NHPC’s Parbati-III Power Station is projected to see a significant revenue boost of Rs 224.70 crore following the commencement of operations at the 800-MW Parbati-II project in Himachal Pradesh. Power generation at Parbati-III is expected to increase substantially in 2025-26, driven by the operationalization of the Parbati-II hydroelectric project.

THDC India has successfully synchronized the first 250 MW unit of its 1,000 MW pumped storage plant at Tehri in pump condenser mode to the Indian grid. This achievement marks a significant step towards commissioning India’s first variable speed PSP. Upon completion, the Tehri hydro power complex will boast a total installed capacity of 2,400 MW.

As Western sanctions pressure Russia’s oil exports, three more Russian insurers, including Sberbank Insurance, seek India’s approval for marine insurance on oil shipments. This move aims to maintain deliveries to India, Russia’s top oil buyer, despite growing scrutiny and a G7 price cap. India is evaluating the applications, potentially increasing the number of approved Russian insurers to eight.

Indian energy importers, including Gail India and Indian Oil Corp, are increasingly turning to cheaper oil products like naphtha and propane due to elevated LNG prices caused by outages at export plants. This shift, resulting in lower LNG imports, frees up supply for other Asian and European buyers.