India’s leading source for power sector news and analysis.

India Adani unit takes charge of Rajasthan Part I HVDC project AESL Projects Limited has taken over all responsibilities for the Rajasthan Part I Power Transmission Limited HVDC project through a novation agreement signed on November 14, 2025. The move transfers all rights and duties for the link that will move renewable energy from Rajasthan and Uttar Pradesh to the Adani Energy Solutions subsidiary. The project covers the design and execution of an HVDC link...

India CEA issues guidelines for tariff bidding in WTE projects The Central Electricity Authority has released guidelines under Section 63 of the Electricity Act 2003 for tariff-based competitive bidding to procure power from new grid-connected Waste to Energy projects. The rules set a uniform process for procurement and apply only to projects that use commercially proven technologies. They define the responsibilities of the implementing agency, the developer, and the procurer. The bidding process will follow...

India PXIL appoints Vivek Singla as Managing Director and CEO Power Exchange India Limited has appointed Vivek Singla as its Managing Director and Chief Executive Officer. Singla has over 35 years of experience in the power sector, covering generation, transmission, distribution, renewables, and green hydrogen. An alumnus of Delhi Institute of Technology, FMS Delhi University, and ISB Hyderabad, he is known for leadership in business transformation and deal structuring. Before joining PXIL, he served as...

India ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth ReNew Energy reported a 5.3% year-on-year decline in consolidated net profit to Rs 467.5 crore for Q2 FY26, compared to Rs 493.9 crore a year earlier, even as total income increased to Rs 3,855.7 crore from Rs 2,988.7 crore, driven by higher revenue across segments. The company’s solar module and cell manufacturing business contributed Rs 1,012.8 crore during the quarter....

India Waaree Renewable Technologies expands EPC contract by Rs 27.22 crore Waaree Renewable Technologies Ltd. has expanded the value of its existing engineering, procurement, and construction (EPC) contract for a 980 MWp / 700 MWac solar project by Rs 27.22 crore. The company received formal confirmation of the enhancement on November 10, 2025. With this revision, the total contract value now stands at Rs 1,017.82 crore, including taxes. The scope expansion applies to an ongoing...

India PFC, Schneider Electric, and KPI Green announce Q2 FY2025-26 results Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, up 2.06% from Rs 43.70 billion a year earlier. Revenue rose 11.82% to Rs 147.60 billion, supported by loan book expansion and cost efficiency. The results were approved by the board on November 7, 2025. Schneider Electric India’s net profit declined 3.5% year-on-year to Rs 52.3 crore, though...

India BHEL secures Rs 6,650 crore EPC order for Darlipali Stage-II project Bharat Heavy Electricals Limited (BHEL) has secured an engineering, procurement, and construction (EPC) order worth over Rs 6,650 crore from NTPC Limited for the 1×800 MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha. The contract, awarded through international competitive bidding, covers design, engineering, equipment supply, erection, commissioning, and civil works. Completion is scheduled within 48 months.  Pahal Solar announces 112 MW solar...

India INOX India, Suzlon Energy, and ACME Solar report Q2 FY26 results INOX India Ltd reported a 16% year-on-year revenue increase to Rs 371 crore in Q2 FY26, with EBITDA rising 18% to Rs 92 crore and profit after tax up 22.9% to Rs 62 crore. Export revenue stood at Rs 211 crore, contributing 57% to total income. For the first half of FY26, revenue reached Rs 723 crore, up 16.3%, with EBITDA at Rs...

India MNRE takes case-by-case approach on REIA bids The Ministry of New and Renewable Energy (MNRE) has decided against cancelling Renewable Energy Implementing Agency (REIA) projects in bulk and will assess each case individually. It aims to balance developer, DISCOM, and grid concerns as India moves toward storage-integrated renewable growth. REIAs have issued Letters of Award (LoAs) for 43,942 MW with unsigned Power Sale Agreements (PSAs), while 24,928 MW of PSAs have been finalized since...

India 93 GW renewable backlog triggers government action on unsigned PPAs and PSAs The Ministry of Power has instructed Renewable Energy Implementing Agencies (REIAs) to close or cancel pending renewable energy bids and Letters of Award (LoAs) by November 30, 2025, where Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) cannot be signed. The move follows a review chaired by Secretary (Power) Pankaj Agarwal on October 17, 2025. Since FY 2023-24, REIAs have tendered...

India NTPC posts marginal rise in Q2 profit despite lower revenue NTPC Limited posted a marginal 0.11% increase in consolidated net profit at Rs 4,653 crore for Q2 FY25, compared to Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% year-on-year to Rs 39,166 crore. Earnings before interest, tax, depreciation, and amortisation rose 3.4% to Rs 10,019 crore. Operating margin improved to 25.6% from 24% a year earlier. ADB approves...

