Power Sector News Roundup for June 11, 2026
BHEL receives LNTP for 800 MW Durgapur thermal project
Bharat Heavy Electricals Limited (BHEL) has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC) for the main plant package of the 1×800 MW Durgapur supercritical thermal power station. The LNTP enables BHEL to begin advance engineering activities and place orders for critical long-lead items for the boiler, turbine, and generator package. The full order is expected after completion of 10 months from the date of LNTP issuance. The project involves expansion of the Durgapur Thermal Power Station in Paschim Bardhaman district, West Bengal, with environmental safeguards including flue gas desulphurisation (FGD) systems and 100% ash utilisation targets. The LNTP contract is valued at over Rs 90 crore, excluding GST.
POWERGRID approves Rs 485 crore SCADA upgrade, JPY 80 bn loan
Power Grid Corporation of India Limited (POWERGRID) has approved a Rs 485.04 crore project for upgrading supervisory control and data acquisition (SCADA) systems at its National Transmission Asset Management Centre (NTAMC) and Regional Transmission Asset Management Centres (RTAMC). The project covers upgrades of SCADA systems and associated infrastructure for transmission asset management and operational monitoring. The Board also approved raising an unsecured term loan of JPY 80 billion from the Japan Bank for International Cooperation (JBIC) and participating financial institutions. Alongside the approvals, POWERGRID announced the appointment of Smt. Anjana Luthra as Company Secretary and Compliance Officer and Shri Venkata Subrahamanyam Vallurie as Chief Financial Officer (CFO). Both appointments were made under company service rules.
Marsons wins Rs 33 crore transformer order for NTPC RE project
Marsons Limited has received an order worth Rs 33.19 crore, including GST, from Vikran Engineering Limited for the supply of inverter duty transformers for an NTPC Renewable Energy project. The order includes 17.6 MVA, 8.8 MVA, and 4.4 MVA oil-cooled (ONAN), on-circuit tap changer (OCTC), outdoor-type, aluminium-wound inverter duty transformers. The domestic contract is scheduled for execution within six months. Marsons stated that the transaction does not qualify as a related party transaction and that no promoter or group company has any interest in the awarding entity. This is the third order secured by the company this month.
From SMRs to battery storage: Tata Power’s multi-sector expansion plan laid out in annual report
Tata Power has outlined expansion plans across pumped storage, hydropower, artificial intelligence (AI), battery storage, nuclear energy, and solar manufacturing in its seventh Integrated Annual Report. The company plans to enter the upstream solar photovoltaic (PV) ingot and wafer manufacturing segment with a planned 10 GW capacity and has committed around Rs 6,500 crore for the expansion. Tata Power is also progressing the 1,000 MW Bhivpuri PSP and 1,800 MW Shirwata PSP in Maharashtra with a combined investment of about Rs 13,000 crore. In Bhutan, work has commenced on the 1,125 MW Dorjilung Hydropower Project in partnership with Druk Green Power Corporation (DGPC). The company also confirmed plans for proposed 2×220 MW small modular reactors (SMRs) in partnership with Nuclear Power Corporation of India Limited (NPCIL).
PFC-REC merger gets presidential nod
Power Finance Corporation Limited (PFC) and REC Limited have received approval from the Hon’ble President of India for the proposed merger of REC into PFC. The Ministry of Power communicated the approval through a letter dated June 10, 2026, as part of the government’s restructuring initiative for public sector non-banking financial companies (NBFCs) under the “Viksit Bharat” framework. Under the proposed structure, REC will be fully merged into PFC, with all assets and liabilities transferred to PFC and REC ceasing to exist after completion of the merger. The combined entity will continue to maintain Government Company status during and after the merger process. The final share swap ratio and merger scheme are expected to address potential government ownership dilution below the 51% threshold.
Singapore gets its first hydrogen-ready combined cycle power plant from Keppel
Keppel Ltd. has commenced commercial operations at the 600 MW Keppel Sakra Cogen (KSC) Plant, described as Singapore’s first hydrogen-compatible combined cycle power plant. The facility can co-combust up to 30% hydrogen with natural gas at the start of operations and can later be modified to run entirely on low-carbon hydrogen. With the commissioning of the KSC plant, Keppel’s total power generation capacity has increased to up to 1,900 MW. The company stated that the plant can reduce carbon emissions by up to 220,000 tonnes of CO2 annually compared with Singapore’s average operating efficiency for equivalent power generated. The KSC plant is 70% owned by Keppel Asia Infrastructure Fund and 30% owned by Keppel.
AIIB plans USD 200 million financing for Philippines reforms
The Asian Infrastructure Investment Bank (AIIB) is expected to provide a USD 200 million loan to support energy transition, electricity market reforms, and water sector improvements in the Philippines. The financing forms part of a broader USD 1 billion World Bank-led package under the Philippines Energy Transition and Climate Resilience Program. Reform measures under the program focus on scaling up renewable energy adoption, improving electricity market flexibility and competition, and strengthening water management systems. The renewable energy market has become fully operational, and preparations are underway for offshore wind auctions covering 3.3 GW capacity. According to the update, the reforms have contributed to increasing the renewable energy share from 30% to 32%, against a target of 42% by 2027.
Biocon acquires stake in AMPIN solar project SPV
Biocon Limited has acquired an equity stake in Ampin C&I Power Twelve Private Limited (AMPIN), a special purpose vehicle (SPV) formed for the generation and supply of solar power. The SPV will develop a 27.12 MW (DC) solar power plant in Karnataka as part of Biocon’s strategy to increase renewable energy consumption, reduce energy costs, and support decarbonisation objectives. Biocon will invest Rs 5,47,60,000 through the subscription of 54,76,000 equity shares with a face value of Rs 10 each at par. Following the transaction, the company will hold 37.77% of the paid-up share capital on an undiluted basis, expected to reduce to 15.91% on a fully diluted basis after additional investments by other parties. The company stated that the acquisition does not qualify as a related party transaction.
