+
Eleven Eyes Haryana Power Distribution Market With Rs 47 bn Investment
POWER & RENEWABLE ENERGY

Eleven Eyes Haryana Power Distribution Market With Rs 47 bn Investment

Eleven, a diversified group with interests across healthcare, financial services, insurance and technology, has applied for a parallel electricity distribution licence in Haryana through its power distribution arm Eleven Power and has proposed an investment of Rs 47 billion (bn) to develop a renewable energy-led power distribution network across Gurugram and Nuh. The proposal is subject to regulatory approval from the Haryana Electricity Regulatory Commission (HERC). The filing was presented as part of the state framework for parallel distribution.

The proposed distribution network will be primarily powered by renewable energy and is intended to provide an uninterrupted electricity supply while reducing dependence on diesel generator backup. The project is intended to support cleaner and more reliable power distribution in the two districts while expanding consumer choice under Haryana's parallel distribution framework. It aims to integrate a greater share of renewable generation into local supply arrangements.

Under the first phase the rollout will begin in Nuh where consumers will have the option to switch to the new electricity supplier if the licence is approved. The existing distribution utility will continue to operate its network and will retain consumers who choose not to switch. The model is designed to coexist with the incumbent provider while offering alternatives to end users.

The company indicated that funding for the first phase has already been secured with equity infused and a debt equity financing structure in place. The proposed Rs 47 bn investment is expected to support creation of a future-ready electricity distribution network as Haryana seeks to strengthen power infrastructure. The plan is aligned with broader efforts to integrate distributed renewable resources and to improve resilience of supply.

The proposal will remain subject to the HERC regulatory process and the group will proceed only after approvals are in place. The move is presented as part of attempts to expand consumer choice and to reduce reliance on conventional backup sources. Market observers will watch regulatory deliberations as Haryana implements the parallel distribution framework.

Eleven, a diversified group with interests across healthcare, financial services, insurance and technology, has applied for a parallel electricity distribution licence in Haryana through its power distribution arm Eleven Power and has proposed an investment of Rs 47 billion (bn) to develop a renewable energy-led power distribution network across Gurugram and Nuh. The proposal is subject to regulatory approval from the Haryana Electricity Regulatory Commission (HERC). The filing was presented as part of the state framework for parallel distribution. The proposed distribution network will be primarily powered by renewable energy and is intended to provide an uninterrupted electricity supply while reducing dependence on diesel generator backup. The project is intended to support cleaner and more reliable power distribution in the two districts while expanding consumer choice under Haryana's parallel distribution framework. It aims to integrate a greater share of renewable generation into local supply arrangements. Under the first phase the rollout will begin in Nuh where consumers will have the option to switch to the new electricity supplier if the licence is approved. The existing distribution utility will continue to operate its network and will retain consumers who choose not to switch. The model is designed to coexist with the incumbent provider while offering alternatives to end users. The company indicated that funding for the first phase has already been secured with equity infused and a debt equity financing structure in place. The proposed Rs 47 bn investment is expected to support creation of a future-ready electricity distribution network as Haryana seeks to strengthen power infrastructure. The plan is aligned with broader efforts to integrate distributed renewable resources and to improve resilience of supply. The proposal will remain subject to the HERC regulatory process and the group will proceed only after approvals are in place. The move is presented as part of attempts to expand consumer choice and to reduce reliance on conventional backup sources. Market observers will watch regulatory deliberations as Haryana implements the parallel distribution framework.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Alternative Fuels Overtake Petrol As August Retail Peaks

The Indian automobile industry recorded its best-ever August retail as alternative fuels such as compressed natural gas, hybrid and electric vehicles combined overtook petrol in the passenger vehicle segment for the first time. The shift coincided with oil price rises linked to the war in the Middle East and a cooled public response to higher ethanol content in petrol. Dealers attributed stronger demand to lower running costs and concerns over the E20 petrol transition. Data released by the Federation of Automobile Dealers Associations (FADA) showed total vehicle retail registrations in August..

Next Story
Infrastructure Urban

Singapore Minister Defends SIA Investment In Air India

Singapore government defended Singapore Airlines' investment in Air India after two weeks of public scrutiny over a funding request, saying the flag carrier must expand overseas and that outcomes are for the company and its shareholders to judge. The remarks in parliament followed reports that Air India had sought about US$1.5 billion (US$1.5 bn) of fresh equity from owners Tata Sons and Singapore Airlines. The issue drew attention because Singapore Airlines is majority-owned by Temasek and raised questions about Temasek's role. Officials framed the matter as a commercial decision rather than ..

Next Story
Infrastructure Transport

IndiGo To Begin Guwahati Bangkok Flights

IndiGo will launch non-stop flights between Guwahati and Bangkok from 27 October 2026, marking the carrier's first international operations from the city. A special inaugural service will operate on 27 October, with regular twice a week flights scheduled from 31 October on Wednesdays and Saturdays, subject to regulatory approvals. The new link will provide direct connectivity between Northeast India and Thailand and expand the airline's India–Thailand network. The inaugural Bangkok to Guwahati sector, flight 6E1086, is scheduled to depart Bangkok at 8:50 am and arrive in Guwahati at 10:25 am..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code