Himachal Pradesh Commission Approves Power Purchase Agreement

22 Jul 2024 CW Team

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has sanctioned a pivotal Power Purchase Agreement (PPA) aimed at bolstering the state's energy infrastructure. This agreement marks a significant milestone in Himachal Pradesh's efforts to secure reliable and sustainable electricity supply for its residents and industries.

The approved PPA involves the procurement of power from a renewable energy project, contributing to Himachal Pradesh's ambitious renewable energy targets. This initiative is part of the state government's broader strategy to enhance energy security, reduce dependency on conventional power sources, and promote eco-friendly energy solutions.

HPERC's approval underscores its commitment to fostering a conducive environment for renewable energy investments and ensuring regulatory support for sustainable development. The PPA's endorsement is expected to facilitate the timely execution of the renewable energy project, thereby boosting electricity generation capacity and meeting growing energy demands in the state.

With the regulatory clearance in place, Himachal Pradesh is poised to accelerate its renewable energy transition, harnessing clean and green power sources to achieve energy sustainability goals. The approved PPA not only strengthens the state's renewable energy portfolio but also reinforces its position as a proactive contributor to India's renewable energy trajectory.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..