong Response
The Gujarat Urja Vikas Nigam Limited's (GUVNL) tender to purchase power from 500 MW of grid-connected solar projects (Phase XII) in the state has received a good response and has ...
Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power
The Bombay High Court has suspended the auction for a 51% equity stake in the power distribution company (DISCOM) for the Union Territory of Dadra and Nagar Haveli and Daman ...
Torrent Power’s Plea for Changes to ‘Force Majeure’ and ‘Change in Law’ Clauses Approved
The Gujarat Electricity Regulatory Commission (GERC) has approved the changes sought by Torrent Power to the 'force majeure' and the 'change in law' clauses in the draft power purchase agreement ...
Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli, Daman and Diu DISCOMs
Torrent Power has emerged as the highest bidder for the acquisition of the power distribution company (DISCOM) in the union territory of Dadra & Nagar Haveli, Daman and Diu, according ...
Torrent Power and Adani Green Winners in Gujarat’s 300 MW Solar Auction
Torrent Power Generation and Adani Green Energy are winners in Torrent Power Limited’s auction to develop 300 MW of grid-connected solar projects in Gujarat. Adani Green and Torrent Power quoted ...
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020
Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
Torrent Power Quotes the Lowest Bid of ₹2.47/kWh in Andhra’s 6.4 GW Solar Auction
Andhra’s solar auction for 6.4 GW of solar projects spread out over ten separate locations has resulted in tariffs ranging between ₹2.47 (~$0.033)/kWh to ₹2.58 (~$0.035)/kWh, according to an auction ...
Torrent Power Reissues Tender for Purchasing 300 MW of Solar in Gujarat
Torrent Power Limited has reissued the tender for the purchase of up to 300 MW of power from grid-connected solar projects in Gujarat. The last date to submit the bids ...
Gujarat’s 500 MW Auction Sets A New Record Low Solar Tariff of ₹1.99/kWh
The Gujarat Urja Vikas Nigam Limited's (GUVNL) (Phase XI) auction for 500 MW of solar projects has set a new record. In this auction, the lowest (L1) tariff reached ₹1.99 ...
Torrent Power Issues RfS for Procurement of 300 MW Solar Power from Projects in Gujarat
Torrent Power Limited (TPL) has issued Request for Selection (RfS) for the procurement of up to 300 MW of power from grid-connected solar photovoltaic power projects in Gujarat. A bidder ...
Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2,000 MW Auction
The Solar Energy Corporation of India (SECI) has successfully auctioned 2 GW of Inter-State Transmission system (ISTS)-connected wind projects under Tranche III. ReNew Power has won the bid to develop ...