Rooftop solar adoption in Mumbai is gaining rapid momentum, powered by the PM Surya Ghar Muft Bijli Yojana, one of the world’s largest government-backed programmes encouraging households to generate their own electricity. At a time when the world is reeling under energy shocks and heatwaves triggered by the El Niño phenomenon, India’s commercial capital offers...
Category: Power & New and Renewable Energy
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S&P Urges Breaking Barriers as India Growth Outlook Moderates
A report by the global consultancy says the energy shock could be an opportunity to tackle tactical issues and clear roadblocks, helping the world’s fastest‑growing major economy achieve longer‑term growth and sustainability goals. The energy price surge and supply constraints triggered by the conflict in West Asia are feeding into broader economic stress for India,...
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Bhutan, World Bank Seal $515 Million Pact for Dorjilung Hydropower
A PPP between state‑owned Druk Green Power Corp. and India’s Tata Power, the project is expected to lift Bhutan’s GDP by 2.4 per cent, generate jobs, and spur entrepreneurship across manufacturing, tourism, and small businesses. The Government of Bhutan and the World Bank have signed financing agreements worth $515 million for the 1,125 MW Dorjilung...
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REC Posts Record ₹162.8 Billion Profit, Declares Highest Dividend
The company’s net worth strengthened to ₹842.9 billion by March 31, 2026, compared with ₹776.4 billion a year earlier, reflecting a 9 per cent rise. Despite global macroeconomic headwinds and geopolitical uncertainty, REC Ltd has reported its highest‑ever annual net profit of ₹162.8 billion for the financial year ended March 31, 2026. The state‑run financier...
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Global Wind Installations Surge 40% as Sector Charts Path Beyond Energy Crisis
Led by China and India, Asia accounted for 80 per cent of new global wind capacity, while Europe, North America, Africa and the Middle East exceeded forecasts with significant project volumes. The global wind industry installed a record‑breaking 165 gigawatts (GW) of new wind capacity last year, with China, the US and India leading additions...
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Polaris Smart Metering Secures $80 Million BII Financing to Accelerate India’s Smart Meter Rollout
The financing will drive the rollout of over 2.2 million smart meters in West Bengal, expanding Polaris’ advanced metering infrastructure (AMI) footprint and reinforcing its role in India’s energy transition. Polaris Smart Metering Pvt. Ltd, an I Squared Capital portfolio company and one of India’s leading integrated smart metering and digital energy infrastructure players, has...
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POWERGRID Wins Green World Award 2026 for Climate Change Excellence
The international recognition commends the company’s initiatives in promoting energy‑efficient transmission infrastructure and integrating sustainability into project execution. Power Grid Corp. of India Ltd (POWERGRID), a Maharatna public sector company under the Union Ministry of Power, has been honoured with the Green World Award 2026 in the climate change category. The award was presented at...
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JAKSON Group Unveils Five Energy Solutions, Eyes Over ₹90 Billion Growth for FY2026‑27
This expansion marks a pivotal step in the group’s journey to build a comprehensive, future‑ready energy ecosystem, reinforcing its presence across power generation, energy storage, solar adoption, and cleaner conventional solutions. JAKSON Group, one of India’s leading energy and infrastructure conglomerates, has announced a major expansion of its energy solutions portfolio with five new products...
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India and Bhutan Sign Tariff Protocol for Punatsangchhu‑II, Strengthening Hydropower Partnership
The two countries also signed a technical agreement designed to enhance grid stability, boost efficiency in electricity trade, and streamline bilateral cooperation. India and Bhutan have signed the tariff protocol of the Punatsangchhu‑II Hydroelectric Project, marking another step in their mutually beneficial hydropower cooperation. The agreement was signed on Thursday during Union Power Minister Manohar...
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India-Bhutan Hydropower Push: Minister Manohar Lal’s 4-Day Visit to Drive Projects, Trade
During the visit, the minister will review progress on key bilateral hydropower projects, notably the 1,200 MW Punatsangchhu-I and 1,020 MW Punatsangchhu-II, which remain central to India-Bhutan energy cooperation. Union Minister of Power, Manohar Lal, embarked on a four-day official visit to Bhutan on Thursday to further strengthen the longstanding partnership between India and Bhutan,...