India

India | Generation | News

CCI clears Torrent Power’s acquisition of Nabha Power
By April 8, 2026April 7, 2026

The Competition Commission of India has approved the proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited by Torrent Power Limited. The transaction involves Torrent Power acquiring the entire shareholding in Nabha Power from L&T Power Development Limited on a fully diluted basis. Nabha Power is currently a wholly owned subsidiary of the seller. Torrent Power is a publicly listed company engaged in power generation, transmission, and…

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India | Leadership | News

REC appoints Rajiv Ranjan Jha as PFC nominee director
By April 8, 2026April 7, 2026

REC Limited has appointed Rajiv Ranjan Jha as the Nominee Director of Power Finance Corporation Limited (PFC) on its Board, with effect from April 6, 2026. The appointment follows an order issued by the Ministry of Power. The approval has been granted under Clause 5.1 of the Share Purchase Agreement signed on March 20, 2019, between the President of India and PFC. Jha is currently serving as Director (Projects) at PFC, a position he has…

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India | News | Renewable Energy

CleanMax commissions 185 MW hybrid project in Gujarat
By April 8, 2026April 7, 2026

Clean Max Enviro Energy Solutions Limited has commissioned a 185 MW wind-solar hybrid renewable energy project in Kalavad, Gujarat, taking its total operational capacity in the state to around 844 MW as of March 31, 2026. The project is expected to contribute over Rs 165 crore annually to the company’s revenue once stabilised in FY2027. Announced on April 7, 2026, the project was developed over approximately 12 months and supplies power to 17 corporate customers…

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India | News | Policy & Programmes

MNRE eases rooftop solar submission rules under PM Surya Ghar scheme
By April 8, 2026April 7, 2026

The Ministry of New and Renewable Energy (MNRE) has enabled residential consumers to submit rooftop solar installations on the national portal for PM Surya Ghar: Muft Bijli Yojana (PMSG:MBY) without a Domestic Content Requirement (DCR) certificate if they choose to forgo central financial assistance (CFA) under the “Give It Up” option. The update was issued through an office memorandum dated March 30, 2026. The memorandum, issued by the PMSG:MBY Division of MNRE, notes that more…

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India | Finance | News | Policy & Programmes

MoP allows insurance surety bonds in power procurement
By April 7, 2026April 7, 2026

The Ministry of Power (MoP) has directed all states, union territories, and power utilities to accept Insurance Surety Bonds (ISBs) as an alternative to bank guarantees for bid security and performance security. The directive takes effect from April 4, 2026. The instruction was issued through an Office Memorandum signed by Director Manish Mishra. It follows the February 2, 2022 amendment to the General Financial Rules (GFR), 2017 by the Ministry of Finance. The amendment to…

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India | Generation | News

India’s PFBR at Kalpakkam achieves criticality, advancing second stage of nuclear programme
By April 7, 2026April 7, 2026

India’s indigenously designed and built Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu has attained criticality at 8:25 pm on April 6, 2026, following clearance from the Atomic Energy Regulatory Board (AERB) after safety review, marking a significant milestone in the country’s three-stage nuclear programme. The achievement means the reactor can now sustain a self-sustaining nuclear fission reaction without external intervention, a key step before full power generation commences. Attaining criticality, or going…

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India | News | Renewable Energy

India adds record 6.05 GW wind capacity in FY 2025-26
By April 7, 2026April 7, 2026

India added 6.05 GW of wind power capacity in FY 2025-26, marking the highest annual addition on record and surpassing the previous peak of 5.5 GW in FY 2016-17. The increase represents a 46% rise over FY 2024-25. With this addition, the country’s total installed wind power capacity has crossed 56 GW. Gujarat, Karnataka, and Maharashtra led capacity additions during the year. The growth was supported by improved policy clarity, transmission readiness, competitive tariff discovery,…

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India | Finance | News

NPCIL IPO likely in 2026 as budget support is cut sharply
By April 7, 2026April 7, 2026

The Initial Public Offering (IPO) of Nuclear Power Corporation of India Limited (NPCIL) is expected to materialise this year after remaining in the pipeline for over 15 years. The Department of Atomic Energy (DAE) informed a Parliamentary Standing Committee that Budget 2026-27 has reduced equity support to NPCIL from Rs 3,042 crore to Rs 100 crore, citing the company’s plan to proceed with a public listing. The overall capital allocation to DAE has been reduced…

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India | News | Renewable Energy

Andhra Pradesh clears land for two 1,000 MW solar parks
By April 7, 2026April 7, 2026

The Andhra Pradesh government has approved the allocation of government land for two ultra-mega solar parks in YSR Kadapa and Kurnool districts, each with a planned capacity of 1,000 MW. The decision was taken at a recent cabinet meeting as part of efforts to expand grid-connected solar capacity in the state. The land will be transferred to Andhra Pradesh Solar Power Corporation Limited (APSPCL), the state’s nodal solar agency, which will lease the sites to…

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India | News | Renewable Energy

Feston SEV plans 3 GWh BESS capacity, enters storage segment
By April 7, 2026April 7, 2026

Feston SEV Private Limited, the solar inverter and power electronics arm of FestGroup, has entered the Battery Energy Storage System (BESS) segment, expanding its portfolio to include solar generation, storage, and power electronics. The company has outlined a target annual production capacity of 3 GWh for its BESS operations. Its product range will cover systems from 5 kWh for residential applications to 5 MWh containerised units for commercial and industrial (C&I) use. As part of…

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