TAG: "PSP"

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India Meets Record Power Demand of 250 GW in FY 2024-25, Boosts RE and Transmission Infrastructure

India's power sector met a record 250 GW demand in FY 2024-25, with notable progress in renewable energy and transmission. The key developments include improved rural electrification, new thermal and hydro projects, and ambitious plans for expanding transmission and sustainability.

PSP | January 02, 2025 | By EI News Network | 664

CERC Issues Clarifications and Amendments to DSM Regulations, Effective December 2024

The CERC's DSM Regulations 2024 clarifies provisions on infirm power, grid stability, and deviations. Effective from December 23, 2024, it addresses stakeholder concerns, trial run procedures, and charges, without retrospective applicability.

PSP | December 23, 2024 | By EI News Network | 940

ESS Essential for India’s Grid Stability Amid Renewable Growth- SBI CAPS' Report

SBI Caps’ report highlights the vital role of energy storage systems (ESS) in stabilising India’s power grid, projecting significant growth in storage capacity by FY32 to support the country’s renewable energy transition and ensure grid reliability.

PSP | November 06, 2024 | By EI News Network | 1056

MOP Releases PSP Bidding and Procurement Guidelines, Seeks Public Feedback

The Ministry of Power has unveiled draft guidelines for the procurement of storage capacity and stored energy from Pumped Storage Plants (PSPs) through competitive bidding, inviting public comments. These guidelines aim to standardise the procurement process and address the unique challenges of PSPs.

PSP | August 27, 2024 | By EI News Network | 1192

India's Energy Storage Sector Primed for Growth, Pumped Storage Leads the Charge

Policy measures and increasing renewable purchase obligation (RPO) targets are providing impetus for the adoption of storage solutions, positioning the sector for substantial growth.

PSP | February 22, 2024 | By Abha Rustagi | 1370

Power Minister Unveils Comprehensive Plan to Boost Hydro Power and RE Capacity

The Ministry of Power has issued guidelines to promote PSP development, emphasizing their utility in grid stabilization and meeting peak power demand.

PSP | December 28, 2023 | By Abha Rustagi | 1731

KKR, Ontario Teachers’ and PSP Investments Complete Acquisition of Spark Infrastructure in about A$5.2 Bn

KKR, Ontario Teachers’ Pension Plan Board and Public Sector Pension Investment Board announced the completion of the acquisition of all issued securities of Spark Infrastructure in an all-cash transaction for approximately A$5.2 billion. All regulatory approvals have been obtained.

PSP | December 23, 2021 | By News Bureau | 3603