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Govt of India and Asian Development Bank (ADB) have signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu on Thursday. ADB is the lead partner for developing ECEC.

ReNew Power, has secured fresh debt financing of up to $350 million from the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution.

Siemens Gamesa Renewable Energy has secured a new order in India from ReNew Power, India’s largest renewable energy Independent Power Producer (IPP).

GE has implemented the first Predix Asset Performance Management (APM) solution in India for Tata Power’s thermal business.

India’s largest power generation company NTPC, that successfully auctioned 1.2 GW of capacity in its first wind energy tender recently, is now making its mark in the solar-wind hybrid.

One of the thermal units at Mettur generating 600 MW has been shut down as the coal scheduled to arrive from West Bengal and Odisha has been delayed due to the floods in the mines. Currently, the plan is to manage it with wind power and open market purchase as stopping a unit is just a precautionary measure, informs Vikram Kapur, Chairman, Tangedco

Due to a shortage of coal stocks, the state power utility switched off two plants near Chennai. This has resulted in a power shortage of 1,410 MW.

Due to the festive demand and increase in dry weather consumption, the electricity price rose to a record of Rs 12.95 per unit, while its peak hour price soared to Rs 8.78 a unit in spot market.