Power Sector News Roundup for May 26, 2025
India: Promethean Energy raises $2 million to scale clean heat solutions in Asia Bondada to develop 2,000 MW solar project in Andhra Pradesh NTPC, GUVNL, and HESCOM issue fresh bids for over 1.1 GW of renewable energy projects Juno Joule and Select Energy to build green ammonia plant in Andhra Pradesh MIEPL to build 200 MW solar module plant for CEL in Ghaziabad Power Ministry reinforces RCO rules for CPPs and open access users NHPC…
Promethean Energy raises $2 million to scale clean heat solutions in Asia
Promethean Energy has secured $2 million in a Pre-Series A funding round led by Transition VC. Other participants included Sangam Venture, Sagana Capital, and Fondation Botnar. The Mumbai-based clean technology company will use the funds to expand its product line, scale operations, and strengthen its presence across India and Southeast Asia. It also plans to build a national network of sales and service engineers. The company is developing an AI-powered platform for thermal energy optimisation…
Bondada to develop 2,000 MW solar project in Andhra Pradesh
The Government of Andhra Pradesh (GoAP) has allocated a 2,000 MW (2,600 MWp) solar power project to Bondada Engineering Limited. The project was awarded on May 22, 2025, and will be developed over the next 24 months at an estimated cost of Rs 90 billion. The rollout of the project will be phased. A 250 MW capacity will be commissioned by FY 2026, 750 MW by FY 2027, and the remaining 1,000 MW by FY…
NTPC, GUVNL, and HESCOM issue bids for over 1.1 GW RE projects
NTPC Green Energy Limited (NGEL), a fully owned subsidiary of NTPC Limited, re-invited bids on May 23, 2025, for the Balance of System (BoS) package to develop 600 MW of Inter-State Transmission System (ISTS)-connected wind power projects in Kurnool, Andhra Pradesh. The bid submission deadline is June 26, 2025. This follows an earlier tender issued in November 2023 for 1,200 MW of ISTS-connected wind projects, with a greenshoe option of 300 MW. The current scope…
Juno Joule and Select Energy to build green ammonia plant in Andhra Pradesh
Juno Joule Green Energy Private Limited has signed a memorandum of understanding (MoU) with Germany’s Select Energy GmbH to co-develop a green hydrogen and ammonia export facility at Mulapeta port in Andhra Pradesh. The total investment for the project is estimated at $1.3 billion. The facility will be developed in three phases. By 2029, it aims to produce 180,000 tonnes of green hydrogen annually. This will be converted into up to one million tonnes of…
MIEPL to build 200 MW solar module plant for CEL in Ghaziabad
Multi Infrastructure and Engineering Private Limited (MIEPL) has secured a contract from Central Electronics Limited (CEL) to set up a 200 MW solar module manufacturing facility in Ghaziabad, Uttar Pradesh. The project tender was floated by CEL in April 2025. It will be implemented on a revenue-sharing model under the Make in India initiative. MIEPL stated that the new facility will help scale up domestic solar module production. The move is aimed at cutting import…
Power Ministry reinforces RCO rules for CPPs and open access users
The Ministry of Power (MoP) and the Bureau of Energy Efficiency (BEE) have issued fresh directives to ensure compliance with the Renewable Consumption Obligations (RCO) framework. This applies to designated consumers, including captive power plants (CPPs) and open access (OA) users. The RCO system stems from amendments made to the Energy Conservation Act, 2001 in 2022. It replaces older Renewable Purchase Obligation (RPO) guidelines and mandates a rising share of renewable energy use each year…
NHPC net profit falls 14.68% to Rs 34.12 billion in FY25
NHPC Limited reported a standalone net profit of Rs 34.12 billion in 2024-25, down 14.68% from Rs 39.99 billion in the previous year. The decline was partly due to one-time provisions and arbitration-related expenses. Total income rose 6.69% to Rs 117.29 billion, up from Rs 109.94 billion in 2023-24. Revenue from operations stood at Rs 89.94 billion. For Q4 FY25, NHPC posted a net profit of Rs 8.94 billion. Total expenses for the year reached…
Delhi raises rooftop solar subsidy to Rs 108,000 per household
The Delhi government has approved an additional subsidy of Rs 30,000 for installing 3 kW rooftop solar systems. This is over and above the Rs 78,000 subsidy provided by the central government under the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), bringing the total subsidy support to Rs 108,000. Households installing such systems can expect average monthly savings of around Rs 4,200. As of March 26, 2025, about 3,476 households in Delhi have availed the…