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…
Grid & Policy $1.9 billion · US US DOE launches SPARK grid upgrade program The Department of Energy’s Office of Electricity has opened a $1.9 billion funding opportunity under the SPARK initiative, targeting reconductoring and advanced transmission technologies. The program is tied to a recent executive order on energy policy and rising electricity demand. Concept…
India plans 1,121 GW power capacity by 2035-36, solar to lead The Central Electricity Authority (CEA) has released the National Generation Adequacy Plan (NGAP) for 2026-27 to 2035-36, projecting total installed capacity to reach 1,121 GW by 2035-36 from 520.5 GW as of January 2026. Solar photovoltaic (PV) capacity is expected to rise to 509…
Maharashtra notifies RE and storage policy with 65% target by FY36 The Government of Maharashtra has notified the Maharashtra Renewable Energy and Energy Storage Policy 2025-26 to 2035-36 through a resolution dated March 18, 2026. The policy targets renewable energy to meet 65% of the state’s electricity demand by FY 2035-36, with demand projected to…
NCT clears Rs 9,980 crore transmission schemes in eastern and western regions The National Committee on Transmission (NCT) approved two transmission schemes worth about Rs 9,980 crore on February 25, 2026. The eastern scheme includes the Nawada-Durgapur-Jeerat 765 kV corridor at Rs 5,270.09 crore to improve Kolkata supply reliability and evacuate power from NTPC’s 2,400…
Oriana Power incorporates three wholly owned subsidiaries Oriana Power Limited has incorporated three wholly owned subsidiaries within two days. The entities are Brightera Solar Private Limited, Sunpeak Solutions Private Limited, and Prime Energy Solutions Private Limited. Brightera Solar Private Limited and Sunpeak Solutions Private Limited were incorporated on March 11, 2026, while Prime Energy Solutions…
Coal India subsidiary CMPDIL files RHP for IPO Coal India Limited (CIL) informed stock exchanges that Central Mine Planning and Design Institute Limited (CMPDIL), its wholly owned subsidiary, filed a Red Herring Prospectus (RHP) dated March 12, 2026 with the Securities and Exchange Board of India (SEBI), BSE Limited (BSE), and the National Stock Exchange…
EAC clears Adani’s 1,200 MW pumped storage project in Uttar Pradesh 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, with the recommendation…