Power Sector News Roundup for December 9, 2025
Author: PPD Team Date: December 9, 2025
India
AMPIN secures investment from FMO for renewable project expansion
FMO has invested 50 million dollars in AMPIN Energy Transition to support new greenfield renewable projects in India. The funding aligns with FMO’s climate strategy and AMPIN’s domestic growth plans. AMPIN said the support will help scale renewable systems and strengthen environmental and social standards. FMO said the fully green facility will meet AMPIN’s capital expenditure needs and aid deployment across customer segments.
Diamond Power wins cable supply order from AGEL
Diamond Power Infrastructure has secured an AGEL order for 33 kV and 3.3 kV cables spanning more than 5,600 km. The order is valued at Rs 7.47 billion and covers AGEL’s solar projects in Khavda and Rajasthan. Supplies will run from January 2026 to December 2026. The company continues to expand its role in large renewable projects and recently won a conductor order from Adani Energy Solutions.
IFC invests in India’s first integrated battery materials facility
IFC has invested about 50 million dollars in GFCL EV Products to build India’s first integrated battery materials facility in Noida. The company manufactures advanced chemicals for electric vehicles and storage and operates a backward integrated supply chain. The new plant will produce key inputs including lithium hexafluorophosphate and cathode materials. Gujarat Fluorochemicals said the model lowers dependence on external suppliers and strengthens India’s battery ecosystem.
Transrail Lighting secures Rs 822 crore EPC orders
Transrail Lighting has added Rs 822 crore in new EPC orders, including a 400 kV transmission line in a GCC region. FY26 inflows have now crossed Rs 5,110 crore, with an L1 pipeline above Rs 2,000 crore. The company said the international contract opens a new geography and supports expansion across transmission and distribution and solar EPC. Management expects steady progress in order intake and execution.
Power Minister launches CEA’s Stellar tool
The Power Minister has launched CEA’s Stellar tool for long term load adequacy and resilience. He said AI and ML will support smarter distribution networks and improve analytics, maintenance and outage prediction. The Ministry highlighted the need for digitalisation, secure data frameworks and interoperability. The event evaluated 51 shortlisted innovations and awarded winners across utility and technology categories.
Mufin Green Finance raises Rs 900 million through listed NCD issuance
Mufin Green Finance has raised Rs 900 million through secured, rated and listed NCDs. The instruments carry an 11.75 per cent coupon and mature on 26 November 2030. Proceeds will fund rooftop and commercial solar projects, electric mobility and health insurance financing. The company plans to finance Rs 5 billion of solar projects by 2026 and recently completed a rooftop solar financing in Baroda.
Avaada signs MoU to set up green hydrogen Centre of Excellence in Odisha
Avaada Group has signed an MoU with GRIDCO and IIT Bhubaneswar to set up a green hydrogen research centre. The centre will study storage, industrial use and mobility applications and assess new technologies. Avaada will build an extension facility at its Odisha site and fund selected research projects. GRIDCO will coordinate implementation and IIT Bhubaneswar will provide land and research support.
Global
ADB lends 100 million dollars for Sri Lanka’s power sector restructuring
Sri Lanka has received a 100 million dollar ADB loan to support power sector restructuring under the 2024 Act and its 2025 amendment. The plan includes unbundling CEB, cost reflective tariffs and debt restructuring. ADB will also provide a 2.5 million dollar technical assistance grant. Critics say the 2025 amendment delays unbundling and increases government control over the Transmission Company while offering limited support for rooftop solar and storage.