Power Sector News Roundup for March 17, 2026

Oriana Power incorporates three wholly owned subsidiaries

Oriana Power Limited has incorporated three wholly owned subsidiaries within two days. The entities are Brightera Solar Private Limited, Sunpeak Solutions Private Limited, and Prime Energy Solutions Private Limited. Brightera Solar Private Limited and Sunpeak Solutions Private Limited were incorporated on March 11, 2026, while Prime Energy Solutions Private Limited was incorporated on March 12, 2026. The Ministry of Corporate Affairs (MCA) has issued Certificates of Incorporation for all three companies. Each subsidiary has an authorised capital of Rs 1 lakh, divided into 10,000 equity shares of Rs 10 each, with Oriana Power Limited holding 100% share capital through initial subscription.

Bajel Projects wins EPC contract for 220 kV Kalwa–Kalyan line in Mumbai

Bajel Projects Limited has secured an engineering, procurement and construction (EPC) contract from Tata Power Company Limited for a 220 kV transmission line on monopoles in Mumbai. The order is valued between Rs 50 crore and Rs 100 crore and is scheduled for completion within 10 months from the purchase order date. The contract includes complete EPC execution of monopole structures and foundation works for the Kalwa-Kalyan Pal Line. Monopole structures are increasingly used in urban corridors due to lower land requirements, faster erection, and reduced right-of-way needs. The company classified the contract as a “significant” order within the Rs 50–100 crore band inclusive of GST.

Power Mech wins Rs 709.56 crore O&M contract for Tiroda plant

Power Mech Projects Limited has secured an operations and maintenance contract valued at Rs 709.56 crore from Adani Infrastructure Management Services Limited for the 5×660 MW Tiroda thermal power plant in Maharashtra. The contract period runs from April 1, 2026 to March 31, 2031. It covers KPI-based O&M services for all five units, with a total installed capacity of 3,300 MW. The scope includes overhauling activities and performance evaluation based on defined operational benchmarks. The order expands Power Mech’s presence in the Adani power generation portfolio, following contracts exceeding Rs 1,000 crore received last month for projects in Uttar Pradesh and Madhya Pradesh.

Waaree unit acquires minority stake in United Solar Holding

Waaree Solar Americas Inc., a wholly owned subsidiary of Waaree Energies Limited, has acquired 53,68,551 Series B preferred shares of United Solar Holding Inc. for approximately USD 30 million. The transaction, disclosed in December 2025, closed on March 16, 2026. The purchase represents a minority stake, allowing strategic involvement while maintaining independent operations of the US-based company. The investment aligns with Waaree’s expansion strategy in the United States solar market. It reflects continued efforts to strengthen its presence in a major global solar market.

Enel unit initiates arbitration against Waaree over India asset deal

Enel Green Power Development S.R.L. has filed a Request for Arbitration against Waaree Energies Limited at the International Court of Arbitration of the International Chamber of Commerce. London has been designated as the seat of arbitration. The dispute relates to a Share Purchase Agreement dated January 10, 2025 for the proposed acquisition of Enel Green Power India Private Limited. Enel has alleged breaches of the agreement and is seeking damages and compensation for loss of profits, while Waaree has stated it will contest the claims. The value of the claims has not been disclosed.

Schneider Electric partners with TPWODL to digitise Odisha grid

Schneider Electric has partnered with TP Western Odisha Distribution Ltd to upgrade electricity distribution infrastructure across Western Odisha. The company has equipped 75 substations with EcoStruxure™ Grid architecture, enabling automated control and end-to-end visibility. TPWODL supplies power to more than 21 lakh customers across nine districts. Power interruption time has reduced by 30%, with a target of up to 70% improvement. The deployment integrates SCADA systems, remote terminal units, protection relays, and a centralised management system to support real-time grid operations.

Grid stability concerns intensify at major ISTS renewable hubs

The National Committee on Transmission reviewed grid stability challenges at its 38th meeting, with GRID-India highlighting persistent issues at major ISTS-connected renewable hubs. Low short circuit ratio conditions in Rajasthan and the Western Region are causing daily oscillations. Four types of oscillations were identified, including low-frequency voltage oscillations (0.1–0.2 Hz), high-frequency oscillations (3.5–7 Hz), sub-synchronous oscillations (8–20 Hz), and large voltage dips of 80–90 kV. Case studies from January and February 2026 showed repeated system disturbances, including line trippings and inter-area oscillations. GRID-India has recommended measures such as synchronous condensers, grid-forming inverters, and improved controller tuning.

Credence Solar begins work on 2 GW cell plant in Gujarat

Credence Solar Panels Pvt. Ltd. has started construction of a 2 GW solar cell manufacturing facility in Rajkot, Gujarat. The plant will produce G12 and G12R solar cells and is scheduled for commissioning in the fourth quarter of 2026. The facility aims to improve vertical integration and supply chain control. It aligns with the Approved List of Cell Manufacturers (ALCM) framework promoting domestic manufacturing. The company has already introduced G12-based PV modules with capacities up to 730 watts.

AM Group partners OXMIQ Labs for 2 GW AI compute plan

AM Group has partnered with OXMIQ Labs to support development of a 2 GW artificial intelligence compute capability by 2030. The project begins with a 1 GW AI Compute Hub in Uttar Pradesh. AM Group has committed USD 25 billion for the infrastructure, with Phase 1 targeted by the end of 2027. OXMIQ will lead systems architecture, hardware planning, and supply-chain strategy. The project integrates renewable energy, data-centre infrastructure, and high-performance computing systems.

CPCB issues guidelines for solar waste storage and handling

The Central Pollution Control Board has issued guidelines for storage and handling of waste solar photovoltaic modules under the E-Waste (Management) Rules, 2022. Released in March 2026, the guidelines establish a technical framework for managing end-of-life solar equipment. They apply to producers, manufacturers, and recyclers, and prohibit disposal in open areas or landfills. Waste is required to be transferred only to CPCB-registered recyclers, with defined protocols for storage, transport, and safety. The guidelines also specify requirements for worker protection, incident reporting, and facility standards.