Power Sector News Roundup for December 8, 2025

India

JK Cement raises stake in O2 Renewable Energy V

JK Cement bought an additional 12.21 per cent stake in O2 Renewable Energy V for about Rs 0.05 billion, raising its total holding to 28.97 per cent. The company acquired 46,45,658 shares from JSW Neo Energy at Rs 11.18 each. The higher stake strengthens its position in a 22 MW Karnataka wind project that supplies power to JK Cement and other users. The asset is part of a 240 MW wind solar hybrid project. O2 Power had agreed in 2022 to supply 22 MW from this project to JK Cement’s units.

Tata Power and UCO Bank partner to expand rooftop solar financing

Tata Power Renewable Energy signed an MoU with UCO Bank to expand financing for rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana. UCO Bank will offer loans of up to Rs 0.2 million at a 6 per cent reducing rate with a 10 per cent margin. Systems costing Rs 0.2 million to Rs 0.6 million will receive up to 80 per cent financing. Interest rates start at 7.40 per cent for home loan customers and 8.40 per cent for others. The scheme has no processing fees and no documentation charges.

NTPC Green and CSPGCL set up 2 GW renewable JV in Chhattisgarh

NTPC Green Energy and Chhattisgarh State Power Generation Company created a joint entity on 05.12.2025 to build renewable assets in the state. NTPC Green Energy holds 74 per cent and CSPGCL holds 26 per cent. The venture will develop renewable parks under UMREPP and other sites across Chhattisgarh with up to 2 GW of solar, wind, and hybrid capacity. It will also study floating solar possibilities on reservoirs. NTPC Green Energy subscribed to 74,000 shares for Rs 740,000.

Reliance Power says operations unaffected after ED attachment reports

Reliance Power said its operations are unaffected after reports of ED asset attachments. Most attached assets worth about Rs 101.17 billion belong to firms no longer in the group. The action relates to probes involving Reliance Home Finance, Reliance Commercial Finance, and Yes Bank, with 18 assets worth Rs 11.2 billion attached. The ED alleges diversion of public funds across several Reliance entities. Reliance Power said only wind assets worth about Rs 0.10 billion from its portfolio are provisionally attached and emphasized that Anil D Ambani has not been on its board for over three and a half years.

Russia begins fuel deliveries for Kudankulam reactors

Russia began supplying VVER 1000 fuel for Kudankulam units 3 and 4, with the first shipment arriving from the Novosibirsk Chemical Concentrates Plant. Seven flights will deliver the full core and reserve fuel under a 2024 lifetime supply contract. Units 3 and 4 will be the first VVER 1000 reactors to start with an 18 month fuel cycle. India and Russia recently discussed expanded cooperation across the fuel cycle and a second plant site with Russian reactors. Kudankulam will reach 6,000 MW once its six units are completed.

Waaree Solar Americas wins 288 MW US solar module order

Waaree Energies reported a 288 MW module order for its US subsidiary from a major utility scale developer. The order was booked on December 5, 2025. Delivery will take place in FY 2026 to 2027. The company said it is not a related party transaction and that its promoters have no interest in the buyer.

Global

EC opens €5.2bn Innovation Fund calls for net zero technologies and hydrogen

The European Commission opened €5.2bn in Innovation Fund calls focused on net zero technologies, low carbon hydrogen, and industrial heat. The net zero call provides €2.9bn for emission reduction and manufacturing projects. The European Hydrogen Bank’s third auction will allocate €1.3bn for renewable and low carbon electrolytic hydrogen with a fixed premium for up to ten years. The €1bn IF25 Heat Auction will support electrified and renewable industrial heat systems with premiums for up to five years. The Commission said the funding supports long term industrial decarbonisation.