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Khavda grid disturbance causes 9,000 MW generation loss, largest single-event outage in Indian grid history
A major grid disturbance in the Khavda Renewable Energy (RE) complex on May 13, 2026 resulted in the largest single-event generation loss recorded in the history of the Indian grid, according to a presentation made by GRID-INDIA before the National Committee on Transmission (NCT). The disturbance occurred at 14:09 hrs and led to the complete…
PFC transfers Saswad Transmission SPV to MSETCL
Power Finance Corporation Limited (PFC) informed stock exchanges on February 27, 2026, that Saswad Transmission Limited has been transferred to Maharashtra State Electricity Transmission Company Limited (MSETCL). The transaction was completed on February 26, 2026. Saswad Transmission Limited was a wholly owned subsidiary of PFC Consulting Limited, which in turn is a wholly owned subsidiary…
Jindal Saw to acquire 31.2% stake in ReNew Green MHH One
Jindal Saw Limited has signed a share purchase agreement (SPA) to acquire a 31.20% equity stake in ReNew Green MHH One Private Limited (RGMHH), making RGMHH an associate company. RGMHH focuses on renewable energy generation but has not yet commenced operations. The acquisition aims to secure electricity at concessional rates and is expected to be…
Bessco Power and Renergo form JV for 1,000 MW renewable projects
Bessco Power Private Limited and Renergo Developers have formed a joint venture to develop 1,000 MW of renewable energy projects across India and Nepal over the next 18 to 24 months. The partnership will primarily focus on utility-scale solar power while also exploring opportunities in green fuels and bioenergy. The companies plan to jointly develop…
Siemens Energy to invest Rs 2,060 crore in transformer facility
Siemens Energy India Limited has approved an investment of about Rs 2,060 crore to set up a new power transformer manufacturing facility with an additional capacity of around 30,000 MVA. The decision was cleared by the Board of Directors at its meeting held on February 13, 2026. The expansion is aimed at meeting rising domestic…
Technip Energies and GE Vernova secure Net Zero Teesside power project
Technip Energies, GE Vernova, and Balfour Beatty have been awarded the engineering, procurement, and construction contract for the Net Zero Teesside Power (NZT Power) project, the world’s first gas-fired power plant with carbon capture and storage (CCS). The UK government’s £21.7 billion ($13.87 billion) funding for carbon capture initiatives enabled the project’s financial close. The…