India India and Nepal advance cross-border power transmission projects India and Nepal have signed agreements to develop two high-capacity cross-border transmission corridors to strengthen electricity trade and regional energy cooperation. Power Grid Corporation of India Limited (POWERGRID) and Nepal Electricity Authority (NEA) will form two joint venture entities, one in each country, to implement the projects. The transmission lines include the 400 kV Inaruwa–New Purnea and 400 kV Lamki Dododhara–Bareilly double circuit (quad moose) links....

India MNRE issues new SOP for wind turbine and component certification The Ministry of New and Renewable Energy (MNRE) has released a new Standard Operating Procedure (SOP) for the Approved List of Models and Manufacturers for Wind (ALMM-Wind) and the Wind Turbine Components list (ALMM-WTC), replacing the earlier Revised List of Models and Manufacturers (RLMM). The SOP sets a two-tier certification system covering turbines and their major components such as blades, towers, and gearboxes. Each...

India Shree Cement commissions 20 MWp solar plant in Uttar Pradesh Shree Cement has commissioned a 20 MWp solar power plant in Chitrakoot, Uttar Pradesh, to supply electricity to its Etah grinding unit. Phase 1 has achieved commercial operation after approval from the Uttar Pradesh State Load Dispatch Centre. Phase 2 will be completed by Q4 FY2025–26. The project will offset about 22,000 tonnes of CO₂ annually and has created 30–40 local jobs. With this...

Global: Saft wins 356 MWh BESS contract with Foxwell Power in Taiwan India: Inox Solar signs Rs 70 billion supply deal with China’s LONGi Ministry of Coal issues vesting orders for three commercial coal blocks NTPC Green, Paradip Port sign MoU on green hydrogen Pace Digitek wins SECI order for 1,200 MWh BESS in Andhra Pradesh Rayzon Solar secures SEBI approval for Rs 15 billion IPO Crompton wins Rs 4.45 billion rooftop solar project in...

Global: Japan to fast-track nuclear restarts to cut fuel costs Pakistan’s Balakot hydropower project completes river diversion India: MNRE launches REEIMS for monitoring renewable energy equipment imports RREC withdraws wind and hybrid project procedure NHPC begins wet commissioning of first unit at Subansiri Lower HEP SRPC allocates 50 MW from KKNPP Unit 1 for startup of Units 3 and 4 JSW Energy to start 5-GWh battery plant in Pune Opposition grows to Rs 20,000 crore...

Global: Rondo Energy commissions world’s largest industrial heat battery India: India supports 10 Pacific nations with solar power under UN partnership Juniper Green commissions 64 MW renewable projects Vikram Solar secures 149 MW module order from Sunsure Energy Bondada Engineering awarded Rs 1,050 crore Adani solar project in Gujarat EQT retains Zelestra India, appoints Parag Sharma as new CEO Keppel gains full control of Cleantech Solar, eyes $400 million sale Kalpataru Projects secures Rs 2,332...

Global: Bahrain launches tender for 150 MW solar power plant India: KPI Green Energy wins Rs 696.5 crore solar EPC project from SJVN REC completes transfer of two power transmission subsidiaries NHPC declares full commercial operation of Karnisar Solar Project NTPC Renewable adds 133.7 MW solar capacity at Khavda MPIDC seeks EoI for wind tunnel facility in Madhya Pradesh MNRE clarifies scope of Quality Control Order for solar storage batteries

Global: Germany introduces hydrogen capacity reservation framework from 2026 India: Uttar Pradesh plans 22 GW solar capacity with Rs 35,000 crore investment Avaada Electro files confidential papers with SEBI for IPO ACME Solar signs 50 MW FDRE PPA with Tata Power and commissions 28 MW wind project in Gujarat Mines Ministry revises mineral auction rules to speed up mine development Adani Power and Druk Green form JV for Wangchhu hydro project Vena Energy expands renewable...

India: SECI auction discovers lowest tariff for 2 GW solar with 1 GW/4 GWh storage Blueleaf and Jakson achieve financial close for 840 MWp Rajasthan solar projects CCI approves Vedanta’s acquisition of Jaiprakash Associates EIB Global to invest $60 million in India Energy Transition Fund Saatvik secures Rs 6.89 billion solar module orders across India Inox Wind to invest Rs 400 crore in Karnataka wind manufacturing unit DRDO and SECI to develop 300 MW solar...