Power Sector News Roundup for June 19, 2026
SECI, MahaGenco REL sign MoU for up to 5 GW clean energy projects
The Solar Energy Corporation of India Limited (SECI) and MahaGenco Renewable Energy Limited (MahaGenco REL), a wholly owned subsidiary of Maharashtra State Power Generation Company Limited (MAHAGENCO), have signed a Memorandum of Understanding (MoU) to jointly explore and develop renewable energy and clean energy projects in Maharashtra and across India. The partnership envisages a potential project pipeline of up to 5 GW. The collaboration will cover renewable energy generation, energy storage and emerging clean energy technologies. Areas of focus include Firm and Dispatchable Renewable Energy (FDRE) projects, Round-the-Clock (RTC) renewable power projects, Battery Energy Storage Systems (BESS), Pumped Storage Projects (PSP), Green Hydrogen and Green Ammonia. The agreement also includes power trading and project monitoring consultancy services.
Land delays, Suzlon’s troubles, COVID: none of it excuses skipping a signed PPA, says CERC
The Central Electricity Regulatory Commission (CERC) has dismissed a petition filed by Betam Wind Energy Private Limited (BWEPL), a subsidiary of the Engie Group, seeking discharge from its obligation to execute a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for a 200 MW wind power project. BWEPL was selected in 2019 at a tariff of Rs 2.79 per unit and had submitted a Performance Bank Guarantee (PBG) of Rs 40 crore but did not execute the PPA despite multiple extensions. The Commission rejected claims related to land acquisition challenges, Ministry of Defence clearances, Suzlon Energy’s financial condition, COVID-19 disruptions and regulatory delays. CERC held that project development risks remained the responsibility of the developer and allowed SECI to encash the Earnest Money Deposit (EMD) portion of Rs 12 crore along with applicable GST and other charges. The order reinforces the binding nature of obligations arising from competitive renewable energy auctions.
CEA releases draft compendium to harmonise regulatory definitions
The Central Electricity Authority (CEA) has released a draft Compendium of Definitions in CEA Regulations for public consultation to harmonise definitions across its regulations. The draft consolidates common definitions appearing in regulations related to metering, grid standards, connectivity and safety. It standardises terms including Active Energy, Active Power, Automatic Generation Control (AGC), Automatic Voltage Regulator (AVR), Bulk Consumer, Frequency, Power Factor and Installed Capacity. The draft also introduces newer definitions such as Advanced Metering Infrastructure (AMI), Cyber Security, Charging Station, Prosumer and Renewable Energy Management Centre. The initiative follows a review by a Technical Committee that met between January and March 2026.
SECI enters C&I renewable energy market with 700 MW term sheet
The Solar Energy Corporation of India Limited (SECI) has signed a 700 MW Commercial and Industrial (C&I) Term Sheet with Acme Cleantech Solutions Private Limited. The agreement marks SECI’s first transaction in the C&I segment and expands its renewable power supply model beyond the traditional distribution company market. The move is aimed at serving a broader base of commercial and industrial consumers seeking renewable energy. According to Crisil Ratings, renewable energy capacity in the C&I segment is expected to increase to 57 GW by fiscal 2028 from around 40 GW expected by the end of fiscal 2026. SECI said the transaction supports growing demand for clean power from industrial and commercial customers.
India’s oldest nuclear plant gets a new lease of life as Tarapur Unit 2 rejoins the grid
The Nuclear Power Corporation of India Limited (NPCIL) has synchronised Unit 2 of the Tarapur Atomic Power Station (TAPS) with the National Grid following an extensive refurbishment and modernisation programme. The restart follows approval granted by the Atomic Energy Regulatory Board (AERB) on May 7, 2026, allowing the unit to continue operations for another decade. Commissioned in 1969, TAPS 1&2 were India’s first commercial nuclear power units and have generated more than 100 billion units of electricity over their operational life. NPCIL said the units have helped avoid over 86 million tonnes of carbon dioxide equivalent emissions. Both units are now operational simultaneously.
Adani, PGCIL among bidders shortlisted for three transmission projects
PFC Consulting Limited (PFCCL) has shortlisted multiple bidders for transmission projects in Maharashtra and Karnataka under the Tariff-Based Competitive Bidding (TBCB) framework. For the “Establishment of 400/220/132 AIS Latur” scheme in Maharashtra, qualified bidders include Resonia, Montecarlo Energy Limited, Adani Energy Solutions Limited (AESL), Power Grid Corporation of India Limited (PGCIL), Maharashtra State Electricity Transmission Company Limited (MSETCL), KCC Buildcon Private Limited and Lumino Industries Limited. The project is intended to support evacuation of 1-2 GW of renewable energy from Dharashiv and Latur districts. Separate shortlists have also been announced for the Hebbani and Humnabad transmission schemes in Karnataka. Final selection will be based on price bids submitted by qualified bidders.
