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Tata Power’s Rs 15,000 Crore Investment in 2,800 MW Hydro Storage by 2028-29 – EQ

In Short : Tata Power’s significant investment of Rs 15,000 crore is earmarked for the development of a 2,800 MW hydro storage project by the fiscal year 2028-29. This underscores the company’s commitment to investing in large-scale hydroelectric storage infrastructure, contributing to India’s renewable energy goals and enhancing grid stability through energy storage solutions. In […]

Torrent Power gets letter of award to supply 150 MW renewable energy -EQ

Tata Power’s plan to reduce debt through InvIT gets delayed – EQ Mag Pro

The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure. Tata Power’s plans to reduce debt by hiving off its renewables energy businesses into an infrastructure investment trust (InvIT) has missed the March-end deadline. The company was planning to bring down its […]

Torrent Power gets letter of award to supply 150 MW renewable energy -EQ

Saudi fund looks for a stake in Tata Power’s green biz – EQ Mag Pro

The biz, tentatively called ‘consumer renewables’, will house all Tata Power assets except coal-fuelled power projects NEW DELHI : Saudi Arabia’s Public Investment Fund (PIF) in looking to buy a stake in Tata Power Co. Ltd’s green energy, power transmission and distribution businesses, according to two people aware of the development. The due diligence by […]

Torrent Power gets letter of award to supply 150 MW renewable energy -EQ

MERC Dismiss Tata Power’s Petition for GST Compensation

Tata Power Renewable Energy Limited (TPREL) filed a petition to Maharashtra Electricity Regulatory Commission (MERC) seeking Goods & Services Tax (GST) compensation. The commission released its final decision on this case on April 30, 2021 in which TPREL’s plea was dismissed. TPREL filed the initial petition on January 23, 2021 and later filed an amended […]

Petition seeking approval for procurement of 181.8 MW electricity and approval of Power Purchase Agreement (PPA) – EQ

Why A Renewables InvIT Is Critical For Tata Power’s Plan To Pare Debt

As shares of Tata Power Company Ltd. rose, tracking the equity rebound from pandemic-driven lows, investors also bet on the company’s plan to pare debt. But one key milestone for the planned deleveraging has missed the deadline. The power generator planned to hive off its renewables portfolio into an infrastructure investment trust. The InvIT transaction […]

Indosol unveils solar module plant in Telangana – EQ