Power Sector News Roundup for January 14, 2026

India

PFC opens Rs 5,000 crore secured NCD issue

Power Finance Corporation Limited has announced a public issue of secured, redeemable, non-convertible debentures with a base size of Rs 500 crore and an option to retain oversubscription of up to Rs 4,500 crore. The issue opens on January 16, 2026, and is being launched under a shelf prospectus limit of Rs 10,000 crore as Tranche I. The NCDs will be listed on the National Stock Exchange of India Limited and are scheduled to close on January 30, 2026. The offer includes five series with tenors ranging from five years to 15 years, with effective annual yields between 6.80% and 7.30%. The NCDs are proposed to be secured by a first pari-passu charge on book debts and receivables, with a minimum security cover of 100%.

Indo-Tech Transformers secures Rs 65 crore transformer order

Indo-Tech Transformers Limited has received an order valued at Rs 64.99 crore plus applicable taxes from Renew Wind Energy (JAMB) Private Limited. The Letter of Intent was issued on January 08, 2026, for the supply of six units of 220 kV 165 MVA power transformers. Delivery of the transformers is scheduled between February 2027 and May 2027. The company has confirmed that the transaction does not involve related parties. It has also stated that promoters and group entities have no interest in the awarding company.

CEA invites comments on Indo-Denmark draft technology catalogues

The Central Electricity Authority has invited stakeholder comments on draft technology catalogues covering Energy Storage and Green Fuels developed under the Indo-Denmark strategic energy cooperation. The catalogues are being prepared under an MoU signed on June 5, 2020, between the Ministry of Power and the Ministry of Climate, Energy & Utilities of Denmark. According to CEA, the drafts were developed after extensive stakeholder consultations, including a workshop held on July 16, 2024, attended by over 100 sector experts. The catalogues are intended to support electricity system analysis and long term energy planning. The consultation period remains open until February 15, 2026.

HPSEBL reports Rs 300 crore profit in April to December 2025

Himachal Pradesh State Electricity Board Limited has reported a profit of Rs 300 crore for the period ending December 31, 2025, compared to Rs 206 crore in the corresponding period last year. Chief Minister Sukhvinder Singh Sukhu attributed the improvement to sector reforms and governance measures. These include implementation of the Himachal Pradesh Electricity Grid Code and accelerated digitisation of consumer services. Around 150,000 smart meters are being installed in Shimla and Dharamshala, while infrastructure projects worth Rs 62 crore are underway in the Killar Valley. The state has also announced plans to begin work on six new 33 by 11 kV substations in Kangra district in the next financial year.

Vibrant Gujarat meet draws major renewable investment proposals

The Vibrant Gujarat Regional Conference held in Rajkot on January 12–13, 2026, resulted in renewable energy investment proposals exceeding Rs 34,000 crore. Four companies signed MoUs with the Government of Gujarat covering renewable power, biofuels, and biogas projects. NLC India Limited signed a non-binding MoU for renewable projects with an investment potential of about Rs 25,000 crore, spanning solar, wind, hybrid, and battery energy storage systems. Essar Future Energy Limited proposed a Rs 5,100 crore bio-fuel complex in Devbhumi Dwarka district with a planned capacity of 1 million tonnes per annum. KPI Green Energy Limited committed to developing around 855 MW of renewable capacity with an investment of about Rs 4,000 crore.

CTUIL releases draft process for closing connectivity applications

The Central Transmission Utility of India Limited has released a draft procedure for closing connectivity applications when grid augmentation schemes are not approved. Issued on January 13, 2026, the draft is open for stakeholder consultation under the CERC Connectivity and GNA Regulations, 2022. It outlines timelines for publishing rejections and returning Connectivity and Land Bank Guarantees to applicants. The draft also explains handling of applications in capacity-constrained locations and allows applicants to reduce power quantum to match available margins. Feedback on the proposed procedure is invited until January 20, 2026.

Andhra Pradesh clears Websol Energy’s 4 GW solar manufacturing plant

The Andhra Pradesh government has approved Websol Energy System Limited’s proposal to set up a 4 GW solar cell and module manufacturing facility at MPSEZ in Naidupeta, Tirupati district. The approval follows an MoU signed with the Andhra Pradesh Economic Development Board in November 2025. The project will receive a state incentive package including land allotment, capital subsidy, power tariff reimbursement, and duty exemptions. Websol Energy also plans to establish a 100 MW captive solar power plant to support the facility. The proposed unit will significantly expand the company’s existing manufacturing capacity in India.

BatteryPool raises Rs 8 crore in Pre-Series A round

BatteryPool has raised Rs 8 crore in a Pre-Series A funding round led by Inflection Point Ventures, with participation from multiple angel networks and investors. The startup operates over 2,000 batteries across six Indian cities and offers flexible battery access for electric vehicles. The funds will be used to expand the battery fleet tenfold over the next 18 months and enter additional markets. BatteryPool’s model combines proprietary hardware with an IoT-enabled battery management system. The company aims to reduce cost and complexity for electric mobility through subscription-based battery access.

BEE sets February 28 deadline for solar inverter re-registration

The Bureau of Energy Efficiency has directed manufacturers of grid-connected solar inverters to re-register existing models by February 28, 2026. The requirement follows the implementation of the mandatory Standards and Labelling programme from January 1, 2026. Manufacturers are required to upload earlier approval letters and updated sample labels through the online portal. Inverter models not re-registered by the deadline will be automatically deactivated. The directive aligns with efficiency standards notified by the Ministry of Power for inverters up to 100 kW capacity.

Vikram Solar appoints Biresh Ranjan Das as SVP HR

Vikram Solar Limited has appointed Mr. Biresh Ranjan Das as Senior Vice President, Human Resources. The company stated that Mr. Das brings over two decades of cross-industry experience. The appointment is part of Vikram Solar’s efforts to strengthen talent development and workforce planning. The company also confirmed the resignation of Mr. Arindam Chakraborty, Senior Vice President and Head of Global HR. His resignation letter dated December 31, 2025, has been accepted by the management.

Waaree Renewable secures 25 MWac solar EPC contract

Waaree Renewable Technologies Limited has secured a turnkey EPC contract for a 25 MWac or 35 MWp ground-mounted solar power project. The order was disclosed to stock exchanges on January 14, 2026, under SEBI LODR Regulations. The project includes evacuation infrastructure with a capacity of 50 MW. It has been awarded by a domestic company engaged in pig iron, castings, and seamless tube manufacturing. The project is scheduled for completion in the financial year 2026–27 and is valued at about Rs 102.75 crore excluding taxes.