Power Sector News Roundup for February 11, 2026

NCT backs transmission schemes for 25.5 GW renewable evacuation in Gujarat

The National Committee on Transmission (NCT) has recommended interstate transmission schemes with a cumulative estimated cost of Rs 24,048 crore for evacuation of 25.5 GW of renewable energy from Gujarat. The outlay includes Rs 7,688 crore for Jam Khambhaliya REZ Phase II (5,500 MW) and Jamnagar Phase-I (1,000 MW), Rs 7,506 crore for Lakadia REZ Phase II (7,500 MW), and Rs 8,854 crore for the Common Transmission System across Lakadia, Jam Khambhaliya and Jamnagar under Tariff Based Competitive Bidding (TBCB). The proposal was first discussed on July 14, 2025, and deferred as capacity exceeded declared renewable potential. MNRE later declared 69.6 GW on August 28, 2025, revised to about 43 GW for Inter-State Transmission System planning through a November 17, 2025 letter circulated on December 8, 2025. NCT has asked the Central Transmission Utility of India Limited (CTUIL) to proceed, while deferring Khavda Phases VI and VII amid limited green hydrogen and green ammonia visibility, with only one 0.575 GW application from L&T at Kandla substation against an assumed 9.25 GW by 2031.

Peer-to-peer electricity trading to be piloted under India Energy Stack

The government is preparing a pilot framework for peer-to-peer electricity trading under the India Energy Stack, as reported by ET EnergyWorld. Transactions will occur between verified participants, with billing and settlement routed through discoms, which remain responsible for grid operations and accounting. Wheeling and transmission charges will apply as per regulatory approvals and be reflected in consumer bills. The pilot will begin with select discoms and consumers equipped with smart meters and eligible assets such as rooftop solar, with platform access provided by trading service providers. Scalability will depend on regulatory clarity on settlement, consumer protection, data governance and dispute resolution.

BHEL wins Rs 2,800 crore syngas purification plant order in Odisha

Bharat Heavy Electricals Limited (BHEL) has received a Letter of Acceptance valued at approximately Rs 2,800 crore from Bharat Coal Gasification and Chemicals Limited (BCGCL) for a syngas purification plant in Odisha. The contract, awarded on February 10, 2026, covers design, engineering, supply, construction and commissioning under the Lump Sum Turnkey (LSTK) 2 Package at Lakhanpur in Jharsuguda district, with 60 months of operation and maintenance after commissioning. BCGCL is a joint venture of Coal India Limited (51%) and BHEL (49%), and the order has been classified as a related-party transaction executed on an arm’s length basis. Preliminary acceptance, including commissioning and performance guarantee tests, is to be achieved within 42 months from the Letter of Acceptance. The value excludes applicable customs duties and GST.

ACME Solar receives LoA for renewable projects from SECI and RUMSL

ACME Solar Holdings Limited on February 10, 2026 secured 521 MW of renewable energy contracts, comprising 301 MW from the Solar Energy Corporation of India (SECI) and 220 MW from Rewa Ultra Mega Solar Limited (RUMSL). The 301 MW Firm and Dispatchable Renewable Energy (FDRE) project under SECI Tranche VII was won at Rs 6.28 per unit, with a 24-month Scheduled Commercial Operation Date from PPA signing and a 25-year tenure. The 220 MW solar project with Battery Energy Storage System (BESS) at Morena Solar Park was awarded at Rs 2.764 per unit, with commissioning by December 31, 2027 and a 25-year PPA. Neither contract involves related-party transactions. Following the awards, ACME Solar’s under-construction portfolio has crossed 5,100 MW.

Genus Power to acquire full ownership of two AMISP subsidiaries

Genus Power Infrastructures Limited on February 10, 2026 entered into a Share Purchase Agreement to acquire 100% equity in Himachal Pradesh C Zone Smart Metering Private Ltd. and Genus Assam Package-3 SPV Limited through Genus Power Solutions Private Limited. The entities will shift from step-down subsidiaries to direct wholly owned subsidiaries within an indicative 30-day timeline, without government or regulatory approvals. Genus Assam Package-3 SPV Limited, incorporated on February 19, 2023, has authorised and subscribed capital of Rs 1,00,000, which will be acquired for Rs 1,00,000 in cash. The transaction is classified as related party and conducted on an arm’s length basis. Both entities were set up as special purpose vehicles for Advanced Metering Infrastructure Service Provider (AMISP) contracts.

KPI Green Energy secures UAE hybrid project and Adani Khavda orders

KPI Green Energy Limited on February 10, 2026 announced two new orders covering a UAE hybrid project and additional works at Khavda in Gujarat. Its subsidiary, Sun Drops Energia Limited, secured an order from FVE Lifecare General Trading LLC for a 33 kWp solar system integrated with a 573 kWh Battery Energy Storage System (BESS) for a containerised data centre in the UAE. In India, the company received service and purchase orders from Adani Green Energy Six Limited and Adani Green Energy Limited for electrical and civil works for a 300 MWac / 405 MWdc portion of the Khavda Hybrid Renewable Power Project. KPI Green’s cumulative Khavda order book from Adani has reached 834 MWac / 1,131 MWdc. Disclosures were made under Securities and Exchange Board of India (SEBI) Listing Regulations.

