Power Sector News Roundup for June 13, 2025

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Global: World Bank lifts nuclear funding ban for developing nations Carbon pricing revenues exceed $100bn in 2024 India: L&T secures civil works contract for 1,500 MW Bhavali pumped storage project Sugs Lloyd wins T&D contracts in Bihar and Odisha KP Green bags orders across solar, transmission, railways CCI approves Havells’ investment in Goldi Solar PFC withdraws Rs 20 billion zero-coupon bond issue NCLT approves merger of Inox Wind Energy with Inox Wind Waaree signs PPA…

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MNRE revises wind turbine prototype rules to support safer innovation

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The Ministry of New and Renewable Energy (MNRE) has introduced new rules to guide the installation and testing of prototype wind turbines. The guidelines allow limited grid access to test turbines while enforcing clear safety, certification, and maintenance requirements. The goal is to support innovation in wind technology without compromising reliability. Issued on June 12, 2025, these rules replace earlier frameworks from 2012 and 2016. The new framework, rolled out by MNRE’s Wind Energy Division,…

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India plans Rs 900 billion investment in undersea power links to Gulf nations

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The Government of India is planning to invest Rs 900 billion in setting up undersea power transmission cables to the Middle East. The proposed investment includes Rs 470 billion for the India–Saudi Arabia interconnection and Rs 430 billion for the India–UAE interconnection. These sub-sea links are part of a broader regional power integration strategy. Other proposed interconnections include India–Sri Lanka (1,000 MW over 120 km), Odisha (Paradeep)–Andaman (500 MW over 1,150 km), India–Singapore (2,000 MW…

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Carbon pricing revenues exceed $100bn in 2024

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The World Bank’s State and Trends of Carbon Pricing 2025 report shows global carbon pricing revenues surpassed US$100 billion in 2024, with over 50 per cent allocated to environmental, infrastructure, and development projects. This marks a threefold increase in revenue over the past decade and underscores carbon pricing’s fiscal and climate relevance. As of 2025, 80 carbon pricing instruments are in effect globally—a net increase of five in the last year. All large middle-income economies…

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World Bank lifts nuclear funding ban for developing nations

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The World Bank has ended its 2013 ban on financing nuclear energy projects in developing countries. The decision, reported by Reuters, reflects a shift in response to rising electricity demand and a push for energy diversification. Under the new strategy, the Bank will support countries in developing nuclear power, including life-extension of existing reactors and small modular reactor (SMR) deployment. The World Bank Group will work with the International Atomic Energy Agency (IAEA) on safeguards,…

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Union Power Minister urges water cess waiver in J&K

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Union Minister of Power and Housing & Urban Affairs, Shri Manohar Lal, reviewed the power and urban development sector in Jammu & Kashmir during his visit to Srinagar. He urged the Union Territory (UT) to consider waiving the water cess on hydro projects to lower electricity costs for consumers. The Union Minister inaugurated several transmission infrastructure upgrades, including: 132/33 kV Grid Station, Awantipora – Capacity increased from 145 MVA to 175 MVA Grid Station, Wanpoh…

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SEPC Power wins contract for 133 MW solar in Maharashtra

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SEPC Power Private Limited has received a Letter of Award (LoA) worth Rs 6,500 million from Parmeshi Urja Limited on June 10, 2025. The contract is for setting up a cumulative 133 MW decentralised solar power capacity in Maharashtra. Parmeshi Urja is a wholly-owned subsidiary of India Power Corporation Limited (IPCL). The project is part of a broader 225 MW decentralised solar initiative for feeder-level solarisation under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0….

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Teerth Gopicon wins civil works contract for Jalaun Solar Park

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Teerth Gopicon Private Limited has secured a Letter of Award (LoA) worth Rs 202.02 million for civil works under Package-I of the 1,200 MW Jalaun Solar Power Park Project in Uttar Pradesh.  The award, issued on June 10, 2025, covers civil works for developing a 600 MW capacity in Phase 1 of the project at Madhogarh. The contract was awarded by NHPC, which had invited bids in December 2024. The scope includes boundary survey and…

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Waaree signs PPA for 150 MW under Neemuch Solar Park

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On June 11, 2025, Waaree Energies Limited signed a power purchase agreement (PPA) with Madhya Pradesh Power Management Company Limited (MPPMCL) and Rewa Ultra Mega Solar Limited (RUMSL). The agreement covers 150 MW capacity under the 170 MW (Unit-III) Neemuch Solar Power Park Project in Madhya Pradesh. The contract follows Waaree Forever Energies Limited’s successful bid in December 2024. The company, a wholly-owned subsidiary of Waaree Energies, won the tender by quoting a tariff of…

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NCLT approves merger of Inox Wind Energy with Inox Wind

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The National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited (IWL), as per its order dated June 10, 2025. The merger will simplify the business structure of the INOXGFL Group by eliminating the holding company layer and allowing direct promoter shareholding in IWL. It is expected to reduce IWL’s liabilities by around Rs 20.50 billion and strengthen its balance sheet. Shareholders of IWEL…