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ED makes third arrest in Reliance Power money laundering probe
The Enforcement Directorate (ED) has made a third arrest in its money laundering probe involving Reliance Power, part of Anil Ambani’s Reliance Group. The case pertains to an alleged fake bank guarantee worth Rs 68 crore. According to the ED, Kolkata resident Amar Nath Dutta was taken into custody under the Prevention of Money Laundering…
Oklo and Switch sign historic 12GW clean power deal
Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean power deals to date, setting the stage for future binding power purchase agreements. Oklo will develop, construct, and operate the powerhouses…
MoP phases local content norms for LCC-HVDC substations to 2035
The Ministry of Power (MoP) has revised Minimum Local Content (MLC) requirements for Line Commutated Converter (LCC)-type High Voltage Direct Current (HVDC) substations, replacing the earlier flat 60% mandate with a phased schedule extending to 2035. The order, dated April 30, 2026, amends a 2021 notification issued under the Public Procurement (Preference to Make in…
Gujarat revises power transmission land compensation policy
The Gujarat government has revised its Right of Way (RoW) compensation policy for power transmission projects, replacing the existing Jantri (circle rate)-based compensation system with one linked to prevailing market values. The revised policy, announced on July 4, 2026, also introduces upfront compensation payments, expands the compensable area for transmission towers, and establishes a new…
NPC approves uniform protection protocol for grid operations
The National Power Committee (NPC), in consultation with Regional Power Committees (RPCs), has approved the Uniform Protection Protocol (UPP) for nationwide implementation. This decision was formalized during the 15th National Power Committee Meeting held in Nagpur, Maharashtra. The protocol aligns with the Indian Electricity Grid Code (IEGC) 2023 and introduces a standardized protection system aimed…
JSW Energy wins resolution plan for KSK Mahanadi Power under CIRP
JSW Energy has been declared the successful applicant for the resolution plan of KSK Mahanadi Power Company (KMPCL) under the corporate insolvency resolution process (CIRP) and has received a letter of intent (LoI). The resolution plan was approved by the Committee of Creditors and is now awaiting regulatory approvals from the National Company Law Tribunal…
