Power Sector News Roundup for April 16, 2026

REC appoints Rajesh Kumar as Director (Finance) and CFO

REC Limited has appointed Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer (CFO), effective April 2, 2026. The Board of Directors approved the appointment at its meeting held on April 15, 2026, following an intimation submitted to stock exchanges on April 2, 2026. Shri Rajesh Kumar has over 30 years of experience in the public sector, focused on power and infrastructure financing. He previously served as Executive Director (Finance) at REC Limited, contributing to financial strategy and growth.

EAC backs ToR for 3,810 MW hydro and PSP projects across six states

The Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change has recommended Terms of Reference (ToR) for five projects totalling 3,810 MW at its 51st meeting. These include the 600 MW Seshachalam PSP in Andhra Pradesh, the 110 MW Dikchu HEP expansion in Sikkim, the 1,200 MW Aruna Kolamb PSP in Maharashtra, the 1,000 MW Sukhnai PSP in Uttar Pradesh, and the 900 MW Chhadgada PSP in Uttar Pradesh. The projects involve developers such as Venika Jal Vidyuth LLP, Sneha Kinetic Power Projects Private Limited, THDC India Limited, Hinduja Renewables Energy Private Limited, and GSC PSP Uttar Private Limited. The EAC has specified conditions including forest clearance submissions, environmental studies, and water availability data. It also stated that final Environmental Clearance will depend on compliance with these requirements.

GPIL invests Rs 50 crore more in GNEPL for BESS project

Godawari Power and Ispat Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), through a rights-based allotment of 5 crore equity shares of Rs 10 each on April 15, 2026. This increases GPIL’s total investment in GNEPL from Rs 300 crore to Rs 350 crore. The funds will support capital expenditure and working capital for a 20 GWh Battery Energy Storage System (BESS) plant. GNEPL, incorporated on June 25, 2025, has not commenced operations and reports no turnover. On April 13, 2026, GNEPL signed a five-year agreement with EVE Power Co., Ltd. for lithium ferro phosphate (LFP) cells.

PTC India redesignates Manoj Kumar Jhawar as MD & CEO

PTC India Limited has redesignated Dr. Manoj Kumar Jhawar as Managing Director and Chief Executive Officer (CEO), effective April 13, 2026. The Board approved the change from “Chairman & Managing Director” to “Managing Director & CEO” at its meeting, as disclosed on April 15, 2026, following shareholder approval on March 20, 2026. The change follows his relinquishment of the Chairman role, while all other terms, including tenure until August 19, 2028, remain unchanged. His office will now be subject to retirement by rotation. Dr. Jhawar has over three decades of experience in the power sector, including roles at MP State Electricity Board and MP Paschim Kshetra Vidyut Vitaran Company Ltd.