The adjustment is expected to streamline compliance and provide greater clarity for bidders participating in government tenders. The Ministry of New & Renewable Energy (MNRE) has amended its guidelines for the Approved List of Models & Manufacturers (ALMM) for solar photovoltaic (PV) cells. Under the revision, the mandate to use domestically listed PV cells will...
Category: Power & New and Renewable Energy
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India’s ₹35 Trillion Energy Push Hinges on States, Says Puri at Urja Varta
The Union Minister for Petroleum and Natural Gas called on states to step forward with leadership and initiative to capitalise on the opportunities arising from India’s energy transformation. The Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, has called on states to take the lead in India’s energy transformation, urging them to capitalise...
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Solar Now Far Cheaper Than Conventional Energy as Tariffs Fall: Joshi
The Union Minister for New & Renewable Energy spotlighted India’s investor-friendly clean energy policies as a driving force in the global energy transition at a renewable energy summit in Mumbai. Speaking a day after India surpassed 44 per cent non-fossil fuel capacity, reaching its 2030 target five years ahead of schedule, Prahlad Venkatesh Joshi, Union...
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India Surpasses Clean Energy Goal with 50% of Grid Now Powered by Non-Fossil Sources
Despite having one of the lowest per capita emissions globally, India remains among the few G20 countries that are on track to meet, or even exceed, commitments made at the Paris Climate Agreement. India, the world’s fastest-growing renewable energy market, achieved 50 per cent of its installed electricity capacity from non-fossil fuel sources a full...
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Invest in IREDA Bonds to Support India’s Green Energy Transition and Save Tax
Bonds issued by the Indian Renewable Energy Development Agency (IREDA) on or after 9 July 2025, and redeemable after five years, will now qualify for capital gains tax exemption under Section 54EC of the Income Tax Act, 1961, according to a government notification. The Indian Renewable Energy Development Agency (IREDA) has secured a significant policy...
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Tata Sons’ Chandrasekaran Outlines Energy Transition Runway Amid Group’s Moment of Reflection
Chandrasekaran said that as one of India’s biggest integrated power players, the group company Tata Power was well-equipped to play a leadership role in the country’s transition to clean energy sources. In times of crisis, true leaders rise to the occasion. Natarajan Chandrasekaran, Chairman of Tata Sons, did just that by making India’s great energy...
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India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
While major global economies are advancing digitalised energy frameworks, the India Energy Stack may be the most ambitious attempt by any country to integrate public infrastructure at scale through a unified ‘stack’ architecture. Following the success of Aadhaar as a national identity card and UPI for digital payments, the government announced an India Energy Stack...
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REC Wins Leading CSR and Sustainability Award for Healthcare Support
REC, a Maharatna central public sector enterprise (CPSE) and a leading non-banking finance company under the Ministry of Power, has been conferred with the Corporate Social Responsibility & Sustainability Award 2024 in the category of ‘Excellence in Providing Support to Healthcare’ by the industry chamber ASSOCHAM. The award was presented during the sixth edition of the...
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REC Reports Strong Profit Growth
Power sector financier, REC, has reported a robust profit after tax of Rs.157.13 billion for the financial year ended March 31, 2025, driven by strong growth across all verticals, recalibration of interest rates on loan assets, and effective financial cost management. Earnings per share rose to Rs.59.55, up from Rs.53.11 in the previous year. The...
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India Calls for Inclusive Energy Governance at BRICS Meet
Inviting BRICS nations to participate in the 2026 BRICS Energy Gathering in India, Manohar Lal Khattar, Union Minister for Power, highlighted energy security as one of the most pressing global challenges. Speaking at the BRICS Energy Ministers’ Meeting in Brasília on May 19, he emphasised the need to strengthen BRICS cooperation to ensure economic stability,...