Diamond Power approves Rs 2,000 crore QIP fundraising plan
Diamond Power Infrastructure Limited has approved a proposal to raise up to Rs 2,000 crore through a Qualified Institutions Placement (QIP), increasing the earlier fundraising limit of Rs 1,000 crore. The board approved the proposal to issue equity shares to Qualified Institutional Buyers (QIBs) in one or more tranches, subject to approvals. The company said the fundraising is intended to support compliance with Minimum Public Shareholding (MPS) requirements under Securities and Exchange Board of India (SEBI) regulations. Shareholder approval will be sought through a postal ballot. Diamond Power manufactures cables, conductors, transformers and other power equipment.
MSP Steel signs 25-year solar PPA at Rs 3.17 per unit
MSP Steel and Power Limited has signed a 25-year Power Purchase Agreement (PPA) with Elevate Solar Energy Private Limited under the Group Captive Open Access mechanism. The agreement covers procurement of 10 MWp (DC) of solar power annually at a fixed tariff of Rs 3.17 per unit. Power will be supplied from a 70 MWp (DC) / 50 MW (AC) solar project being developed in Baloda Bazar district of Chhattisgarh. MSP Steel plans to acquire a 26% equity stake in Elevate Solar Energy as part of the group captive structure. The arrangement is intended to optimise energy costs and increase renewable energy consumption.
Waaree Renewable completes acquisition of 55% stake in APSPL
Waaree Renewable Technologies Limited (WRTL) has completed the acquisition of a 55% equity stake in Associated Power Structures Private Limited (APSPL), making it a subsidiary. The acquisition was executed through a combination of primary allotment and secondary transfer of shares. In May 2026, WRTL signed definitive agreements to acquire the stake for Rs 1,225 crore. APSPL operates as an integrated manufacturing and Engineering, Procurement and Construction (EPC) company serving power transmission and distribution, renewable energy and telecommunications sectors. The transaction expands WRTL’s presence in the power transmission and renewable energy supply chain.
ABB launches Proteus portfolio for utility-scale solar and energy storage projects
ABB has launched its Proteus photovoltaic (PV) and Battery Energy Storage System (BESS) portfolio for utility-scale renewable energy projects. The portfolio includes solar inverters, converter stations and control systems designed to improve energy yield, grid stability and operational reliability. ABB said the systems offer efficiency of up to 99.45% and total harmonic distortion of current (THDi) below 0.7%. The company will showcase the Proteus solar inverter at the Intersolar 2026 exhibition in Munich from June 22 to June 25. ABB said it has installed more than 120 GW of power conversion capacity globally.
India’s solar cell capacity set to nearly double to 60 GW this fiscal, Crisil says
India’s solar cell manufacturing capacity is expected to nearly double to around 60 GW by the end of this fiscal, according to Crisil Ratings. The agency expects domestic manufacturers to meet around half of the country’s estimated 60-65 GW solar cell demand in fiscal 2027, up from about one-fourth in the previous fiscal. Growth is being driven by the implementation of the Approved List of Cell Manufacturers (ALCM) and ongoing capacity expansion. Crisil Ratings said imports will continue to meet the remaining demand in the near term. The agency also cautioned that rapid capacity additions could affect utilisation levels and returns for manufacturers.
Tata Power wins Karnataka transmission project for 2 GW solar park
The Tata Power Company Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for a transmission project linked to a proposed 2,000 MW solar park at Ryapte village in Karnataka’s Tumkur district. The project will be developed through Ryapte Power Transmission Limited on a Build-Own-Operate-Transfer (BOOT) basis. It includes around 250 km of transmission lines and two substations. Tata Power emerged as the successful bidder against Adani Energy Solutions Limited and Resonia Limited. The project carries annual transmission charges of up to Rs 521.07 crore and has a scheduled completion period of 30 months.
MNRE issues guidelines for water-related emissions under GHCI
The Ministry of New and Renewable Energy (MNRE) has issued final guidelines for quantifying greenhouse gas (GHG) emissions associated with offsite water drawal and treatment under the Green Hydrogen Certification Scheme of India (GHCI). Issued on June 18, 2026, the guidelines establish methodologies for five water sourcing scenarios and align with ISO 19870:2023. The framework provides default emission factors for sources including seawater desalination, brackish water treatment, municipal water and recycled water. New facilities will be given 90 days to establish metering infrastructure, while existing facilities have 180 days to comply. The guidelines are intended to standardise water-related emissions accounting for green hydrogen production.