Power Sector News Roundup for August 28, 2026
JAKSON Engineers appoints Ivan Saha as Managing Director
JAKSON Engineers Limited, part of the JAKSON Group, has appointed Ivan Saha as Managing Director, with responsibility for leading the company’s integrated solar manufacturing business. He will oversee technology, manufacturing operations and business growth as the company expands its manufacturing footprint and pursues backward integration across the solar value chain. Saha brings more than 31 years of experience spanning the semiconductor, solar and sustainable energy sectors. Before joining JAKSON, he was CEO of Reliance Infrastructure’s renewable manufacturing business and previously served as Chief Executive Officer of Vikram Solar.
Oyster Renewable Energy appoints Sandeep Arora as CFO
Oyster Renewable Energy Pvt Ltd has appointed Sandeep Arora as its Chief Financial Officer (CFO), as the hybrid renewable energy solutions provider expands its portfolio and presence among commercial and industrial (C&I) consumers. Arora will be responsible for strengthening the company’s financial strategy, capital management and long-term financial planning, while supporting its next phase of growth. He brings more than 20 years of experience across banking, infrastructure and renewable energy, with expertise in capital raising, project finance, financial planning, investment strategy and risk management. His experience in financing large-scale renewable energy projects and managing complex capital requirements is expected to support Oyster Renewable’s efforts to scale its portfolio and pursue new growth opportunities.
Tata Power to appeal after losing $490 million arbitration case
The Singapore International Commercial Court (SICC) has dismissed all applications filed by The Tata Power Company Limited challenging a $490.32 million arbitration award in favour of Kleros Capital Partners Limited, a UK-based investment firm. With interest accruing from November 2020 and legal costs, Tata Power’s total liability has now exceeded $640 million, approximately Rs 6,000 crore. The dispute arose from a proposed coal project in Russia that was never developed, with Kleros alleging breaches of confidentiality and non-circumvention obligations relating to a proposed joint pursuit of the Krutogorovo coal project in Russia. Tata Power has confirmed that it will appeal the SICC decision to the Singapore Court of Appeal and has 28 days from August 26, 2026, to file the appeal.
Sembcorp Green Energy proposes Rs 3,750 crore IPO to repay debt
Singapore-based Sembcorp Green Energy has moved towards a stock market listing with a proposed initial public offering (IPO) of up to Rs 3,750 crore. The issue will be a 100% book-built offer of equity shares with a face value of Rs 10 each and will comprise only a fresh issue, with no Offer for Sale (OFS) component. Proceeds will be used to repay certain borrowings of the company and its subsidiaries, making the issue entirely a primary capital raise. Sembcorp Green Energy has a total portfolio of approximately 7.64GW/GWh, including 3.60GW of operational capacity and approximately 4.04GW/GWh under construction.
LAPP expands Bhopal facility into its largest global manufacturing plant
LAPP has inaugurated an expansion of its manufacturing facility in Bhopal, Madhya Pradesh, converting LAPP Cable Works Bhopal into the largest manufacturing facility in its global production network. The expansion includes a new facility for low voltage (LV) power cable manufacturing, which became fully operational on August 27, 2026. The cables produced at the expanded facility are used in electrical infrastructure for factories, commercial buildings, transportation systems, renewable energy installations, utility projects and other industrial applications. The facility now provides more than 200 quality manufacturing jobs and houses some of LAPP Group’s most advanced manufacturing technologies worldwide.
Tata Power commissions 72.5 MW captive solar project in Rajasthan
Tata Power Renewable Energy Limited (TPREL) has commissioned a 72.5 MW captive solar project at Kalasar in Bikaner, Rajasthan, developed to supply green energy to Tata Steel Limited (Tata Steel) through TP Vardhman Surya Limited, a subsidiary of TPREL. The project is expected to generate 166 million units (MUs) of green energy annually and offset approximately 1,18,856 tonnes of carbon emissions per annum. The project uses 1,71,360 solar modules manufactured by TP Solar Limited and is intended to support Tata Steel’s decarbonisation and sustainability goals. With the addition of the project, TPREL’s total renewable utility capacity has reached 12.3 GW, including approximately 7 GW operational and another 5.3 GW under various stages of implementation.
ACME Solar commissions 15 MW/240.752 MWh BESS project in Rajasthan
ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Suryodaya Private Limited, has commissioned a 15 MW/240.752 MWh Battery Energy Storage System (BESS) project at Sanwara and Mehar Nagar villages in Pokhran tehsil, Jaisalmer district, Rajasthan. The project was commissioned on August 27, 2026, with its Commercial Operation Date (COD) scheduled for August 29, 2026. With this addition, ACME Suryodaya has achieved a commissioned capacity of 300 MW/1,354.224 MWh. ACME Solar reported consolidated total revenue of Rs 954 crore for the quarter ended June 30, 2026, an increase of 63.3% year-on-year, while Profit After Tax (PAT) rose 80% to Rs 235 crore.
Sterlite Tech switches four plants to 100% green power
Sterlite Technologies Limited (STL) has shifted four manufacturing plants in Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra, to electricity sourced entirely from wind and solar power through the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The transition is expected to reduce market-based Scope 2 emissions from STL’s optical fibre and optical fibre cable plants by approximately 65%. STL has also integrated 100% green hydrogen into its glass manufacturing operations, reducing emissions from one of the more difficult-to-abate stages of the optical fibre value chain. The company has reduced the carbon footprint of its G.657.A2 optical fibre from 4.7 kg CO2e per fibre kilometre to 0.9 kg CO2e/fkm, representing an 80% reduction.