Govt May Extend Deadline for Mega Power Projects to Sign PPAs

21 May 2025 CW Team

The Indian government is considering extending the timeline for power projects under the Mega Power Policy by two to three years to allow additional time for signing power purchase agreements (PPAs). The proposed extension aims to assist projects that have not yet secured or only partially secured long-term agreements with distribution companies.

At least six projects with a combined capacity of eight gigawatts could benefit. Of this, nearly four gigawatts remain untied, placing Rs 40 billion worth of bank guarantees at risk. Granting more time would allow developers to finalise PPAs and recover these guarantees.

The Mega Power Policy, introduced in 2009, offers benefits such as customs and excise duty exemptions. To qualify, developers must sign long-term PPAs — a requirement made difficult by limited procurement tenders from states.

A similar extension was granted in 2022, increasing the certification deadline from ten to thirteen years for ten provisional projects. The new proposal follows this precedent, aiming to support project viability amid changing market conditions.

By easing financial pressure, the extension could improve developer confidence and help advance India’s energy goals through timely project execution.

Source:EQ Magazine

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..