Power Sector News Roundup for February 3, 2026

India

Atlanta Electricals wins Rs 288 crore transformer orders

Atlanta Electricals Limited said it has secured new orders worth Rs 288 crore from Karnataka Power Transmission Corporation Limited and a private power producer, according to a regulatory filing. The contracts involve the supply of power transformers and associated systems, with execution planned over the next twelve months. The company received two orders worth Rs 146 crore from KPCL for 13 transformers and related fire protection systems. It also won three orders valued at Rs 142 crore from Datta Power Infra Private Limited for projects executed for NTPC across Madhya Pradesh, Maharashtra, and Andhra Pradesh. Following these awards, Atlanta Electricals said its consolidated order book rose to Rs 2,787 crore.

Tamil Nadu and Kerala BESS tenders show divergent tariffs

Tamil Nadu Generation and Distribution Corporation Limited and NTPC Vidyut Vyapar Nigam Ltd have awarded large standalone Battery Energy Storage System projects with differing tariff outcomes. Tamil Nadu Green Energy Corporation Limited awarded a 375 MW / 1,500 MWh BESS project with a lowest tariff of Rs 3.15 lakh per MW per month, reflecting a requirement of 1.5 cycles per day over 15 years. In contrast, NVVN awarded a 250 MW / 500 MWh project for Kerala at a lowest tariff of Rs 1.81 lakh per MW per month, based on 420 cycles per year over the same tenure. The higher Tamil Nadu tariff reflects the more intensive operating profile compared to Kerala. The awards highlight continued momentum in standalone BESS procurement despite cost and policy pressures.

Tata Power arm commissions 198 MW wind project in Tamil Nadu

Tata Power Renewable Energy Limited has commissioned a 198 MW wind energy project in Karur district, Tamil Nadu, to supply power to Tata Steel under a group captive arrangement. The project comprises 55 wind turbine generators of 3.6 MW each and is expected to generate about 31 million units of electricity annually. TPREL said the project will offset around 26,350 tonnes of carbon dioxide emissions and support Tata Steel’s decarbonisation goals. The company executed the project under a self EPC model and completed turbine installation within 167 days. With this commissioning, TPREL’s renewable utility capacity has reached 11.6 GW.

Power Grid arm commissions Khavda Phase II-C transmission project

Power Grid Corporation of India Limited said its subsidiary, POWERGRID Khavda II-C Transmission Limited, has achieved commercial operation of the Khavda Phase II Part C transmission project from 31 January 2026. The scheme supports evacuation of 4.5 GW of renewable energy from the Khavda pooling station under the inter state transmission system. The project includes major substation works at Ahmedabad and a new 765 kV double circuit transmission line spanning about 220 km. Power Grid said the project strengthens grid readiness for large scale renewable integration. The project was developed under the regulated competitive bidding framework.

ACME Solar unit commissions 16 MW of Gujarat wind project

ACME Solar Holdings Limited said its subsidiary has received a commissioning certificate for 16 MW of a wind power project in Gujarat. The certificate was issued by the Gujarat Energy Development Agency on 31 January 2026. The commissioned capacity forms part of a larger 100 MW wind project in Surendranagar district. The project is located at Garambhadi village in Piparali Kotda, Sayla taluka. ACME Solar said the update follows earlier disclosures on project progress made in January 2026.

NTPC Green signs MoU to supply inputs for green urea plant

NTPC Green Energy Limited announced that it has signed a memorandum of understanding with Assago Industries Private Limited to supply inputs for green urea production. The MoU covers the supply of green ammonia, carbon dioxide, renewable power, and utilities for producing 1,000 tonnes per day of green urea. The agreement was signed at NTPC Bhawan in New Delhi. The proposed plant is being explored within NGEL’s Green Hydrogen Hub at Pudimadaka near Visakhapatnam. The company said the partnership supports industrial scale green fertiliser development.

Kerala budget 2026-27 outlines energy investments and green hydrogen push

Kerala’s 2026-27 budget allocates Rs 1,309.84 crore to the power sector, with a focus on renewable energy, grid upgrades, and emerging technologies. Funding includes allocations for Battery Energy Storage Systems, smart meters, pumped storage, and externally aided grid projects. The budget earmarks Rs 7.18 crore for green hydrogen initiatives under the Hydrogen Valley programme. Solar initiatives include funding for remote tribal electrification and a community based solar and storage pilot in Thrissur. The government said the proposals aim to strengthen energy security and support long term economic growth.

BPCL commissions 71 MWp solar plant in Uttar Pradesh

Bharat Petroleum Corporation Limited has commissioned a 71 MWp DC solar plant in Prayagraj, Uttar Pradesh, to support its refining operations. The project is expected to generate 103.61 million units of electricity annually and reduce carbon emissions by about 75,150 metric tonnes per year. Power from the plant will be supplied to BPCL’s refineries in Mumbai, Bina, and Kochi. The solar facility covers 210 acres and is connected through a 132 kV transmission line. BPCL said the project strengthens its strategy to source renewable power directly.

Luminous commissions lithium ion battery line in Himachal Pradesh

Luminous Power Technologies has inaugurated a lithium ion battery assembly line in Baddi, Himachal Pradesh, with an installed capacity of 500 MWh. The facility will produce battery packs for residential, commercial, stationary storage, and e rickshaw applications. Individual packs range from 1.2 kWh to 16 kWh, with system configurations scalable up to 1 MWh. The company said the line uses robotic automation and provides end to end digital traceability aligned with Battery Aadhaar requirements. Luminous said the facility supports localised manufacturing for advanced energy storage.

Bhutan’s DGPC ties up with Indian firm for solar and hydro projects

Druk Green Power Corporation has signed an MoU with Carbon Resources Private Limited to jointly develop solar and hydropower projects in Bhutan. The partnership covers projects ranging from 100 MW to 250 MW and will be implemented through joint venture SPVs. DGPC will provide project data and regulatory inputs, while CRPL will undertake technical and financial assessments. The collaboration supports Bhutan’s target of reaching 25 GW of installed capacity by 2040. The agreement also aligns with the country’s efforts to expand solar capacity alongside hydropower.

Global

South Korea confirms new nuclear reactors and SMR rollout

South Korea has confirmed plans for two new large nuclear reactors and the deployment of small modular reactors under the 11th Basic Power Supply Plan. The reactors will have a combined capacity of 2,800 MWe, with completion targeted for 2037 and 2038, while 700 MWe of SMR capacity is planned by 2035. The government said the decision follows a public survey showing strong support for nuclear power. Nuclear generation is projected to rise from 180.5 TWh in 2023 to 248.3 TWh in 2038. The move forms part of South Korea’s strategy to achieve 70 percent carbon free electricity by 2038.