IEX records a 24.7% increase in electricity volumes

04 Jul 2024 CW Team

With a total of 10,185 million units (MU), the Indian Energy Exchange (IEX) reported a 24.7% rise in power volumes for June 2024. The volume for the month increased to 10,677 MU with certificates, representing 19.4% year-over-year growth. IEX reached a total electricity volume of 28,178 MU in the first quarter of the fiscal year 2025, a 19% increase over the previous year. With certificates included, the total volume for the period was 30,354 MU, up 20.8% from the first quarter of FY2024. India's energy consumption for the quarter was 452 billion units (BUs), up 11.2% from the first quarter of the previous fiscal year due to hot weather that caused a spike in the demand for power. Peak demand in the nation for the quarter was 250 gigawatts (GW), above the previous record of 243 GW that was established in September of the previous year. With a volume of 4,849 MU in June 2024, the Day Ahead Market (DAM) saw a rise of 18.2% from June 2023. 3,213 MU were traded on the Real-Time Electricity Market (RTM), a 20.1% increase from the previous year. A noteworthy development was the 680 MU volume reported by the Green Day-Ahead Market (G-DAM) at a weighted average price of Rs 4.14 per unit, up 309.5% from June 2023. The Green Term-Ahead Market (G-TAM) traded 64 MU at an average monthly price of Rs. 8.88 per unit for non-solar energy.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..