Inox Clean Energy acquires Vibrant Energy for ~Rs 5,000 crore INOXGFL Group has expanded its renewable portfolio, with subsidiary Inox Clean Energy completing the acquisition of Vibrant Energy from Macquarie Corporate Holdings for around Rs 5,000 crore. The transaction, completed in four months, adds a 1,337 MW portfolio of solar and hybrid assets. The acquired…
CEA mandates smart meters in network areas, updates open access norms The Central Electricity Authority (CEA) has amended its Installation and Operation of Meters Regulations, 2006, through a gazette notification dated April 1, 2026, making smart meters mandatory for all consumers in areas with communication network coverage. The amendment takes effect from the date of…
CEA notifies BESS safety rules, effective April 2027 The Central Electricity Authority (CEA) has notified mandatory safety requirements for battery energy storage systems (BESS) through an amendment to the CEA (Measures relating to Safety and Electric Supply) Regulations, 2023. Published on March 30, 2026, the rules will take effect on April 1, 2027. The amendment…
BHEL secures Rs 13,500 crore NTPC Telangana Stage-II contract Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for the 3×800 MW Telangana Stage-II supercritical thermal power project in Peddapalli district, Telangana. The contract is valued at over Rs 13,500 crore, excluding Goods and Services Tax (GST), with an…
NTPC approves Rs 8,996 crore for BESS and Meja Stage-II NTPC Limited approved two investment proposals on March 28, 2026, totalling Rs 8,995.57 crore across battery energy storage and thermal expansion. This includes Rs 5,821.90 crore for a 4.70 GWh BESS programme and Rs 3,173.67 crore equity infusion into Meja Urja Nigam Private Limited (MUNPL)….
MoP directs CGPL to run imported coal plant at full capacity through June The Ministry of Power (MoP) has issued directions to Coastal Gujarat Power Ltd. (CGPL) under Section 11 of the Electricity Act, 2003, requiring full-capacity operation of its imported coal-based (ICB) plant from April 1 to June 30, 2026. A committee comprising MoP,…
REC approves Rs 1.6 lakh crore borrowing plan for FY27 The board of REC Limited has approved a market borrowing programme of up to Rs 1.6 lakh crore for FY27. The programme includes long-term bonds and non-convertible debentures (NCDs), external commercial borrowings (ECBs), green bonds, ESG bonds, short-term loans, and commercial papers. Long-term bonds and…
CIL approves IPO plans for SECL and MCL, up to 25% stake sale Coal India Limited (CIL) has approved in-principle plans to list its subsidiaries South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), with up to 25% equity divestment in each via the Offer for Sale (OFS) route. The decision was taken at…
Tata Power executes supplementary PPA for Mundra plant Tata Power has executed a Supplementary Power Purchase Agreement (SPPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for its 4 GW Mundra thermal power plant. Identical agreements are set to be signed with Maharashtra, Rajasthan, Punjab, and Haryana, enabling full capacity revival. The revised structure allows fuel…
CEA outlines transmission roadmap for 900 GW non-fossil capacity by 2035-36 The Central Electricity Authority released a transmission plan to support over 900 GW of non-fossil fuel capacity by 2035-36. It estimates an investment of Rs. 7,93,300 crores for 1,37,500 circuit-kilometres of lines and 8,27,600 MVA of substation capacity between 2026-27 and 2035-36. The plan…