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…
Sakhigopal Integrated Power Company Limited (SIPCL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been struck off by the Registrar of Companies with effect from March 9, 2026, under Section 248 of the Companies Act, 2013. SIPCL was incorporated in May 2008 as a Special Purpose Vehicle (SPV) to develop a 4,000…
ACME Solar Holdings Limited (ASHL) has commissioned the second phase of its Battery Energy Storage System (BESS) project in Rajasthan through its wholly owned subsidiary, ACME Sun Power Private Limited. The newly commissioned phase adds 33.335 MW / 160.51 MWh of storage capacity and achieved Commercial Operation Date (COD) on March 14, 2026. The second…
Power Grid Corporation of India Limited (POWERGRID) and Montecarlo Limited acquired two transmission Special Purpose Vehicles (SPVs) in Maharashtra on March 12, 2026. The transfers were completed by PFC Consulting Limited (PFCCL) under the Tariff-Based Competitive Bidding (TBCB) process. POWERGRID acquired NES Pune East New Transmission Limited (NPENTL), the SPV established to address transmission constraints…
KPI Green Energy Limited has energised an additional 35 MWp of solar capacity, raising its operational Independent Power Producer (IPP) capacity to 589 MWp. The company stated that it is progressing toward commissioning another 1,582 MWp, which would increase its total IPP portfolio to 2.17 GWp. In January 2026, KPI Green commissioned its 200 MW…
ACME Solar Holdings Limited (ASHL) has signed two Power Purchase Agreements (PPAs) through its subsidiary, ACME Greentech Seventh Private Limited, with SJVN Limited for a total capacity of 450 MW / 1,800 MWh. The agreements were executed on March 2, 2026, and will remain valid for 25 years. The PPAs arise from the Tranche-FDRE-4 tender…
The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has recommended granting Terms of Reference (ToR) for the proposed 1,200 MW Cherue Pumped Storage Project in Sonbhadra district, Uttar Pradesh. Adani Hydro Energy Six Limited will develop the project. The recommendation was made at the committee’s 49th meeting in February 2026, allowing the…
The Ministry of Power (MoP) has issued a draft of the Electricity (Rights of Consumers) Amendment Rules, 2026, seeking stakeholder comments by April 11, 2026. The amendments are proposed to take effect from October 1, 2026. According to the draft, the changes aim to update India’s consumer protection framework in the electricity sector by addressing…
Prime Minister Narendra Modi laid the foundation stone for a 50 MW floating solar project at West Kallada in Kerala on Wednesday during his visit to Ernakulam. The project was announced alongside the inauguration and launch of infrastructure projects worth over Rs 10,800 crore under the “Viksit Keralam – Viksit Bharat” initiative. The floating solar…
In two consecutive sittings of the Expert Appraisal Committee for thermal power projects, held on February 24 and 25 under the Ministry of Environment, Forest and Climate Change (MoEF&CC), nine coal-based power plants came up for review under the July 2025 notification that opened the door for Category B plants to seek case-by-case exemptions from…