NLC India posts record revenue and profit in April–December 2025

NLC India Limited posted its highest-ever revenue and profit for the nine-month period ended December 2025. Standalone revenue stood at Rs 7,945.59 crore, up 5.06% year on year, with profit after tax of Rs 1,281.59 crore, up 3.04%. Consolidated revenue reached Rs 12,447.07 crore, up 8.74%, and profit after tax rose 1.91% to Rs 2,288.02 crore. During the period, the company commissioned a 660 MW unit at NUPPL GTPP, a 300 MW solar plant at Barsingsar, and commenced operations at Pachwara South Open Cast Mines, while recording its highest single-day coal production and dispatch at Talabira Mine. Capital expenditure reached Rs 6,242 crore, cash collections exceeded Rs 10,000 crore, and the company declared its highest interim dividend in five years.

Pace Digitek wins 250 MW solar-storage project at Pavagada

Pace Digitek Limited on February 10, 2026 received an award from Karnataka Renewable Energy Development Limited (KREDL) for a 250 MWAC solar photovoltaic plant with a 250 MW / 1,100 MWh Battery Energy Storage System (BESS) at Pavagada Solar Park. The estimated project cost, including Goods and Services Tax, is about Rs 17,750 million (Rs 1,775 crore). The project combines utility-scale solar generation with storage to support grid stability and dispatchable supply. The disclosure was made to BSE Limited and the National Stock Exchange of India Limited under Securities and Exchange Board of India (SEBI) Listing Regulations. The project adds to the company’s hybrid renewable and storage portfolio.

Torrent Power signs 10-year LNG supply agreement with JERA

Torrent Power Limited has signed a 10-year liquefied natural gas (LNG) Sale and Purchase Agreement with JERA for up to 0.27 million metric tonnes per annum (MMTPA) from 2027. The LNG will support its 2,730 MW gas-based plants and ensure supply for Torrent Gas Limited. For the quarter ended December 31, 2025, Total Comprehensive Income rose 30% year on year to Rs 637 crore, while revenue from operations increased 4% to Rs 6,778 crore and earnings before interest, tax, depreciation and amortisation rose 15% to Rs 1,472 crore. For the nine months, Total Comprehensive Income stood at Rs 2,106 crore, up 7%. The Board approved an interim dividend of Rs 15 per equity share, and installed capacity stood at 5,039 MW.

SEPC wins Rs 314 crore smart metering order in Punjab

SEPC Ltd has won an order worth Rs 313.96 crore from Telecommunications Consultants India Ltd (TCIL) for a smart metering project in Punjab’s Central Zone under the Revamped Distribution Sector Scheme (RDSS). The project will be executed on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis with Adya Smart Metering Pvt Ltd for Punjab State Power Corporation Ltd (PSPCL). Scope includes design, supply, installation, integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure (AMI). Payments are linked to defined milestones during the operational go-live phase. The company said the order strengthens its distribution and metering order book.

RAPP-7 achieves rated power operation of 700 MW

Nuclear Power Corporation of India Limited (NPCIL) announced that Rajasthan Atomic Power Project Unit 7 achieved rated power operation of 700 MW on February 10, 2026 at 05:15 hours. The 700 MW Pressurised Heavy Water Reactor (PHWR) achieved criticality on September 19, 2024, synchronised with the Northern Grid on March 17, 2025 after Atomic Energy Regulatory Board (AERB) clearance, and began commercial operation on April 15, 2025. The unit is part of Rajasthan Atomic Power Station at Rawatbhata. NPCIL stated the milestone reflects indigenous nuclear capability. The unit adds baseload capacity from a non-carbon-emitting source.

PVV Infra expands clean energy project to Rs 1,250 crore

PVV Infra Limited has signed a technology collaboration with ITC Services Company Limited, Taiwan, raising its integrated clean energy manufacturing project in Andhra Pradesh to approximately Rs 1,250 crore. The expanded scope includes a 1.2 GW Tunnel Oxide Passivated Contact (TOPCon) solar cell facility, a 1 GW module assembly unit, and manufacturing for Battery Energy Storage Systems (BESS) and micro-inverters. The earlier November 15, 2025 MoU with the Government of Andhra Pradesh has been revised from approximately Rs 650 crore to Rs 1,250 crore. Deployment is planned over 14–18 months, subject to phased implementation and financial closure. Mr. Tse Hsiung Norman Lao was appointed as Additional (Non-Independent) Director effective February 9, 2026.

L&T incorporates offshore wind subsidiary in the Netherlands

Larsen & Toubro Limited (L&T) on February 10, 2026 incorporated L&T Energy Offshore Wind B.V. in the Netherlands with an initial issued share capital of 1 EURO, fully subscribed by L&T. The subsidiary has not commenced operations and has no turnover. It will focus on offshore wind projects, providing Engineering, Procurement, Construction, Transportation, Installation, and Commissioning (EPCIC) services for offshore High Voltage Alternating Current and High Voltage Direct Current (HVAC/HVDC) substations and Wind Turbine Generator (WTG) foundations. The company clarified that the incorporation is not a related party transaction other than the parent-subsidiary relationship. No government or regulatory approvals were required.