Power Sector News Roundup for May 11, 2026
Supreme Court rules Railways liable to pay open access surcharges
The Supreme Court of India has dismissed Indian Railways’ appeal and upheld the Appellate Tribunal for Electricity (APTEL) ruling that the national transporter is not a deemed distribution licensee under the Electricity Act, 2003. The Court held that Indian Railways remains liable to pay Cross-Subsidy Surcharge (CSS) and Additional Surcharge while procuring power through open access, as the electricity is used for self-consumption rather than supply to consumers. The judgment, delivered on May 8, 2026, is expected to have significant financial implications for distribution companies across multiple states.
SC bars discoms from recovering depreciation on idle assets
The Supreme Court of India has set aside an Appellate Tribunal for Electricity (APTEL) order and ruled that Tata Power Delhi Distribution Limited (TPDDL) cannot recover depreciation costs for the decommissioned 108 MW Rithala gas-based plant after it stopped supplying electricity in March 2018. The Court restored the 2019 Delhi Electricity Regulatory Commission (DERC) order and held that consumers cannot be made to pay for services no longer received. The ruling clarifies that technical useful life and regulatory tariff recovery period are distinct concepts under electricity tariff regulations.
BERC clears 300 MW hybrid RE procurement with BESS
The Bihar Electricity Regulatory Commission (BERC) has approved procurement of 300 MW of Wind-Solar Hybrid Power integrated with a 300 MWh Battery Energy Storage System (BESS) under SECI’s ISTS Hybrid Tranche-IX Scheme for 25 years. The project, awarded to ACME Solar Holdings Limited, includes 300 MW solar and 100 MW wind capacity at a delivered tariff of Rs 3.32 per kWh, including SECI’s trading margin. BERC said the project would help address Bihar’s Renewable Purchase Obligation (RPO) deficit and support assured peak power supply through integrated storage.
GERC clears GUVNL’s 500 MW FDRE procurement bid
The Gujarat Electricity Regulatory Commission (GERC) has approved Gujarat Urja Vikas Nigam Limited’s (GUVNL) proposal to procure 500 MW of Firm and Dispatchable Renewable Energy (FDRE) integrated with Energy Storage Systems (ESS), along with a greenshoe option for another 500 MW. The Commission approved deviations including replacement of annual Capacity Utilization Factor (CUF) norms with Demand Fulfilment Ratio (DFR)-based performance requirements. Developers will be allowed to establish projects anywhere in India, while power delivery will occur at the Gujarat Energy Transmission Corporation Limited (GETCO) grid periphery.
Tata Power, DGPC expand Bhutan hydropower partnership to 5,033 MW
The Tata Power Company Limited and Druk Green Power Corporation Limited (DGPC) have expanded their clean energy partnership by adding the 404 MW Nyera Amari I and II Integrated Hydropower Project to their Memorandum of Understanding (MoU). With this addition, the total identified hydropower capacity under the partnership has increased to 5,033 MW from the earlier target of 4,500 MW. The collaboration also includes plans to jointly develop 500 MW of solar photovoltaic (PV) projects in Bhutan.
Ørsted Q1 profit falls 46% amid impairment charges
Danish renewable energy company Ørsted reported a 46% decline in net profit for Q1 2026 to DKr2.62bn despite improved renewable generation and higher operating earnings. The company attributed the decline to non-cash tax effects and impairment charges of DKr1.37bn linked to elevated long-dated US interest rates. Offshore wind generation increased 27%, while EBITDA rose 8% to DKr9.54bn supported by projects including Borkum Riffgrund 3 and Greater Changhua 4.
IndiGrid commissions 180 MW/360 MWh BESS project in Gujarat
IndiGrid has commissioned a 180 MW/360 MWh Battery Energy Storage System (BESS) project in Gujarat through Gujarat BESS Private Limited. The project, tied up with Gujarat Urja Vikas Nigam Limited (GUVNL), achieved full commissioning on May 7, 2026, and is among the largest standalone BESS facilities commissioned at a single location in India. The system is expected to support renewable integration, peak demand management, and grid reliability in Gujarat.
