Punjab State Power Corporation Issues Tender To Procure One GW Solar

23 Feb 2026 CW Team

Punjab State Power Corporation has issued a tender to procure one gigawatt (GW) of solar power through a competitive bidding process. The tender calls for developers to supply utility scale solar generation capacity to augment the state grid and meet rising demand. The procurement is intended to expand renewable generation and support the transition to a cleaner energy mix.

The procurement notice sets out technical and financial qualification criteria and envisages connection to the existing transmission network to ensure stability of supply. The corporation has emphasised the need for firm delivery schedules and adherence to grid codes while allowing for hybrid or standalone solar projects as per developer proposals. Bidders are expected to propose viable project timelines and demonstrate experience in construction and operation of large scale solar assets.

The move forms part of broader efforts by the state to increase renewable energy penetration and reduce dependence on fossil fuel generation. Officials view the tender as a step to attract investment, support local manufacturing where feasible, and foster competition to secure cost effective power. The procurement is also expected to assist in meeting regional targets for lowering carbon emissions and enhancing energy security.

The tender documentation provides for transparent evaluation and award on merit, with provisions for performance guarantees and penalty clauses to mitigate delivery risks. Market participants will monitor the process for opportunities to deploy capital and scale up capacity in the state, while transmission planners will assess integration requirements. The procurement of one GW of solar capacity is likely to have a tangible impact on the state power mix if awarded and executed as envisaged. Stakeholders will seek clarity on timelines and contractual terms during the bid stage.

Infrastructure Urban

23 Feb 2026

CCI Approves Internal Reorganisation Of BCCL Businesses Into THPL

The Competition Commission of India (CCI) has approved an internal reorganisation under which Bennett Coleman & Company Limited (BCCL) will transfer certain entities, businesses, undertakings, assets and liabilities to Times Horizon Private Limited (THPL) on a going concern basis. The approval covers a proposed combination that is intended to effect a demerger of the identified businesses into the newly created entity. The CCI indicated that detailed orders will follow. The proposed transfer pertains to the demerger of the entities, businesses, undertakings, assets and liabilities described as..

CCI Approves Acquisition Of Portfolio Management Services Business

The Competition Commission of India (CCI) has approved an acquisition in which Axis Asset Management Company Limited (Acquirer) will acquire the portfolio management services business of Axis Securities Limited (Transferor) in India. The proposed combination is an acquisition of the target business from the transferor and has been authorised under the merger control framework. The announcement clarifies that the transaction relates specifically to the portfolio management services activities of the transferor within the Indian jurisdiction. The acquirer manages a mutual fund business and is en..

Hyderabad Airport Handles 31 Million (mn), Eyes Transit Hub Push

Hyderabad airport (HIA) handled 31 million (mn) passengers in 2025, marking a notable rise in traffic and reinforcing ambitions to develop into a regional transit hub. The airport management attributed the increase to expanded flight frequencies and higher connectivity across domestic and international routes. The figures were presented alongside plans to enhance transit services and streamline passenger flows. Officials said that network expansion by carriers and improved slot utilisation contributed to the traffic growth, while ancillary services and ground handling improvements supported op..