CPDL Secures 25-Year Solar and Battery Storage Agreement with SECI

Chandigarh Power Distribution Ltd (CPDL) announced a 25-year power purchase agreement with Solar Energy Corporation of India (SECI) to procure 50 MW of solar power, including battery energy storage, for Chandigarh. This initiative is projected to supply around 135 million units of electricity annually, contributing to a reduction of over 96 tonnes of CO2 emissions per year.

The agreement, signed under SECI's Inter-State Transmission System (ISTS) Tranche XX, will utilize solar power to meet daytime electricity demand. The integrated battery storage system will store excess electricity for supply during nighttime hours or when solar generation is unavailable, enhancing the city's power management capabilities. This marks Chandigarh's first solar power connection to the ISTS, advancing its renewable energy integration efforts.

Waaree Transpower to Invest ₹192 Crore in New Transformer Manufacturing Facility

Waaree Transpower, a subsidiary of Waaree Energies Ltd, will invest approximately ₹192 crore to construct a new transformer manufacturing facility. The facility is projected to be operational by April 2027 and will enable the production of transformers for 132 kV, 220 kV, and 400 kV voltage classes. This investment is intended to bolster the company's capacity to address the growing demand within India's power transmission and renewable energy sectors.

The new facility, designed for 500 MVA, 400 kV manufacturing, reflects confidence in the expansion of India's power infrastructure and the rising need for reliable, high-voltage transformation capacity. The company's current order book stands at approximately ₹360 crore for execution during FY 2026–27, providing a foundation for its growth and capacity expansion. This initiative supports the integration of large-scale renewable energy generation and energy storage into the grid by strengthening transmission and distribution infrastructure.

Energy Firms Nearing Final Agreements in Venezuela

Sources indicate that GE Vernova, alongside Chevron, ONGC, Eni, and GeoPark, is on the verge of signing final agreements in Venezuela. These pacts, which could be formalized as early as this week, follow months of negotiations aimed at solidifying energy projects within the OPEC nation. The agreements are distinct from a broader Caracas-Washington accord announced last week, which secures a stake for the United States in 17 oilfields containing approximately 64 billion barrels of proven reserves, representing a fifth of Venezuela's total crude reserves.

Eni has confirmed its collaboration with Venezuelan counterparts and other authorities to support the revitalization of the country's energy sector. As of the report, Chevron, GE Vernova, ONGC, and GeoPark had not responded to requests for comment regarding these developments.