Torrent Power Invites Bids for 200 MW FDRE Project

13 Aug 2025 CW Team

Gujarat-based Torrent Power has called for bids to develop a 200 MW firm and dispatchable renewable energy (FDRE) project with an energy storage system (ESS), offering a greenshoe option of up to 100 MW. The bidding deadline is set for 30 August 2025.

Torrent Power Ltd (TPL), a distribution licensee in Gujarat, issued the tender to serve cities including Ahmedabad, Gandhinagar, Surat, Dahej SEZ, Dholera SIR, and Mandal Becharaji SIR. The project may be established at one or multiple locations to supply the contracted renewable energy capacity to Torrent Power’s distribution arm (TPL-D).

The successful bidder must maintain a monthly demand fulfilment ratio (DFR) of at least 75 per cent during both peak and non-peak hours. Renewable power, including energy stored in an ESS charged from renewable sources, will qualify for renewable purchase obligation (RPO) compliance. The RPO will be proportionally allocated among the renewable components, following the principle applied to hybrid plants.

In the event that the average DFR during peak or non-peak hours falls below 75 per cent in any month—except in cases of force majeure—the bidder will face a penalty equal to 1.5 times the PPA tariff for the shortfall in energy units.

The tender also stipulates that up to 5 per cent of the annual renewable energy, in energy terms, must be sourced from green market platforms or bilateral agreements to meet the supply commitments outlined in the tender and PPA.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..