Bondada Engineering wins Rs 816 crore NTPC Green solar EPC order
Bondada Engineering Limited has received a Rs 816.01 crore Engineering, Procurement and Construction (EPC) order from NTPC Green Energy Limited for Balance of System works for a 600 MW solar photovoltaic (PV) project at Fatehgarh, Rajasthan. The contract includes operations and maintenance (O&M) services for three years and covers two 300 MW project blocks. The company said its cumulative order inflow from the NTPC Group has now reached nearly Rs 1,207 crore.
KPI Green wins Rs 621 crore NTPC Renewable solar project order
KPI Green Energy Limited has secured contracts worth around Rs 621 crore from NTPC Renewable Energy Limited for the Balance of System package for a 500 MW solar photovoltaic (PV) project at Bikaner, Rajasthan. The award comprises a 300 MW package worth Rs 367 crore and a 200 MW package worth Rs 254 crore, excluding goods and services tax (GST). The scope includes supply, installation, commissioning, and long-term maintenance services.
PFC and REC subsidiaries incorporate SPVs for transmission projects
PFC Consulting Limited (PFCCL) and REC Limited have incorporated new special purpose vehicles (SPVs) for transmission projects in Maharashtra, Rajasthan, and Gujarat. PFCCL formed two subsidiaries for intra-state projects in Maharashtra, while REC incorporated three subsidiaries for renewable energy evacuation projects in Rajasthan and Gujarat. The SPVs will undertake preparatory activities before being transferred to successful bidders selected through tariff-based competitive bidding.
Atlanta Electricals reports 70% rise in FY26 profit
Atlanta Electricals Limited reported a 70.1% increase in FY26 profit after tax (PAT) to Rs 201.77 crore, supported by strong revenue growth and margin expansion. Revenue from operations rose 48.8% to Rs 1,851.52 crore, while EBITDA increased 77.9% to Rs 344.44 crore. The company’s order book stood at Rs 2,493 crore as of March 31, 2026, with new orders including a Rs 288 crore contract from Karnataka Power Transmission Corporation Limited.
TERC approves FY 2026-27 tariff with phased recovery of revenue gaps
The Tripura Electricity Regulatory Commission (TERC) has approved electricity tariffs for FY 2026-27 while adopting a phased approach for recovery of past revenue gaps instead of imposing a separate regulatory surcharge. The Commission approved gradual recovery of approved true-up gaps and revised energy charges across consumer categories by 15 paise to 35 paise per unit. TERC also retained the Green Tariff of Rs 0.75 per kWh and continued the Time of Day (ToD) tariff mechanism.
RERC clarifies LPS adjustment framework in Adani-RUVNL dispute
The Rajasthan Electricity Regulatory Commission (RERC) has ruled on a dispute between Adani Power Limited and Rajasthan distribution companies regarding calculation and adjustment of Late Payment Surcharge (LPS) for the 1,200 MW Kawai thermal power station. The Commission held that LPS is payable for the day on which payment is made if payment occurs beyond the due date, but clarified that such claims can arise only after issuance of a supplementary bill. It also ruled that LPS should be compounded with monthly rests rather than daily rests.
Adani Green commissions 150 MW solar project at Khavda
Adani Green Energy Limited (AGEL) has commissioned a 150 MW solar power project at Khavda, Gujarat, through its wholly owned stepdown subsidiary Adani Green Energy Twenty Five C Limited. With this addition, AGEL’s total operational renewable energy generation capacity has increased to 19,735.8 MW, while operational battery energy storage system (BESS) capacity stands at 1,376 MWh. The Khavda development forms part of AGEL’s larger renewable energy park programme in Gujarat.
ACME Solar incorporates four subsidiaries for renewable energy business
ACME Solar Holdings Limited has incorporated four wholly owned subsidiaries to expand its renewable energy business. The new entities — ACME Greentech Twenty Private Limited, ACME Greentech Twenty Two Private Limited, ACME Greentech Twenty Three Private Limited, and ACME Greentech Twenty Four Private Limited — were incorporated on May 9, 2026, in Gurugram, Haryana. The subsidiaries will undertake the development and operation of renewable energy and power generation projects.