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Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

New Delhi Electricity Distribution Now Private

LCG, July 3, 2002--This week, two private companies took over responsibility for the distribution of electricity in the Indian capital, New Delhi, from the state-owned State Electricity Board.

New Delhi Power Minister Ajit Maken said that with Bombay Suburban Electricity Supply and Tata Power having been put in charge, "Consumers will gradually feel the difference."

The State Electricity Board reportedly lost 12 billion rupees ($250 million) over the past year because of power theft and transmission losses. While 2.6 million people out of the 10 million residents of New Delhi were customers of the utility, many did not pay for electricity, often taking power directly from overhead lines by informal means. Over one million meters are inoperable.

Tata Power's Firdose Vandrevala said, "Frequents power cuts will soon be history in the Indian capital." About one-quarter of power generated by the State Electricity Board is routinely lost through transmission and distribution.
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